The maximum credit allowed is $8,000 for one dependent and $16,000 for two or more dependents.
What is the formula for calculating the present value of a future cash flow?The maximum child care credit allowed is $8,000 for one dependent and $16,000 for two or more dependents.
This means that if you meet the eligibility criteria for the child care credit, you can claim a credit of up to these amounts on your tax return.
The credit is designed to help taxpayers offset some of the expenses incurred for child care services, such as daycare or babysitting, while they are working or looking for work.
The specific amount of the credit you can claim will depend on your qualifying expenses and your income.
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how do I start a business? It has to be a physical business cuz I wanna open a boba shop
My mom says I should take business classes but I am impatient and I wanna know
Answer: The first when starting a business is knowing what the business is going to be about
Explanation: You made it clear that you want to open a physical store. But before opening a store is important for you to know some basic stuff. Your mom is right about taking some business class and while you take them you can also open the store, which is a learning proccess that never ends.
When opening a store you need to be clear how your product or services is going to help or be a way for people to entertain or enjoy. When you are clear about it you have to think about putting the store in a place that you know you are going to get good visibility. Also, you are going to work on the marketing side and you can do this online creating ads for people to go and see your store.
When you are clear about the ubication and the ways of how to make people come to your store, you need to also think about the design. The type of product that you want to sell needs to have an attractive design that catches people's eyes.
which viability factor involves building relationships with a experienced professionals
Relationship factor helps in building relationships with a experienced professionals.
Give a brief account on Business viability.Viability means that the business is (or may be) successful. A viable business is profitable, meaning it generates more revenue than you spend running it. If a company is not profitable, it is difficult to recover. Companies need to increase sales, reduce costs, or both. Profitability is closely related to solvency and liquidity as well as profit.
There are two processes to creating a profitable business. First, it means formulating a marketing strategy by knowing who you are, who you sell to, and who else you sell to. Second, it means your financial home is in order.
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Calculate the 4-day moving average for the following data (Remember that
you're finding 4 different averages)"
1
2
3
4
$182.60
$172.95
$160.08
$175.83
$152.01
$157.89
$148.48
5
6
7
Your answer
Answer:
116 . 100. 560 . 58
257 . 1100. 342 . 186
What is the use of this agriculture machine?
Answer:
Agricultural machinery is machinery used in farming or other agriculture. There are many types of such equipment, from hand tools and power tools to tractors and the countless kinds of farm implements that they tow or operate. Diverse arrays of equipment are used in both organic and nonorganic farming.Explanation:
thanks❤❤Answer:
Professional farmers, as well as homesteaders or hobby farmers, use farm equipment to improve the productivity and efficiency at their farm. We cannot compare the use of a hand spade to the use of a tractor, as both tools have their own importance and ensure greater productivity at farms.
The only thing a farmer needs to do to be productive is to plant, reap and sow at the right time with the right equipment and in the right season. Farming needs different farm implement to be used in the various steps in farming operations. To make a significant difference and enhance the value of the produce a farmer needs to keep their farm on a stable schedule and choose the right equipment.
Uses And Importance
Accomplishing the right farming operations using the right agricultural machinery not only saves the time for a farmer but also helps to increase the fertility and efficiency of a farm.
Advantage of using the farm equipment is that they are capable of doing the maximum in minimum time, with reducing the cost of farming operations. Even at minimum speed, these farm machines have the capability to work twice as fast as human workers.
Additionally, these machines are also being upgraded and redesigned with the upcoming technologies to make them more eco-friendly. These upgrades make sure economic and environmental savings to make them compatible to further use in the future.
Here we are going to discuss the names and functions of the farm equipment that are used more often in modern farming businesses.
MB Plough
MB plough or mould board plough, is one of the tillage implements used to prepare the soil for sowing by breaking up the soil and burring weeds or competing plants. Plough, is the foremost implement used in farming and was initially upgraded in 1838 by a man named John Deere.
With the increasing Mechanization, there are many farm equipment manufacturing industries that offer different types of Plough with various functionalities to be used as tractor implement. One of such industries is Fieldking that offer a wide range of plough, including MB plough or Mould board plough, disc plough etc.
Rotavator
A rotavator or rotary tiller is the secondary tillage equipment used for the same purpose to till and prepare the soil for planting. Used as a tractor attachment it breaks up the upper layer of the soil. Spinning blades attached to either the front or rear of a tiller prepare the soil for seeding by spinning and cutting the clods in the soil.
A rotavator is one of the most common and powerful machinery that is used by Indian farmers to tilling the farms. They are also operated for a plough furrow for seeds and to make and form planting holes for planting trees or transplanting vegetation.
Explanation:
plz mark me as brilliant plz
the sales department at a local company determines that product a will moderately boost sales and have a shorter production schedule, so it is decided that this product will be manufactured and sold without considering other options. in choosing this product, the sales department is
The action that is been taking by the sales department when they are determining the kind of product that will bring about sales boost with their shorter production schedule and manufacturing of product is Satisficing.
Satisficing can be regarded as a decision-making strategy that is carried out for satisfactory or adequate result.This done as opposed to the optimal solution, satisficing involves taking pragmatic effort to face a task.Therefore, satisficing is correct answer.
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Sean works at Rowen Corp., an environmentally conscious apparel manufacturing company. He primarily focuses on the tastes and needs of the firm's customers. He achieves this by managing a team that regularly interacts with customers through various promotional activities and events. He also provides insights on how to produce eco-friendly outfits through his specialized knowledge of cost-efficient manufacturing processes. This implies that Sean:_______.a) is an HR professional.
b) encourages centralized decision making.
c) is a knowledge worker.
d) encourages a narrow business focus.
e) belongs to the external labor market.
Answer:
c) is a knowledge worker
Explanation:
A knowledge worker is an individual who is skillful, experienced, educated and whose duty is to apply his or her thinking creativity on the job. According to Peter Drucker, a knowledge worker is someone who is innovative and creative in terms of developing new products and services and one who always find a better way of doing things.
The job of a knowledge work is very complex hence involves expertise on the subject field. A knowledge worker most often develop new ideas and strategies to meeting needs of people rather than focusing on manual and repetitive work. Example of knowledge workers includes but not limited to engineers, scientists, physicians, lawyers etc.
Selling firms determine which go-to-market strategy to use for each customer based on certain factors. One such factor that pertains to the estimated value of a customer over the lifetime of the customer's relationship with a seller is called _____.
One such factor that pertains to the estimated value of a customer over the lifetime of the customer's relationship with a seller is Customer Lifetime value.
What is the customer lifetime value?This is the net profit that is calculated from the future relationship that one has with a given customer.
It is known to pertain to the value of the customer over a period of relationship with the person that is selling.
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On Jan. 5, a customer returned merchandise that has been purchased earlier on credit. The original sale was for $500 and the cost to the seller was $150.What is the required journal entry to record the return on the seller books? Assume all merchandise can be resold to another customer.
Answer:
Explanation:
When a sales is made on credit, the primary accounts that are affected are the sales accounts and the accounts receivable , with a credit entry of the sales value to the sales account and the same value in the receivable account. We also need to know that the cost of the item is credited to the inventory and debited to the cost of goods respectively.
However , when the sales is returned , the above entry will be reversed and a reversal entry is recorded as below
Credit account receivable - $500
Debit sales return = $500
Debit merchandise inventory $150
Credit cost of goods $150
by shifting to a streaming model, netflix stands to eliminate shipping and handling costs. T/F
By shifting to a streaming model, Netflix eliminates the costs associated with shipping physical DVDs, such as the cost of the DVD itself, packaging, shipping, and handling. Therefore, the statement is true.
A streaming model is a delivery method for digital content that enables users to access and view or listen to content online without having to download it to their devices.
In the context of video streaming services like Netflix, a streaming model allows users to watch TV shows and movies on-demand over the internet, without the need for physical media like DVDs or Blu-ray discs.
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An international business is a firm that
Part 2
A. hires non-U.S. citizens.
B. produces a wide range of products.
C. is not from the United States.
D. engages in international trade or investment.
Option D: An international business is a firm that engages in international trade or investment.
Therefore, the correct answer is option D. An international business is a company that conducts business across national borders. This can include importing and exporting goods, investing in foreign markets, and operating in multiple countries.
It is not necessarily defined by the nationality of its employees, the range of products it produces, or the country in which it is headquartered. International business refers to the trade of goods, services, technology, capital and/or knowledge across national borders and at a global or transnational scale. It involves cross-border transactions of goods and services between two or more countries.
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Amiri, who belongs to the Maori tribe, aspires to be a deputy sheriff in Upper Elm County. Amiri sports a small moko tattoo across his cheeks and nose as a symbol of his heritage. Per the dress code, however, sheriffs are not allowed to have any visible tattoos. Amiri is told that he will need to remove his tattoo before he can apply to be a deputy sheriff. Which of the following will hold true in this scenario?
a. Amiri will prevail in a national origin discrimination claim under Title VII of the Civil Rights Act of 1964 because his tattoo honors his heritage.
b. Upper Elm County can defend itself against Amiri's claim if it can be shown that the tattoo overlaps with his religion.
c. Upper Elm County can defend itself against Amiri's claim because a dress code is permissible under Title VII of the Civil Rights Act of 1964.
d. Amiri will prevail in a national origin discrimination claim if he uses the bona fide occupational qualification defense to show that his tattoo does not disrupt the dress code.
The following will hold true in this scenario Upper Elm County can defend itself against Amiri's claim if it can be shown that the tattoo overlaps with his religion.
What is religion?Religion is commonly defined as a social-cultural system of specified behaviors and practices, morals, beliefs, worldviews, texts, sanctified places, prophecies, ethics, or organizations that generally relate humanity to supernatural, transcendental, and spiritual elements; however, there is no scholarly agreement on what precisely constitutes a religion.
Amiri's accusation can be refuted by Upper Elm County because Title VII of the Civil Rights Act of 1964 permits dress codes. The Maori tribe member Amiri wants to work as a deputy sheriff in Upper Elm County.
Therefore, Thus option (B) is correct.
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Retailing is composed of all of the business activities that add value to the products and services customers buy. This includes:
Answer: Finance, purchasing, accounting, suppying
Explanation:
Retailing is known as a sub middleman in business that buys from the wholesaler and sells to the consumer in smaller quantity not as big as the wholesaler.
The following are activities of the retailer, although it might not be all followed by many retailers but depending on their ability and understanding
-Finance
-Purchasing
-Accounting
-Management Information System
-Supply management including warehouse and distribution management.
Retailing consists of a wide range of business activities that together add value to the products and services that customers buy. These activities are key to meeting customer needs and ensuring a smooth and satisfying shopping experience. Some of the key components of retail include:
1. Merchandising: Retailers engage in merchandising activities to prepare and present a diverse range of products and services to customers. This includes selecting, sourcing, pricing and displaying merchandise in a way that appeals to the target market.
2. Inventory Management: Retailers are responsible for managing inventory levels to ensure product availability to meet customer demand. This includes forecasting demand, optimizing inventory turnover and implementing efficient replenishment processes.
3. Store Operations: Day-to-day retail store operations include activities such as store layout and design, staffing, customer service, sales management, and security. These activities are essential to creating a pleasant and customer-friendly environment.
4. Marketing and Promotion: Retailers use various marketing strategies and promotional activities to attract customers, build brand awareness and promote sales. This includes advertising, public relations, social media marketing, loyalty programs and sales promotion.
5. E-commerce and Omni-channel retailing: With the rise of online shopping, retailers are engaging in e-commerce activities to provide convenience to customers in purchasing products online. They also adopt omnichannel strategies to integrate online and offline channels to create a seamless shopping experience.
6. Supply Chain Management: Retailers work closely with suppliers and distributors to ensure the efficient movement of products from manufacturers to stores or customers. Effective supply chain management includes logistics, warehousing, transportation and order fulfillment.
7. Customer Relationship Management (CRM): Retailers focus on building and maintaining strong relationships with customers through personalized service, loyalty programs and targeted marketing efforts. CRM helps retailers understand customer preferences, behavior and buying patterns.
Overall, retailing encompasses a complex set of activities aimed at delivering value to customers and promoting business success. It involves the integration of various features and strategies to create a positive and engaging retail experience for customers.
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Question 2. Small Town Sweets—audit planning analytics (4%)
Small Town Sweets is based in Molong, NSW, and produces a range of high-quality confectionery for the East Coast market. Small Town Sweets operates in a low-margin environment, which typically means that large volumes are required to cover overhead costs and generate profits. It also means that overheads need to be kept under control to ensure that a net profit is generated from its operations. Debt is also kept to a minimum to ensure that interest costs are low and that there is sufficient margin to protect solvency during downturns.
The company did not reach industry profitability benchmarks in the previous year and budgeted to do better in the current year. It thought that it could do so by keeping its costs down in relation to sales while allowing its gross margin to drop, evidently planning to generate a larger volume of sales. The company also planned to better manage its working capital by reducing inventory and accounts receivable levels, indicating that it expected to produce a healthy cash flow to enable it to do so. As part of the planning process MCA has produced the following analytical information:
Ratio Actual Budgeted Prior Year Industry
Return on equity % 12.9 16.6 14.8 15.5
Return on total assets % 10.7 14.2 13.1 14.5
Gross margin % 8.5 9.0 9.5 9.0
Marketing expense/sales % 2.6 1.8 2.0 2.2
Admin expenses/sales % 1.6 1.6 1.8 2.0
Interest coverage ratio 5.4 8.1 6.4 6.0
Days in inventory 33.1 30.4 31.1 30.0
Days in accounts receivable 50.0 48.0 49.7 45.0
Current ratio 1.3 1.2 1.2 1.5
Quick asset ratio 0.81 0.77 0.77 1.0
Debt to equity ratio 0.51 0.33 0.41 0.40
Required
With reference to ASA 315 and the information above, identify and justify:
the three ratios that would be of most interest in the planning of the audit.
the account balance that is most at risk for each ratio identified in 1.
the assertion most at risk for each account balance identified in 2.
Answer this question using the following headings:
1. Ratio
2. Account balance
3. Assertion
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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Roxanne is writing an email rejecting a customer’s refund claim for a faulty kitchen blender. Which statement makes a good buffer for Roxanne’s email?
A. We regret that we are not able to offer a replacement.
B. We are glad to hear from a loyal customer.
C. We have considered your request about the kitchen blender.
D. We see that you have used the blender for nine months.
E. We hope to continue serving you in the future with the best products.
The statement that makes a good buffer for Roxanne’s email is : We have considered your request about the kitchen blender.
What is an email?This is an electronic device, used for exchange of messages between a sender and a receiver. This device connects people together.
Hence, the statement that makes a good buffer for Roxanne’s email is : We have considered your request about the kitchen blender.
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Which scenario describes a student filing a permission request for an online source?
Answer: C
Explanation:
Answer:
C
Explanation:
jonesville produces widgets an gadgets, and its ppc is linear. it takes 5 hours of labor to produce a gadget and 10 hours of labor to produce a widget. suppose that jonesville has 100 hours of labor. what is the maximum number of widgets it can produce?
20 widgets
What is widgets?
A software widget is an application or component designed for one or more software platforms that is quite straightforward and simple to use. A desk tool or applet is an illustration of a straightforward, standalone user interface, as opposed to a more intricate application like a spreadsheet or word processor.
In order to quickly access specific information from apps without having to launch the program itself, widgets can be placed to your phone's home screen. The Calendar widget is one example, which provides you with a quick glance of the events on your calendar without requiring you to open the Calendar application.
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Home nations discourage foreign direct investment outflows because it ________.
Home nations discourage foreign direct investment outflows because it may negatively impact their economy and reduce job opportunities for their citizens.
When companies invest their funds in other countries, it means that they are creating jobs and boosting the economy of those countries. However, this may come at the expense of the home country's economy. This is because the outflow of investment reduces the amount of capital available for investment in the home country, and may lead to a loss of jobs and reduced economic growth. Additionally, foreign direct investment outflows may result in the transfer of knowledge and expertise to other countries, which can make them more competitive and leave the home country at a disadvantage. As a result, home nations discourage foreign direct investment outflows to protect their own economy and job opportunities.
When a country's companies invest in other countries through foreign direct investment, it can result in the transfer of financial resources, technology, and jobs from the home nation to the foreign countries. This may negatively impact the domestic economy by reducing investment in local industries, leading to lower economic growth, decreased job opportunities, and potential loss of technological advancements.
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hree blocks on a frictionless horizontal surface are in contact with each other, as shown in (figure 1). a force f⃗ f→ is applied to block aa (mass mama).
A force F is applied to block a (mass ma), the tension T is more than 100 N.To solve the given problem, we have to consider the forces acting on the three blocks. In (figure 1), the forces acting on the three blocks are displayed.
A force F is applied to block a (mass ma), and as a result of this force, block a experiences a forward force F. The remaining two blocks will encounter the same tension (T) in the opposite direction because the blocks are in touch with one another and are frictionless.To determine the tension T, we can use Newton's second law of motion that is Force = mass × acceleration.
But here we have to keep one thing in mind that as the surface is frictionless so the net force acting on the blocks in the horizontal direction is zero as there is no resistance to oppose the force of the applied force.So we can say that the force acting on the block A is equal to the tension in the string. That is;
F = T From the question, we know that T is more than 100N. So, we can conclude that the force F applied is also greater than 100 N.
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Larry lives in a rundown house next to the lot that Gus has claimed and is tired of the incessant noise coming from Gus's camper, including loud music and TV. In addition, Gus hosts crazy dance parties outside of his camper every night. This has been going on for three months, and Larry can't take it any longer. Gus's activities represent _____. trespass trespass nuisance nuisance negligence negligence fraud
Answer:
nuisance
Explanation:
Plz help!!!!!!!!!!!!! giving brainliest for correct answer!!! Which type of degree is earned after a master’s degree?
doctorate
secondary
bachelor’s
associate’s
Answer:
Doctorate. this helps :)
Explanation:
How did New Deal programs help the economy ?
The New Deal was a collection of government initiatives put into place by Franklin Delano Roosevelt with the goal of reestablishing economic stability in the US.
The programs' main goal was to help people affected by the Wall Street Crash and Depression find new jobs, make money, and get their lives back on track. However, they also assisted returning World War One soldiers, the elderly, widows, and other vulnerable groups with money problems, and stabilized the price of food. During the Great Depression, there was a high rate of unemployment and a weak economy. People lost their life savings once the banks fell (went bankrupt), which drastically reduced commerce and therefore, jobs.Those Mexicans and Mexican Americans who remained in the country were subjected to abject poverty and received scant aid from the New Deal, which frequently fell short of meeting the needs of agricultural laborers and people of color.
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One challenge faced by organizations is the need to focus on consumer needs while also ________ the interests of countless other people, groups, and forces that interact to shape the nature of its actions.
One challenge faced by organizations is the need to focus on consumer needs while also striking a balance among the interests of countless other people, groups, and forces that interact to shape the nature of their actions.
What does it mean to strike a balance?It is to have equal importance, it is a condition in which different things occurring have an equal or proper amount of importance.
An organization striking a balance is trying to do everything possible to meet people's demands and also overcoming various challenges that may want to influence it.
Therefore, One challenge faced by organizations is the need to focus on consumer needs while also striking a balance among the interests of countless other people, groups, and forces that interact to shape the nature of their actions.
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how does credit utilization affect your credit score?
According to the concept of the invisible hand, what emerges due to the self-interested
choices of buyers and sellers in a free market?
Answer: The invisible hand is a metaphor for how, in a free market economy, self-interested individuals can promote the general benefit of society at large.
the chi-squared test of independence only detects linear association between variables in a contingency table.
This statement is not entirely accurate.
The chi-squared test of independence is a statistical test used to determine if there is a relationship between two categorical variables in a contingency table.
It assesses whether the observed frequencies in the table are significantly different from the expected frequencies under the assumption of independence between the variables.
While the chi-squared test of independence is commonly used to detect linear associations between variables, it can also detect non-linear relationships. The test examines the overall pattern of frequencies in the contingency table, not just linear associations. It is capable of detecting any type of association between variables, including monotonic, curvilinear, and nonlinear relationships.
It is important to note that the chi-squared test of independence has limitations. It does not provide information about the strength or direction of the association between variables, nor does it establish causality. It simply determines whether there is evidence to reject the null hypothesis of independence. To assess the strength and nature of the relationship, additional analyses or alternative statistical tests may be needed.
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Which of the following are the phases of an effective strategy?
1.Alignment, Foundations, Sophistication, Formalize, Continuous improvement
2.Assessment, Foundations, Structure, Formalize, Continuous improvement
3.Assessment, Foundations, Sophistication, Formalize, Continuous improvement
4.Assessment, Foundations, Sophistication, Familiarize, Continuous improvement
The correct answer is option 3: Assessment, Foundations, Sophistication, Formalize, Continuous improvement.
The phases of an effective strategy are:
Assessment: This is the first step and involves evaluating the present situation of the company, including what is working, what is not, and why.
Foundations: This stage entails defining the fundamental principles of the company, such as its vision, mission, and values, as well as the strategy's guiding principles and objectives.
Sophistication: In this stage, the organization determines the most appropriate course of action based on the analysis of the data it has gathered in the assessment phase and the establishment of a structure for executing the strategy.
Formalize: In this stage, the organization documents the strategy, including its objectives, goals, and how it intends to accomplish them, as well as the metrics it will use to determine whether it is successful or not. Continuous
improvement: Finally, this stage entails continuously refining the strategy based on the results achieved, the feedback received, and the latest developments in the market and the organization's operating environment.
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Peru Industries began operations on January 1, 2020. During the next two years, the company completed a number of transactions involving credit sales, accounts receivable collections, and bad debts (assume a perpetual inventory system). These transactions are summarized as follows: 2020 a. Sold merchandise on credit for $2,300,000, terms n/30 (COGS = $1,270,000). b. Wrote off uncollectible accounts receivable in the amount of $35,000. c. Received cash of $1,370,000 in payment of outstanding accounts receivable. d. In adjusting the accounts on December 31, concluded that 1.5% of the outstanding accounts receivable would become uncollectible. 2021 e. Sold merchandise on credit for $3,010,000, terms n/30 (COGS = $1,637,000). f. Wrote off uncollectible accounts receivable in the amount of $54,500. g. Received cash of $2,270,000 in payment of outstanding accounts receivable. h. In adjusting the accounts on December 31, concluded that 1.5% of the outstanding accounts receivable would become uncollectible. Company uses the allowance method to account for uncollectible. Required: Prepare journal entries to record Peru's 2020 and 2021 summarized transactions and the adjusting entries to record bad debt expense at the end of each year. (Round your intermediate calculations and final answers to nearest whole dollar.) 2020
The journal entries will show a bad Debt Expense of$17,100 and an allowance for Doubtful Accounts of $17,100.
How to explain the entrya. Sold merchandise on credit for $2,300,000, terms n/30 (COGS = $1,270,000):
Accounts Receivable $2,300,000
Sales $2,300,000
Cost of Goods Sold $1,270,000
Inventory $1,270,000
b. Wrote off uncollectible accounts receivable in the amount of $35,000:
Allowance for Doubtful Accounts $35,000
Accounts Receivable $35,000
c. Received cash of $1,370,000 in payment of outstanding accounts receivable:
Cash $1,370,000
Accounts Receivable $1,370,000
d. Adjusting entry on December 31 to record estimated bad debt expense:
Bad Debt Expense $17,100 (1.5% of outstanding accounts receivable)
Allowance for Doubtful Accounts $17,100
The journal entries for 2020 transactions and adjusting entries for bad debt expense are as follows:
a. Accounts Receivable $2,300,000
Sales $2,300,000
Cost of Goods Sold $1,270,000
Inventory $1,270,000
b. Allowance for Doubtful Accounts $35,000
Accounts Receivable $35,000
c. Cash $1,370,000
Accounts Receivable $1,370,000
d. Bad Debt Expense $17,100
Allowance for Doubtful Accounts $17,100
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TYL's expected return is 15.78 percent while the expected market return is 11.34 percent with beta of 1.62. The risk-free rate of return should be ________.
A. 3.72 percent B. 4.18 percent C. 3.21 percent D. 2.99 percent
The risk-free rate of return can be calculated using the Capital Asset Pricing Model (CAPM). According to CAPM, the expected return on an investment is equal to the risk-free rate plus the product of the investment's beta and the market risk premium.
The market risk premium is calculated by subtracting the risk-free rate from the expected market return. So, the market risk premium is 11.34% - risk-free rate.
Using the formula: Expected Return = Risk-Free Rate + (Beta * Market Risk Premium)
We can rearrange the formula to solve for the risk-free rate:
Risk-Free Rate = Expected Return - (Beta * Market Risk Premium)
Given:
Expected Return = 15.78%
Expected Market Return = 11.34%
Beta = 1.62
Market Risk Premium = Expected Market Return - Risk-Free Rate
= 11.34% - Risk-Free Rate
Plugging in the values:
11.34% - Risk-Free Rate = 15.78% - (1.62 * (11.34% - Risk-Free Rate))
Now, let's solve the equation:
11.34% - Risk-Free Rate = 15.78% - 1.62 * 11.34% + 1.62 * Risk-Free Rate
11.34% - Risk-Free Rate = 15.78% - 18.34% + 1.62 * Risk-Free Rate
11.34% - Risk-Free Rate + 1.62 * Risk-Free Rate = 15.78% - 18.34%
0.62 * Risk-Free Rate = -2.56%
Risk-Free Rate = -2.56% / 0.62
Risk-Free Rate ≈ -4.13%
Since a negative risk-free rate doesn't make sense in this context, it is likely that there was an error in the calculations or provided information. Without further information, it is not possible to determine the correct answer. However, based on the given options, none of them seem to be a suitable choice.
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who is the first president is europe
Answer:
Walter Hallstein (1901–1982)
Explanation:
for 9 years
Firms engage in an activity called "forward pricing" when they establish, during the early stages of the learning curve, a price for their products that is lower than their actual costs, in anticipation of lower costs later on, after significant learning has occurred. Under what conditions, if any, does forward pricing make sense?
The learning curve refers to the rate of improvement in productivity that is achieved as experience with a product or service is gained. As a firm gains experience, it is able to produce goods or services more efficiently and at lower costs.
Forward pricing makes sense under the following conditions: Anticipated cost reductions: Firms expect that their production costs will decrease over time due to learning curve effects, economies of scale, or technological advancements, which will eventually enable them to cover the initially lower price with lower costs.
Market penetration: Firms aim to gain a significant market share or establish a strong presence in the market quickly. By offering a lower price, they can attract more customers and build brand loyalty.
High competition: In highly competitive markets, forward pricing can help firms differentiate themselves from competitors and increase their market share.
First-mover advantage: When firms introduce new products or technologies, forward pricing can help them build a customer base and establish a reputation for innovation before competitors enter the market.
Future profitability: Firms believe that the long-term benefits of forward pricing, such as increased market share and customer loyalty, will outweigh the initial losses due to selling below cost.
In summary, forward pricing makes sense when firms anticipate cost reductions, aim for market penetration, face high competition, seek a first-mover advantage, and expect long-term profitability.
Forward pricing can make sense under certain conditions. When a firm is operating in an industry where there is a steep learning curve, it can benefit from forward pricing.
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