Answer:
b
Explanation:
A firm buys on terms of 2/8, net 45 days, it does not take discounts, and it actually pays after 63 days. What is the effective annual percentage cost of its non-free trade credit? (Use a 365-day year.)
The effective annual percentage cost of its non-free trade credit is 13.08%/
Here, we are to calculate the effective annual percentage cost.
Given Information
Discount % = 2%
Discount Days = 8
Net Days = 45
Actual days = 68
Nominal % cost = Disc. %/(100 – Disc. %) × (365/(Actual days – Disc. days)
Nominal % cost = 2 /(100 - 2) * 365/(68 -8)
Nominal % cost = 2 /98 * 365/60
Nominal % cost = 0.0204081 * 6.083333
Nominal % cost = 0.1241496
Nominal % cost = 12.41%
n = 365/(63 - 8) = 6.64
Effective annual rate = (1 + Nominal % rate/n)^ n – 1
Effective annual rate = (1 + 0.1241/6.64)^6.64 - 1
Effective annual rate = 1.13083302405 - 1
Effective annual rate = 0.13083302405
Effective annual rate = 13.08%
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Can anyone help me with this accounting question? Im confused with the question
Answer:
what the heck
Explanation:
is this englesh
Ahoy do you need your rate of return to be greater than inflation
I hope that if you graduate, what can you do for this company better?
Answer:
I be confident for your company
Click on the Bloomberg
screen to examine refining
margins for US Mid-Continent
Topping refineries. What is the
overall margin trend across all
crude oil grades?
Answer:
It is mostly declining
Explanation:
..
US refining margins mostly trended slightly lower for the week ended April 23 but recovered from a midweek slump on a rosier picture for transportation fuels going forward, ending the week on an upward trajectory, and analysis from S&P Global Platts showed on April 26.
What does OPEC mean?
The Organization of the Petroleum Exporting Countries (OPEC) is a permanent, intergovernmental Organization, created at the Baghdad Conference on September 10–14, 1960, by Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela.
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which of the following sentence ls use active voice
Answer:
Where is the picture
Explanation:
what are the conflict management styles and dispute resolution mechanism
Answer:
Five styles for conflict management, as identified by Thomas and Kilmann, are: competing, compromising, collaborating, avoiding, and accommodating. Businesses can benefit from appropriate types and levels of conflict. That is the aim of conflict management, and not the aim of conflict resolution1. Compute component percentages for Year 2. (Enter your answers as a percentage rounded to 2 decimal places (i.e. 0.1234 should be entered as 12.34).)
The percentage for the cost of sales is 65.21% in 2015. The percentage for the cost of sales is 65.41% in 2014.
It should be noted that the percentage for the cost of sales in 2015 was calculated as:
= Cost of sales / Net sales
= 36665/56223 = 65.21%
The percentage for the cost of sales in 2014 was calculated as:
= Cost of sales / Net sales
= 34941/53417 = 65.41%
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Individual consumers are considered as:
communication
possible customers
competition
demographics
B. Possible customers
purpose of business functions
Answer:
Business functions provide the vocabulary and framework needed to provide an enterprise-wide view of the business activities. They help to identify the main activities of the organization
purpose of business functions.
Business functions provide the vocabulary and framework needed to provide an enterprise-wide view of the business activities. They help to identify the main activities of the organization.#CarryOnLearning
One way to gain information is by participating in trade fairs and trade missions.
a. True
b. False
Answer: true
Explanation: source from https://www.business.qld.gov.au/running-business/marketing-sales/marketing-promotion/show-exhibition/benefits
Trade shows are generally targeted at an industry and people involved or interested in that industry. Exhibiting at a trade show can be a great way to advertise to a target market and create brand awareness.
Exhibitions are open to a large and sometimes diverse range of audiences (usually the general public). This provides you with a platform to promote your product or service to a broader group that may have little or no knowledge of your products and services.
Depending on your type of business, product and market testing can be carried out at trade shows and exhibitions to gain industry or general opinion about your offering.
Being involved in a trade show or exhibition can provide you with opportunities to branch out to business-to-business trading and create a customer database from the visitors to your display booth.
Boreki Enterprise has the following 10 items in inventory. Theodore Boreki asks you a recent OM graduate to divide these item into ABC classification. Fill in the blanks and then answer the following questions. round dollar volume to the nearest number and percentage of dollar volume to two decimal places.
Item Annual Demand Cost\Unit Dollar Volume % of Total Dollar Volume
A2 3500 50 ___ ___
BB 4000 12 48,000 4.89
CT 1500 45 67,500 6.60
D1 6000 20 _____ _____
E9 1000 20 20,000 1.95
F3 500 500 ____ _____
G2 200 1500 300,000 29.34
H2 600 20 12,000 1.17
I5 1750 10 ____ ___
J8 2500 5 12,500 1.22
Based on the percentages of dollar volume, Item A2 should be classified as _____.
1. The blanks are filled with the correct values and each item classified according to the ABC classification as follows:
A - outstandingly important
G2 200 1500 300,000 37.62%
A2 3500 50 175,000 21.94%
D1 6000 20 120,000 15.05%
B - of average importance
CT 1500 45 67,500 8.46%
BB 4000 12 48,000 6.02%
C - relatively unimportant
F3 500 500 25,000 3.13%
E9 1000 20 20,000 2.51%
I5 1750 10 17,500 2.19%
J8 2500 5 12,500 1.57%
H2 600 20 12,000 1.50%
2. Item A2 is classified as A - outstandingly important.
Data and Calculations:
Item Annual Demand Cost\Unit Dollar Volume % of Total Dollar Volume
A2 3500 50 175,000 21.94%
BB 4000 12 48,000 6.02%
CT 1500 45 67,500 8.46%
D1 6000 20 120,000 15.05%
E9 1000 20 20,000 2.51%
F3 500 500 25,000 3.13%
G2 200 1500 300,000 37.62%
H2 600 20 12,000 1.50%
I5 1750 10 17,500 2.19%
J8 2500 5 12,500 1.57%
Total Dollar Volume 797,500 100%
Percentages of dollar = Dollar Volume/Total Dollar Volume x 100
Thus, based on the percentages of dollar volume, Item A2 should be classified as A - outstandingly important.
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Lansing Company’s current-year income statement and selected balance sheet data at December 31 of the current and prior years follow. LANSING COMPANY Income Statement For Current Year Ended December 31 Sales revenue $ 130,200 Expenses Cost of goods sold 53,000 Depreciation expense 17,500 Salaries expense 29,000 Rent expense 10,100 Insurance expense 4,900 Interest expense 4,700 Utilities expense 3,900 Net income $ 7,100 LANSING COMPANY Selected Balance Sheet Accounts At December 31 Current Year Prior Year Accounts receivable $ 6,700 $ 8,000 Inventory 3,080 2,090 Accounts payable 5,500 6,800 Salaries payable 1,100 810 Utilities payable 440 270 Prepaid insurance 370 500 Prepaid rent 440 290
Required:
Prepare the cash flows from operating activities section only of the company's 2017 statement of cash flows using the indirect method.
From the computation that was done, the value of the cash flow from operating activities will be $30430.
Net income = $7100
Add: Interest expense = $4700
Add: Depreciation = $17500
Account receivable = $8000 - $6700 = $1300
Inventory = $2090 - $3080 = - $990
Prepaid insurance = $500 - $370 = $130
Prepaid rent = $290 - $440 = -$150
Utilities payable = $270 - $440 = -$170
Accounts payable = $6800 - $5500 = $1300
Salaries payable = $810 - $1100 = $290
Cash flow from operating activities = $30430
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The purpose of the cash flow statement is to:
To give a detailed breakdown of key items shown in the primary financial statements
Show where the business's cash has come from and where it has been spent
Show, at a particular date, the sources of funds provided to a business by shareholders and others and how these funds have been used
Show the revenues, expenses and operating profit for the financial year
The purpose of the cash flow statement is to show where the business's cash has come from and where it has been spent.
What is a cash flow statement?A cash flow statement is a type of financial statement that gives total information about all of the cash inflows a business makes from continuing activities and outside investment sources. It also includes any cash outflows made within a specific time period to cover investments and business expenses.
The financial statements of a firm give investors and analysts a picture of all the business transactions that take place, where each transaction helps the company succeed. Because it tracks the cash generated by the business in three key ways—through operations, investments, and financing—the cash flow statement is seen to be the most understandable of all the financial statements.
The cash flows from operating activities (CFO) portion of the cash flow statement contains transactions from all operational business activities. The net income is the starting point for the cash flows from operations segment, which subsequently reconciles all non-cash items to cash items comprising operational activities. In other words, it is the business's net income, but expressed in cash.
The cash flows from investing (CFI), which are the outcome of investment gains and losses, are examined in the second section of the cash flow statement. Cash spent on real estate, machinery, and equipment is also included in this part. In this section, analysts search for variations in capital expenditures.
The cash flow statement's final section is titled cash flows from financing (CFF). An overview of how cash is used in business finance is given in this section. It gauges the movement of money between a business's owners and creditors, and its funding typically comes from debt or equity. When the cash flow from finance is positive, more money is coming into the business than is leaving it. If the number is negative, it could indicate that the business is repurchasing stock or paying down debt.
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Integrating 160 different nationalities into one
corporation, such as The Emirates Group, has
challenges and opportunities. What challenges
do you see? What opportunities come from this
diverse workforce?
Answer:
6/7okay
hi
288+287299(
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The integration of different nationalities in a corporation, such as The Emirates Group, can have the advantages of increasing knowledge and innovation.
The disadvantages of this type of commercial integration can be related to cultural and adaptive differences among workers.
What are the challenges of a multicultural environment?Globalization has tightened social and economic relationships between nations, making work environments multicultural, which is positive for increasing creativity, but there are several challenges that must be managed such as:
Language barriersEthicIndividual valuesTherefore, it is essential that in a multicultural corporation, there is a focus on promoting cultural skills and ethics as guides for actions in micro and macro environments.
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What Do You Need To Know About Taxi To Heathrow?
Grady, Inc. manufactures model airplane kits and projects production at 650, 500, 450, and 600 kits for the next four quarters. Direct materials are 4 ounces of plastic per kit and the plastic costs $1 per ounce. Indirect materials are considered insignificant and are not included in the budgeting process. Beginning Raw Materials Inventory is 850 ounces, and the company desires to end each quarter with 10% of the materials needed for the next quarter’s production. Grady desires a balance of 200 ounces in Raw Materials Inventory at the end of the fourth quarter. Each kit requires 0.10 hours of direct labor at an average cost of $10 per hour. Manufacturing overhead is allocated using direct labor hours as the allocation base. Variable overhead is $0.20 per kit, and fixed overhead is $165 per quarter. Prepare Grady’s direct materials budget, direct labor budget, and manufacturing overhead budget for the year. Round the direct labor hours needed for production, budgeted overhead costs, and pre-determined overhead allocation rate to two decimal places.
Refer to the budgets prepared. Determine the cost per kit to manufacture the model airplane kits. Grady projects sales of 100, 150, 100, and 200 kits for the next four quarters. Prepare a cost of goods sold budget for the year. Grady has no kits in beginning inventory.
Grady, Inc.'s Direct Materials Budget, Direct Labor Budget, and Manufacturing Overhead Budget for the year are as follows:
Direct Materials Budget
Quarter 1 Quarter 2 Quarter 3 Quarter 4 Total
Projected production 650 500 450 600 2,200
Ounces of plastic per kit 4 4 4 4 4
Total materials required 2,600 2,000 1,800 2,400 8,800
Ending materials inventory 200 180 240 200
Raw materials available 2,800 2,180 2,040 2,600
Beginning materials inventory 850 200 180 240
Purchases of raw materials 1,950 1,980 1,860 2,360
Cost of materials purchased $1,950 $1,980 $1,860 $2,360 $8,150
Direct Labor Budget
Quarter 1 Quarter 2 Quarter 3 Quarter 4 Total
Projected production 650 500 450 600 2,200
Hours per kit 0.10 0.10 0.10 0.10 0.10
Total direct labor hours reqd. 65 50 45 60 220
Average cost per hour $10 $10 $10 $10 $10
Total direct labor cost $650 $500 $450 $600 $2,200
Manufacturing Overhead Budget:
Variable overhead $130 $100 $90 $120 $440
Fixed overhead $165 $165 $165 $165 $660
Total manufacturing o/h $295 $265 $255 $285 $1,100
Manufacturing overhead/unit $0.45 $0.53 $0.57 $0.475 $0.50
Cost per Kit:
Direct materials cost per unit = $4.00
Direct labor cost per unit $1.00
Manufacturing overhead $0.50
Cost per kit = $5.50
Cost of goods sold budget for the year:
Quarter 1 Quarter 2 Quarter 3 Quarter 4 Total
Quarter Sales 100 150 100 200 550
Cost per unit $5.50
Cost of goods sold $550 $825 $550 $1,100 $3,025
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A thief stole Art's checkbook and forged Art's name as drawer of a check. The drawee paid the check in good faith and sent it to Art with the monthly statement on January 3, 2013. The thief forged other checks during February and March of 2013, which the drawee in good faith paid. All paid checks were sent to Art with monthly statements. On May 25, 2014, Art discovered all of the forgeries and notified the drawee. For which check(s) is Art entitled to be reimbursed
Based on the explanation given in the scenario, since, the drawee repeatedly followed protocol for every transaction performed, then Art's entitlement to reimbursement would be valid for none of the cheques.
The bank would not be held responsible for carelessness of the drawer and his failure to report vulnerabilities to his/her account. Since the thief was able to successfully forge Art's signature, then it is imperative that the drawer is paid. Transaction notification and statement were sent after each transaction and still Art made no report or compliant, hence, the bank would not be liable for any of his losses.Hence, None of the withdrawals will be reimbursed.
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des
11. Ashleigh has a pet boa constrictor named
Pauline. She keeps it in the most expensive,
escape-proof cage she can find. Regardless,
the boa escapes and kills the neighbor's famed
show cat which was valued at more than $5,000.
Will Ashleigh be liable?
at
ely
Will Ashleigh be liable
Answer:
yes
Explanation:
it was her boa constrictor so therefore she is held responsible
what are books of prime entry?
Answer:
A book or record in which certain types of transaction are recorded before becoming part of the double-entry book-keeping system.
Stone Age Surfboards is a small manufacturer of two types of popular high-tide surfboards, the Rockwell and the Limestone models. The manufacturing process consists of two departments: fabrication and finishing. The fabrication department has 15 skilled workers, each of whom works 5 hours per day. The finishing department has 5 workers, who also work a 5-hour shift. Each pair of Rockwell surfboards requires 3 labor hours in the fabrication department and 1.5 labor hours in finishing. The Limestone model requires 4.5 labor-hours in fabrication and 2 labor-hours in finishing. The company operates 6 days a week. It makes a per-unit profit of $60 on the Rockwell model and $75 on the Limestone model. Approximately 4.1 Rockwell models and 8.4 Limestone models are produced per day. What is the total number of hours used for the finishing operation
Based on the information given, the total number of hours that will be used for the finishing operation will be 22.95 hours.
The total number of hours that will be required for finishing 4.1 Rockwell models will be:
= 1.5 × 4.1 = 6.15 hours.
The total number of labor hours that'll be required for finishing 8.4 Limestone models will be:
= 2 × 8.4 = 16.8 hours.
Therefore, the total labor hours that will be required will be:
= 6.15 hours + 16.8 hours
= 22.95 hours
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The not payable relating to the June 2, and 10 transactions is a five-year note, with interest at the rate of 12 percent annually...
How is it possible for a company to show positive net income but go bankrupt? Give one example.
Your friend points to the wages earned by your economics professor and her teaching assistant (TA) as an example of income inequality. Your tenured professor earns $120,000 , drives a BMW, and vacations in Europe, whereas your TA earns $10,000 per year, rides a bike, and vacations at his mom's house. Because they both teach for a living, your friend argues that this income inequality is not just. Which reply uses the economic life cycle to respond to your friend's argument? Your professor has many more responsibilities than your TA and is, therefore, paid more. Your professor and TA earn different amounts now but they will have similar earnings over the course of their lives. Your professor was once a TA, and your TA will one day make better money. Older workers typically have more expenses than younger workers due to the high cost of healthcare and other costs that occur later in the life cycle. The differences in wages occur because older workers need more money than younger workers. Your professor has more bargaining power than your TA and, therefore, has higher earnings.
Answer:
Your professor and TA earn different amounts now but they will have similar earnings over the course of their lives. Your professor was once a TA, and your TA will one day make better money.
Explanation:
The cycle, which represents that the economics professor was once a TA and the TA will become a b, represents the economic life cycle. Thus, option C is correct.
What are wages?Wages is said to be the payment provided to the workers who are working by the employer. The rate at which the wages depend upon can be different according to the job done, as different job have different rates. it can be monthly, hourly, or weekly.
When the friends were talking they were discussing on the payments of the economic professor who earned $120000 and lives with full luxury, and the TA (teaching assistance) who earned $10000 only and lives and adjust in that amount.
But that does not mean that the TA income will be constant and won't increase, as he will also one day become professor and earn that amount and the professor also had low income in life as he was also a TA once. that depicts the economic cycle of income and expenses. Therefore, option C is the correct option.
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sample of event proposal
Tanong nyo po Kay Jollibee
The office manager of ABC company has the authority to the whole financial operations. He authorizes activities, controls the company’s expenses, records the company’s transactions, and rarely takes vacation?
The owners of the company are happy with his work since the company is making a profit. You are giving the opportunity to educate the owners about the risk of not implementing internal control. What would be your advice? (2
Q3. At the end of the month, XYZ company’s bank statement is different from the cash book balance. How would the company do the bank reconciliation? (
The risk of not implementing internal control is that it can lead to unethical practices in the workplace.
Internal control refers to the process for assuring the objectives of an organization in operational efficiency and effectiveness. Reliable financial reporting and compliance with laws are vital in internal control.
The risk of not implementing internal control is that it can lead to unethical practices. Also, since there isn't any review of the work done by the financial manager, and this can be risky for the company. This can lead to fraudulent activities.
Since the bank statement is different from the cash book balance, the bank can reconcile this by getting the bank records. This can be done through the checking of appropriate debit and credit transactions in the bank records.
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Becky Martinez owns stock in GBX Corporation. The GBX stock has a market value of $91,000 a share. If Becky receives $35,000.00 a year in dividends, what is the current yield? (Round your answer to 2 decimal places.)
Answer:
12.07%
Explanation:
Karson is a manager in a bottle manufacturing company. He wants to check whether 100 bottles were produced and dispatched to the market. Which department should
he consult?
Answer:
Answer is Operations Department.
Explanation:
How do you redeem a winning ticket lottery?
A) scan on pos
B) validate on terminal
C) picklist on POS
D): redemption barcode entered in the pis if no touch screen
Answer:
4 Steps to Claim PCSO Lotto Prize
Go to the PCSO Main Office. Present two valid IDs (preferably signature-bearing government-issued IDs) and the winning ticket to the Prize Claim section of the Accounting and Budget Department. Fill out the required forms. Wait for the ticket to be validated.
Explanation:
No choices here
An organization's mission differs from strategic planning in that strategic planning is the basic purpose of the organization
while the mission involves establishing the goals and objectites of the organization.
(A True
B) False
