Answer:
Nonverbal Communication
If a tour costs the tour operator $1,500 per person and the operator has a markup of 15 percent, how much would a pair of customers pay for tours?
$3,450
$300
$3,300
$3,000
What is characteristic of an organization in which salespeople do most or all of their own marketing?
independent
small size
nonprofit
private
Answer:
private
Explanation:
people are doing private marketing to earn money for themselves
what do you prefer Aldi or Lidl? and why?
Sabrina is trying to decide between opening an account at a local commercial bank or at her college credit union. What TRUE statement about these two institutions will BEST influence her decision?
A.
Since commercial banks are for-profit, they can often keep their costs down, which translates into higher interest rates for savings and lower rates on loans.
B.
Since credit unions are for-profit, they can often keep their costs down, which translates into higher interest rates for savings and lower rates on loans.
C.
Since commercial banks are nonprofit, they can often keep their costs down, which translates into higher interest rates for savings and lower rates on loans.
D.
Since credit unions are nonprofit, they can often keep their costs down, which translates into higher interest rates for savings and lower rates on loans.
Answer:
D.
Since credit unions are nonprofit, they can often keep their costs down, which translates into higher interest rates for savings and lower rates on loans.
Explanation:
I just took the test and got it right
A commercial bank is a type of financial institution that accepts public deposits and grants borrowers loans for profit-making investments and consumption. Hence option C is correct .
What are commercial bank or college credit union ?To distinguish it from a retail bank and an investment bank, it can alsorefer to a bank, or a section of a big bank, that works with corporations or a large/middle-sized firm. Public and private sector banks are both considered commercial banks.
Commercial banks' primary responsibility is to offer financial services to individuals and businesses in order to promote social and economic stability and long-term economic growth.
They are nonprofit, member-owned cooperatives that offer discounts and other member perks in exchange for their profits. For college students, a credit unionoffer some of the lowest interest rates available for all types of loans and credit. Additionally, they provide free and affordable checking and savings accounts.
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# SPJ 2
Brown Cow Dairy uses the aging approach to estimate bad debt expense. The ending balance of each account receivable is aged on the basis of three time periods as follows: (1) not yet due, $15,000; (2) up to 120 days past due, $8,000; and (3) more than 120 days past due, $3,000. Experience has shown that for each age group, the average loss rate on the amount of the receivables at year-end due to uncollectibility is (1) 3 percent, (2) 11 percent, and (3) 20 percent, respectively. At December 31 (end of the current year), the Allowance for Doubtful Accounts balance is $750 (credit) before the end-of-period adjusting entry is made. Data during the current year follow: a. During December, an Account Receivable (Patty's Bake Shop) of $700 from a prior sale was determined to be uncollectible; therefore, it was written off immediately as a bad debt. b. On December 31, the appropriate adjusting entry for the year was recorded. Required: 1. Give the required journal entries for the two items listed above. 2. Show how the amounts related to Accounts Receivable and Bad Debt Expense would be reported on the income statement and balance sheet for the current year.
Answer:
A1. Dr Allowance for doubtful accounts $700
Dr Account receivable $700
2. Dr Bad debt expense $1,180
Cr Allowance for doubtful accounts $1,180
B. Operating Expense
Bad debt expense $1,180
Current Assets
Accounts Receivable $24,070
Explanation:
A. Preparation of the journal entries for the two items
First step is to calculate the Allowance for doubtful account balance
Allowance for doubtful account balance = (15,000*3%+8,000*11%+3,000*20%)
Allowance for doubtful account balance =$450+$880+$600
Allowance for doubtful account balance =$1,930
Now let prepare the journal entries
1. Dr Allowance for doubtful accounts $700
Dr Account receivable $700
2. Dr Bad debt expense ($1,930-$750) $1,180
Cr Allowance for doubtful accounts $1,180
B. Calculation to Show how the amounts related to Accounts Receivable and Bad Debt Expense would be reported on the income statement and balance sheet for the current year
INCOME STATEMENT PRESENTATION
OPERATING EXPENSE
Bad debt expense $1,180
($1,930-$750)
BALANCE SHEET PRESENTATION
CURRENT ASSETS
Account receivable $26,000
($15,000+$8,000+$3,000)
Less: Allowance for doubtful accounts ($1,930)
Accounts Receivable $24,070
Therefore the amounts related to Accounts Receivable and Bad Debt Expense would be reported on the income statement and balance sheet for the current year as :
Operating Expense:
Bad debt expense $1,180
Current Assets:
Accounts Receivable $24,070
Two businesses operate in the same industry,one has an inventory turnoverperiod that is no longer than the industry average.The other has an inventories turnover period that is shorter than the industry average.What is the possible explanation for each business's inventories turnover period rations?
Answer:
1. The first business has just adequate inventory and sales volume to meet customer need
2. The second business has insufficient inventory and high sales volume.
Explanation:
Inventory turnover period is defined as the time it takes a business to completely sell off its inventory. It represents time before the business will need to replenish goods.
In the situation where inventory turnove rperiod is no longer than the industry average, it means that inventory is neither too much or too little but optimal for the customers.
Also it means there is an optimal sales volumes.
In the situation where inventories turnover period is shorter than the industry average. This implies that there is insufficient inventory or there is fast sales of products.
I am working on a new app what should i do should i call it, its a app to make new friends and not be lonely
Answer:
oh i will be your friend
Explanation:
Marge, a sports collector, puts an ad in her company's newsletter saying she would pay $400 for a specific Kobe Bryant rookie basketball trading card. She said she would pay the first person who accepted her offer by bringing her the card. Marge then decides she would rather buy some new shoes,and changes her mind about investing in the card. Marge posts a sign at her office's executive break room saying the offer is no longer valid. A foreman from a branch plant read the newsletter ad and drove two hours to the Chicago main office to see Marge. When he walked in her office and said "I've brought your card" she replied, "But I don't want it anymore." What result? Group of answer choices Since the contract was executory, she has no legal obligation to the foreman. Marge does not owe him any money because she had already revoked the offer. Based on promissory estoppel, Marge will have to pay the reasonable value of the card. Marge must pay him the $400 because he accepted the offer.
Answer:
Marge must pay him the $400 because he accepted the offer.
Explanation:
The correct option is - Marge must pay him the $400 because he accepted the offer.
Reason -
Since Marge first offered , so she has to give the foreman $400 because he accepted her offer of bringing the card.
15 POINTS
Describe the steps of the check clearing process.
Assume that your total cost per unit to make a snack is $4.50. Your company is using a cost-plus pricing strategy and would like to charge a 15% markup. Show your work to calculate the Selling Price of the snack as well as the Total Profit that would be made per unit. Show your work
Answer: See explanation
Explanation:
The selling price of the snack will be the addition of the cost plus the markup. This will be:
Cost per unit = $4.50
Markup percentage= 15%
Markup = Markup percentage × Cost
= 15% × $4.50
= 0.15 × $4.50
= $0.675
Then, selling price will be:
= $4.50 + $0.675
= $5.175 per unit
Profit = Selling price - Cost price
= $5.175 - $4.50
= $0.675 per unit
The profit is the markup price.
Monopolies are inefficient compared to perfectly competitive firms because monopolies produce output with average total cost exceeding average revenue produce output with average total cost exceeding average revenue A produce more output than is social desirable produce more output than is social desirable B charge a price less than marginal revenue charge a price less than marginal revenue C charge a price greater than marginal cost charge a price greater than marginal cost D charge a price less than average total cost
Answer:
C. charge a price greater than marginal cost charge a price greater than marginal cost
Explanation:
A monopoly exists when the person or the enterprise is the sole provider of the goods and commodities. The supplies have complete control of the market as they form a single entity. They are thus characterized by a lack of economic competition. Due to they are monopolies they change higher prices on the outputs rather than the average revenue. Hence are called price setters.When moving to a new rental, you'll likely need to pay a security deposit.
How much is this often?
A. $500.
B. 75% of one month's rent.
C. First and last month's rent.
D. Four months of rent.
Answer:First and last months rent
Explanation:
Emilia is studying global development, and in investigating underdevelopment in Africa, she turns to economist Jeffrey Sachs. She agrees with Sachs's point of view, that a. underdevelopment is an unsolvable problem because it is rooted in private property. b. the most important factor shaping Africa's history is governmental corruption. c. brutal as they may be, mass poverty and starvation help balance the human population. d. Africa's challenges include its geography and colonial legacies.
Answer:
d. Africa's challenges include its geography and colonial legacies
Explanation:
Jeffery Sachs is an economist and a worldwide expert on fight against poverty, economic, and sustainable development.
He believes Africa's challenges include its geography and colonial legacies
Colonial legacies have resulted in continued exploitation of the African continent through continued influence present government and as a result key policies.
Geographs of the continent also poses problems. The tropical weather results in low nutrient retention by the soil, therefore more effort is used to produce substantial agricultural output
Novak Corp. Has accounts receivable of $90,300 at March 31, 2022. Credit terms are 2/10, n/30. At March 31, 2022, there is a $2,284 credit balance in Allowance for Doubtful Accounts prior to adjustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. The company's estimates of uncollectibles are as shown below.
Answer:
Allowance for doubtful accounts balance as at March 31st 2022 is $10,056.
Explanation:
Novak Corp. already have a balance of $2,284 in allowance for doubtful account.
The increase in allowance for doubtful account is calculated as follows.
$61,700 * 2% = $1,234
$12,600 * 5% = $630
$9,200 * 28% = $2,576
$6,800 * 49% = $3,332
Total = $7,772
$7,772 + $2,284 = $10,056
what was the physical change that happens to Jodi’s character in Tall Girl? Movie
Jodi is very tall at around 6 foot 1, she is very self-concious about it and doesn't really know how it happened
(She assumes it was a gene that may have skipped a generation or two)
It may be a gene mutation, and she has no idea how exactly it happened. No one does.
Regarding product life cycles, good marketing managers know that: A. all new brands start off in the market introduction stage. B. product life cycles can be extended through product modifications. C. a product must pass through all the product life cycle stages. D. no strategy planning is needed during the sales decline stage. E. a firm should use penetration pricing during market introduction, especially if the cycle is expected to move slowly.
Answer:
B. product life cycles can be extended through product modifications.
Explanation:
A product life cycle can be defined as the stages or phases that a particular product passes through, from the period it was introduced into the market to the period when it is eventually removed from the market.
Generally, there are four (4) stages in the product-life cycle;
1. Introduction.
2. Growth.
3. Maturity.
4. Decline.
Regarding product life cycles, good marketing managers know that product life cycles can be extended through product modifications.
This ultimately implies that, marketing mix such as price, promotion, place and product can all be changed so as to impact or extend life cycle of a particular product.
Is financial analyst hard to study?
Financial analysts are reimbursed well. The median pay in 2010 was more than $74,000 annually, according to the most recent figures released by the U.S. Bureau of Labor Statistics. ... Working as a financial analyst is an extremely stressful career, defined by long work hours and high pressure levels.
It may be hard but not IMPOSSIBLE!
Best wishes! :)
The increase in prices in an economy over time is measured by the:
A. aggregate demand
B. gross domestic product
C. rate of inflation
D. unemployment rate
Ans C. the inflation rate
The inflation rate is the rate at which the general level of prices for goods and services is rising. If the price of a product is $X today and after a year if the price of that product is more than $X then it could be due to inflation effect, keeping other factors constant. Inflation leads to increase in price of products and services leading to decrease in their demands.
The increase in prices in an economy over time is measured by the Inflation, is an important indicator of the health of an economy, as it affects the purchasing power of consumers and the profitability of businesses. Therefore, option C is correct.
What is an inflation?Inflation refers to the sustained increase in the general level of prices for goods and services in an economy over time. In other words, it is the rate at which the purchasing power of a currency decreases over time.
Inflation can occur due to a variety of factors, such as an increase in the money supply, a decrease in the supply of goods and services, or an increase in demand for goods and services.
Inflation is typically measured by calculating the percentage change in the price level of a basket of goods and services over a period of time, such as a year or a quarter.
The rate of inflation is often used as an indicator of the health of an economy, with moderate inflation being considered healthy, while high or unpredictable inflation can have negative effects on the economy, such as reducing consumer purchasing power and increasing the cost of borrowing for businesses.
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The action of keeping financial accounts is called
PLEASE HELP
Answer:
How Accounting Works
Accounting is one of the key functions for almost any business. It may be handled by a bookkeeper or an accountant at a small firm, or by sizable finance departments with dozens of employees at larger companies. The reports generated by various streams of accounting, such as cost accounting and managerial accounting, are invaluable in helping management make informed business decisions.
Explanation:
I need help please. I just need verification if these are the right answers- if not, then please correct me.
Changes in the net working capital requirements: can affect the cash flows of a project every year of the project's life. only affect the initial cash flows of a project. only affect the cash flow at time zero and the final year of a project. are generally excluded from project analysis due to their irrelevance to the total project. reflect only the changes in the current asset accounts.
Answer:
can affect the cash flows of a project every year of the project's life.
Explanation:
Project management can be defined as the process of designing, planning, developing, leading and execution of a project plan or activities using a set of skills, tools, knowledge, techniques and experience to achieve the set goals and objectives of creating a unique product or service.
Cash flow can be defined as the net amount of cash and cash- equivalents that is flowing into (received) and out (given) of a business. There are three components of the cash flow;
1. Operating cash flow: all cash generated from the business activities of an organization.
2. Financing cash flow: all payments made by an organization and profits from issuance of debts and equity.
3. Investing cash flow: costs associated with purchasing of capital assets and investments of cash resources in other businesses.
Generally, changes in the net working capital requirements can affect the cash flows of a project every year of the project's life.
Mathematically, Net cash flow = Receipts - Total payments
Say you are grocery shopping and you come across an item for which the unit price is not labeled. How can you find the
unit price on your own?
Receiving constructive criticism with and
is the professional response to the situation.
A.gratitude
B.an open mind
C.suspicion
D.reluctance
(24^0)+(4^0). solve this problem fast
Answer:
your answer will be 2
Explanation:
hope it helps you..
Answer:
solution : -
[tex]24 {}^{0} + {4}^{0} [/tex][tex]1 + 1[/tex][tex]2[/tex]risk committee members
Answer:
....what's the question???
name four commercial services which are useful to a manufacturer
will give 41 points
C. now that company Z has a list of options for improvements, how can they use step three and four of the decision making process to solve some of their problems
D. The final step of the decision making process is very important what does this step offer for company z once they have made decisions and implemented them?
Steps 3 and 4 of the decision-making process allow the company Z to evaluate the best possible alternative based on the company's available resources. Also, step 6 allows you to evaluate that decision and learn from it.
What is the decision making process?The decision-making process is a set of actions that a company can take to improve some of its activities. Generally, the decision-making process is made up of the following 6 steps:
Identify the problem.Review the objective.Identify available resources.Identify possible alternatives.Make the most convenient decision.Execute, evaluate and learn.According to the above, steps 3 and 4, allow the company to identify the resources available to solve a problem and identify the alternatives to solve that problem with the available resources.
Additionally, step 6 allows you to implement the decision that they made and constantly improve by reviewing the results of that decision.
Note: This question is incomplete because there is some information missing. However, I can answer it based on my prior knowledge.
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Answer:
The first one is right... I got it right because of the first answer... thank you!
Explanation:
Ben was a salesperson for a manufacturing firm in the late 1920s. Which of the following would his employer most likely have asked him to do? a. Find out what customers really want and how the company can change its products to better meet customer needs. b. Simply take orders from customers and turn them in to the company. c. Nothing, because at this time production lagged well behind customer demand. d. Use high-pressure sales technique to sell more of the company's high production output. e. Develop long-term relationships with clients.
Answer:
d. Use high-pressure sales technique to sell more of the company's high production output.
Explanation:
In the 1920s there was a boom in the sales due to tariffs placed on goods from outside of the United States.
So there was more patronage for locally made products.
Marketing developed as a conscious strategy for businesses.
As a salesperson for a manufacturing firm in the late 1920s Ben will be accustomed to using high-pressure sales technique to sell more of the company's high production output.
This will be the most effective role for him.
Excelsior's Limited, a manufacturer of health and beauty aids, is expanding its presence in several countries around the world. Excelsior's president is surprised at some of the responses the company is receiving from other countries. France gave Excelsior's Limited permission to export its product as long as the company obtained a special license first. Excelsior has been waiting six months for the license and is wondering if it will ever arrive. Excelsior's Limited is experiencing a(n) ________.
Answer:
Administrative delay.
Explanation:
Trade can be defined as a process which typically involves the buying and selling of goods and services between a producer and the customers (consumers) at a specific period of time.
Licensure can be defined as the recognition (permission to practice) given to an individual by a regulatory agency or government for meeting a set of pre-defined requirements and after passing a license examination.
In this scenario, France gave Excelsior's Limited permission to export its product as long as the company obtained a special license first. Excelsior has been waiting six months for the license and is wondering if it will ever arrive. Thus, Excelsior's Limited is experiencing an administrative delay.
An administrative delay refers to the inability of a local firm to take actions on an application or service within a specific period of time due to circumstances beyond their control.
A firm has EBIT of $375,000, interest expense of $75,000, preferred dividends of $6,000 and a tax rate of 40 percent. The firm's degree of financial leverage at a base EBIT level of $375,000 is
Answer: 1.29
Explanation:
The following can be deduced from the question:
EBIT = $375000
Interest expense = $75000
EBT = EBIT - Interest Expense
= $375000 - $75000
= $300000
Before tax preference dividend
= Preferred dividend / (1 - Tax rate)
= 6000 / (1 - 40%)
= 6000 / 60%
= 6000 / 0.6
= $10000
The firm's degree of financial leverage will then be:
= EBIT / (EBIT - Interest expense - Before tax preference dividend)
= 375000 / (375000 - 75000 - 10000)
= 375000 / 290000
= 1.29
Therefore, the firm's degree of financial leverage is 1.29.
