Answer: False entries
Explanation:
False entries refers to the entries on the books of a company or a bank that is intentionally made as a form of deceit and false misinterpretation.
The intent of false entries is usually to defraud an organization. False entries is a punishable offence by law. Since Jolene recorded sales that was more than what she actually did, this is a false entry.
Entering records that shows that she had more sales than she actually did is called false entries.
What is false entries?This is the act of fraudulently entering data that does not actually exist on a record.
This is a fraudulent act that can cost her the job when discovered. It shows that she does not have respect for work ethics.
Read more on false entries here: https://brainly.com/question/1757297
describe five ways in which contract management might adds value after the contract award stage of the sourcing process.
Answer:
The five ways for contract management are:
1 - how buyer and supplier work after contract has been awarded.
2 - Key decisions made.
3 - Risk of misunderstanding and disagreement.
4 - Identify opportunities and improve performance.
5 - Performance evaluation against KPIs.
Explanation:
Contract management is essential for any business to succeed. There are five ways in which contract management will add value after contract award stage. Usually value addition is achieved by the response of buyer and seller towards the services after the contract has been awarded. There should be right individuals involved in decision making process. The performance should be evaluated against the KPI mentioned in the contract. If both supplier and buyer work with mutual understanding there is very less chance for disagreement and value will be added to the contract performance.
A company that sells multiple types of products has a selling price per composite unit of $150, variable cost per composite unit of $50 and total fixed costs of $25,000. The contribution margin per composite unit is $ .
Answer:
See below
Explanation:
With regards to the above information, the contribution margin is computed as seen below.
Contribution margin per composite unit = Selling price per composite unit - Variable cost per composite unit
= $150 - $50
= $100
Hence, the contribution margin per composite unit is $100
Gary is walking through his organization's buying process and has identified some additional steps that are needed in a B2B transaction. What would be included in those additional steps
Answer: order-routine specification
problem recognition
Explanation:
Business-to-business transactions occur when a business makes a transaction with another business. It should be noted that this takes place when the business is sourcing materials which will be used for their production process.
Since Gary is walking through his organization's buying process and has identified some additional steps that are needed in a B2B transaction, the additional steps should include the order-routine specification and the problem recognition.
When the pressure for local responsiveness is strong and the pressure for coordination is weak for multinational corporations in an industry, the industry will tend to become:___________
A) global
B) consolidated
C) multidomestic
D) risky
E) indigenous
Below is financial information for two sporting goods retailers. Extreme Sports Company operates a retail business and franchising business. At the end 2011, Extreme Sports had 263 Company-owned and 120 franchise-operated retail stores. Extreme's stores are located in suburban, strip mall and regional mall locations, the company operates in 32 states. All Sports Corporation sells sporting goods and related products at over 2,500 Company-operated retail stores.
Selected Data for All Sports and Extreme Sports (amounts in millions):
All Sports Extreme Sports
Sales $5,320 $1,344
Cost of Goods Sold 3,897 887
Interest Expense 138 43
Net Income 212 33
Average Accounts Receivable 114 18
Average Inventory 998 286
Average Fixed Assets 1,163 130
Average Total Assets 2,472 662
Average Tax Rate 40% 40%
Calculate the following ratios for All Sports and Extreme Sports: If required, round your answers to two decimal places.
Find the following for each: All Sports / Extreme Sports
a. Return on assets
b. Profit Margin for ROA
c. Assets turnover
d. Accounts receivable turnover
e. Inventory turnover
f. Fixed asset turnover
Answer:
All Sports Company and Extreme Sports Company
All Sports Extreme Sports
a. Return on assets (ROA) = Profit margin * Assets turnover
= 3.98%*2.15 2.46%*2.03
= 8.56% 4.99%
b. Profit Margin for ROA = Net income/Sales
= ($212/5,320 * 100) ($33/1,344 * 100)
= 3.98% 2.46%
c. Assets turnover = Sales/Total assets
= $5,320/$2,472 $1,344/$662
= 2.15 2.03
d. Accounts receivable turnover = Credit Sales/Average receivable
= $5,320/$114 $1,344/$18
= 46.67x 74.67x
e. Inventory turnover = Cost of goods sold/Average Inventory
= $3,897/$998 $887/$286
= 3.9x 3.10x
f. Fixed asset turnover = Sales/Fixed assets
= $5,320/$1,163 $1,344/$130
= 4.57x 1.03x
Explanation:
a) Data and Calculations:
All Sports Extreme Sports
Sales $5,320 $1,344
Cost of Goods Sold 3,897 887
Interest Expense 138 43
Net Income 212 33
Average Accounts Receivable 114 18
Average Inventory 998 286
Average Fixed Assets 1,163 130
Average Total Assets 2,472 662
Average Tax Rate 40% 40%
b) Take a real time example of a company which has formed a strategic alliance then talk about strategic relationships. What is their rate of success? Why do businesses develop strategic partnerships?
Answer:
c
Explanation:
In 2020, Susan retired from her active participation in a 50% owned restaurant business, which she owned for 20 years. Susan is also a material participant in a clothing store which she has a 50% ownership. Susan continues to actively participate in the clothing store in 2020. The restaurant generated an $80,000 loss, and the clothing store produced $150,000 in income in 2020. These amounts are Susan's share of each activity. Susan does not participate nor own any other business.
Question Completion with Options:
a. Susan cannot deduct the $80,000 loss from the restaurant because she is not a material participant.
b. Susan can offset the $80,000 loss against the $150,000 of income from the retail store.
c. Susan will not be able to deduct any losses from the restaurant until she has been retired for at least three years.
d. Assuming Susan continues to hold the interest in the restaurant, she will always treat the losses as active.
Answer:
Susan
b. Susan can offset the $80,000 loss against the $150,000 of income from the retail store.
Explanation:
Susan can offset the $80,000 loss from the restaurant business against the income from the retail store because she has been an active and material participant in both businesses. For the past 20 years, she had participated materially in the restaurant, only just retiring this year. At least, she has passed the material participant test, number 5.
Liz received an email from a long-term client informing her that they were planning to work with another advertising agency. Which response is the best application of the some post-event strategies of resilience?
Answer:
Review all email to see if the client was somehow offended. Then analyze listening skills to ensure the client's needs were met. Discuss with a mentor. If the relationship can't be salvaged, learn from the experience and move on.
Explanation:
Due to the fact that Liz received a mail from a long-time client who tells her they were planning on working with another advertising agency, the best response that is the best application of some post-event strategies of resilience are:
1. Reviewing past emails to see if they offend the client in any way
2. Analyse the listening skills to ensure that the client's needs were met
3. Discuss with a mentor
4. Learn from the whole experience
Using the information provided extract the necessary information and compute the Quick Ratio.
Current Assets $50, 000
Current Asset $25, 000
Inventory $ 5,000
Accounts Receivable $ 7,000
Notes Payable $8,000
Answer:
right option is d
account receivable $ 7, 000
Explanation:
I hope this question is helpful
please like comment
friend
Sunland Clothing Store had a balance in the Accounts Receivable account of $112000 at the beginning of the year and a balance of $88000 at the end of the year. Net credit sales during the year amounted to $3650000. The average collection period of the receivables in terms of days was
Answer:
10 days
Explanation:
Day's sales in receivables = (365 days × Average receivables) / Net sales
Day's sales in receivables = (365 days × $100,000) / $3,650,000
Day's sales in receivables = 10 days
• Note
Average receivables = (Beginning receivables + Ending receivables) / 2
= ($112,000 + $88,000) / 2
= $100,000
Therefore, the average collection period of the receivables in terms of days was 10days
Assume you set up a sole proprietorship and your lawyer tells you that as the owner, you could stand to lose your personal wealth if the business goes bankrupt. This means a sole proprietorship:
Answer:
Faces unlimited liability
Explanation:
From the question we are informed about instance, whereby you set up a sole proprietorship and your lawyer tells you that as the owner, you could stand to lose your personal wealth if the business goes bankrupt. In this case, it means a sole proprietorship Faces unlimited liability. Unlimited liability can be regarded as full legal responsibility that is been assumed for all business debts by business owners as well as partners . This liability cannot be regarded as capped, here there could be paying of obligations through the seizure as well as well as sale of personal assets of the owners, and this quit not the same as that of limited liability business structure.
MC Qu. 152 Adams Manufacturing allocates... Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning of the year, Adams estimated total overhead of $364,800; materials of $418,000 and direct labor of $228,000. During the year Adams incurred $426,000 in materials costs, $415,400 in overhead costs and $232,000 in direct labor costs. Compute the overhead application rate.
Answer:
$1.60 per direct labor hour
Explanation:
Overhead application rate = Budgeted Overheads ÷ Budgeted Activity
hence,
Overhead application rate = $364,800 ÷ $228,000
= $1.60 per direct labor hour
Sassy, Inc. needs $115 million to build a new distribution center. If it issues common stock to raise the funds, the issuance costs will be 8 percent of the total amount issued. If Sassy can issue stock at $40 per share, how many shares of common stock must be issued so that it has $115 million after flotation costs to use to fund the construction of the distribution center
Answer: 3,125,000 shares.
Explanation:
The number of shares of common stock that must be issued will be calculated as follows:
Let the amount to be raised be represented by x. Therefore,
x - (8% × x) = $115 million
x - (0.08 × x) = $115 million
x - 0.08x = $115 million
0.92x = $115 million
x = $115 million/0.92
x = $125 million
Then the number of shares that'll be issued will be:
= Amount raised / Issue price of stock.
= $125 million / 40
= 3,125,000 shares.
Financial statements that must be included in the annual report include all of the following except: _____________
a. the statement of cash flows
b. the balance sheet
c. the cash budget
d. the income statement
Answer:
c
Explanation:
E6-9 Littleton Books has the following transactions during May May 2 Purchases books on account from Readers Wholesale for $3,300, terms 1/10, n/30. May 3 Pays cash for freight costs of $200 on books purchased from Readers. May 5 Returns books with a cost of $400 to Readers because part of the order is incorrect. May 10 Pays the full amount due to Readers. May 30 Sells all books purchased on May 2 (less those returned on May 5) for $4,000 on account. Required 1. Record the transactions of Littleton Books, assuming the company uses a perpetual inventory system. 2. Assume that payment to Readers is made on May 24 instead of May 10. Record this payment.
Answer:
Littleton Books
Journal Entries:
May 2 Debit Inventory $3,300
Credit Accounts Payable (Readers Wholesale) $3,300
To record the purchase of books on account, terms 1/10, n/30.
May 3 Debit Freight-in $200
Credit Cash $200
To record the freight paid for the books of May 2.
May 5 Debit Accounts Payable (Readers Wholesale) $400
Credit Inventory $400
To record the return of some books.
May 10 Debit Accounts Payable (Readers Wholesale) $2,900
Credit Cash $2,871
Credit Cash Discounts $29
To record the full settlement on account, including discounts.
May 30 Debit Accounts Receivable $4,000
Credit Sales Revenue $4,000
To record the sale of books on account.
Debit Cost of goods sold $2,900
Credit Inventory $2,900
To record the cost of books sold.
May 24 Debit Accounts Payable (Readers Wholesale) $2,900
Credit Cash $2,900
To record the full settlement on account.
Explanation:
a) Data and Analysis:
May 2 Inventory $3,300 Accounts Payable (Readers Wholesale) $3,300
terms 1/10, n/30.
May 3 Freight-in $200 Cash $200
May 5 Accounts Payable (Readers Wholesale) $400 Inventory $400
May 10 Accounts Payable (Readers Wholesale) $2,900 Cash $2,871 Cash Discounts $29
May 30 Accounts Receivable $4,000 Sales Revenue $4,000
Cost of goods sold $2,900 Inventory $2,900
May 24 Accounts Payable (Readers Wholesale) $2,900 Cash $2,900
An overall management objective is to:
a. minimize the number of sales transactions
b. minimize the total amount of accounts receivable
c. minimize the time from the beginning of the selling process to the end of cash collections
d. maximize the amount of float
Answer:
c. minimize the time from the beginning of the selling process to the end of cash collections
Explanation:
Management does not aim to minimize sales transactions or total amount of accounts receivable. Neither does it aim, to hold excess cash through cash float. Management aims to minimize the time from the beginning of the selling process to the end of cash collections so as to be liquid and avoid bad debts.
The income expenditure model predicts that if the marginal propensity to consume is 0.75 and the federal government increases spending by $100 billion, real GDP will increase by:_______
a) $100 billion.
b) $750 billion.
c) $400 billion.
d) $300 billion.
Answer:
Option c ($400 billion) is the correct answer.
Explanation:
According to the question,
Government expenditure,
G = 100
Marginal propensity to consume,
c = 0.75
Now,
The autonomous spending multiplier will be:
⇒ [tex]\Delta Y = \frac{1}{1-c}\times \Delta G[/tex]
By substituting the values, we get
[tex]=\frac{1}{1-0.75}\times 100[/tex]
[tex]=4\times 100[/tex]
[tex]=400[/tex]
A 30-year maturity bond with face value of $1,000 makes annual coupon payments and has a coupon rate of 8%. (Do not round intermediate calculations. Enter your answers as a percent rounded to 3 decimal places.)
Answer and Explanation:
a. The yield to maturity is
Given that
FV = $1000,
PV = -$900
PMT = 80 (8% of $1,000)
NPER = 30
The formula is
=RATE(NPER,PMT,-PV,FV,TYPE)
after applying the formula, the rate is 8.97%
b. In the case when the bond is sold at par so this means that yield to maturity is equivalent to the coupon rate i.e. 8%
c. The yield to maturity is
Given that
FV = $1000,
PV = -$1100
PMT = 80 (8% of $1,000)
NPER = 30
The formula is
=RATE(NPER,PMT,-PV,FV,TYPE)
after applying the formula, the rate is 7.18%
An order for 140 units of Product A has been placed. There are currently 20 units of Product A on hand. Each Product A requires 3 units of Component B. There are 40 units of Component B on hand. What are the net requirements for Component B
Answer:
Order for unit B = 440
Explanation:
Given:
Order for unit A = 140 units
Units A in hand = 20 units
Units B in hand = 40 units
1 unit A required 3 units of B
Find:
Order for unit B
Computation:
Total unit of A = 140 + 20
Total unit of A = 160 units
Total unit B required = 160 x 3
Total unit B required = 480
Order for unit B = Total unit B required - Units B in hand
Order for unit B = 480 - 40
Order for unit B = 440
Assume that as their leader, you wanted to influence minimum wage earners in a plastic bottle recycling center to work faster. Which one or two influence tactics are likely to be effective
Answer:
An effective leader is one who is able to influence his team through his communication and interpersonal skills.
In order to achieve greater speed and productivity at work, some influencing tactics that can be effective in a recycling center where workers earn a minimum wage may be associated with the leader's ability to empathize with the team, recognizing the difficulties and challenges of the work, but acting in a comprehensive, ethical way and helping them in their demands, exercising practical leadership, where the leader is the first to set a positive example of what he wants to achieve.
To decrease the money supply, the Federal Reserve could a. decrease the required reserve ratio. b. conduct an open market purchase of U.S. Treasury securities. c. increase the discount rate. d. forbid the reselling of U.S. Treasury securities.
Answer: c. increase the discount rate.
Explanation:
The discount rate of a country is the rate at which the central bank in that country loans money out to the financial institutions.
When this rate is low, more financial institutions will borrow money as opposed to when it is high. Banks borrowing money increases the money supply in the economy so if the Federal Reserve wants to reduce money supply, it should increase the discount rate which would dissuade banks from borrowing from the Fed thereby limiting money supply.
For most goods in an economy, the primary signal that guides the decisions of buyers and sellers is a. quality. b. advertising.
Answer:
There will be more options than 2 of them. Probably it was a brainly error.
For most goods in an economy, the primary signal that guides the decisions of buyers and sellers is price.
Which of the following describes the tax advantage of a qualified retirement plan
Answer:
Qualified retirement plans give employers a tax break for the contributions they make for their employees. Those plans that allow employees to defer a portion of their salaries into the plan can also reduce employees' present income-tax liability by reducing taxable income.
Provides a way to accumulate substantial retirement income.
Those are some reasons, hope they helped!!
Explanation:
Which is a risk in IS development?
Answer:
Very simply, a risk is a potential problem. It's an activity or event that may compromise the success of a software development project. Risk is the possibility of suffering loss, and total risk exposure to a specific project will account for both the probability and the size of the potential loss.
ALAM BA YAN NG MAMA MO PURO KA BRAINLY TANGINAAAA MOOOO GAGOO KA!!!
Frans paid R9600 as interest on a loan he took 5 years ago at 16% rate. What's was the amount he took as loan?
[tex]\bold{{Answer}}[/tex]
Any choices?
The amount he took as loan was Rs.7680
What is loan?The term loan refers to a type of credit vehicle in which a sum of money is lent to another party in exchange for future repayment of the value or principal amount. In many cases, the lender also adds interest and/or finance charges to the principal value which the borrower must repay in addition to the principal balance. Loans may be for a specific, one-time amount, or they may be available as an open-ended line of credit up to a specified limit. Loans come in many different forms including secured, unsecured, commercial, and personal loans.
A loan is a form of debt incurred by an individual or other entity. The lender—usually a corporation, financial institution, or government—advances a sum of money to the borrower. In return, the borrower agrees to a certain set of terms including any finance charges, interest, repayment date, and other conditions. In some cases, the lender may require collateral to secure the loan and ensure repayment.
What are methods of calculating interest on loan?"The interest rate on loans can be set at simple or compound interest. Simple interest is interest on the principal loan. Banks almost never charge borrowers simple interest. For example, let's say an individual takes out a $300,000 mortgage from the bank, and the loan agreement stipulates that the interest rate on the loan is 15% annually. As a result, the borrower will have to pay the bank a total of $345,000 or $300,000 x 1.15. Compound interest is interest on interest and means more money in interest has to be paid by the borrower. The interest is not only applied to the principal but also the accumulated interest of previous periods. The bank assumes that at the end of the first year, the borrower owes it the principal plus interest for that year. At the end of the second year, the borrower owes it the principal and the interest for the first year plus the interest on interest for the first year."
To learn more about loan here
https://brainly.com/question/11794123
#SPJ3
Dake Corporation's relevant range of activity is 2,300 units to 5,500 units. When it produces and sells 3,900 units, its average costs per unit are as follows:
Average Cost per Unit
Direct materials $ 6.80
Direct labor $ 4.00
Variable manufacturing overhead $ 1.55
Fixed manufacturing overhead $ 2.50
Fixed selling expense $ 1.15
Fixed administrative expense $ 0.85
Sales commissions $ 0.95
Variable administrative expense $ 0.85
If 2,900 units are produced, the total amount of direct manufacturing cost incurred is closest to:
a. $39,875
b. $31,320
c. $35,815
d. $43,065
A bond has annual coupons, $1000 par value, 2 years to maturity, 8% coupons and a 6% yield. Calculate the Macaulay Duration. The settlement date (purchase date) is 1/1/2030 and maturity date is 1/1/2032.
Give your answer to two decimal place.
Answer:
The answer is "1.93 years".
Explanation:
[tex]Macaula \ \ duration \ \ \ \ \ \ \ \ \ \ 1000 \times 8\%\\\\[/tex]
[tex]years \ \ \ \ cash \ flows \ \ \ \ pv\ of \ 6\%\ \ \ \ present \ value \ \ \ \ current \ value \ \ \ \ pv/current \ value \ \ \ \frac{pv}{cp}\times t[/tex][tex]\$80.00\ \ \ \ \ \ \ 0.9434 \ \ \ \ \ \ \ \$75.472 \ \ \ \ \ \ \ \$1,036.67 \ \ \ \ \ \ \ 0.0728 \ \ \ \ \ \ \ 0.0728\\\\\$ 1,080.00 \ \ \ \ \ \ \ 0.8900 \ \ \ \ \ \ \ \$961.196 \ \ \ \ \ \ \ \$1,036.67 \ \ \ \ \ \ \ 0.9272 \ \ \ \ \ \ \ 1.8544\\\\[/tex]
[tex]\$ 1,036.668 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 1.92772\\\\[/tex]
that's why the Macaula duration is 1.93 years.
Seating Galore sells high-end desk chairs. The variable expense per chair is $85.05 and the chairs sell for $189.00 each. The variable expense ratio for Seating Galore's chairs is
Answer:
Variable expense ratio= 0.45
Explanation:
Giving the following information:
The variable expense per chair is $85.05 and the chairs sell for $189.00 each.
To calculate the variable expense ratio, we need to use the following formula:
Variable expense ratio= variable cost per unit / selling price
Variable expense ratio= 85.05 / 189
Variable expense ratio= 0.45
Edible Chemicals Corporation owns a $2 million whole life insurance policy on the life of its CEO, naming Edible Chemicals as beneficiary. The annual premiums are $72,000 and are payable at the beginning of each year. The cash surrender value of the policy was $22,000 at the beginning of 2018.
1. & 2. Prepare the appropriate 2018 journal entries to record insurance expense and the increase in the investment assuming the cash surrender value of the policy increased according to the contract to $28,200. The CEO died at the end of 2018.
Answer:
1. Dr Insurance expense $65,800
Dr Cash surrender value of life insurance $6,200
Cr Cash $72,000
2. Dr Cash $2000,000
Cr Cash surrender value of life insurance $28,200
Cr Gain on life insurance settlement $1,971,800
Explanation:
1. & 2. Preparation of the appropriate 2018 journal entries to record insurance expense and the increase in the investment
1. Dr Insurance expense $65,800
($72,000+$22,000-$28,200)
Dr Cash surrender value of life insurance $6,200
($72,000-$65,800)
Cr Cash $72,000
2. Dr Cash $2000,000
Cr Cash surrender value of life insurance $28,200
Cr Gain on life insurance settlement $1,971,800
($2000,000-$28,200)
Which of the following statements concerning the cash disbursements amount in the cash budget is true in a manufacturing setting, but not true a merchandise setting?
A. The cash disbursements amount includes planned disbursements for ending inventory.
B. The cash disbursements does not need to equal changes in finished goods inventory.
C. The cash disbursements amount is no longer based off of the purchasing budget.
D. The cash disbursements amount includes planned disbursements for conversion costs.
Answer: D. The cash disbursements amount includes planned disbursements for conversion costs.
Explanation:
Manufacturing companies have to set aside money for the conversion of raw materials into manufactured goods so there is a cash disbursement for conversion costs.
Merchandising companies on the other hand buy already made goods so they do not have to convert those. There will therefore be no conversion cost in a merchandising company and so no cash disbursement for same.