Answer:
Companies typically know the gross profit margin they need to pay back their expenses and generate positive net income and cash flow. Once your company knows the cost of sales (cost of goods and services sold) of a particular product and the Gross Profit Margin Target it wants, it can easily employ a GPMT strategy.
Thomas Company has a sales budget for next month of $1,000,000. Cost of goods sold is expected to be 25 percent of sales. All goods are paid for in the month following purchase. The beginning inventory of merchandise is $50,000, and an ending inventory of $64,000 is desired. Beginning accounts payable is $160,000.
For Thomas Company, the ending accounts payable should be:
A. $341,000
B. $356,000
C. $314,000
D. $414,000
Answer:
$264,000
Explanation:
Calculation for the ending accounts payable
First step is to find the cost of goods sold
Using this formula
Cost of goods sold=Sales budget * Sales percentage
Let plug in the formula
Cost of goods sold=$1,000,000*25%
Cost of goods sold=250,000
Second step is to calculate for the ending accounts payable
Using this formula
Ending accounts payable=Ending inventory + Cost of goods sold - Beginning inventory
Let plug in the formula
Ending accounts payable= $64,000 + $250,000 - $50,000
Ending accounts payable= $264,000
Therefore the Ending accounts payable will be $264,000
How have newer work models made the workplace more efficient?
Explanation:
Don't be Afraid to Delegate. While this tip might seem the most obvious, it is often the most difficult to put into practice. ...Match Tasks to Skills. ...Communicate Effectively. ...Keep Goals Clear & Focused. ...Incentivize Employees. ...Cut Out the Excess. ...Train and Develop Employees. ...Embrace Telecommuting.Answer:
1)Assign a task to the person with the right skills. When a new assignment arises, managers tend to think: "Who on my staff has time to take this on?" This is not an effective way to make a decision.
2)Limit meetings: Let's face it: Unless it's a necessary client meeting or important brainstorm session, nine times out of 10,
3)Systematize processes to save people time. There may be old ways of doing things in your company that take up a lot of time. When you ask managers why you do things that way, they may say: "Well, that's just how we've always done it."
4)Provide quiet, uninterrupted spaces to work. This goes back to those colleagues disrupting your work to discuss personal issues. Most people work better in an environment without a lot of noise. Cubicle farms make it hard to accomplish meaningful work. The open physical layout of many offices today, as well as "open-door" policies establish an open invitation for co-workers to interrupt others.
5)Determine where people need to be located. Companies are beginning to realize that telework saves them money and greatly increases productivity. Employees working from home tend to accomplish more than their counterparts sitting in an office. This is mainly due to the lack of office distractions listed above and the extra time people can put into work since they can start and end their day during typical commute times. Also, business travel is not always a necessity, as it is both a high monetary and time cost to incur.
Explanation:
Hope it HELPS you .....
Salespeople need to know how to ____________ leads, that is identifying good leads and screening out poor ones, at the beginning of the selling process.
answer choices
approach
qualify
consolidate
generate.
manage
Salespeople need to know how to qualify the leads, that is identifying good leads and screening out poor ones, at beginning of selling process.
What is screening?In the field of economics, the term "screening" refers to a method of preventing adverse selection, which is one of the possible issues that could arise when the agent with less information must make a decision in the face of asymmetric information. Two agents frequently have a long-term connection, while it is not required. Fundamentally, the screening approach entails the "screener" making an effort to get further knowledge or insight into any private information that an other economic agent may be in possession of but that agent is initially unaware of before the transaction is finalized. Because there is less information asymmetry when such information is gathered, the screening agent can participate in transactions with greater knowledge. In order to acquire a clearer image of the informed party, industries that use screening are able to separate beneficial information from incorrect information.
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True or false? The employer records amounts deducted from employee payroll as liabilities until it pays them to the appropriate organizations.
True. When an employer deducts amounts from an employee's payroll, such as taxes, insurance premiums, or retirement contributions, it is required to keep accurate records of these deductions.
True. When an employer deducts amounts from an employee's payroll, such as taxes, insurance premiums, or retirement contributions, it is required to keep accurate records of these deductions. These records are considered liabilities until the employer pays them to the appropriate organizations. This is because the employer has a legal obligation to remit these amounts on behalf of the employee, and failure to do so can result in penalties and fines. Keeping accurate payroll records is essential for compliance with tax laws and employment regulations. Employers must also maintain records of employee wages, hours worked, and other relevant information to ensure accurate payment of wages and benefits. In summary, employers must maintain thorough and accurate payroll records to ensure compliance with legal and regulatory requirements and to protect both the employee and the employer.
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the world’s poorest people spend about what percentage of their income on food?
Main Answer:
The world's poorest people spend a significant portion of their income on food, often around 50% or more.
For the world's poorest populations, basic necessities like food consume a large portion of their limited income. In many developing countries, a significant percentage of the population lives in poverty and struggles to meet their daily nutritional needs. As a result, a substantial portion of their income is allocated towards purchasing food.
Several factors contribute to the high percentage of income spent on food by the world's poorest people. Firstly, low-income individuals often lack access to affordable and nutritious food options, leading to higher expenditure on basic staples. Limited access to agricultural resources, infrastructure, and markets can drive up the prices of food, making it a substantial portion of their budget.
Furthermore, poverty often limits the ability to engage in agricultural activities or generate income from other sources. Lack of employment opportunities, low wages, and unstable income streams further restrict their financial resources, making it challenging to allocate significant amounts to non-food expenses.
The high percentage of income spent on food underscores the vulnerability of the world's poorest populations to food price fluctuations, inflation, and other economic shocks. Any increase in food prices can have severe implications for their well-being, potentially pushing them further into poverty and compromising their overall quality of life.
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In the United States cartels are Multiple Choice quite common in industries that produce nondurable goods. concentrated in monopolistically competitive industries. in violation of the antitrust laws. encouraged by government policy so firms can achieve economies of scale.
The United States cartels are in violation of the antitrust laws.
What is Antitrust Law?
Antitrust Law is the US based law which is based on the federal laws that how to regulate the conduct in the business in order to promote the competition and remove the monopoly of one single company.
The purpose of the US cartels is look after the market prices and curtail the monopoly of the one industry.
In order to maximize profit and disturb market equilibrium, two or more competing enterprises must collude to agree on selling prices or quantities.
Thus The United States cartels are in violation of the antitrust laws.
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Suppose a customer at a restaurant is deciding whether or not to order dessert. Marginal thinking means that the customer should compare: Group of answer choices the additional benefit from the dessert with the additional cost of the dessert. the total benefit from the entire meal and dessert with the additional cost of the dessert. the total benefit from the entire meal and dessert with the total cost of the meal and dessert. the marginal benefit from the meal with the marginal cost of the dessert. PreviousNext
Answer:
the additional benefit from the dessert with the additional cost of the dessert.
Explanation:
According to economics, everyone should act by comparing the marginal benefits obtained by purchasing a good or service vs the marginal cost of obtaining this good or service.
In this case, the customer places a certain value on the utility received from consuming dessert, and if that value is equal or higher to the cost of the dessert, then the consumer will order and eat it. If the perceived value of the benefits received form consuming the dessert are lower than the cost of the dessert, then the consumer will not order it.
When using an outside expert, a complete _____ should indicate funding for the project and the process by which the organization will determine its level of satisfaction.
A. cohabitation agreement
B. letter of intent
C. certificate of occupancy
D. articles of incorporation
E. request for proposal
When using an outside expert, a complete _E. request for proposal_ should indicate funding for the project and the process by which the organization will determine its level of satisfaction.
What does "request for proposal" mean?
An RFP is a business document that outlines a project, requests proposals for its completion from qualified contractors, and announces the project. The majority of organizations, including many governments, favor using RFPs to start projects.
When using an RFP, the organization asking for bids is in charge of assessing the viability of the bids submitted, the financial standing of the companies submitting bids, and each bidder's capacity to carry out the project.
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What can a boosted post help an advertiser achieve?
A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
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An increase in depreciation expense will ____ cash flows from operations.
a. increase
b. not affect
c. decrease
An increase in depreciation expense will decrease cash flows from operations.
A cash flow statement is a valuable measure of a company's strength, profitability, and long-term future prospects. CFS helps determine whether a company has sufficient liquidity or cash to pay its expenses. Businesses can use his CFS to forecast future cash flows, thus helping with budgeting.
Cash flow is defined as the amount of money that flows into or out of a business over a period of time. Cash flow is important because it allows us to meet existing financial obligations and plan for the future. Still, cash flow is a common challenge for small businesses.
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What does indigenous technology mean?
Answer: I hope this is helpful mark brainlist if right then no if wrong
Explanation:
Indigenous technology is used by the native inhabitants of a country or region and it constitutes an important part of its cultural heritage. Characteristically, indigenous technologies: Are recognized as animate, imbued with the breath of life and they live in form and function.Technologies employed by the native inhabitants of a country and which constitute an important part of its cultural heritage and should therefore be protected against exploitation by industrialized countries; the problem of indigenous knowledge has been discussed during the Rio Conference but it does not receive much ...Types of indigenous technology in India are; (i) Generic Drugs. (ii) Thorium based Nuclear Reactors. (iii) Plastic RoadsIndigenous Technology is created within a sensory environment that builds on our sense of relationship, meaning, balance, feeling, memory and place as well as sight, sound, smell, taste and touchIndigenization is the process by which Indigenous ways of knowing, being, doing and relating are incorporated into educational, organizational, cultural and social structures of the institution.One example of Indigenous Technologies in action today can be witnessed in differential approaches to medicine. Medical technologies in the Western Scientific sense of the term might conjure images of biomedical research labs, electromagnetic monitors or imaging systems such as CT or MRI scans.Indigenous technology is used by the native inhabitants of a country or region and it constitutes an important part of its cultural heritage. Characteristically, indigenous technologies: Are recognized as animate, imbued with the breath of life and they live in form and function.
hurry please!!!giving brainliest!
Answer:
A
Explanation:
if an economy at full employment experiences a fall in aggregate demand, what can the government do to help the situation? select all that apply: increase government spending decrease government spending increase taxes on individuals and businesses reduce taxes on individuals and businesses
Aggregate demand for is a term utilized in macroeconomics to explain the whole call for for goods produced regionally, inclusive of client items, offerings, and aggregate call for is a dimension of the total amount of demand for Capital items.
Combination demand, but, reveals the whole sum of the market for every unmarried product and provider that an economy produces and expresses it as a total dollar fee. as an instance, a country may want to have an combination demand for goods and services same to $1B in step with year.
Mixture call for is calculated as the sum of customer spending, funding spending, authorities spending, and the distinction between exports and imports. on every occasion the sort of factors modifications and whilst aggregate demand stays steady, then there's a shift in combination call for.
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Teresa is considering purchasing a home for $220,000 by taking out a loan with an interest rate of 4.3% for 30 years. What would her monthly payment be?
Use the monthly payment formula to calculate the monthly payment for this loan:
M =
M = monthly payment
P = principal
r = interest rate
t = number of years
Answer:
$1,088.144
Explanation:
The applicable formula is as below as derived form annuity concepts.
M = PV × r
1 − (1+r)−n
where p= $220,000
r = 4.3% interest rate per year;
Per month interest rate = 0.043 /12=0.00358
r = 30 year, in months = 30 x 12 =360
Therefore
M= $220,000 x 0.00358
1-(1+0.00358) ^ - 360
M=$220,000 x 0.00358
1 - 0.2762
M = $220,000 x(0.00358 /0.7238
M = $220,000 x 0.00494611
M = $1,088.144
The volume of a cube is found with the formula V = s3, where s is the length of an edge of the cube. A container in the shape of a cube has a volume of 125 cm³. What is the depth of the container? Th
The depth of the container is 5 cm as the volume of a cube with 5 cm edge length is 125 cm³.
The given volume of the container is 125 cm³. We know that the volume of a cube is given by the formula V = s³, where s is the length of the cube. Therefore, we can use the formula to find the edge length of the container: V = s³ 125 = s³
Taking the cube root of both sides to solve for s, we have s = 5.
Therefore, the length of an edge of the container is 5 cm. Since the container is a cube, all three sides are of equal length. Therefore, the depth of the container is also 5 cm. Hence, the depth of the container is 5 cm.
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What country borders the caspian sea, the persian gulf, and the gulf of oman?.
Iran, is the country that borders the Caspian sea, the Persian gulf, and the gulf of Oman.
Which countries lie along the Caspian sea, the Persian gulf and the gulf of Oman?Iran country lies in the Middle-East of the Iraq and Pakistan, that borders the Caspian sea, the Persian gulf, and the gulf of Oman.
The inland sea is connected to the Gulf of Oman from the East and the countries that lie along the Persian Gulf and the Gulf of Oman are Oman, Iraq, Kuwait, Saudi Arabia, etc.
Strait of Hormuz connects the the Persian Gulf to the Arabian Sea.
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When capabilities serve as a source of competitive advantage for a firm over its rivals, the firm has created a(n):_________
When capabilities serve as a source of competitive advantage for a firm over its rivals, the firm has created a Core competence.
What is core competence?Core Competence alludes to a collection of extraordinary abilities, tactics, movements, or technology that distinguishes an industry leader from an average competitor. It is a key factor in a company's ability to outperform its rivals and gain a competitive edge over them. The following are the three defining qualities of core competence:Customers see it as having value.It can be used in more markets.It makes it challenging for competing businesses to copy.The system of the organization, which governs how employees connect with one another, and the cumulative expertise of the individuals are what make the company unique.
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When will the Mini Toolbar appear?
when you type text
when you press the Delete key
when you select text
when you first open a file
Answer:
It is C on edge 2021
Explanation:
Answer:
(c) when you select text
Explanation:
The tool bar appears when you select text to provideoptions depending on what you would like to do with the text.
Which is not a task of the bankruptcy trustee?
ensures that the debtor begins repayment
gathers the debtor's funds in excess of exemptions
monitors the progress of a bankruptcy case
represents the debtor when meeting with the creditors
Answer:
The option which is not a task of the bankruptcy trustee is;
Represent the debtor when meeting with creditors
Explanation:
In a case of bankruptcy a bankruptcy trustee is assigned by the court and to whom the case information is handed to perform the following tasks
1) Converts the collected company assets to money
2) Assess the creditors (owed by the debtor) proof of claims
3) Allocate monetary refunds to the creditors
4) Upholds or refuse claimants to specific debts
5) Completes tax and other financial reports that are submitted to government agencies
Answer:
Which is not a task of the bankruptcy trustee? That would be: Represents the debtor when meeting with the creditors.
Explanation:
Why? Because he is not a lawyer. He wouldn't really be able to do much in court.
the use of this type of deed has largely been supplanted by a grant deed due to the practice of securing title insurance policies, which have reduced the importance of express warranties in deeds?
Yes, the use of the Quitclaim Deed has largely been replaced by a Grant Deed due to the increased availability of title insurance policies.
What is insurance policies?Insurance policies are legally binding contracts between an insurance company and an individual or business. These contracts outline the terms and conditions of the insurance coverage, including the type and amount of coverage, the premiums that must be paid, and the terms of payment.
When a property is sold using a Quitclaim Deed, the seller does not provide any warranties related to the title of the property, meaning that the buyer is taking on a significant risk in trusting that the deed is good and valid. Title insurance policies provide the buyer with financial protection in the event that any problems with the title arise in the future. By contrast, a Grant Deed does provide the buyer with certain warranties, such as that the property is free from encumbrances and third-party claims. As such, many people prefer the extra protection offered by the Grant Deed, even if it means paying a little extra for the title insurance policy.
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Joe, Jeff and Jerry Frank own Frank Brothers Farm, a seed company specializing in seed corn. At their weekly meeting they tried to calculate the portion of the farm's overhead expenses that is fixed and the portion that is variable. Over the past twelve months, the number of bushels of seed corn that has been sold reached its peak in May, when the total monthly overhead costs totaled $290,000 for 90,000 bushels of seed corn sold. The lowest number of bushels sold in the last twelve months occurred in December, when total overhead costs were $70,000 for 10,000 bushels sold. What is the fixed portion of the monthly overhead expenses?
Answer:
Fixed costs= $42,500
Explanation:
Giving the following information:
May:
Total monthly overhead costs totaled $290,000 for 90,000 bushels of seed corn sold.
December:
Total overhead costs were $70,000 for 10,000 bushels sold.
To calculate the fixed component, we need to use the high-low method.
First, the variable component:
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (290,000 - 70,000) / (90,000 - 10,000)
Variable cost per unit= $2.75
Now, the fixed costs:
Fixed costs= Highest activity cost - (Variable cost per unit * HAU)
Fixed costs= 290,000 - (2.75*90,000)
Fixed costs= $42,500
Fixed costs= LAC - (Variable cost per unit* LAU)
Fixed costs= 70,000 - (2.75*10,000)
Fixed costs= $42,500
IM TIMED!!!Understanding and documenting the criteria before beginning work toward a goal is necessary to ensure the
goal is.
measurable
attainable
specific
relevant
To Understanding and documenting the criteria before beginning work toward a goal is necessary to ensure the relevant. Any communicable material used to describe, clarify, or provide instructions regarding certain characteristics of a thing.
A system, or a procedure, such as its components, assembly, installation, maintenance, and use, is considered documenting. documentation criteria protecting sensitive data and making available to interested parties thorough records of workplace activities. The routine of keeping correct records offers a reachable, manageable foundation for dealing with problems. By encouraging knowledge sharing, documentation helps your team learn how procedures work and what typical project outcomes look like.
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1. Two of the goals for this course are to help students (1) form coherent moral evaluations about business situations and (2) act with integrity in business situations. Consider one of these goals - formation or integrity - and explain what it is and how it has been addressed by the course content so far. What else do you think the course needs to address in order to advance the goal you are considering
The two objectives of the course are related, as an individual encouraged to form coherent moral assessments of business situations is more likely to act with integrity in business.
How important is business ethics?It is essential that each professional maintain an ethical posture in all spheres of their life, especially in the workplace, as ethics contributes to the improvement of the micro and macro environment such as:
Strengthening organizational cultureProductivityDevelopmentMotivationStakeholder perceptionTherefore, business-related integrity is essential for every employee and leader as it will increase reliability and generate greater added value over an organization's processes, products and services.
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On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $85,050 in assets in exchange for its common stock to launch the business. On October 31, the company’s records show the following items and amounts. Retained earnings, October 1 as $0.
ERNST CONSULTING Income Statement
For Month Ended October 31 is $850
ERNST CONSULTING Income Statement
For Month Ended October 31
Revenues
Consulting fees earned $15,040
Total revenues $15,040
Expenses
Rent expense $4,530
Salaries expense $8,090
Telephone expense $880
Miscellaneous expenses $690
Total expenses $14,190
Net income $850
($15,040-$14,190)
Inconclusion ERNST CONSULTING Income Statement For Month Ended October 31 is $850
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Do I have any college students on here willing to help me with a project? It's for my personal finance class. I'm in college but I'm a high schooler. I have to make a report on what the average college student spends. I will not be asking for bank card/account info or anything of that sort. No social security numbers or phone numbers. If you'd be willing to help me out thanks!!
Explanation: I'm a VERY smart 7th grader. : )
Answer:
i'm not in college but i can help you if you need help
Explanation:
The presence of a price control in a market for a good or service usually is an indication that.
In the absence of price regulations, officials considered that the price that was in place in that market was unjust to either buyers or sellers.
What is the difference between the buyer and seller?Buyer is the one who buys or purchase the goods and services from the seller, he has to give some amount of money to purchase the commodity
Seller is the one who sells or give the goods and services to the buyer in return for the money.
Thus, In the absence of price regulations, officials
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Sydnee would like a chart to appear once in her report, but she is having trouble making this occur. She does not understand why the chart is showing multiple times in the report. What is most likely causing the problem?
The chart is placed in the header and footer of a database.
The chart is placed in the field of a database.
The chart is placed in a database with one group.
The chart is placed in a database with five groups.
Answer:
The chart is placed in a database with five groups.
Hope this helped.
Johnson Bailey and Kailey Clark's corporation, Bailey-Clark Financial, is branching out into the field of escrow handling. They know the corporation must be licensed by the State of California. There are a total of 5 officers, trustees, and other employees who will have access to the money or negotiable securities in the possession of the corporate license, and have furnished a bond of indemnification against loss. Has the corporation fulfilled all necessary licensing requirements to work in escrow handling?
Answer: No
Explanation:
In carrying out proper work that has to do with financial claims, it is relevant to always consider all terms in place before carrying out the work. Johnson Bailey and Kailey Clark's corporation, Bailey-Clark Financial must meet the requirements in section A and B in addition and the cooperation must furnish a surety bond in some amount depending on what's considered on yearly basis on average trust fund obligations.
If the price of a pencil is $1.00 and the price of a pen is $2.00, what is the relative price? If the pencil
is $1.50 and the pen is $3.002 If the pencil is $2.00 and the pen is $3.00?
If the price of a pencil is $1.00 and the price of a pen is $2.00. 3 dollars will be the relative price.
$1 + $2 = $3
A price relative is the ratio of the charge of a selected product in a single period to the rate of the identical product in a few different period. In buying power parity (PPP) comparisons a rate relative refers to the ratios of the equal product in two international locations.
The nominal price of a great is its value in phrases of cash, including bucks, French francs, or yen. The relative or actual rate is its fee in terms of some other suitable, carrier, or package of goods.
Relative-price movements convey critical facts approximately the scarcity of specific items and offerings. A growing relative charge suggests that call for is outstripping deliver (or that supply is falling at the back of call for), while a falling relative price denotes just the other.
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