Credit system refers to the type of financing that occurs when a business accepts immediate payment from a bank and a consumer agrees to pay back the bank.
An arrangement between a lender and a borrower constitutes credit, broadly speaking. A credit in accounting may reduce assets, raise liabilities, decrease costs, or enhance income.
A transfer from one bank account to another is known as a bank payment. It is a type of electronic transfer of funds that makes use of technology.
Credit transfers, checks (including US checks), direct debits, and card payments are the standard bank account-based payment options. The procedure by which money is sent from the payer's (i.e., the buyer's) account to the payee's (i.e., the seller's) account is the same fundamental payment process in all of these variants.
To learn more about Credit, refer
https://brainly.com/question/16141577
#SPJ4
Equipment acquired at a cost of $105,000 has an estimated residual value of $12,000 and an estimated useful life of 10 years. It was placed into service on May 1 of the current fiscal year, which ends on December 31. a. Determine the depreciation for the current fiscal year and for the following fiscal year by the straight-line method. 9,300) x Year 1 Year 2 b. Determine the depreciation for the current fiscal year and for the following fiscal year by the double-declining-balance method. Depreciation Year 1 21,000 X Year 2
1. Based on the straight-line method, the Depreciation Expense for the current fiscal year is $6,200 ($9,300 x 8/12).
2. Based on the straight-line method, the Depreciation Expense for the following fiscal year is $9,300 ($93,000/10).
3. Based on the double-declining-balance method, the Depreciation Expense for the current fiscal year is $14,000.
4. Based on the double-declining-balance method, the Depreciation Expense for the following fiscal year is $18,200.
Data and Calculations:
Cost of equipment = $105,000
Estimated residual value = $12,000
Estimated useful life = 10 years
Date of put into use = May 1
Depreciable amount = $93,000 ($105,000 - $12,000)
Annual depreciation expense based on the straight-line method = $9,300 (93,000/10)
Double-declining=balance method:
Depreciation rate = 20% (100/10 x 2)
Depreciation for the first year = $14,000 ($105,000 x 20% x 8/12)
Reduced balance after the first year = $91,000 ($105,000 - $14,000)
Depreciation for the second year = $18,200 ($91,000 x 20%)
Learn more about Expense here
https://brainly.com/question/27961230
#SPJ4
business data goes through a cycle that includes data collection, data , data correction, data processing, data storage, and documentation production.
The cycle of business data includes the phases of data gathering, data editing, correction, processing, storage, and documentation generation.
What is data editing?Data editing is the use of checks to find missing, inconsistent, or invalid information or to identify potentially incorrect data records. No matter what kind of data you are dealing with, different stages or phases of data gathering and processing include different modifications.Data cleaning is a crucial component of improving data quality for statistical analysis. Data editing is the process of ensuring and verifying the accuracy of data by cleaning it up. Currently, data editing is a little-discussed yet incredibly crucial step in the data collection process. Data collection, editing, correction, processing, storage, and documentation creation are all steps in the cycle of business data.Therefore, the cycle of business data includes the phases of data gathering, data editing, correction, processing, storage, and documentation generation.
Know more about data editing here:
https://brainly.com/question/26711803
#SPJ4
Correct question:
Business data goes through a cycle that includes data collection, data __________, data correction, data processing, data storage, and documentation production.
determine the planned percent increase if last year's sales were $460,000, and this year's sales are planned at $480,000.
Given in question that;
Planed Sales of this year is $480,000
Planned sales of last year is $ 460,000
According to planning our sales is increasing and business is getting in profit,
So,Planed percent increase in sales = (Planed Sales of this year - Planned sales of last year)/Planned sales of last year × 100
Thus,Planned percent increase in sales = = [(480000 - 460000)/460000]×100
= [200000/460000]×100
= [1/23] × 100
= 0.23
Hence, Planned percent Increase in sales is 0.23%
Learn More about Sales here ; https://brainly.com/question/29436143?referrer=searchResults
#SPJ4
lisa smith works for abc company in newton, ma and she would like to know how much would be the minimum age and service requirements in her company to participate in a retirement plan?
Lisa Smith needs to be at least 21 years of age and should have worked for at least one year with the company to participate in a retirement plan.
What are retirement plans?
Retirement plans ensure that the money they put into their plans while they were employed will still be there when they retire.
Retirement plans establish minimum requirements for retirement programs in the private sector. For instance, if your employer administers a retirement plan it must specify when you must be permitted to enroll, how long you must work before you have a non-forfeitable interest in your benefit, how long you can be absent from work without it potentially affecting your benefit, and whether your spouse is entitled to a portion of your benefit in the event of your demise.
Examples of popular retirement plans are:
- Individual Retirement Arrangements(IRA)
- 401(k)
- Roth IRA
- SEP IRA
Lisa Smith needs to be at least 21 years of age and should have worked for at least one year with the company to participate in a retirement plan.
To know more about retirement plans, check out:
https://brainly.com/question/29393946
#SPJ4
a corporation sold 11,500 shares of its $10 par value common stock at a cash price of $13 per share. the entry to record this transaction would include:
A Credit to common stock For $115,000.
Stock includes all of the shares by means of which ownership of a enterprise or company is split. A unmarried percentage of the inventory approach fractional possession of the organisation in share to the total range of stocks.
A stock is a shape of protection that suggests the holder has proportionate ownership in the issuing enterprise and is offered predominantly on inventory exchanges.
Corporations problem stock to raise funds to operate their agencies. There are most important styles of inventory: common and preferred.
Learn more about stock here : https://brainly.com/question/25765493
#SPJ4
explain the importance and growth of modern and sales promotion. describe the sales promotion techniques used in the consumer market.
Sales promotion is a range of marketing strategies intended to increase brand awareness and increase demand for particular products. Because it has a set deadline, it creates fresh leads, conveys urgency, and maintains clients' interest.
What function do promotions for sales serve?Creating new leads Sales promotions improve customer acquisition by offering customers discounts, freebies, trial periods, and other incentives. Many potential consumers are willing to test out a product for less money in the hopes that they would continue doing business with you if they enjoy it.
What are some methods for boosting sales?Permits for trade: a temporary reward offered to a retailer to entice them to stock up on a product. Dealer loader: An incentive given to a retailer to persuade them to purchase and display a product. Trade competition: A contest to recognize the shopkeepers who sell the most goods.
Giving away free samples, hosting contests or sweepstakes, distributing coupons, offering rebates, and setting up point-of-purchase displays are just a few examples of common sales promotion tactics.
Learn more about sales promotion: https://brainly.com/question/13975307
#SPJ4
sort the following features based on whether they correspond to active margins, passive margins, or both. quizle
The feature that corresponds to the respective margins will be active margins and passive margins
What corresponds to the respective margins?The active margins include:
Formation of igneous rock.
Submarine lava eruptions.
Trench.
Accretionary prism.
Mid-oceanic ridge.
The passive margin include:
Gentle continental slope.
Few or more earthquakes.
Continental rise.
Broad continental shelf.
The features that fall under both active and passive margins will be:
Underlain by oceanic crust.
Formation of sedimentary rock.
Can be adjacent to thick continental crust.
It should be noted that the difference between active and passive margin is whether the crystal boundary that's between the lithosphere and the continental lithosphere is a plate boundary or not.
To know more about active margins, refer:
brainly.com/question/20358724
#SPJ4
Active margins & passive margins will be the features that correspond to the various margins.
What are passive margins?A passive plate margin is a boundary between the oceanic as well as continental lithosphere that wasn't an active plate boundary. An old rift that is now identified by transitional lithosphere gives rise to a passive edge through sedimentation. New ocean basins are formed through continental rifting.
What are active margins?On the continent's leading edge, where it is colliding with an oceanic plate, there is an active continental margin. The west coast of South America is a prime illustration. Tectonic activity, such as earthquakes, volcanoes, mountain construction, and the creation of new igneous rock, frequently occurs along active boundaries.
To know more about passive margins visit:
https://brainly.com/question/11505884
#SPJ4
Hack Wellington Co. is considering a three-year project that will require an initial investment of $35,000. It has estimated that the annual cash flows for the project under good conditions will be $60,000 and $5,000 under bad conditions. The firm believes that there is a 60% chance of good conditions and a 40% chance of bad conditions. If the firm is using a weighted average cost of capital of 9.0000%, what will be the expected net present value (NPV) of the project? $61,189 $45,892 $52,011 $58,130
The expected net present value (NPV) of the project is
weighted average 9% (=r) Expected Present value CF
cost of capital Cash flow Cash flow Cash flow PVC
Year(t) Good(CF1) Bad(CF2) CF=60%*CF1+40%*CF2 (=CF/(1+r)^t)
0 -35,000 -35,000 -35000 -35000
1 60,000 5,000 38000 34862.3853
2 60,000 5,000 38000 31983.83974
3 60,000 5,000 38000 29342.97224
NPV $ 61,189
(=sum of above PVCs)
A fine NPV means the funding is profitable; an NPV of 0 indicates the inflows and outflows are balanced; and a bad NPV way the investment is not applicable. To calculate NPV, subtract today's discounted value of all expected destiny returns from the ultra-modern price of all anticipated investments.
NPV is calculated by taking the existing value of all cash flows over the lifestyles of a project. Then, the prevailing price of coin flows is subtracted from the funding's initial funding. If the difference is effective (more than 0), the challenge might be profitable.
Learn more about NPV here https://brainly.com/question/17053574
#SPJ4
lense laboratories' net income was $250,000. given the account information below, what is the net operating cash flows for lense laboratories?
The net operating cash flows for lense laboratories will be $312,000.
Provided that:
Increase in Accounts Receivable - $60,000
Increase in Salaries Payable - $50,000
Decrease in Inventory - $30,000
Depreciation Expense - $45,000
Increase in Prepaid Insurance - $3,000
The distinction between net operating cash flow and gross operating cash flow is that net operating cash flow includes interest and tax expenses, both of which are impacted by the financial structure (level of indebtedness).
A measure of a business's capacity to produce cash from operations is called net operational cash flow, or NOCF. It is computed by deducting a company's operating cash flow from its capital expenditures.
A company's capacity to pay operational costs, service debt, and make investments can be evaluated using the NOCF.
Financial costs (loan interest) and corporate income tax are subtracted from gross operational cash flow to determine net operating cash flow.
To know more about income tax, visit:
https://brainly.com/question/26316390
#SPJ4
If gdp grows more rapidly than population for a particular country over a period of time, then we can determine that.
It can be determined that there is an increase in the GDP per capita when the GDP of a country grows more rapidly than the population of a particular country over a period of time.
GDP per capita can be referred to or considered as the final value of the goods and services produced in an economy per compared to the total population of the economy, which has been taken into consideration. When the rate of increase in GDP is more than the increase in population, an increase in the GDP per capita is experienced.
Learn more about GDP per capita here:
https://brainly.com/question/14493435
#SPJ4
one of the approaches to organizing projects is to simply manage them within the existing hierarchy of the organization, which involves delegating different segments of the project to respective functional units. (enter only one word per blank.)
Organizing Projects within the Functional Organization.
What is project organization?The coordination, communication, and management techniques a team use during the course of a project are referred to as project organization. The way a project is organised promotes team engagement and values individual talents and abilities.Functional, matrix, and projectized organisational structures are the three different types. The degree of project management power, financial accountability, resource accessibility, and full- or part-time status are characteristics of each.The three most typical arrangements are chronological order, geographical arrangement, and significance order.An organisational structure chart that graphically depicts each person's position inside the project structure lays out the team engagement. Project organizational charts are helpful for defining responsibilities, gaining support, and establishing group expectations.Learn more about project organization refer to :
https://brainly.com/question/28572340
#SPJ4
premium on common stock:multiple choiceoccurs when a corporation sells its stock for more than par or stated value.is the difference between par value and issue price when the amount paid is below par.
Premium on common stock is the difference between par value and issue price when the amount paid is below par.
A stock, also known as fairness, is a protection that represents the possession of a fragment of the issuing agency. gadgets of stock are known as "stocks" which entitle the owner to a proportion of the organization's property and profits same as how tons stock they personal.
Peter Lynch recognized six classes of shares: gradual growers, stalwarts, speedy growers, cyclicals, turnarounds, and asset performers. legendary inventory market investor Peter Lynch identified six classes of stocks: sluggish growers, stalwarts, rapid growers, cyclicals, turnarounds, and asset performers.
Learn more about stock here: https://brainly.com/question/690070
#SPJ4
which of the following is not true about the implications for cost and revenue and market segmentation?
The segmentation strategy is typically associated with lower costs than a standardization strategy is not true about the implications for cost and revenue and market segmentation.
What is market segmentation?Market segmentation is a marketing term that refers to the grouping of potential buyers into groups or segments that share common needs and respond in the same way to marketing intervention. market segmentation allows companies to target different groups of consumers who perceive the full value of certain products and services differently from one another.
Advantages of market segmentation;
Increased resource efficiency: Marketing segmentation allows management to focus on specific demographics or customers. Stronger brand image: The marketing segment forces management to think about how it wants a certain group of people to see it. Once the market segment is identified, management must consider what message to create. Better potential for brand loyalty: Marketing segmentation increases the chances of consumers to build a long-term relationship with a company.To learn more about market segmentation, refer;
https://brainly.com/question/27993208
#SPJ4
which concept refers to where one organization owns multiple participants in the supply chain? supply chain management vertical integration intensive distribution horizontal integration
Vertical integration refers to where one organization owns multiple participants in the supply chain.
Vertical integration is a word used in microeconomics, management, and international political economy to describe a situation in which a firm's supply chain is integrated and owned by that company.
Typically, each link in the supply chain creates a unique product or (market-specific) service, and the combined products work to meet a single need. In contrast, horizontal integration occurs when a corporation manufactures a number of similar products.
In addition to common ownership, vertical integration has also been used to describe management strategies that integrate significant elements of the supply chain into a single company (as in the 1920s when the Ford River Rouge Complex began making much of its own steel rather than buying it from suppliers).
To know more about vertical integration:
https://brainly.com/question/1396264
#SPJ4
Which is better tariff or subsidy?.
Tariff is always better than subsidy.
To safeguard the import-competing industry, one may employ both a tariff and a production subsidy.
Yeh (1971) demonstrated that, in large countries, a tariff is preferable to a production subsidy, provided that the level of support needed for the import-competing industry is not higher than the level required when the optimum tariff is in place.
The answer demonstrates that taxes and subsidies can always be arranged, supporting the claim that exporters do not respond to policies in importing countries. Even if the help promised to domestic producers surpasses that realized under the optimal tariff, tariffs will still be preferred to subsidies.
To know more about tariffs:
https://brainly.com/question/22685610
#SPJ4
A. In the short run, the price of squeakykleen is $ g 2 and the quantity is 30. B. The efficient price of squeakykleen is $ 1. 50 and the efficient quantity is 40. C. What is the deadweight loss?
The deadweight loss is -2.5. Deadweight loss is a loss in total surplus that happens once the economy produces an inefficient amount.
We tend to check out an example of the govt. regulation costs, and terminated that a deviation from the equilibrium amount is what causes a deadweight loss.
Loss = .5* (P2 - P1) * (Q1 - Q2).
=0.5* (2-1.50)* (30-40)
=0.5* (0.50) * (-10)
=-2.5
The deadweight loss is -2.5.
A deadweight loss may be a price to society created by market unskillfulness, which happens once offer and demand are out of equilibrium. primarily employed in economic science, the deadweight loss will be applied to deficiency caused by an inefficient allocation of resources.
To learn more about deadweight loss, visit here
https://brainly.com/question/13719669
#SPJ4
Insurance companies face the problem of when people with highest probability of getting the insurance payoffs are the ones who purchase insurance. Multiple Choice moral hazard adverse selection O agency costs O fraud О over-insurance
Insurance comp-anies face the problem of when people with high-est probability of getting the insurance pay-offs are the ones who pur-chase insurance. This is call-ed adverse selection.
What is adverse selection?Adverse selection is when sell-ers have inform-ation that buyers do not have, or vice versa, about some asp-ect of pro-duct quality. It is thus the tend-ency of those in dangerous jobs or high-risk lifes-tyles to purchase life or dis-ability insurance where chances are greater they will col-lect on it.
Adverse selection is the pheno-menon that bad risks are more like-ly than good risks to buy insur-ance. Adverse select-ion is seen as very import-ant for life insur-ance and health insurance.
To know more about adverse selection click below:
brainly.com/question/28482601
#SPJ4
which posters does the occupational safety and health act (osha) require most businesses to display? choose 3 answers.
The posters that the occupational safety and health Act (OSHA) require most businesses to display are:
A. the "Family and Medical Leave Act" posterB. the "Job Safety and Health Protection" posterC. the "Fair Labor Standards Act" posterWhat does the occupational safety and health act provide?The Occupational Safety and Health Act, is a federal law passed by the Congress in 1970 to ensure safe workplace conditions around the country. The legislation established the federal Occupational Safety and Health Administration (OSHA), which sets and enforces workplace health and safety standards.
The Act applies to most private sector employers and their workers, in addition to some in the public sector. In conclusion, the Occupational Safety and Health Act serves as the enforcement arm of the act, applying fines and penalties to employers that violate its rules, standards, and guidelines.
Missing options "the "Job Safety and Health Protection" poster, the "Fair Labor Standards Act" poster, the "Family and Medical Leave Act" poster, the "Fire Escape Routes" poster".
Read more about Occupational Safety and Health Act
brainly.com/question/14364473
#SPJ1
suppose the government injects $1,000 into the economy and the marginal propensity to consume (mpc) is 0.8. the initial round of spending adds $1,000 to the economy, while round 2 adds $ and round 3 adds $ .
$640 as people use 80% of $800 while the remaining is saved when the marginal propensity is 0.8 .
What does marginal propensity mean?
The percentage of a consumer's increase in overall salary that they choose to spend on goods and services rather than save is known as the marginal propensity to consume (MPC) in economics.
What is MPC and MPS?
The percentage of additional household income that is saved is known as the marginal propensity to save (MPS).
MPC is the percentage of a household's additional income that is used for consumption or other purposes.
The economy as a whole is significantly impacted by consumer behavior regarding spending and saving.
First round adds $1000
Second round adds $1000 * 0.8 = $800 as people use 80% of $1000
Third round adds $800 * 0.8 = $640 as people use 80% of $800
while the remaining is saved.
Learn more about marginal propensity
brainly.com/question/19089833
#SPJ4
auditors learned of a two-for-one stock split on february 1, 20x3. if dual dating is used, what are the proper dates for the auditors' report?
For the above situation, when dual dating is to be used by the auditors of the firm, the proper dates for auditor's report will be January 25 and February 1. Therefore, the option B holds true.
An auditor's report can be referred to or considered as a report that is a verified report showing the financial statements or accounting records of a company. Only a duly audited report can be considered as acceptable for dual dating system.
Under the method of dual-dating, the date on which the audit is completed and the data on which an additional information is conveyed to the auditors, both the dates are taken into consideration for an auditor's report.
Learn more about an auditor's report here:
https://brainly.com/question/15859181
#SPJ4
Complete question
The Orange Corporation was audited for the year ended December 31. The audit was completed on January 25; prior to the release of the report, auditors learned of a two-for-one stock split on February 1. If dual dating is used, what are the proper dates for the auditors' reports?
A. December 31 and January 25
B. January 25 and February 1
C. January 25 and February 15
D. February I and February 15
match the type of alliance (on the left) with its definition (on the right). non-equity alliance non-equity alliance drop zone empty. equity alliance equity alliance drop zone empty. joint venture
Contract-based partnerships are known as non-equity alliances, equity alliances are partnerships and in at least one partner acquires a stake in the other, and joint ventures are newly formed organizations.
What does social alliance mean?In order to address both environmental and challenges, social coalitions are voluntary collaborations of two or more entities with various organizational structures, such as enterprises, governments, and nonprofits. These alliances do this by pooling resources, expertise, and capacities.
What exactly is a global alliance?An alignment is a collection of nations that band together to advance their shared strategic interests in foreign policy. Alliances frequently agree to provide military assistance if one of their members is threatened; this formal commitment is known as "mutual security."
To know more about alliance visit:
https://brainly.com/question/17245460
#SPJ4
What are the specific objectives of most central bankers ?.
The central bank is the country's premier financial institution. It plays several important roles in the smooth functioning of the economy.
Central banks issue money on behalf of governments. It formulates monetary policy on behalf of the government. It acts as a government banker. She works as a banker in a commercial bank.She oversees all financial institutions. Commercial banks are responsible for providing services to businesses and consumers. Fiscal policy is formulated by the government. Governments are also responsible for ensuring economic growth.
The central bank's key role is to implement monetary policy to achieve price stability (low and stable inflation) and to manage economic volatility. A central bank's primary objective is to ensure financial stability. Depending on the country, the central bank's goals may differ, as follows: B. Managing Inflation, Unemployment, Interest Rates or Exchange Rates. However, all of these objectives are consistent with the primary objective of ensuring financial stability.
Learn about central bank:
https://brainly.com/question/13381523
#SPJ4
Consumer surplus will _____ when a monopolist goes from single-price monopoly to perfect price discrimination. Remain the same increase decrease initially increase and then return to its original level.
The consumer surplus will shrink as the monopolist switches from monoprice monopoly to perfect price discrimination. Remain the same increase lower initially increase and then return to the original level.
A consumer surplus occurs when the price consumers pay for a product or service is less than the price they are willing to pay. It is a measure of the added benefit that consumers receive because they pay less for something than they are willing to pay.
Consumer surplus occurs when consumers are willing to pay more for a particular product than the current market price.
Consumer Surplus BasicsThe concept of consumer surplus was developed in 1844 to measure the social benefits of public goods such as national highways, canals and bridges. It has become an important tool in the field of welfare economics and the formulation of tax policies by governments.
Consumer surplus is based on the economic theory of marginal utility, which is the additional satisfaction a consumer gets from one more unit of a good or service. The usefulness of an item or service varies from individual to individual based on their personal preference.
Typically, the more of a good or service consumers have, the less they are willing to spend more, because of the diminishing marginal utility or additional benefits they receive.
Learn more about consumer surplus at https://brainly.com/question/15416023.
#SPJ4
Murray hires Ginny as a sales representative and agrees to pay her a 15 percent commission on all her sales. One month later, Murray pays Ginny a 5 percent commission on her sales, explaining that the company was cutting back on overhead. Which of the following types of breaches describes this scenario?
Partial breach
Anticipatory breach
Substantial breach
Total breach
Repudiation breachTotal Breach
Ginny is hired by Murray as a sales agent, and he promises to give her a 15% commission on all of her sales. Murray gives Ginny a 5% commission on her sales a month later and justifies it by saying that the business is reducing expenses. So, total breach describes this scenario.
A breach of a contract happens when at least one party fails to carry out their responsibilities in accordance with the terms of the agreement since a contract will call for each party to do something (known as the performance required by the agreement). Data breaches are most often the result of compromised or stolen credentials. If dishonest thieves know your account and password, they have access to your network.
When one party doesn't carry out even one of the pact's requirements, there is a total violation of the contract. A complete breach can involve not sending any products to fulfill a sizable request.
To know more about Breach here
https://brainly.com/question/27337145
#SPJ4
FILL IN THE BLANK. your buyer client is following your advice and has obtained title insurance. the policy is from __ and shows the legal description of the property and the standard items it covers, such as encumbrances of record.
Your buyer client is following your advice and has obtained title insurance. the policy is from California Land Title Association and shows the legal description of the property and the standard items it covers, such as encumbrances of record.
Purchase cash mortgages permit the consumer to maintain identify to the belongings, however the supplier has protection hobby withinside the belongings.
A certificate of identify, identify insurance, or a Torrens certificate is normally used to show ownership. An proprietor comes to a decision to promote his belongings and discovers that there's a lien on his identify for a swimming pool he paid off 10 years ago.
Learn more about insurance here:
https://brainly.com/question/25855858
#SPJ4
when a company recognizes a cash payment for interest expense on a bond that was issued at a discount:
Net income decrease;
total assets decrease
If the advertised interest rate on the bonds is lower than the current market interest rate, investors are likely to pay less than the face value of the bonds when a company issues them.
Investors benefit from a higher return on their increased investment by doing this. If this is the case, the issuing company records the additional amount as interest expense by storing the amount of the discount (the difference between the face value and the amount paid) in a contra liability account and amortizing it over the bond's duration.
If the advertised interest rate on the bonds is lower than the current market interest rate, investors are likely to pay less than the face value of the bonds when a company issues them.
Investors benefit from a higher return on their increased investment by doing this. If this is the case, the issuing company records the additional amount as interest expense by storing the amount of the discount (the difference between the face value and the amount paid) in a contra liability account and amortizing it over the bond's duration.
To know more about bonds, visit:
https://brainly.com/question/25965295
#SPJ4
sell or process further dakota coffee company produces columbian coffee in batches of 7,500 pounds. the standard quantity of materials required in the process is 7,500 pounds, which cost $6.00 per pound. columbian coffee can be sold without further processing for $9.80 per pound. columbian coffee can also be processed further to yield decaf columbian, which can be sold for $11.60 per pound. the processing into decaf columbian requires additional processing costs of $6,300 per batch. the additional processing will also cause a 5% loss of product due to evaporation.
a. The differential analysis dated December 11 are shown as below
Sell Process Differential
Regular Further into Effect
Columbian Decaf on Income
(Alternative 1) Columbian (Alternative 2)
(Alternative 2)
Revenues 73500 82650 9150
Costs -45000 -51300 -6300
Income (Loss) 28500 31350 2850
b. Price of Decaf Columbian 11.20 per pound
What is price?Price is the value or money that customers give up for a specific offer that would satisfy their needs and wants. Simply put, price is a measure of the value a customer will exchange to purchase an offering. Prices act as an economic mechanism by which supply can be distributed among customers in the market. They are also indicators of how much supply is required and how much is offered or available.
The price of the product is the total value of the offer, which includes the value of all raw materials used in the offer and the value of the service. The price of the service takes into account all the elements related to the provision of the service, what it is.
Decaf Columbian units 7125 =7500*(1-5%) a. Differential Analysis
Sell Regular Columbian (Alt. 1) or Process Further into Decaf Columbian (Alt. 2)
December 11
Sell Process Differential
Regular Further into Effect
Columbian Decaf on Income
(Alternative 1) Columbian (Alternative 2)
(Alternative 2)
Revenues 73500 82650 9150
Costs -45000 -51300 -6300
Income (Loss) 28500 31350 2850
b.. Price of Decaf Columbian 11.20 per pound=11.60-(2850/7125)
Workings:
Sell Process
Regular Further into
Columbian Decaf
(Alternative 1) Columbian
(Alternative 2)
Revenues =7500*9.80 =7125*11.60
Costs =7500*6 =45000+6300
Dakota Coffee Company produces Columbian coffee in batches of 7,500 pounds. The standard quantity of materials required in the process is 7,500 pounds, which cost $6.00 per pound. Columbian coffee can be sold without further processing for $9.80 per pound. Columbian coffee can also be processed further to yield Decaf Columbian, which can be sold for $11.60 per pound. The processing into Decaf Columbian requires additional processing costs of $6,300 per batch. The additional processing will also cause a 5% loss of product due to evaporation.
a. Prepare a differential analysis dated December 11 on whether to sell regular Columbian (Alternative 1) or process further into Decaf Columbian (Alternative 2). If required, use a minus sign to indicate a loss.
b. Determine the price of Decaf Columbian that would cause neither an advantage nor a disadvantage for processing further and selling Decaf Columbian. Round your answer to two decimal places.$ per pound
To learn more about price, refer;
https://brainly.com/question/19091385
#SPJ4
Tyler earns a salary of $150,000 and invests $60,000 for a 20% interest in a passive activity. Operations of the activity result in a loss of $250,000, of which Tyler's share is $60,000. Of these amounts, $60,000 is suspended under the at-risk rules and $30,000 is suspended under the passive loss rules.False
The statement of these amounts, $60,000 is suspended under the at-risk rules and $30,000 is suspended under the passive loss rules is false.
What is passive activity loss rule?Passive activity loss rule can be defined as the rule that tend to prevent people from claiming a losses deduction that is related to the business operation they do not partake in.
The amount of $0 of Tyler loss will be suspended under the at-risk rules, thereby leaving a potential deduction of the amount of $60,000 in which the $60,000 loss is as well be suspended under the passive loss rules.
Therefore the statement is false.
Learn more about Passive activity here:brainly.com/question/14778373
#SPJ1
Modifier -25
Modifier -25 is used to report an E/M service on a day when another service was provided to the patient by the same individual. To assign modifier -25 correctly, there must be a medical necessity to provide a separate, additional E/M service on the same day a procedure was performed or another service was provided. By adding modifier -25, you are stating that the service was separate from the procedure or original service. Use
of modifier -25 increases the potential of receiving payment for the service.
Used to report the decision for surgery for certain codes.
Scientific necessity is a criminal doctrine in the u.s.a. associated with sports that can be justified as reasonable, vital, and/or suitable based on evidence-based scientific standards of care. In assessment, useless health care lacks such justification.
Medicare defines medically important as fitness care services or elements had to diagnose or deal with an infection, injury, condition, sickness, or its symptoms and that meet prevalent requirements of medicine.
Medically necessary or clinically Necessity method health care services that a physician, exercising prudent scientific judgment, might offer to an affected person. The service has to be: For the reason of comparing, diagnosing, or treating contamination, harm, disorder, or its signs.
Learn more about medical necessity here:-https://brainly.com/question/12646017
#SPJ4
joe brings $20,000 in cash to bank a and buys five cashier's checks. then he deposits them in bank b. if this transaction is part of a money laundering scheme, it represents which stage in the process?
If joe brings $20,000 in cash to bank a and buys five cashier's checks. then he deposits them in bank b. if this transaction is part of a money laundering scheme, it represents layering stage in the process.
What is Layering stage?Layering stage can be defined as the stage in which a person tend to make use of cash or cash equivalents to buy financial instruments that can be converted to clean money.
Based on the scenario Joe is engaging in layering because he brings the amount of $20,000 in cash to the bank to buy five cashier's checks.
Therefore this is an example of layering stage.
Learn more about financial instruments here:https://brainly.com/question/21662535
#SPJ1
