Answer: b. decrease production to maximize profit.
Explanation:
Economic theory holds that to maximize profits, one should produce at a level where Marginal cost equals Marginal revenue. At this point, resources are being utilized fully but anything past this point will result in MC > MR.
This company is past that point of production which is why they are in their current predicament. To solve this, they should decrease production till they get to a point where Marginal Revenue = Marginal cost.
On April 30 of the current year, Clean Carpets received a bank statement dated April 29. Information has been obtained from the bank statement and from the records of the business. Prepare a bank statement reconciliation. Use Apr. 30 of the current year as the date.
Answer:
Balance as per Checkbook balance is $2,091.15.
Explanation:
Note: This question is not complete. The complete question is therefore provided before answering the question as follows:
On April 30 of the current year, Clean Carpets received a bank statement dated April 29. The following information is obtained from the bank statement and from the records of the business.
Bank statement balance $1,812.00
Bank service charge 25.00
Outstanding deposit, April 29 805.10
Outstanding checks:
No. 475 325.95
No. 476 200.00
Checkbook balance on Check Stub No. 477 2,116.15
Prepare a bank statement reconciliation. Use April 30 of the current year as the date.
The required bank statement is now prepared as follows:
To do this, the statement of adjusted Checkbook balance is first prepared as follows:
Clean Carpets
Statement of Adjusted Checkbook balance at April 30
Particulars Amount ($)
Checkbook balance on Check Stub No. 477 2,116.15
Less:
Bank service charge (25.00)
Balance as per Checkbook balance 2,091.15
Therefore, the bank statement reconciliation is now prepared as follows:
Clean Carpets
Bank Statement Reconciliation at April 30
Particulars Amount ($) Total ($)
Balance as per Checkbook balance 2,091.15
Add:
Outstanding checks:
No. 475 325.95
No. 476 200.00 525.95
Less:
Outstanding deposit, April 29 (805.10)
Balance as per bank statement 1,812.00
Evaluate the extent to which Wal-Mart's previous revenue policy was consistent with the revenue recognition principle.
Answer:
Wal-Mart's previous revenue policy was inconsistent with the revenue recognition principle. It used to recognize revenue when performance obligations have not been met.
Explanation:
In response to SAB 101 issued by the Stock Exchange Commission in 1999, Wal-Mart changed its revenue recognition policy for layaway transactions. Layaway transactions are those in which Wal-Mart sets aside merchandise for customers who make partial payment. Before SAB 101, Wal-Mart recognized all revenue on the sale at the-time of the layaway. After the change, Wal-Mart does not recognize revenue until customers satisfy all payment obligations and take possession of the merchandise.
Identify at least four different types of financial statement users and discuss why each would use the financial statements.
Answer:
Government authorities :
They will use the financing statement to ensure the fairness of the business and to receive proper amount of tax.
Investors :
Current or potential investors would check financial statements to ensure they will suitable returns after investment.
Creditors :
They will check financial statements to make sure they get their due money back.
Employees :
The employees will ask for bonus if the company performance in statements is good,
In the _____________ stage of a project the product is delivered to the customer and resources are released from the project
Answer: closing
Explanation:
The project life cycle is referred to as a framework that shows how projects successfully move from the beginning to the end.
It is in the closing stage that the product will be delivered to the customer and the resources are released from the project.
Product is termed as the management term for the goods and services that are availed by the firm to the customer at the prevailing price in the market as per the affordability of the customers.
The correct answer is a closing stage.
The closing stage is termed as the stage in which the products or the projects both are withdrawn at the end of the events when the customer has been delivered with the desired goods and services.
The last stage of the project service life is really the Post Implementation Phase. Handing over deliverables to your customer, giving documents to the business, canceling supplier contracts, releasing workers and equipment, and notifying participants of the project's completion are all part of project closure.
To know more about the stages of the product and services that can be delivered, refer to the link below:
https://brainly.com/question/6508578
The Weimer Corporation wants to accumulate a sum of money to repay certain debts due on December 31, 2030. Weimer will make annual deposits of $185,000 into a special bank account at the end of each of 10 years beginning December 31, 2021. Assuming that the bank account pays 7% interest compounded annually, what will be the fund balance after the last payment is made on December 31, 2030
Answer:
FV= $2,400,927.92
Explanation:
Giving the following information:
Annual deposits= $185,000
Number of compounding periods= 9 years
Number of deposits= 10
Interest rate= 7%
To calculate the future value, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {185,000*[(1.07^9) - 1]} / 0.07 + 185,000
FV= $2,400,927.92
Question 3 of 10
If
you consistently work
your job.
it's possible that you will become burned out at
A. full time
B. undertime
C. overtime
D. part time
Answer:
C
Explanation:
The answer is C, as working full time is normal, part time is only just part time, and under time is not working a lot at all.
A loan officer at Southwest Bank is considering a loan application from Preferred Pet Care, Inc. He is concerned about the company's ability to make payments on the loan. The loan officer is likely to be interested in Preferred Pet Care's statement of cash flows True
Answer:
True
Explanation:
This is true, the loan officer would be interested in Preferred Pet Care's statement of cash flow. This statement basically gives the loan officer all of the required information regarding how much cash is entering and leaving the Pet Care's business. This, therefore, gives the loan officer an idea of how much profit the Pet Care business is making and that will determine whether or not they will be able to pay back the loan if it was granted to them. The statement will need to prove that the profit being generated is enough to pay back the loan without making the Pet Care business go into debt.
Assume that while the budget balance in Conania changes from positive to negative, capital inflow in Conania also decreases. How will this affect private investment spending in Conania
Answer and Explanation:
In the case when the budget balance of the Conania varies i.e. from positive to negative so the capital inflow would decrease
Now this impact private investment spending in such a way that the situation would become worst and this would lead a serious crowding effect that ultimately reduce the economy
Hence, the same is relevant
V. Wheat is the main input in the production of flour. If the price of wheat decreases, then we would expect:
1. Demand for flour to increase
2. Demand for flour to decrease.
3. Supply of flour to increase.
4. supply of flour to decrease
Answer:
3. Supply of flour to increase.
Explanation:
The situation above is showing a direct proportional relationship between the "wheat," as a main ingredient of flour, and the flour itself.
If the price of wheat decreases, suppliers will be interested in buying more of it in order to produce more quantities of flour at a lower cost because it will more likely lead to a higher profit. This will, therefore, increase the supply of flour in the market.
Assume the appropriate discount rate is 2% per period. The discount factor for a cash flow 10 periods from today is closest to
Answer:
Assume the appropriate discount rate is 2% per period. The discount factor for a cash flow 10 periods from today is closest to:
0.820.
Explanation:
The Discount Factor assigns some time-based weights to cash flows in order to determine the present value of future cash flows. It is calculated by adding the discount rate to one, which is then raised to the negative power of a number of periods. This implies that the use of the discount factor enables one to determine the present value of future cash flows, thereby reducing the future value to the present value. The discount factor can easily be found using the present value table.
Luther's Operating Margin for the year ending December 31, 2008 is closest to: Group of answer choices 0.5% 0.7% 5.4% 6.8%
Answer:
the operating margin is 5.4%
Explanation:
The computation of the operating margin is shown below:
As we know that
Operating Margin = Operating Income ÷ Sales
= $31.3 ÷ $578.3
= 5.4%
Hence, the operating margin is 5.4%
It could be determined by dividing the operating income from the sales
If the risk-free rate of interest (rf) is 6%, then you should be indifferent between receiving $250 today or:
Answer:
the indifference between receiving $250 today or is $235.85
Explanation:
The computation of the indifference between receiving $250 today or is shown below:
Here we determine the present value
= Amount ÷ (1 + risk free rate of interest)
= $250 ÷ (1 + 0.06)
= $250 ÷ 1.06
= $235.85
Hence, the indifference between receiving $250 today or is $235.85
The same is relevant and considered too
On 1/1/27, Frankfort Company sold 100 components at $700 each. All sales were cash sales. Estimated total cost servicing the components was $1,300 each year of the three-year-warranty. Frankfort spent $1,400 servicing the components in 2027. This is considered an assurance-type warranty. Using the Expense Warranty approach, what is the 12/31/27 Warranty Liability
Answer:
the 12/31/27 Warranty Liability is $2,500
Explanation:
An assurance type warranty gives a customer assurance that the Good or Service will function or work as intended.
There is no option on the customer to take the warranty or not. Therefore, an assurance type warranty is not a separate performance obligation for revenue recognition.
Assurance type warranties are accounted for in terms of IAS 37 : Provisions.
Entries that Frankfort Company will have made Using the Expense Warranty approach will be :
Date : 1/1/27
Debit : Warranty Expense $1,300
Credit : Warranty Provision $1,300
Providing for amount it will cost the entity in 2027
Date : 12/31/27
1st increase the provision
Debit : Warranty Expense $100
Credit : Warranty Provision $100
then utilize the provision
Debit : Warranty Provision $1,400
Credit : Cash $1,400
When warranty claim is subsequently received
Conclusion :
Warranty liability remaining = $3,900 - ($1,300 + $100)
= $2,500
On July 1, a company paid the $3,360 premium on a one-year insurance policy with benefits beginning on that date. What will be the insurance expense on the annual income statement for the first year ended December 31
Answer:
$1,680
Explanation:
Based On the information given if on July 1 the company paid the amount of $3360 as a premium on a year insurance policy which as well include benefits beginning on that date, What will be the insurance expenses on the annual income statement for the first year ended December is $1,680 Calculated as:
Insurance expenses=6/12*$3360
Insurance expenses=$1,680
Therefore What will be the insurance expenses on the annual income statement for the first year ended December is $1,680
If the demand for a product decreases, what is likely to happen?
A.
The supply is likely to increase.
B.
The demand is likely to be inelastic.
C.
The price is likely to increase.
D.
The price is likely to decrease.
Please select the best answer from the choices provided
A
B
C
D
Answer:
The answer is D
Explanation:
It's D because it's demand not quantity demanded
A study of college graduates involves three variables: income level, job satisfaction, and one-way commute times to work. List some ways the variables might be confounded. (Select all that apply.)
Answer:
One-way commute times may be long because affordable housing is distant from the job.
A working spouse could affect all three variables.
People might be very satisfied with their career as long as the income is high.
People may have a career following their passion, but have a low income or a long commute.
Explanation:
As we know that the study in college for graduation generally includes the three types of variables i.e. level of the income, job satisfaction and the one way commute
Now there are some ways that may be cofounded such as the one way commute could belong as if the house is far from the job, for the working spouse the above three variables could be impacted, when the income of the people are high they feel very satisfied and they follow their passion but they have the low income or long commute travelled at the same time
what my friend sent me ;-;
(sorry if its blurry)
A laptop assembly plant needs to increase its productivity in a competitive business environment while also reducing the number of workers and resources associated with the production process. The strategy that this company should use is called:
Answer:
an output-based approach
Explanation:
In this scenario, the company should use an output-based approach. This is any approach whose decisions revolve around cutting down costs while at the same time increasing production. Therefore, drastically increasing the plant's efficiency. The more products that are created the more income that the plant can generate. If the costs are also cut down this income becomes more profit for the company. This is exactly what the laptop assembly plant needs to compete in this market.
The marketing activity that receives the most attention from those concerned with ethical considerations is product strategy, but promotion, marketing research, and pricing also get their share of attention. True False
Answer:
True.
Explanation:
This statement is true, due to the fact that the marketing activities whose competences are ethical considerations, encompass the product strategy as a focus, but also the promotion, marketing research and prices. Ethical considerations in relation to the marketing of a product, means that the product will meet the demands of consumers and satisfy their wants and needs along with the ethical considerations contained in the product. As an example we can mention a makeup company that uses stamps that do not perform tests on animals and uses biodegradable packaging, this company is attesting to consumers ethical values required by its potential audience, so research is needed to identify what their customers' demands are , price strategy in product development and commercialization, etc.
As long as price is sufficient to cover ________, the firm is better off by operating rather than by shutting down. A) marginal cost B) average fixed cost
Answer:
A
Explanation:
A firm should shutdown if its price is below average variable cost or marginal cost.
Marginal cost is the change in cost as a result of increasing output by one unit.
Ivanhoe, Inc. estimates the cost of its physical inventory at March 31 for use in an interim financial statement. The rate of markup on cost is 20%. The following account balances are available: Inventory, March 1 $540000 Purchases 420000 Purchase returns 10000 Sales during March 720000 The estimate of the cost of inventory at March 31 would be $240000. $350000. $230000. $360000.
Answer:
$ 410,000
Explanation:
Mark Up = 20% or 1/5
Therefore margin = 1/ 5 -1 = 1/4
Trading Account for the Month Ended March 31
Sales 720000
Less Cost of Sales
Opening Inventory $540000
Add Purchases 420000
Less Purchases Returns (10000)
Less Closing Inventory 410,000 540,000
Gross Profit 180,000
If the contribution margin ratio is 45%, target operating income is $50,000, and the sales revenue needed to achieve the target operating income is $300,000, what are total fixed expenses
Answer:
$85,000= fixed costs
Explanation:
Giving the following information:
Contribution margin ratio= 0.45
Desired profit= $50,000
Break-even point in sales with desired income= $300,000
To calculate the fixed costs, we need to use the following formula:
Break-even point (dollars)= (fixed costs + desired profit) / contribution margin ratio
300,000 = (fixed costs + 50,000) / 0.45
135,000 - 50,000 = fixed costs
$85,000= fixed costs
"Tom, at Bode Corporation we align our individual goals with the company's goals.
That is, as managers, we use
to drive ourselves and our employees
to accomplish key goals that are linked with the company's success," said Tom's new
CEO.
remuneration
contingency management
quantitative management
management by objective
time-and-motion studies
The divisions of a corporation, working together, accomplished an ROI that is greater than they did when each division worked independently. This corporation is said to have achieved ________.
Answer:
Synergy
Explanation:
Each of these division have now come together and have achieved more than they used to get independently.
This means that they have achieved synergy. Synergy occurs when two companies merge together, as in the case of this two divisons, and by merging they accomplish more together than they would have accomplished apart. synergies can be achieved through the creation or combination of products or markets.
If you wish to accumulate $150,000 in 10 years, how much must you deposit today in a bank account that pays an annual interest rate of 12%
Answer:
PV= $48,295.99
Explanation:
Giving the following information:
Future Value (FV)= $150,000
Number of periods (n)= 10 years
Interest rate (i)= 12% = 0.12
To calculate the initial investment (PV), we need to use the following formula:
PV= FV / (1+i) n
PV= 150,000 / (1.12^10)
PV= $48,295.99
In China, suppose GDP per capita grows by 6.0% per year for 27 years . By how many times does this economy grow
Answer: 4.82 times
Explanation:
GDP grows by 6.0% for 27 years. To find out how many times it will grow by, use the following:
= (1 + growth rate) ^ no. of periods
= (1 + 6%)²⁷
= 4.8223
= 4.82 times
LPC issued the bonds: Multiple Choice Cannot be determined from the given information. At par. At a premium.
Answer:
At a premium
Explanation:
As in the question it is given that
The issued price is $207,020
And, the face value is $200,000
So as we can see that
The issued price i.e. $207,020 is more than the face value i.e. $200,000
So the bond is issued at a premium also the difference of $7,020 would be transfer to the premium account
Which of the following is NOT one of the suggested steps for time management? a. Work on tasks in order of importance b. Identify trivial activities c. Make a list every morning d. Impression management
Answer:
d. Impression management
Explanation:
In order to effectively manage ones time, it is important make a list of tasks and to order the tasks in order of importance. This would ensure that the most important tasks are done first.
It is also important to identify trivial tasks. Trivial tasks can be identified and eliminated.
Canon was able to redesign the copying machine so that it didn't need professional service—reliability was built directly into the machine, and the user could replace parts, such as the cartridge. What Xerox had not envisioned was the possibility that the components of the copying machine could be put together in an altogether different way that was more user-friendly. This example describes:______
a. architectural innovation.
b. incremental innovation.
c. radical innovation.
d. disruptive innovation.
Answer:
a. architectural innovation.
Explanation:
From the question we are informed about Canon who was able to redesign the copying machine so that it didn't need professional service—reliability was built directly into the machine, and the user could replace parts, such as the cartridge. What Xerox had not envisioned was the possibility that the components of the copying machine could be put together in an altogether different way that was more user-friendly. In this case This example describes architectural innovation.
Architectural innovation can be regarded as innovation of an architecture which involves
reconfiguration of products technology that has been in existence so that improvement can be made. It is way to innovate products that can undergo changes as well as modified one that has its components link together.
How much can Jeff claim as an itemized deduction for taxes paid if he paid the following in 2019: (state income tax withheld of $5000; real estate taxes of $3500; personal property taxes based on value of his car of $1000, state income tax owned for 2016 of $450; and gas tax of $675)
Answer:
The maximum state and local tax deduction is $10,000 for all combined state and local taxes paid during the year. That is the maximum amount that Jeff would be able to deduct if he itemizes. In this case, the maximum deduction would be = $5,000 + $3,500 + $1,000 + $450 = $9,950.
Unless Jeff has other applicable deductions, he would be better off by taking the standard deduction.