Answer:
The marketing research process involves six steps:1: problem definition, 2: development of an approach to the problem, 3: research design formulation, 4: data collection, 5: data preparation and analysis, and 6: report preparation and presentation.Explanation:
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Luker Corporation uses a process costing system The company had $ 172,500 of beginning Finished Goods Inventory on October 1. It transferred in $ 849,000 of units completed during the period . The ending Finished Goods Inventory balance on October 31 was $ 170,200 . The entry to account for the cost of goods sold in October is
Answer:
First calculate the Cost of Goods sold:
= Opening Finished goods inventory + Goods transferred in - Closing finished goods inventory
= 172,500 + 849,000 - 170,200
= $851,800
The entry to record this is:
Date Account Title Debit Credit
October 31 Cost of Goods Sold $851,800
Finished Goods Inventory $851,800
The largest item of the Deferred Tax Liability for most companies is caused by:________.
a. providing the allowance for doubtful accounts for book purposes.
b. differences in inventory cost flow assumptions (FIFO vs. LIFO) for tax versus financial accounting purposes.
c. differences in depreciation methods (accelerated vs. straight-line) for tax versus financial accounting purposes.
d. amortizing bond premium or discount for tax purposes.
Answer: c. differences in depreciation methods (accelerated vs. straight-line) for tax versus financial accounting purposes.
Explanation:
A Deferred tax liability arises as a result of the tax authorities using a different accounting convention from the business. This leads to a situation where the company records more tax than the tax authorities do so the company will recognize the extra tax as a liability until it is paid.
The main cause of this is the difference in depreciation methods. The tax authorities use an accelerated method which would lead to a lower profit in early years which would translate to a lower tax. The company on the other hand would use straight line depreciation and calculate a higher tax. The difference is called the deferred tax liability.
According to the growth accounting studies, if you lived in a country where illiteracy was high and 40% of the children left school early and did not complete their education what would probably be the results for that country?
a. Average income in the country will see significant increases.
b. There would be both a human and economic loss.
c. The economic status of the country would continue to rise.
d. More technological breakthroughs would happen in this country.
Answer:
b. There would be both a human and economic loss.
Explanation:
In the case when the illiteracy was more and 40% of the children left the school so early that they didnt complete their education so here the result should be that there should be 2 losses i.e. human and economic loss as the children does not have any kind of knowledge so they would not get the job so easily
Therefore the option b is correct
WatchNU is a company that designs and manufacturers drones for military use. The supply manager is getting ready to renegotiate the contract with the security service provider that it uses for its offices and manufacturing plant. Three suppliers responded to the RFP for security services for the next three years. The current security services provider, SecureIT quoted $945,000 per year. Two suppliers that have not been used by WatchNU in the past quoted $1,048,000 and $1,056,000 respectively. The supply manager is also analyzing the costs associated with insourcing security services rather than using a supplier as a way to reduce costs and provide greater control over security. The salary and benefits for a full-time security services manager is estimated to be $99,000. Other fixed costs are estimated to be $29,000/year. Three security guards are needed 24 hours/day, 365 days per year. The salary and benefits for the security guards is $34/hour.
Required:
What are the costs to insource the security services?
Answer:
Variable Cost $893,520
Fixed Cost $128,000
Total Cost $1,021,520
Explanation:
Calculation to determine the costs to insource the security services
VARIABLE COST
Using this formula
Variable cost =Total Quantity of Output x Variable Cost Per Unit
Let plug in the formula
Variable cost =3* ($34/hour x 24 hours/day x 365 days per year)
Variable cost = $893,520
FIXED COST
Using this formula
Fixed cost=Salary and Benefits for a full time security service manager+Other Fixed Costs
Let plug in the formula
Fixed cost=($99,000) + ($29,000)
Fixed cost= $128,000
TOTAL COST
Using this formula
Total Cost = Variable Cost + Fixed Cost
Let plug in the formula
Total Cost=($893,520) + ($128,000)
Total Cost= $1,021,520
Therefore the costs to insource the security services will be:
Variable Cost $893,520
Fixed Cost $128,000
Total Cost $1,021,520
Phân biệt triết lý bán hàng và triết lý Marketing
Answer:
I don't understand the language
what is the 4P of marketing
Answer:
The 4Ps of marketing is a model for enhancing the components of your "marketing mix"price, product, promotion, and place
Explanation:
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plss brainlys me
thanks for the points
Tỉnh nào ở Việt Nam nhiều cao su nhất
Tỉnh nào ở Việt Nam nhiều cao su nhất?
Answer:-
Tỉnh Đông Nam Bộ có nhiều cao su nhất.
Which of the following statements is more descriptive of active data warehouses in contrast with traditional data warehouses?A) strategic decisions whose impacts are hard to measure.B) detailed data available for strategic use only.C) large numbers of users, including operational staffs.D) restrictive reporting with daily and weekly data currency.
Answer: large numbers of users, including operational staff
Explanation:
Active Data Warehousing refers to the technical ability that can be used in the capture of transactions when change occurs and then integrating them into the warehouse.
The traditional data warehouses uses on-premise IT resources like software and servers in order to deliver Data Warehouse functions.
The statement that's more descriptive of active data warehouses in contrast with traditional data warehouses is the large numbers of users, including operational staff.
Answer:
.C) large numbers of users, including operational staffs
Explanation:
The traditional Data Warehouse works through the
availability of on-premise IT resources like servers as well as software to carry out Data Warehouse functions. All firms that runs on-premise Data Warehouses needs to manage their infrastructure effectively.
Active Data Warehouse can be regarded as type of ware house that requires technical ability which involves capturing of transactions whenever they change,then integrate them back into the warehouse as well as maintaining batch or scheduled cycle refreshes
It should be noted that in description of
active data warehouses in contrast with traditional data warehouses there is large numbers of users, including operational staffs.
Based on your understanding of the involvement of investment banks in an IPO, complete the following statements. If the investment bank guarantees the sale of the securities, the issue is___________ . The investment bank must pay the issuing firm within ________days of the official start of the offering. If more than one stock offering investment bank is involved in the IPO, the deal is referred to as ___________stock offering.
After the SEC approves the registration statement for the IPO, the biggest responsibility for the issuing company and the investment bank becomes ensuring that the determined number of securities is sold and the firm is able to raise the intended amount. The IPO team-including the investment bankers, senior management team, lawyers, and investor relations team-conducts various activities. Which of the following statements are true about the activities involved in the IPO process?
a. The investment banker estimates the potential demand for the securities by recording the number of shares that each investor is willing to buy. This is called book-building.
b. The IPO team goes on a roadshow, making presentations to institutional investors selected by the underwriter.
c. If investors are willing to purchase more shares than are available, the IPO is considered to be oversubscribed.
d. During the roadshow, the IPO team can divulge additional information to institutional investors that is not given in the registration statement to lure the institutional investors.
Answer:
a. If the investment bank guarantees the sale of the securities, the issue is underwritten. The investment bank must pay the issuing firm within 4 days of the official start of the offering. If more than one stock offering investment bank is involved in the IPO, the deal is referred to as underwriter syndicate stock offering.
b. True Statements.
a. The investment banker estimates the potential demand for the securities by recording the number of shares that each investor is willing to buy. This is called book-building.
b. The IPO team goes on a roadshow, making presentations to institutional investors selected by the underwriter.
c. If investors are willing to purchase more shares than are available, the IPO is considered to be oversubscribed.
Book building is a process that allows investment banks to estimate the potential demand for the shares by finding out the number of shares that investors are willing to buy.
They do this after going on a roadshow where they essentially advertise the IPO to institutional investors. If these investors are willing to buy more shares that is available, they are oversubscribing.
Biden Resorts Company currently has 0.2 million common shares of stock outstanding and the stock has a beta of 2.2. It also has $1 million face value of bonds that have five years remaining to maturity and 8 percent coupon with semi-annual payments, and are priced to yield 13.65 percent. If Biden issues up to $2.5 million of new bonds, the bonds will be priced at par and have a yield of 13.65 percent; if it issues bonds beyond $2.5 million, the expected yield on the entire issuance will be 16 percent. Biden has learned that it can issue new common stock at $10 a share. The current
risk-free rate of interest is 3 percent and the expected market return is 10 percent. Biden's marginal tax rate is 30 percent. If Biden raises $7.5 million of new capital while maintaining the same debtto-equity ratio, its weighted average cost of capital is?
Answer:
Hence, the weighted average cost of capital is 15.87%.
Explanation:
We have to find current weights,
Value of equity = Shares x Share price = 0.2 x 10 = $2 million
Face Value of Bonds FV = $1 million
Semi annual coupon P = 1 x 8% / 2 = $0.04 million
Number of coupons remaining n = 5 x 2 = 10
Semi annual yield r = 13.65% / 2 = 6.825%
Value of Debt = Px [1 - (1 + r)-n] / r + FV / (1 + r)n
= 0.04 x [1 - (1 + 0.06825)-10] / 0.06825 + 1 / (1 + 0.06825)10
= $0.8 million
Total Value = 2 + 0.8 = $2.8 million
Weight of Debt = 0.8 / 2.8 = 28.57%
Weight of Equity = 2 / 2.8 = 71.45%
Amount of Debt to be raised = Weight of debt x Capital
= 0.2857 x 7.5
= $2.14 million
Since the amount of debt to be raised is less than $2.5 million, the yield will be 13.65%
Cost of Equity = Risk Free Rate + Beta x (Market Return - Risk Free Rate)
= 3% + 2.2 x (10 - 3)
= 18.4%
The weighted average cost of capital:-
WACC = Weight of Debt x Cost of Debt x (1 -Tax Rate) + Weight of Equity x Cost of Equity
= 0.2857 x 13.65% x (1 - 0.3) + 0.7145 x 18.4%
= 15.87%
Clem is married and is a skilled carpenter. Clem’s wife, Wanda, works part-time as a substitute grade school teacher. Determine the amount of Clem’s expenses that are deductible for AGI this year (if any) under the following independent circumstances:___________a) Clem is self-employed and this year he incurred $525 in expenses for tools and supplies related to his job. Since neither were covered by a qualified health plan, Wanda paid health insurance premiums of $3,600 to provide coverage for herself and Clem (not through an exchange).b) Clem and Wanda own a garage downtown that they rent to a local business for storage. This year they incurred expenses of $1,250 in utilities and $780 in depreciation.c) Clem paid self-employment tax of $15,300 (the employer portion is $7,650), and Wanda had $3,000 of Social Security taxes withheld from her pay.d) Clem paid $45 to rent a safe deposit box to store his coin collection. Clem has collected coins intermittently since he was a boy, and he expects to sell his collection when he retires.
Answer:
A. $4,125
B. $2030
C. $9650
D. $0
Explanation:
Calculation to determine the amount of Clem’s expenses that are deductible for AGI this year
A. AGI=Tools and supplies + Health insurance
AGI=$525+$3600
AGI=$4125
Therefore the amount of Clem’s expenses that are deductible for AGI this year is $4125
B. AGI=Tools and supplies +Health insurance ar
AGI=$1,250 +$780
AGI=$2030
Therefore the amount of Clem’s expenses that are deductible for AGI this year is $2030
C. Based on the information given, the EMPLOYER PORTION of the amount of $7,650 will be the EMPLOYER PORTION of the self-employment tax is deductible.
D. Based on the information given The amount of Clem’s expenses that are deductible for AGI this year is $0 reason been that The safe deposit fee is an ITEMIZED DEDUCTION .
Which of the following tasks is not required when using a two-stage activity-based costing model?A. Determining the cost per unit of activityB. Determining how much direct labor each cost object consumesC. Identifying activitiesD. Assigning costs to activities
Answer:
Option B
Explanation:
In simple words, Activity-based budgeting (ABC) is a better way to allocate overhead expenses. The expense of each recurrence of an overlay occurrence throughout the procedure is determined during first step of allocation. The cost of every incidence is then allocated to individual things manufactured by the company inside the second stage.
Thus, from the above we can conclude that the correct option is B.
a mixed economy combines features of other economic system by
Answer:
allowing some government regulation of a mostly free market economy
Explanation:
The mean of a set of data is 5.07 and its standard deviation is 3.39.
Find the z-score for a value of 9.65.
Answer:
1.35
Explanation:
zscore= (x-mean)/(Standard deviation)
(9.65-5.07)/3.39= 1.35
On 1/1, Florida Power and Light Energy bought a single piece of equipment by paying $7,000 cash. They also incurred freight charges and taxes of $224 on 1/1 and paid for these items with cash, also. The market value of this equipment is $13,000. What amount should be recorded in Florida Power and Light's Equipment Account on 1/1?
Answer:
the amount that should be recorded in Florida Power and Light's Equipment Account on 1/1 is $7,224
Explanation:
The computation of the amount that should be recorded in Florida Power and Light's Equipment Account on 1/1 is shown below:
= Purchase price of an equipment + freight charges & taxes
= $7,000 + $224
= $7,224
Hence, the amount that should be recorded in Florida Power and Light's Equipment Account on 1/1 is $7,224
I need help with Accounting homework. I am not understanding it
Answer:
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Explanation:
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For each example presented below, identify the managerial skill being illustrated.
a. Charles didn't get much done today because he wasted a lot of time worrying that his coworker was going to gossip about him to their supervisor.
b. Although you usually believe that personality tests are not useful in hiring contexts, you feel they are appropriate in this case because the interviewer took the time to explain why the organization uses them and how they will be used,
c. You contributed more than of the material for the project for which your team got a performance bonus, but you only received 25% of the bonus amount.
A job candidate you are interviewing acts nervous, gives a weak handshake, and fails to talk with confidence. Although the rest of the interview goes well and the candidate seems to have the characteristics you are looking for you give mediocre ratings because of the poor start to the interview.
1. First impression bias
2. The halo effect
3. The contrast effect
4. Selective perception
Question Completion with Options:
1. Interactional Fairness
2. Distributive Fairness
3. Procedural Fairness
4. Trust
Answer:
1. Managerial skills being illustrated in each of the examples presented:
a. Trust
b. Interactional fairness
c. Distributive fairness
2. 1. First impression bias
Explanation:
Trust: Here, Charles showed a lack of trust in one of his colleagues who was a gossip.
Interactional fairness: The quality of time spent interacting with another person can improve perceptions and relationships.
Distributive fairness: This involves a comparison of outcome with the cost incurred to earn the benefit.
Procedural fairness requires fairness in decision-making without bias.
You took ACC111 where the Owner's Equity section consisted of Capital and Owner's Withdrawals. Now that you've seen the corporate structure of the Owner's Equity section, how do the individual items in the Sole Proprietor's Equity section translate to the Corporate Equity section? For example, Revenues are closed out into Capital for Sole Proprietor, Where does it go for Corporate?
Answer:
Revenues are closed out to Equity (Retained Earnings) for Corporate.
Explanation:
Actually, for both Sole Proprietor and Corporate, the account that is closed out to Capital or Equity is the difference between the Revenue and the Expenses for the accounting period. This is more specifically referred to as Net Income. This is the bottom-line profit, which is available for distribution to the owners of the entity in the form of capital withdrawals for Sole Proprietorships and dividends for Corporate entities.
how van an oligopoly cause market failure (8)
The correct answer to this open question is the following.
Although there are no options attached we can say the following.
An oligopoly can cause market failure because companies that form the oligopoly do not allow other companies to enter and compete in the market. This action limits consumers to choose from a variety of options, including quality, the best price, and service.
Often, oligopoly associates the strongest or more powerful companies in order to wipe out other minor competitors. They want to establish a dominant presence that affects prices and consumers participation.
Oligopoly practices result in inefficiency and instability in the market. That is why oligopolies are not good for the economy.
The automobile industry is mostly associated with an oligopoly.
When a market is controlled by just a few numbers of companies, but none of them is above the others, we are talking about an oligopoly. They can collude intentionally or not, to establish prizes and to not let other companies compete with them.
The marginal seller is the seller who Group of answer choices cannot compete with the other sellers in the market. would leave the market first if the price were any lower. can produce at the lowest cost. has the largest producer surplus.
Answer:
would leave the market first if the price were any lower.
Explanation:
Utility can be defined as any satisfaction or benefits a customer derives from the use of a product or service.
Thus, any satisfaction or benefits a customer derives from the use of a product or service is generally referred to as a utility.
In Economics, The law of diminishing marginal utility states that as the unit of a good or service consumed by an individual increases, the additional satisfaction he or she derives from consuming additional units would start decreasing or diminishing as the units of good or service consumed increases.
A marginal seller refers to an individual or business firm that is most willing to sell his or her goods and services at a price that is typically equal to their economic cost while forfeiting producer surplus.
A producer surplus is the amount a buyer is willing to pay for a good minus the cost of producing the good.
Hence, a marginal seller is the seller who would leave the market first if the price were any lower.
Globe Manufacturing Company has just obtained a request for a special order of 12,000 units to be shipped at the end of the current year at a discount price of $7.00 each. The company has a production capacity of 90,000 units per year. At present, Globe is only selling 80,000 units per year through regular channels at a selling price of $11.00 each. Globe's per unit costs at an 80,000 unit level of production and sales are as follows:
Variable manufacturing expenses $4.60
Fixed manufacturing expenses $1.80
Variable selling and administrative expenses $1.00
Fixed selling and administrative expenses $0.45
Variable selling and administrative expense will drop to $0.30 per unit on the special order units. The special order has to be taken in its entirety. This means that by accepting the special order, Globe will be forced to not sell 2,000 units to its regular customers.
Required:
If Globe accepts this special order, by what amount will its net operating income increase or decrease?
Answer:
Globe Manufacturing Company
f Globe accepts this special order, its net operating income will decrease by:
= $19,300.
Explanation:
a) Data and Calculations:
Special order units = 12,000
Special order price = $7.00 each
Annual Production Capacity = 90,000 units
Annual Sales Units = 80,000
Normal selling price = $11
Per unit costs at 80,000 units level:
Variable manufacturing expenses $4.60
Fixed manufacturing expenses $1.80
Variable selling and administrative expenses $1.00
Fixed selling and administrative expenses $0.45
Variable manufacturing expenses $4.60 * 12,000 = $55,200
Fixed manufacturing expenses $1.80 * 10,000 = $18,000
Variable selling and administrative expenses $0.30 * 12,000 = $3,600
Fixed selling and administrative expenses $0.45 * 10,000 = $4,500
Lost revenue from non-sale of 2,000 at $11 = $22,000
Total costs of special order = $103,300
Sales revenue from special order = $84,000 ($7 * 12,000)
The net operating income will decrease by $19,300 ($103,300 - $84,000)
For each of the following situations involving annuities, solve for the unknown. Assume that interest is compounded annually and that all annuity amounts are received at the end of each period.-interest rate, and n number of years EV of $1, PV of $1, EVA of $1 PVA of $1, EVAD of $1 and PVAD of $ Use appropriate factor(s) from the tables provided. Round your final answers to nearest whole dollar.
Present Value Annuity Amount i = n =
1. ___________ $2,600 8% 5
2. 507,866 135,000 ___ 4
3. 661,241 170,000 9% ____
4. 540,000 78,557 ___ 8
5. 230,000 _____________ 10% 4
Answer:
Following are the solution to the given question:
Explanation:
For point 1:
[tex]Annuity\ Amount= \$2,600\\\\i=8\%\\\\n=5\\\\Present\ Value=?[/tex]
Our table shows that the factor is equal at 3.99271 for 8 percent and 5 periods. In addition to this, the present value is $10,381 dollars in the annuity.
For point 2:
[tex]Present \ Value=507,866\\\\ Annuity \ Amount= 135,000\\\\ i =?\\\\n =4[/tex]
[tex]\text{Present Value of Ordinary Annuity = Annuity Amount} \times PVOA \ Factor[/tex]
[tex]507,866 = 135,000 \times PVOA \ Factor\\\\\frac{507,866}{135,000} = PVOA \ Factor\\\\3.76197 = PVOA\ Factor[/tex]
When looking at our n=4 row table, we notice that perhaps the factor of PVOA is equal to 3,56197 whenever the rate is equal to 2,5%.
For point 3:
[tex]Present\ Value=661,241\\\\ Annuity\ Amount= 170,000\\\\ i = 9\% \\\\n =?[/tex]
[tex]\text{Present Value of Ordinary Annuity = Annuity Amount} \times PVOA \ Factor[/tex]
[tex]661,241 = 170,000 \times PVOA\ Factor \\\\\frac{661,241}{170,000} = PVOA \ Factor\\\\3.88965 = PVOA \ Factor[/tex]
If you really are looking at our table in column i = 9%, we found PVOA is 3.88965 if n is 5.
For point 4:
[tex]Present\ Value= 540,000 \\\\Annuity \ Amount=78,557\\\\ i = ?\\\\n =8[/tex]
[tex]\text{Present Value of Ordinary Annuity = Annuity Amount} \times PVOA \ Factor[/tex]
[tex]540,000 = 78,557 \times PVOA\ Factor\\\\\frac{540,000}{78,557} = PVOA \ Factor\\\\6.873989 = PVOA \ Factor[/tex]
If you verify our table for n = 8 lines, the PVOA factor is approximately 6.87399 when the rate of interest is 3.5 percent.
For point 5:
[tex]Present\ Value=230,000\\\\ Annuity\ Amount=?\\\\ i =10\%\\\\ n =4[/tex]
The PVOA factor is 3.16997 when we search our table with i = 10% and n = 4.
[tex]230,000 = Annuity \ Amount \times 3.16987\\\\\frac{230,000}{3.16987} = Annuity\ Amount\\\\72,558 = Annuity\ Amount\\\\annuity\ total= \$72,558.[/tex]
Emily and Betsey are economists. Emily thinks that the wealthiest 10 percent of the U.S. population should be taxed a rate higher than the rest of society because they can better afford it. Betsey thinks that everyone should be taxed at the same rate because that is the fairest scenario and the wealthy should not be penalized for their success. In this example, Emily and Betsey:______
Answer: b. have different normative views about tax policy.
Explanation:
Economists follow different theories and principles on how the world should be so most times they will disagree with each other on key issues such as taxation and government intervention in markets.
Emily and Betsy both believe in different taxation policies which means that they have different views on how people should be taxed in an economy with one of them believing in a proportional tax regime (Betsey) and the other believing in a progressive tax regime (Emily).
During May, Bergan Company incurred factory overhead costs as follows: indirect materials, $8,800; indirect labor, $6,600; utilities cost, $4,800; and factory depreciation, $9,000. Journalize the entry to record the factory overhead incurred during May.
Answer:
Dr Factory Overhead $29,200
Cr Materials 8800
Cr Wages payable 6600 Cr Utilities Payable 4800
Cr Accumulated Depreciation-Factory 9000
Explanation:
Preparation of the entry to record the factory overhead incurred during May.
Dr Factory Overhead $29,200
($8,800 + $6,600 + $4,800 + $9,000)
Cr Materials 8800
Cr Wages payable 6600 Cr Utilities Payable 4800
Cr Accumulated Depreciation-Factory 9000
(To record the factory overhead incurred during May)
Run-of-the-Mills provides your marketing firm with the following data: When the price of guppy gummies decreases by 5%, the quantity of frizzles sold increases by 4% and the quantity of mookies sold decreases by 6%. Your job is to use the cross-price elasticity between guppy gummies and the other goods to determine which goods your marketing firm should advertise together.
Answer:
guppy gummies and frizzles are complementary goods and should be advertised together
Explanation:
Cross price elasticity of demand measures the responsiveness of quantity demanded of good A to changes in price of good B.
If cross price elasticity of demand is positive, it means that the goods are substitute goods.
Substitute goods are goods that can be used in place of another good.
When the price of gummies decreased, the demand for mookies decreased. these goods are substitutes and should not be advertised together
If the cross-price elasticity is negative, it means that the goods are complementary goods.
Complementary goods are goods that are consumed together
When the price of gummies decreased, the demand for frizzles increased. the cross price elasticity would be negative. thus they are complements and should be advertised together.
Economic goals for sustainable development can be formulated ________. Group of answer choices by disentangling them from social goals only if we include environmental and social goals in the planning only if there is a complete overlap with social and environmental goals on their own terms without reference to environmental goals only if we exclude environmental goals
Answer:
only if we include environmental and social goals in the planning.
Explanation:
An economy is a function of how money, means of production and resources (raw materials) are carefully used to facilitate the demands and supply of goods and services to meet the unending needs or requirements of the consumers.
Hence, a region's or country's economy is largely dependent on how resources are being allocated and utilized, how many goods and services are to be produced, what should be produced, for whom they are to be produced for and how much money are to be spent by the consumers to acquire these goods and services.
Sustainable development can be defined as an idea or development model that is typically aimed at providing basic human needs such as food, fiber, textiles, etc., without compromising or jeopardizing the ability of future generations to create agricultural solutions to their own basic needs.
Generally, economic goals for sustainable development and growth of a country can be formulated only if environmental and social goals are included in the planning.
Mackie Services operates a website that links experienced statisticians with businesses that need data analyzed. Statisticians post their rates, qualifications, and references on the website, and Mackie receives 25% of the fee paid to the statisticians in exchange for identifying potential customers. Hoffman Associates contacts Mackie and arranges to pay a consultant $1,500 in exchange for analyzing some data. Mackie's income statement would include the following with respect to this transaction:_________
a. Revenue of $1,875 and cost of services of $1,500
b. Revenue of $1,500
c. Revenue of $1,500, and cost of services of $1,125
d. Revenue of $375
Answer:
d. Revenue of $375
Explanation:
The amount paid by the Vetmed associates is an expense for associates
The amount received by statisticians is a revenue for them
Mackie Services an intermediate between the two and so, the percentage amount received by Mackie Services is a revenue
Mackie's income statement would include a revenue of:
= Amount paid to statisticians * % Received
= $1,500 * 25%
= $375
Your grandmother has promised to give you $5,000 when you graduate from college. She is expecting you to graduate two years from now. What happens to the present value of this gift if you delay your graduation by one year and graduate three years from now?
a. remains constant
b. increases
c. decreases
d. becomes negative
e. cannot be determined from the information provided
Answer:
c
Explanation:
Haier has achieved great success in becoming a global leader in the appliance industry and is doing so with these beneficial strategies.
a. True
b. False
Answer:
a. True
Explanation:
It is correct to say that a company like Haier, which has become a global leader in the household appliance industry segment, has developed a beneficial strategy for success, as entering a global market can be a great challenge for companies, as it requires business, product and services of the company to the local market that includes cultural and social differentiation in the preferences for products and services. So it is correct to say that the company has adopted a beneficial global strategy that gives it significant advantages such as market positioning, cost reduction, greater competitive capacity, greater brand value, increased profitability, etc.
A company started the year with $1,500 of supplies on hand. During the year the company purchased additional supplies of $800 and recorded them as increase to the supplies asset. At the end of the year the company determined that only $300 of supplies are still on hand. What is the adjusting journal entry to be made at the end of the period
Answer:
Debit : Supplies Expense $2,000
Credit : Supplies $2,000
Explanation:
The adjusting journal entry to be made at the end of the period should reflect the usage of supplies.
Supplies used = Opening Balance + Purchases - Inventory Balance
therefore,
Supplies used = $1,500 + $800 - $300
= $2,000
A Debit to Expense Account - Supplies Expense and A Credit to Asset Account - Supplies must be made to depict the usage of supplies.
