a.)The net operating income (NOI) will increase by $28,937.46 per month if the monthly advertising budget increases by $9,000 and monthly sales increase by $19,500. Calculation of the change in net operating income (increase or decrease) per month:
Net operating income (NOI) = Sales - Variable expenses - Fixed expenses. Given data: Current monthly sales = 2,800 units,Selling price per unit = $35,Variable expenses per unit:
Direct materials = $10,Direct labor = $12, Variable overhead = $4, Variable selling expenses = $2, Total variable expenses per unit = $28. Fixed expenses per month = $86,000. Monthly advertising budget = $9,000. Additional monthly sales with the increased advertising budget = $19,500.
New monthly sales = 2,800 + (19,500/35)
= 2,800 + 558.14
= 3,358.14 units
New variable expenses per unit: Direct materials = $10,Direct labor = $12,Variable overhead = $4,Variable selling expenses = $3 [($2 + $9,000/$3,358.14)]
Total variable expenses per unit = $29,
New net operating income (NOI): Current NOI = 2,800($35 - $28) - $86,000
= $-18,800
New NOI = 3,358.14($35 - $29) - $86,000 - $9,000
= $10,137.46
Change in NOI = $10,137.46 - (-$18,800)
= $28,937.46
The net operating income (NOI) will increase by $28,937.46 per month if the monthly advertising budget increases by $9,000 and monthly sales increase by $19,500.
1-b. Based on the above calculations, the advertising budget should be increased.
To know more about Net operating income visit-
brainly.com/question/31262208
#SPJ11
if ebit is $425,000, what is the eps for each plan? note: do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. if ebit is $675,000, what is the eps for each plan? note: do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. what is the break-even ebit?
To calculate the earnings per share (EPS) for each plan, we need to know the number of shares outstanding and the interest expense for each plan.
Without this information, we cannot provide a specific calculation for EPS.
However, I can explain the concept of break-even EBIT. The break-even EBIT is the level of EBIT at which a company's earnings are exactly equal to its expenses, resulting in zero profit or loss. It represents the point at which the company is neither making a profit nor incurring a loss.
To calculate the break-even EBIT, you would need to consider the fixed costs, variable costs, and the contribution margin . The break-even EBIT can be determined using the following formula:
Break-even EBIT = Fixed Costs / Contribution Margin
The contribution margin is the difference between the selling price per unit and the variable cost per unit. By knowing the fixed costs and the contribution margin, you can calculate the break-even EBIT.
Learn more about margin here:
https://brainly.com/question/28481234
#SPJ11
Required information
[The following information applies to the questions displayed below)
Alden Company's monthly data for the past year follow. Management wants to use these data to predict future variable and fixed costs.
Month
1
Total Cost
Month
$ 159,000 7
Total Cost 358, 500 $ 267,116
Units Gold 321,500
2
102,750
3 266,500 207,100
271,500
75,700
153,250
63,500
160,500
10
203,000 11
151,500
4 5
101,500
9
132, 125
296,500 291,500
191,500
113,500
95,500 101, 500
05,500 88,150
12
Units Sold
2. Predict future total costs when sales volume is (a) 387,000 units and (b) 427,000 units.
Predictions
(1)
387,000
Unins
427,000
S
Variable costs
Fixed costa
Total
Given information is related to Alden Company's monthly data for the past year. To predict the future variable and fixed costs, first, we will calculate the cost equation using the high-low method.
High-low method is an accounting technique used to divide a mixed cost into its fixed and variable components. In this method, the high and low total costs are considered for calculating the variable cost per unit, then fixed cost is calculated using the formula.
Total cost = fixed cost + variable cost per unit × unit volume Using this formula, we can calculate the cost of the month, then add these costs to predict future costs. Variable cost per unit = (High total cost - Low total cost) ÷ (High unit volume - Low unit volume)= (358,500 - 75,700) ÷ (321,500 - 153,250)= 1.05 per unit Fixed cost = Total cost - Variable cost per unit × unit volume .
To know more about information visit:
https://brainly.com/question/33427978
#SPJ11
Which of the following can be most accurately be defined as conditions in the competitive environment that endanger the profitability of a firm? Select one.
a)Threats
b)Rivalries
c)Integrations
d)Weaknesses
The option (a) is correct answer. The term that most accurately be defined as conditions in the competitive environment that endanger the profitability of a firm are Threats.
A threat can be defined as the external environment's conditions that could endanger the profitability of a company. These threats can be in the form of new competitors, changing technology, natural calamities, market demand fluctuations, and any other element that jeopardizes a business's performance. Threats are typically present in the SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis of a company and often prompt businesses to develop plans to mitigate or respond to them. In order to survive and be successful in the long term, businesses must stay aware of these threats and develop effective strategies to deal with them. This enables companies to continue to create value for their stakeholders over the long run. Hence, option a) Threats can be most accurately defined as conditions in the competitive environment that endanger the profitability of a firm.
To know more about profitability visit :-
https://brainly.com/question/29987711
#SPJ11
If \( \$ 950,000 \) of \( 8 \% \) bonds are issued at \( 1023 / 4 \), the amount of cash received from the saie is a. \( \$ 712,500 \) b. \( \$ 976,125 \) c. \( \$ 1,026,000 \) d. 5950,000
The amount of cash received from the sale of the bonds is $950,362.25.
To calculate the amount of cash received from the sale of bonds, we need to consider the issue price and the face value of the bonds. Let's break down the given information:
Face value of the bonds = $950,000
Issue price = 1023/4 = $255.75 per bond
Interest rate = 8%
To find the amount of cash received, we need to multiply the number of bonds by the issue price. The number of bonds can be calculated by dividing the face value by the issue price:
Number of bonds = Face value / Issue price
= $950,000 / $255.75
Now, let's calculate the number of bonds:
Number of bonds = 3715.7088 (rounded to the nearest whole number)
(Note: We round down since we can't have fractional bonds.)
Finally, we can calculate the amount of cash received by multiplying the number of bonds by the issue price:
Cash received = Number of bonds * Issue price
= 3715 * $255.75
Cash received = $950,362.25
Therefore, the amount of cash received from the sale of the bonds is $950,362.25.
Learn more about bonds
https://brainly.com/question/25965295
#SPJ11
Rachel purchased Blue Corporation stock for $10,000 in 2014.
Rachel sells the stock to her sister, Erica, for $2,000 in 2018. In
2020, Erica sells the bonds for $25,000 to a non-relative. What is
the
Rachel purchased Blue Corporation stock for $10,000 in 2014 and sells it to her sister, Erica, for $2,000 in 2018. Then in 2020, Erica sells the bonds for $25,000 to a non-relative.
We need to determine the realized gain or loss by Erica when she sold the bond. Realized gain or loss is the difference between the selling price and the cost basis. The cost basis is the amount that was paid for the asset.
We can calculate the gain or loss as follows:
Cost basis (amount Erica paid for the stock) (adjustments as Erica is not the original purchaser) = $2,000Proceeds from the sale
= $25,000Realized gain or loss = proceeds - cost basis since the proceeds from the sale ($25,000) are greater than the cost basis ($2,000), Erica realizes a gain of $23,000.
To know more about Rachel visit:
https://brainly.com/question/31794766
#SPJ11
Seymour Corporation manufactures batons. Seymour can manufacture 300,000 batons a year at a variable cost of $750.000 and a fixed cost of $450,000. Based on 5 eymour's predictions, 240,000 batons will be sold at the regular price of $5,00 each. In addition, a special order was placed for 60,000 batons to be sold at a 40 percent discount off the reguli. perice. The unit relevant cost per unit for Seymour's decision is Select one: a. 53,00 b. 51,50 c. $2.50 d. 54.00
The answer is, The unit relevant cost per unit for Seymour's decision is $4.
How to calculate?The unit relevant cost per unit for Seymour's decision can be calculated by considering both the variable and fixed costs.
Step 1: Calculate the total cost:
Variable cost per unit = $750,000 / 300,000 batons
= $2.50 per baton
Total variable cost = Variable cost per unit x Total batons manufactured
= $2.50 x 300,000 batons
= $750,000
Fixed cost = $450,000
Total cost = Total variable cost + Fixed cost
= $750,000 + $450,000
= $1,200,000
Step 2: Calculate the relevant cost per unit:
Total relevant cost = Total cost / Total batons manufactured
= $1,200,000 / 300,000 batons
= $4 per baton
The unit relevant cost per unit for Seymour's decision is $4.
To know more on Fixed cost visit:
https://brainly.com/question/17137250
#SPJ11
equipment acquired at a cost of $105000 has an estimated residual value of $12000 and an estimated useful life of 10 years. it was placed into service on may 1 of the current fiscal year, which ends on dec 31. determine the depreciation for the current fiscal year and for the following fiscal year by (a) the straight line method and (b) the double declining method
The depreciation for the current fiscal year is calculated by multiplying the annual depreciation by the portion of the year the equipment was in use: $9,300 * 8/12 = $6,200.
(a) straight-line method:
the depreciable cost of the equipment is $105,000 - $12,000 (residual value) = $93,000. the annual depreciation expense is $93,000 / 10 years = $9,300.
Depreciation for the current fiscal year (may 1 to dec 31): $9,300 * 8/12 = $6,200.
depreciation for the following fiscal year: $9,300.
(b) double declining balance method:
the double declining balance rate is 2 / 10 = 20%.
depreciation for the current fiscal year (may 1 to dec 31): $105,000 * 20% * 8/12 = $11,200.
depreciation for the following fiscal year: $105,000 * 20% = $21,000.
(a) the straight-line method evenly distributes the depreciable cost over the useful life of the equipment. the annual depreciation expense is calculated by dividing the depreciable cost by the number of years.
(b) the double declining balance method applies a higher depreciation rate to the book value of the asset. the double declining balance rate is calculated by dividing 2 by the useful life in years. the annual depreciation expense is then determined by multiplying the double declining balance rate by the book value of the asset at the beginning of the fiscal year.
in the current fiscal year, the equipment was used for 8 months (may 1 to dec 31), so the depreciation is calculated for that period. in the following fiscal year, the equipment is assumed to be used for the full year.apologies for the brief response. here's some additional information:
for the straight-line method, the depreciation expense remains the same throughout the useful life of the equipment. in this case, it is $9,300 per year. since the equipment was placed into service on may 1, the fiscal year in question covers a period of 8 months (may 1 to december 31). for the double declining balance method, the depreciation expense is calculated using a fixed percentage (double the straight-line rate) applied to the declining book value of the asset. in this case, the double declining balance rate is 20% (2 times the straight-line rate of 10%). the depreciation for the current fiscal year is determined by multiplying the double declining balance rate by the book value of the equipment at the beginning of the fiscal year (may 1). since the equipment was acquired at a cost of $105,000, the depreciation for the current fiscal year is $105,000 * 20% * 8/12 = $11,200.
for the following fiscal year, the equipment is assumed to be used for the entire year (january 1 to december 31).
Learn more about expense here:
https://brainly.com/question/29850561
#SPJ11
Draw an ordinary demand curve for x
1
where the consumer's utility function is u=min(ax
1
,bx
2
).(15 marks )
To draw the ordinary demand curve for x1 when the consumer's utility function is u=min(ax1,bx2), we need to understand the concept of utility and how it relates to consumer behavior.
Utility refers to the satisfaction or happiness that a consumer derives from consuming a certain quantity of a good or service.
In this case, the utility function u=min(ax1,bx2) represents the consumer's utility as the minimum value between ax1 and bx2.
To draw the demand curve, we need to consider the relationship between the price of x1 and the quantity demanded by the consumer.
The demand curve shows the various quantities of x1 that the consumer is willing to purchase at different prices while keeping the utility constant.
Let's consider an example to illustrate this. Suppose a consumer has the utility function u=min(2x1,3x2), where x2 is another good. We can assign values to a and b, let's say a=2 and b=3.
Now, we can plot the demand curve for x1. The price of x1 will be shown on the vertical axis, while the quantity demanded will be shown on the horizontal axis.
Starting with a high price for x1, let's say $10, the consumer will have a utility of u=min(2x1,3x2). As the price of x1 decreases, the consumer will be able to afford more of x1, resulting in a higher utility.
The consumer will continue to increase the quantity demanded until reaching a point where the utility is maximized.
As the price of x1 decreases further, the consumer will demand even more x1, resulting in a higher quantity demanded.
This relationship between price and quantity demanded forms the demand curve.
It's important to note that the shape of the demand curve will depend on the specific values of a and b in the utility function.
In this example, we have assumed a linear utility function, but in reality, utility functions can take various forms.
Know more about demand curve here:
https://brainly.com/question/1139186
#SPJ11
Other things held constant, if market rates of interest increase
a. the value of a bond will decrease
b. a bond's term to maturity will increase
c. None of the listed items are correct
d. the value of a bond will increase
e. a bond's'yield to maturity. will decrease
If market rates of interest increase while other things are held constant, the value of a bond will decrease. This is because when market interest rates rise, new bonds are issued with higher coupon rates to attract investors.
This means that existing bonds with lower coupon rates become less attractive, leading to a decrease in their value.
To understand this concept, let's consider an example. Suppose you have a bond that pays a fixed coupon rate of 5% annually, and the market interest rates increase to 6%. In this scenario, new bonds with a coupon rate of 6% will be issued. Since the new bonds offer a higher interest rate than your bond, investors will prefer to buy the new bonds. As a result, the demand for your bond decreases, which leads to a decrease in its value.
The reason for this inverse relationship between market interest rates and bond value is the fixed coupon payment that bonds provide. As interest rates increase, the fixed coupon payment becomes less attractive compared to the higher coupon rates offered by new bonds. Therefore, the value of a bond decreases when market rates of interest increase.
To know more about value visit:
https://brainly.com/question/30145972
#SPJ11
If market rates of interest increase, the value of a bond will decrease. This is because bonds have fixed interest rates, so when market rates rise, the bond's interest rate becomes less attractive compared to newer bonds with higher rates.
As a result, investors are less willing to pay the same price for the bond, causing its value to decline. To illustrate this, let's consider an example. Imagine you own a bond that pays a fixed interest rate of 5% and has a face value of $1,000. If market rates increase to 7%, newly issued bonds will offer higher interest rates.
Investors will expect a higher return on their investments, so they will be less interested in purchasing your bond with a lower interest rate. As a result, to attract buyers, you would need to lower the price of your bond. Therefore, the value of the bond decreases when market rates of interest increase.
In conclusion, when market rates of interest increase, the value of a bond decreases. This is because the fixed interest rate on the bond becomes less attractive compared to newer bonds with higher rates.
To know more about Interest Rate visit:
https://brainly.com/question/15062061
#SPJ11
Michael Company uses the percent - of - sales method for estimating bad debts expense. The company's bad debt expense is normally 3% of net credit sales which were $320,000 for the year. During the year $800 was written off. If the Allowance for Bad Debts account had a beginning debit balance of $1,600 what is the balance at the end of the year? A. $7,200 B. $9,600 C. $8,800 D. $8,000
Amount of bad debt written off during the year: $800. Allowance for bad debts at the end of the year: $8,800Thus, the correct option is C ($8,800).
The answer to the given problem is option C ($8,800). We have given that the Michael Company uses the percent-of-sales method for estimating bad debts expense. The company's bad debt expense is normally 3% of net credit sales which were $320,000 for the year. During the year $800 was written off. If the Allowance for Bad Debts account had a beginning debit balance of $1,600, then we have to find the balance at the end of the year.
The amount of bad debt expenses = Net credit sales × Rate of bad debts= $320,000 × 3% = $9,600So, the allowance for the bad debts at the end of the year would be $9,600 - $800 (written off) = $8,800.To check the correctness of the result, we will create an account reconciliation as follows: Allowance for bad debts at the beginning of the year: $1,600Add: Amount of bad debt expenses for the year: $9,600Less: Amount of bad debt written off during the year: $800. Allowance for bad debts at the end of the year: $8,800Thus, the correct option is C ($8,800).
To know more about Allowance, visit:
https://brainly.com/question/29549945
#SPJ11
According to your textbook, under USDA rules, organically grown produce cannot be treated with pesticides. synthetic 100% liquid chemical animal by-product based
Under USDA rules, organically grown produce cannot be treated with synthetic 100% liquid chemical animal by-product-based pesticides.
The fundamental objective of organic farming is to produce food in a manner that does not harm the environment, animals, or people. It embraces a holistic approach to farming, aiming to establish a self-sufficient and sustainable ecosystem that does not rely on artificial chemicals.
In organic farming, natural methods of pest control, crop rotation, and soil management take precedence over the use of synthetic pesticides. Organic farmers employ a variety of techniques to manage pests and diseases in their crops. One such technique is crop rotation, which involves changing the types of crops grown in a particular area from season to season. This helps disrupt pest life cycles and reduce the buildup of pests that are specific to certain crops.
Cover cropping is another effective method used in organic farming. It involves planting specific crops, such as legumes or grasses, to cover and protect the soil between main crop rotations. These cover crops help suppress weeds, improve soil fertility, and attract beneficial insects that prey on pests, thus reducing the need for pesticide intervention.
Organic farmers also rely on natural predators and beneficial insects to control pests. By creating habitats that support a diverse range of organisms, such as flowering plants to attract pollinators and insectaries to host beneficial insects, farmers can establish a balanced ecosystem that helps keep pest populations in check.
While organic farming allows the use of certain approved pesticides, these substances must be derived from natural sources and cannot be synthetic or animal by-products. The emphasis is on using environmentally friendly and biodegradable substances that pose minimal risks to the ecosystem and human health.
In summary, under USDA rules, organically grown produce cannot be treated with synthetic 100% liquid chemical animal by-product-based pesticides. Organic farming embraces a sustainable and holistic approach that relies on natural methods of pest control, crop rotation, and soil management. By adhering to these principles, organic farmers aim to produce food in an environmentally friendly manner, preserve biodiversity, and promote the overall well-being of ecosystems, animals, and people.
Learn more about Organic farming from the link given below:
brainly.com/question/22698584
#SPJ11
A. Mertain Bersinar Bhd started the year with merchandise inveritory that cost RM5,38400. Duning the year, Mentan Bersinar Bhd has the following transactions: i. Purchase RMB 8,000.00 worth of goods from suppliers, with the terms 210,n/30, FOB shipping point. Freight costs were RM1,420.00. in. Returned RME, 500.00 worth of those purchases to suppliers. in. Paid suppliers for purchases within the discourt period iv. Made RM 72,000.00 sales on account to customers of inventory that cost RMB6,000.00 V. Accepted RM648 .00 worth of sales retums from customers of goods that had an original cost to the fim of RM324:00. (Record both the sales and the cost components of the transaction) REQEIRED: a. Assume Mientan Bersinar Bhd uses a perpetual inventory system in recording inventory cost. Give the joumal entry for each of the following transactions. [16Marks] b. Post the relevant entries to the inventory I-account
The balance in the inventory account at the end of the year is RM560.00.
a. Journal Entries:
i. Purchase of goods from suppliers
Date Accounts Debit Credit
Inventory - RM 8,000.00
Accounts Payable 8,000.00
To record the purchase of goods from suppliers.
ii. Return of purchases to suppliers
Date Accounts Debit Credit
Accounts Payable 500.00
Inventory - RM 500.00
To record the return of goods to the suppliers.
iii. Payment to suppliers within the discount period
Date Accounts Debit Credit
Accounts Payable 7,320.00
Inventory - RM 7,320.00
To record the payment made to the suppliers within the discount period.
iv. Sale of goods to customers
Date Accounts Debit Credit
Accounts Receivable 72,000.00
Sales 72,000.00
Cost of Goods Sold 6,000.00
Inventory - RM 6,000.00
To record the sale of goods to customers and the corresponding cost of goods sold.
v. Return of goods from customers
Date Accounts Debit Credit
Sales Returns and Allowances 648.00
Accounts Receivable 648.00
Inventory - RM 324.00
Cost of Goods Sold 324.00
To record the return of goods from customers.
b. Inventory Account Entries:
Date Transaction Debit Credit Balance
Jan 1 Balance 5,384.00
Jan 1 Purchase 8,000.00 13,384.00
Jan 31 Return 500.00 12,884.00
Jan 31 Cost of Goods Sold 6,324.00 6,560.00
Feb 1 Balance 6,560.00
Feb 1 Sale 6,000.00 560.00
Feb 28 Return 324.00 884.00
Feb 28 Cost of Goods Sold 324.00 560.00
Mar 1 Balance 560.00
Therefore, the balance in the inventory account at the end of the year is RM560.00.
Learn more about inventory account here:
https://brainly.com/question/25456425
#SPJ11
Make a Leader Level of Analysis of the CEO Corie Barry of Best Buy with a. Introduction b. Leadership attributes and behaviors definition c. Corie Barry’s leadership attributes and behaviors d. The leadership attribute and behavior issues created by covid pandemic e. Actions taken by Corie Barry to overcome issues f. Resolution of issues g. Impact of overcoming the issues on a company wide scale (why did overcoming the issue matter? h. What other factors are involved? How is the leader paying attention to the problem and how is he/she currently handling it?
In the recent past, Best Buy has gone through a remarkable change in its business operations and leadership since the promotion of Corie Barry to the CEO position in 2019. The CEO Corie Barry of Best Buy was faced with numerous leadership challenges and opportunities, especially during the COVID-19 pandemic. The essay analyzes Corie Barry's leadership attributes and behaviors and the measures taken by her to tackle the leadership attribute and behavior issues created by the COVID-19 pandemic.
Leadership attributes and behaviors definition: Leadership behaviors and attributes refer to the qualities and attitudes that a leader exhibits in directing, motivating, and influencing their team members to achieve common goals. The traits include courage, communication skills, flexibility, empathy, and accountability.
Corie Barry’s leadership attributes and behaviors: Corie Barry has demonstrated various leadership attributes and behaviors, including strong communication skills, empathy, flexibility, and accountability. Corie Barry is an effective communicator who can articulate the company's objectives to its employees and stakeholders in a simple and understandable language. Corie Barry has shown empathy to her employees and has offered support to them during the pandemic, ensuring that they are safe and can work from home when necessary. Additionally, Corie Barry has been flexible in her approach to leadership, which has helped her to adapt to the changing business environment brought about by the pandemic.
The leadership attribute and behavior issues created by COVID-19 pandemic: The COVID-19 pandemic presented a range of leadership challenges for Corie Barry. Some of the leadership attribute and behavior issues included managing remote teams, handling employee health concerns, and dealing with supply chain disruptions. The pandemic also created an uncertain business environment, which required leaders to make quick and decisive decisions.
Actions taken by Corie Barry to overcome issues: Corie Barry took various actions to overcome the leadership attribute and behavior issues created by the COVID-19 pandemic. She provided support to the employees, ensured their safety and wellbeing by allowing them to work from home. Corie Barry was flexible in her approach to leadership and worked closely with the company's management team to make quick and decisive decisions to ensure the business continued to operate during the pandemic. Additionally, Corie Barry was empathetic to the employees' concerns, which helped to build a sense of trust and loyalty between them and the company.
Resolution of issues: The actions taken by Corie Barry to overcome the leadership attribute and behavior issues brought about by the COVID-19 pandemic were successful. Best Buy reported record sales and profits during the pandemic, which was attributed to the leadership of Corie Barry. The company's employees were also happy and felt valued during the pandemic, which boosted their morale and productivity.
Impact of overcoming the issues on a company wide scale: Overcoming the leadership attribute and behavior issues created by the COVID-19 pandemic was crucial for Best Buy as it helped the company to remain competitive in the market and retain its employees. Additionally, the successful resolution of the issues helped to build trust and loyalty between the company and its employees, which boosted productivity and reduced employee turnover.
Corie Barry has demonstrated effective leadership attributes and behaviors during her tenure as CEO of Best Buy, especially during the COVID-19 pandemic. Corie Barry was able to overcome the leadership attribute and behavior issues created by the pandemic through her strong communication skills, flexibility, empathy, and accountability. The successful resolution of the issues has had a positive impact on Best Buy's performance and employees' morale and productivity.
To know more about COVID-19 visit
https://brainly.com/question/30952543
#SPJ11
Below are transactions for Lobos, Inc, during the month of December. Calculate the amount of revenue to recognize a. Receive $1,200 cash from customers for services to be provided next month. b. Perform $900 of services during the month and bill customers. Customers are expected to pay next month.
Accounts receivable = $900 (customers are expected to pay next month) So, the total amount of revenue to recognize during December is $900
Given transactions: Below are transactions for Lobos, Inc, during the month of December. Calculate the amount of revenue to recognize a. Receive $1,200 cash from customers for services to be provided next month. b. Perform $900 of services during the month and bill customers. Customers are expected to pay next month. a. Receive $1,200 cash from customers for services to be provided next month . When the cash is received from customers for services that are to be provided next month, the revenue will not be recognized as per the accrual accounting method.
The cash is received for the upcoming services, so it will be considered as deferred revenue. It is recorded as a liability. No revenue will be recognized at this point. Deferred revenue = $1,200b. Perform $900 of services during the month and bill customers. Customers are expected to pay next month. When the services are performed for $900, and customers are billed for the same, the revenue will be recognized immediately.
However, the payment is expected to be received next month, so it will be treated as accounts receivable. The accounts receivable account is created, and the entry will be passed. Revenue = $900 Accounts receivable = $900 (customers are expected to pay next month) So, the total amount of revenue to recognize during December is $900.
To know more about accounting, visit:
https://brainly.com/question/20381852
#SPJ11
calculate the total tax (Federal and provincial) for a
taxable income of $82,381
The total tax (Federal and provincial) for a taxable income of $82,381 is $17,310.34.
Federal and Provincial Tax are calculated on the basis of the tax brackets. A tax bracket is a range of income to which a specific tax rate applies.
The federal government and provincial governments establish their tax brackets and rates.
The federal and provincial tax rates for Ontario are shown below in the table:
Federal Tax Brackets for 2020 Tax Year:
Provincial Tax Brackets for 2020 Tax Year:
The first thing you need to do is determine the taxable income that you have. After that, determine the appropriate tax rate for the taxable income, according to the table. After that, multiply the taxable income by the tax rate to get the amount of tax payable at that rate.
Add the federal tax amount to the provincial tax amount to get the total tax payable. Let's calculate the total tax (Federal and provincial) for a taxable income of $82,381 using this method.
According to the table above, the tax bracket for the taxable income of $82,381 is $47,630 to $95,259. The federal tax rate for this tax bracket is 20.5%. Let's calculate the federal tax amount:
Federal Tax = Taxable Income x Federal Tax Rate
Federal Tax = $82,381 x 20.5%
Federal Tax = $16,881.05
To calculate the provincial tax amount, we need to find the tax bracket in the provincial tax table. According to the table above, the tax bracket for the taxable income of $82,381 is $44,740 to $89,482. The provincial tax rate for this tax bracket is 9.15%. Let's calculate the provincial tax amount:
Provincial Tax = Taxable Income x Provincial Tax Rate
Provincial Tax = $82,381 x 9.15%
Provincial Tax = $3,429.29
The total tax payable is the sum of the federal tax amount and the provincial tax amount
Total Tax Payable = Federal Tax + Provincial Tax
Total Tax Payable = $16,881.05 + $3,429.29
Total Tax Payable = $20,310.34
Therefore, the total tax (Federal and provincial) for a taxable income of $82,381 is $20,310.34.
Learn more about a taxable income: https://brainly.com/question/33053500
#SPJ11
Required information [he following information applies to the questions displayed below] The equity sections for Atticus Group at the beginning of the year (January 1) and end of the vear inecamher. 2
Unfortunately, there is no information or data provided regarding the equity sections for Atticus Group at the beginning of the year (January 1) and end of the year in December.
Therefore, I cannot provide a detailed response to your question. Please provide the necessary information so that I can help you with your query. A balance sheet is a financial statement that records a company's assets, liabilities, and equity at a certain time.
It provides a snapshot of a company's financial position on a specific date by showing what it owns and what it owes. The equity section of a balance sheet lists all of the business's owners' claims against the assets of the company.
To know more about Unfortunately visit:
https://brainly.com/question/32185176
#SPJ11
Which of the following statements about business cycles would be correct regarding a true cycle?
Multiple Choice
O If business cycles were true cycles, they would have a constant amplitude and a constant periodicity.
O If business cycles were true cycles, they would have variability.
O If business cycles were true cycles, they would have a constant amplitude and a variable periodicity.
O If business cycles were true cycles, they would have a variable amplitude and a constant periodicity.
The correct statement about business cycles regarding a true cycle is: If business cycles were true cycles, they would have a constant amplitude and a constant periodicity.
Business cycles refer to the fluctuations in economic activity over time. A true cycle would exhibit a consistent pattern of periodicity, meaning that the duration of the cycles remains relatively constant. However, the amplitude, or the magnitude of the fluctuations, would vary from cycle to cycle. Economic cycles are known to vary in their intensity and duration, resulting in different amplitudes of expansion and contraction during each cycle. In a true cycle, the amplitudes, or the magnitude of fluctuations, would remain consistent from one cycle to another, indicating a stable pattern of expansion and contraction. Additionally, the periodicity, or the length and frequency of each cycle, would also remain constant. This would imply a predictable and regular pattern of economic activity.
However, it is important to note that in reality, business cycles are not always true cycles. They often exhibit variability in terms of both amplitude and periodicity. Economic conditions, external factors, and various shocks can lead to fluctuations in the amplitude and duration of business cycles, making them less predictable and consistent.
To learn more about, business cycles, click here, https://brainly.com/question/30167432
#SPJ11
An environmental group, wishing to stop the issuance by a federal agency of a mining permit to a coal company, commences an action in federal court against the federal agency, seeking, among other things, a permanent injunction barring the issuance of the permit to the coal company.
If the coal company seeks to join the litigation as a matter of right, must the federal court grant the motion?
If the coal company seeks to join the litigation as a matter of right, the federal court must grant the motion under certain conditions.
To join the litigation as a matter of right, the coal company must satisfy the requirements specified in the Federal Rules of Civil Procedure. These requirements typically include having an interest in the subject matter of the lawsuit, the potential of being adversely affected by the court's decision, and the ability to assert its own claims or defenses.
In this case, since the environmental group is seeking a permanent injunction to prevent the issuance of the mining permit to the coal company, it can be argued that the coal company has a significant interest in the outcome of the litigation. If the coal company can demonstrate that its rights or interests will be affected by the court's decision and it has a legally recognized claim or defense to assert, the federal court would likely grant the motion to join the litigation as a matter of right.
However, it is important to note that the specific circumstances of the case and the applicable jurisdiction's rules may influence the court's decision. Therefore, the coal company would need to present its arguments and meet the necessary legal criteria to be granted the right to join the litigation.
To know more about litigation, click here, https://brainly.com/question/15284945
#SPJ11
If
planned AE is $120 Billion and real GDP is $500 Billion, what is
unplanned investment?
-$620 Billion
$380 Billion
$620 Billion
-$380 Billion
If planned AE is 120 billion and real GDP is 500 billion, then unplanned investment is -380 billion.The correct option is d) .
The concept of "planned AE" refers to planned aggregate expenditure. AE is the sum of planned investment, consumption expenditure, government expenditure, and net exports.
Planned investment, on the other hand, is a segment of planned aggregate expenditure that represents the amount of investment planned by businesses or firms in a given year. Real GDP refers to the measure of an economy's output produced in a given year, adjusted for inflation. If planned AE is 120 billion and real GDP is 500 billion, then unplanned investment is -380 billion.
This is because planned AE is equal to real GDP. As a result, planned investment is equal to 120 billion, while unplanned investment is equal to the difference between planned investment and real investment. The negative sign indicates that investment spending is lower than planned, indicating that businesses are not investing as much as they had anticipated.
To know more about expenditure visit:
https://brainly.com/question/30063968
#SPJ11
Leaping Larry’s Belen Pawn Shop and Elvis Emporium lends money at an annual rate of 21 percent and compounds interest weekly (52 times per year). What is the actual rate being charged on these loans?
A) 26.16 percent
B) 23.32 percent
C) 22.49 percent
D) 20.56 percent
The actual rate being charged on these loans is approximately 0.404 percent. The actual rate being charged on loans at Leaping Larry’s Belen Pawn Shop and Elvis Emporium can be determined by using the formula for compound interest. The formula is:
A = P(1 + r/n)^(nt)
Where:
A = the final amount after interest
P = the principal amount (the initial loan amount)
r = the annual interest rate (as a decimal)
n = the number of times interest is compounded per year
t = the number of years
In this case, the annual interest rate is 21 percent, compounded weekly (52 times per year). We can plug in the values into the formula and solve for the actual rate:
A = P(1 + r/n)^(nt)
A = P(1 + 0.21/52)^(52t)
To calculate the actual rate being charged on these loans, we need to find the value of r. We can rearrange the formula and solve for r:
(1 + 0.21/52)^(52t) = (1 + r)^t
(1.004038)^t = (1 + r)^t
By comparing the exponents, we find that:
1.004038 = 1 + r
Simplifying the equation, we get:
r = 1.004038 - 1
r = 0.004038
Converting r to a percentage:
r = 0.004038 * 100
r ≈ 0.404 percent
Therefore, the actual rate being charged on these loans is approximately 0.404 percent.
To know more about Compound Interest visit:
https://brainly.com/question/14295570
#SPJ11
Find an organisation in which you'd like to work after graduation (it should be a real organisation that you can find online). a) What is the name of the organisation and what does it primarily do (what are its products/services)? (1 mark) b) From what you learn about the organisation's culture online (i) describe its espoused culture (1.5 marks) and (ii) identify one artefact and explain how it reflects or contradicts the espoused culture ( 1.5 marks) c) Using OB concepts covered throughout the semester, explain why you think you'll be successful in this organisation ( 5 marks) Find an organisation in which you'd like to work after graduation (it should be a real organisation that you can find online). a) What is the name of the organisation and what does it primarily do (what are its products/services)? (1 mark) b) From what you learn about the organisation's culture online (i) describe its espoused culture (1.5 marks) and (ii) identify one artefact and explain how it reflects or contradicts the espoused culture ( 1.5 marks) c) Using OB concepts covered throughout the semester, explain why you think you'll be successful in this organisation (5 marks)
a) Find a real organization online that you are interested in working for, b) You can look for tangible elements that represent its culture, c) apply the knowledge you have gained throughout the semester.
a) You would need to find a real organization online that you are interested in working for after graduation
b) To describe the espoused culture of the organization, you would need to research and analyze the organization's values, beliefs, and norms as stated on their website or other reliable sources.
For identifying an artifact that reflects or contradicts the espoused culture, you can look for tangible or visible elements within the organization that represent its culture. This could include symbols, office layout, dress code, or even employee behavior. Choose one artifact and explain how it aligns with or contradicts the espoused culture.
c) To explain why you think you would be successful in the organization using OB (Organizational Behavior) concepts, you can apply the knowledge you have gained throughout the semester. Consider the organization's culture, leadership style, motivation techniques, or teamwork dynamics.
To know more about organization, refer
https://brainly.com/question/25922351
#SPJ11
Compare the following five types of communication channels and, for each channel, please come up with at least one situation in which a channel outperforms the other channels listed.
Formal reports, bulletins
Email
Online discussion groups
Telephone conversations
Video conferences
Communication channels are essential in relaying messages from one person to another. The primary objective of communication is to ensure that the message transmitted is accurately interpreted by the recipient. The five different types of communication channels and their benefits are discussed below:
1. Formal reports and bulletins: Formal reports and bulletins are written pieces of communication. Reports provide an in-depth analysis of a situation, whereas bulletins are short and concise. These communication channels are beneficial for complex messages that require the provision of detailed data.2. Email: Email is a popular communication tool used by businesses to communicate with employees, customers, and vendors. It is beneficial in situations where documentation is necessary, as it provides an electronic trail of communication.
3. Online discussion groups: Online discussion groups are beneficial for brainstorming ideas and sharing information. They provide a platform for individuals to share their thoughts, opinions, and experiences.4. Telephone conversations: Telephone conversations provide immediate feedback. It is useful for discussing urgent issues that require clarification and feedback.5. Video conferences: Video conferences are an excellent tool for remote meetings. They provide a platform for participants to see and hear each other, making communication more personal and engaging. They are beneficial for situations that require visual aids, such as presentations or demonstrations.
Each communication channel has unique benefits that make it more effective in specific situations. For example, if an organization wants to provide a detailed analysis of a situation, formal reports and bulletins are more effective. If an organization wants to discuss urgent issues, telephone conversations are more effective.
If an organization wants to hold remote meetings, video conferences are more effective. Ultimately, the choice of communication channel depends on the message that needs to be communicated and the intended audience.
To know more about Communication visit-
brainly.com/question/30420548
#SPJ11
describe a problem that nigeria, as a rentier state, faces that has an impact on economic development
A rentier state is one that is heavily reliant on income from the rent of its natural resources or the resources of its land.
What is the problem?The problem that Nigeria, as a rentier state, faces that has an impact on economic development is the Dutch Disease.
The Dutch Disease is a phenomenon that occurs when a country experiences a significant increase in revenue from natural resource exports. This increase in revenue causes the country's currency to appreciate, making its other exports less competitive and imports cheaper. The resulting economic imbalance can harm the country's economy.In the case of Nigeria, the Dutch Disease has had a significant impact on economic development. Nigeria is heavily dependent on the export of crude oil for its income, with oil accounting for approximately 90% of its exports and 70% of government revenue. The oil sector's dominance in the economy has led to the underdevelopment of other sectors, such as agriculture and manufacturing. As a result, Nigeria is reliant on imports for much of its food and manufactured goods.The appreciation of Nigeria's currency as a result of its oil exports has made it difficult for other sectors of the economy to compete.The manufacturing sector, in particular, has been adversely affected, with imports being cheaper than locally produced goods.
Nigeria's reliance on oil exports also makes it vulnerable to fluctuations in oil prices. In times of low oil prices, the government's revenue decreases, leading to a reduction in government spending and investment.
This can have a ripple effect on the economy, with reduced investment leading to slower economic growth.
To know more on Investment visit:
https://brainly.com/question/14921083
#SPJ11
in this discussion, you will bring these concepts together by creating a uml use case diagram for the driverpass project.
In the driverpass project, a UML use case diagram is a visual representation that depicts the interactions between actors and the system.
It assists in identifying the use cases, actors, and their relationships, which aids in the identification of system requirements. This diagram allows for a better understanding of the requirements and provides an overview of the system.The following is the UML use case diagram for the driverpass project.
The actors involved in the project are the user, admin, and system. The system is the primary actor, whereas the user and admin are the secondary actors. The user can register, login, and view their account details. They can also book a ride, view the ride details, and cancel a booking.
To know more about UML visit:
https://brainly.com/question/30401342
#SPJ11
Vitex, Incorporated manufactures a popular consumer product and it has provided the following data excerpts from its standard cost system: \( / 10 \) *Applied to Work in Process during the period. The
Here's your answer:Vitex, Incorporated applies factory overhead to production at a predetermined rate of $ 10 per direct labor-hour. In February, Vitex incurred actual factory overhead costs of $ 76,500.
The predetermined rate is based on a planned operating volume of 24,000 direct labor-hours. The company worked only 20,500 direct labor-hours during February.1. The total amount of factory overhead that should have been applied to Work in Process during February was more than 200. This is because the predetermined rate was applied to the planned operating volume of 24,000 direct labor-hours.
2. The amount of under- or overapplied overhead for February is $ 5,500 overapplied. Since the predetermined rate is $ 10 per direct labor-hour, the total amount of factory overhead that should have been applied to Work in Process during February.
To know more about Incorporated visit:
https://brainly.com/question/31860502
#SPJ11
True/False: Stakeholders are any groups that have a stake-or a personal interest-in the performance and actions of an organization.
True.
Stakeholders are indeed any groups or individuals who have a stake or a personal interest in the performance and actions of an organization. They can include various parties such as employees, customers, shareholders, suppliers, government agencies, communities, and other entities that are affected by or have an influence on the organization's activities. Stakeholders often have different expectations, needs, and objectives, and it is important for organizations to consider and manage these interests to maintain positive relationships and sustainable operations.
Learn more about interest here:
https://brainly.com/question/32190011
#SPJ11
#7
all boxes outlined in blue need answers in
them
Required Information [The following information applies to the questions displayed below] Sedona Company set the following standard costs for one unit of its product for this year. Direct material (20
The standard cost per unit for Sedona Company's product is $65.00.
To answer question #7, the missing standard costs for labor and overhead are needed to be calculated. Below are the detailed explanation and calculations:
The standard cost per unit for direct materials is given as $20.00.
Similarly, the standard cost per unit for direct labor and manufacturing overhead need to be calculated.
Direct Labor: The Sedona Company uses a standard direct labor rate of $15.00 per hour.
According to the company's estimates, it takes 1.5 hours of labor to produce one unit of the product.
Hence, the standard labor cost per unit can be calculated as follows:
Standard labor cost per unit = Direct labor rate × Direct labor hours per unit
[tex]= $15.00 × 1.5 hours\\= $ < < 15*1.5\\=22.50 > > 22.50 per unit[/tex]
Manufacturing Overhead: The Sedona Company uses a predetermined overhead rate to allocate manufacturing overhead to each product.
The overhead rate is based on the estimated annual overhead costs and the estimated annual quantity of the activity.
The estimated manufacturing overhead for the year is $900,000, and the estimated activity is 60,000 direct labor hours.
Therefore, the predetermined overhead rate can be calculated as follows:
Predetermined overhead rate = Estimated annual overhead cost ÷ Estimated annual quantity of the activity
[tex]= $900,000 ÷ 60,000 hours\\= $ < < 900000/60000\\=15 > > 15.00 per hour[/tex]
According to the company's estimates, it takes 1.5 hours of labor to produce one unit of the product.
Therefore, the standard overhead cost per unit can be calculated as follows:
Standard overhead cost per unit = Predetermined overhead rate × Direct labor hours per unit
[tex]= $15.00 × 1.5 hours\\= $ < < 15*1.5\\=22.50 > > 22.50 per unit[/tex]
Hence, the standard cost per unit for Sedona Company's product can be summarized as follows:
| Direct Materials | Direct Labor | Manufacturing Overhead | Total |
|------------------|--------------|-----------------------|-------|
| $20.00 | $22.50 | $22.50 | $65.00 |
Therefore, the standard cost per unit for Sedona Company's product is $65.00.
Know more about cost per unit here:
https://brainly.com/question/205480
#SPJ11
The Federal Government takes a number of measurements to estimate/forecast GDP. One of these is measures is spending on Technology because technology investment makes us more productive. The more productive we are....the higher the GDP...
Should health care costs/spending be included in this? Why or Why not?
The Federal Government uses various measures to estimate and forecast GDP, one of which is spending on technology.
This is because technology investment can lead to increased productivity, which in turn can contribute to a higher GDP.
When considering whether healthcare costs/spending should be included in these measurements, it's important to understand the components of GDP.
GDP represents the total value of goods and services produced within a country's borders over a specific period.
It includes consumption, investment, government spending, and net exports.
While health care is an essential service and an important component of the economy, it is generally classified under consumption rather than investment.
Consumption refers to the spending by households on goods and services to satisfy their wants and needs.
Health care costs are typically considered personal consumption expenditures (PCE).
Including health care costs in measures of technology spending for GDP estimation may lead to double-counting.
If health care spending is already accounted for in the consumption component of GDP, including it in the technology spending component would result in an inflated estimation of GDP.
This could lead to inaccurate forecasts and misrepresentation of the economy's performance.
Know more about Federal Government here:
https://brainly.com/question/695831
#SPJ11
Suppose that you are the chief operating officer of an American company that fits the linear active culture. Your company has acquired a company in Nigeria, Africa. You have been assigned to run the lead operations in Nigeria. This company currently fits the mold of a multi-active culture. How would you apply or manage the cultural relationship between the headquarters and this subsidiary? To answer this question, address the following items:
Would you require the company in Nigeria to completely adhere to your mission, vision, and practices? Why or why not? In other words, would you expect this subsidiary to fully adapt to the company's American culture or would you allow the subsidiary to retain the essence of its existing culture?
Support your reasoning. Pay particular attention to:
"Multi-local," "one company," and "mixed-model" global strategies.
The 8 principles regarding global subsidiaries.
The elements of leadership, staffing, and communication.
As the chief operating officer of an American company with a linear active culture acquiring a company in Nigeria with a multi-active culture, it is important to find a balance between cultural integration and maintaining the subsidiary's essence.
1. Mission, Vision, and Practices: Instead of requiring complete adherence to the American culture, it would be beneficial to allow the subsidiary to retain the essence of its existing culture. This approach promotes employee engagement and avoids resistance to change. However, certain core elements of the mission, vision, and practices should be aligned to ensure consistency and a unified direction.
2. Global Strategies: A "mixed-model" global strategy would be suitable in this scenario. This strategy allows for a combination of centralization and localization. It ensures the integration of key elements while providing flexibility for local adaptation to cater to the Nigerian market.
3. Principles Regarding Global Subsidiaries: The 8 principles to consider are localization, autonomy, global integration, network relations, leveraging knowledge, organizational learning, shared values, and strategic control. These principles guide the management of cultural relationships and support effective decision-making and communication.
4. Leadership, Staffing, and Communication: Leadership should be diverse and inclusive, with a mix of American and Nigerian managers to foster cross-cultural understanding and effective communication. Staffing decisions should consider local talent, leveraging the subsidiary's existing knowledge and capabilities.
In summary, by adopting a mixed-model global strategy, allowing retention of the subsidiary's culture, considering the principles of global subsidiaries, and focusing on inclusive leadership, staffing, and communication, the cultural relationship between the headquarters and the subsidiary in Nigeria can be effectively managed. This approach balances cultural integration with local adaptation, fostering collaboration and success.
To learn more about subsidiary's essence
https://brainly.com/question/19998502
#SPJ11
Player 1 −2 Players - each player have 3 choices −2$,5$,10$ Player 2 (1) Strategy of the game (2) Nash Equilibrium (3) Mixed Equilibrium
Player 1 has three choices and Player 2 has one choice, we will analyze the strategy, Nash equilibrium, and the possibility of a mixed equilibrium.
(1) Strategy of the game:
Player 1 has three choices: -2$, 5$, and 10$. Player 2 has one choice, denoted as (1).
(2) Nash Equilibrium:
To determine the Nash equilibrium, we need to find a strategy combination where neither player has an incentive to unilaterally deviate from their chosen strategy. If Player 1 chooses -2$, then Player 2's best response is (1) regardless of their strategy. If Player 1 chooses 5$ or 10$, then Player 2's best response is still (1). Therefore, the Nash equilibrium is where Player 1 chooses any amount (either -2$, 5$, or 10$), and Player 2 always chooses (1).
(3) Mixed Equilibrium:
A mixed equilibrium occurs when players choose their strategies probabilistically, rather than deterministically. In this game, there is no possibility for a mixed equilibrium as Player 2 has only one choice (1), which means there is no variation or probability involved in their decision-making.
In summary, the strategy of the game involves Player 1 choosing between -2$, 5$, and 10$, while Player 2 always chooses (1). The Nash equilibrium is when Player 1 selects any amount, and Player 2 consistently chooses (1). However, there is no mixed equilibrium in this game because Player 2's strategy is fixed.
Learn more about nash equilibrium here:
https://brainly.com/question/28903257
#SPJ11
