Sheridan Beverage Company reported the following items in the most recent year.
Net income $49,000 Dividends paid 6,810 Increase in accounts receivable 13,660 Increase in accounts payable 8,660 Purchase of equipment (capital expenditure) 9,020 Depreciation expense 5,660 Issue of notes payable 22,020
Compute net cash provided by operating activities, the net change in cash during the year. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in CashIssue Notes Payable Increase in Accounts Receivable Decrease in Accounts Payable Increase in Accounts Payable Purchase of Equipment Dividends Net Income Decrease in Accounts Receivable Depreciation Expense Compute free cash flow.Free Cash Flow $Brief Exercise 5-12 Keyser Beverage Company report
Answers
Answer:
Net cash provided by operating activities $49,660
Net change in cash $55,850
Explanation:
Computation for the Net cash provided by operating activities
Net income$49,000
Add Increase in accounts payable 8,660
Add Depreciation expense 5,660
Less Increase in accounts receivable (13,660)
Net cash provided by operating activities $49,660
Cash flow from investing activities
Less Purchase of equipment (capital expenditure) (9,020)
Cash flow from financing activities
Add Issue of notes payable 22,020
Less Dividend (6,810)
Cash flow from financing activities 15,210
(22,020-6,810)
Net change in cash $55,850
($49,660-9,020+15,210)
Therefore Net cash provided by operating activities will be $49,660 and the Net change in cash will be $55,850
Related Questions
Potential investment are offering return of 8% per period. Given an initial investment of $2500 how much cash would be available at the end of four periods?
Answers
Answer:
Principle=$2500
Time=4yrs
Rate=8℅
Now,
\( i = \frac{p \times t \times r}{100} \)
\( = \frac{2500 \times 4 \times 8}{100} \)
\( = 800\)
At the end of four periods $800 would be available
hope it helps you
Evaluate whether Min-Chul is right to focus more on non-financial motivators than financial
motivators to attempt to motivate employees.
Answers
The most prevalent financial motivations occur at work and entail monetary rewards. These are your extrinsic motives, often known as carrots and sticks, which are used to encourage and reward employees for specific achievement behaviors.
Financial incentives drive workers and make them aware of what they stand to gain or lose depending on their performance when they are effectively conveyed. The employee can more easily provide for their families and materially better their lives outside of work thanks to this kind of inducement. Financial incentives can also raise short-term morale and productivity.
Naturally, not everyone is driven by money, and Gallup has discovered that there is no connection between engagement and pay scale. In addition, because of their monetary character, financial motivators frequently have declining returns. Less frequent non-financial motivators are frequently intangible and do not explicitly involve money. These can take various forms, such as acknowledgment, increased accountability and faith in a position, involvement in decisions, adaptable schedules, mentoring, feedback, and others.
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Suggest and explain four activities that would be ""customer focused"" in nature
Answers
Answer:
1. Efficient customer-care
2. Personalization of products
3. A transparent distribution network
4. Requesting feedback from customers
Explanation:
An organization that is customer-focused has policies in place that are relatable to the customer and make his journey through the business easier.
Activities and policies that are customer-focused in nature include;
1. A well trained customer service personnel that listen to the needs of the customers, and solve them.
2. Designing of products that fit into the needs of customer segments shows that the organization has the customers at heart.
3. Honesty and clarity in dealing with customers at every stage of the business shows that the organization is customer-focused.
4. Feedback requests helps the organization know what the customer's concerns are and how to deal with them.
What was Joy’s first invention? What did she wish her parents had done with it originally to make it successful?
Answers
The first invention that Joy had to her name was a dog collar.
Her wish was that her parents had patented the collar and gotten a lawyer to make it successful.
Who is Joy Mangano?Joy Mangano is an inventor that has many patents to her name. Her first invention was a type of dog collar which had a quick release.
For it to have been successful, she wishes that her parents her got a lawyer and patented her design so that they would have produced the collar and profited from it.
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Identify what can happen to an entrepreneur who is personally liable for their business in cases of legal, financial, or other business problems.
Answers
Answer: an entrepreneur who is liable for their business can have major problems for a business like earning less money they can still have a business but it will be hard to have co workers in the business
Explanation:
When contesting enforcement actions, you have ___ days to request a conference with a MSHA District Manager if you disagree.
Answers
When contesting enforcement actions, you have 10 days to request a conference with an MSHA District Manager if you disagree.
What is MSHA?MSHA is an acronym for Mine Safety and Health Administration which works to provide safety and healthy environment to US miners who are at the workplace by ensuring better safety features to avoid any kind of accidents or injuries.
Enforcement action is referred to as the action of implementation applied to any initiative taken by the department. It ensures that one has 10 days to request for a meeting if you disagree with the proposal. This meeting will be conducted with the district manager who handles the operations.
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mike intentionally leaves out the details regarding the actual costs associated with a project so that he can get the project approved by his manager. mike's misrepresentation illustrates , a barrier to effective communication.
Answers
In a case whereby Mike intentionally leaves out the details regarding the actual costs associated with a project so that he can get the project approved by his manager then Mike's misrepresentation illustrates filtering, a barrier to effective communication.
What is effective communication?Effective communication can be described as the process of exchanging ideas, thoughts, opinions, knowledge, so that there would be a message which is been received and understood with clarity and purpose.
It should be noted that when we communicate effectively, both the sender as well as the receiver feel satisfied however with the communication which is effective, all parties involved will be satisfied and feeling accomplished through the delivering messages clearly, hence in the case above the filtering, a barrier to effective communication can be seen.
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complete question:
Mike intentionally leaves out the details regarding the actual costs associated with a project so that he can get the project approved by his manager. Mike's misrepresentation illustrates ________, a barrier to effective communication.
Accounts receivable turnover. (Assume that all sales are on account.) (Round your answer to 2 decimal places.) 2. Average collection period. (Use 365 days in a year. Round your intermediate calculations and final answer to 2 decimal places.) 3. Inventory turnover. (Round your answer to 2 decimal places.) 4. Average sale period. (Use 365 days in a year. Round your intermediate calculations and final answer to 2 decimal places.) 5. Operating cycle. (Round your intermediate calculations and final answer to 2 decimal places.) 6. Total asset turnover.
Answers
Answer:
1. 7.38 times
2.49.46 days
3.5.81 times
4.62.82 days
5.112.78 Days
6. 1.64 times
Explanation:
1. Calculation to determine Accounts receivable turnover
First step is to calculate Account Receivable
Account Receivable = (beginning Account Receivables + ending Account Receivables)/2
Account Receivable = ( $9100+12300)/2
Account Receivable = $ 10700
Now let calculate the Account Receivables Turnover Ratio
Account Receivables Turnover Ratio = Sales / average Account Receivables
Account Receivables Turnover Ratio= $79000/10700
Account Receivables Turnover Ratio=7.38 times
2) Calculation to determine Average collection period
Average Collection Period = 365/ Account Receivables turnover ratio
Average Collection Period= 365 days /7.38
Average Collection Period=49.46 days
3) Calculation to determine Inventory turnover
First step is to calculate the Average Inventory
Average Inventory = (beginning inventory + ending inventory)/2
Average Inventory= ( $9700+8200)/2
Average Inventory= $ 8950
Now let calculate the Inventory Turnover Ratio
Inventory Turnover Ratio = Cost of goods sold / average inventory
Inventory Turnover Ratio= $52000/8950
Inventory Turnover Ratio= 5.81 times
4). Calculation to determine Average sale period.
Average Sales period = 365/ inventory turnover ratio
Average Sales period= 365 days /5.81
Average Sales period= 62.82 days
5). Calculation to determine the Operating cycle
Operating Cycle = Average Sales Period + Average Collection Period
Operating Cycle =49.96+62.82
Operating Cycle = 112.78 Days
6) Calculation to determine Total asset turnover
Fire step is to calculate the Average Assets
Average Assets = (beginning Assets + ending Assets)/2
Average Assets= ( $45960+50280)/2
Average Assets= $ 48120
Now let calculate the Assets Turnover Ratio
Assets Turnover Ratio = Sales / average Assets
Assets Turnover Ratio= $79000/48120
Assets Turnover Ratio= 1.64 times
How does the company’s focus on recruiting accountants and related services give Accountingfly a competitive advantage?
Answers
In order for a company to make a profitable growth, it must have good terms of accounts and finance people.
The services that may lead the company to focus on competitive advantage are the benefits of hiring those accounts that are honest, hard-working and work with deadlines. The company recruitment can make a competitive advantage by taking in top-notch accountants and giving large pays thereby attracting more clients. It also does this by working with the approved rules, standards, and regulations.Hence the option D is correct.
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1. Some businesspeople believe that elimination agents and wholesalers reduce their operating expenses. Discuss the opportunity costs associated with eliminating intermediaries.
Answers
1. While eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.
Eliminating intermediaries such as elimination agents and wholesalers reduce operating expenses, but it also has associated opportunity costs that businesses need to consider. One of the primary costs is the loss of the expertise and value-added services that intermediaries offer to businesses and customers. Eliminating intermediaries may result in businesses taking on additional responsibilities and expenses such as marketing, distribution, and logistics.
This may result in the need for additional staff and resources to ensure that products reach customers on time. Furthermore, eliminating intermediaries may also result in reduced customer access to products, as intermediaries are often responsible for finding new markets and customer segments. In this case, businesses may need to invest additional resources to market and promote their products to reach new customers.
In conclusion, while eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.
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Your friend Stan owns a coffee shop in a monopolistically competitive industry. One day, Stan tells you (an economist) that he is earning an economic profit and is setting his price equal to his marginal cost. Is Stan producing the profit-maximizing amount of coffee? What should he do?
Answers
In a monopolistically competitive industry, each firm has some control over the price it sets due to product differentiation.
Stan mentioned that he is earning an economic profit and setting his price equal to his marginal cost. To determine whether he is producing the profit-maximizing amount of coffee, we need to consider a few factors.
1. First, let's understand the relationship between price, marginal cost, and profit maximization. In a competitive market, profit maximization occurs where marginal cost equals marginal revenue. However, in monopolistic competition, firms have some market power, so the profit-maximizing quantity occurs where marginal cost equals marginal revenue, not price.
2. Setting the price equal to marginal cost does not necessarily guarantee profit maximization. If Stan's price is equal to marginal cost, it means that he is covering his variable costs, but it does not take into account his fixed costs. To maximize profit, Stan should set his price above marginal cost, considering both variable and fixed costs.
3. If Stan is currently earning an economic profit, it suggests that he may not be producing the profit-maximizing amount of coffee. In monopolistic competition, firms tend to have excess capacity, meaning they produce less than the quantity that would minimize average total cost. By increasing his output, Stan may be able to reduce his costs and increase his profit.
Considering these factors, here are a few suggestions for Stan:
- Conduct a cost analysis: Stan should evaluate his fixed and variable costs to understand the full picture of his expenses. By knowing his costs, he can set a more informed price and determine the profit-maximizing quantity.
- Consider demand elasticity: Stan should also assess the price elasticity of demand for his coffee. If demand is relatively elastic, a small price increase may result in a significant decrease in quantity demanded, potentially reducing his profits. On the other hand, if demand is inelastic, Stan may be able to increase his price without a significant drop in sales.
- Experiment with pricing: Stan could consider experimenting with different prices to find the optimal point that maximizes his profit. By monitoring customer response to different prices, he can identify the price that generates the most revenue while covering his costs.
By taking these steps and considering the unique characteristics of monopolistic competition, Stan can better position his coffee shop for long-term success and profitability.
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What should you do when you open a checking account?
A) Open a savings account and link it to your checking account.
B)Try to sign up for true overdraft protection, even though you have to pay
for it.C. Both A and B.
Answers
Answer: both a and b
Explanation:
Which is NOT a benefit of family members sharing household responsibilities?
OA.
Household responsibilities can be completed in less time
OB. Family members spend more time outside exercising
O C. Family members feel united in keeping the house running smoothly
OD
Children can learn responsibility as they help around the house
Answers
Answer:
B. Family members can spend more time outside exercising
Explanation:
This has nothing to do with household responsibilities
How technological change affect retail business industry?
Answers
You own a graphic design business. You have a new client who is refusing to
pay her bill because she doesn't like the way her brochures turned out, even
though you created them based on her specifications. Because you do not
have a long-standing relationship with this client and you don't want to spend
a lot of money getting this dispute resolved, which of the following is the best
method for you to pursue?
Answers
Owning a graphic designing business the best way to resolve the dispute is mediation , as the individual will address the loss of a party to another.
What is litigation?Litigation is the process of taking a dispute to court, where the court hears the trial and upon considering all the aspects it provides a decision.
Litigation process is lengthy and requires more money to be paid to lawyers.
Mediation is the process in which an unrelated person tries to consider the negative effects of both the parties and addresses them to the other party.
Arbitration is the process in which all the facts and figures of the dispute is highlighted and then a decision is taken by a third party.
Negotiations are done when the other party is considering the other party which does not seem to be the case here.
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"We are certainly in a better position in terms of diversity management than we were five years ago," said Patricia Collins-Jones, CEO of BetterFit, Inc. "We certainly have a more diverse employee population, and we have taken steps to involve people from different backgrounds in our business operations. However, I expect us to do more. We must be an organization where diversity not only exists, but is valued. We must ____________________."
Answers
Answer: fully integrate minority group members both formally and informally.
Explanation:
The options are:
a. Encourage monitory group members to adopt the norms of the majority.
b. fully integrate minority group members both formally and informally.
c. strive to build a more homogeneous employee population.
d. focus primarily upon employees visible differences like race or sex.
e. encourage more intergroup productive conflict.
Diversity simply refers to when people from different social, ethnic backgrounds or people from different races, religions, genders, etc are involved in a company or a particular thing.
Since the CEO calls for diversity to exist and be valued, the best option will be to fully integrate minority group members both formally and informally. This will help in making the minority group valued and also bring about diversity.
Other options are wrong as they either bring about discrimination or can bring about quarrel. Therefore, the correct option is B
List what you are thankful for! (((It's Thanksgiving (here)! Answer if you bake! Or if you like cakes pies cookies and treats!!!! )
Answers
Answer:
Family
Explanation:
HEY PLS DON'T JOIN THE ZOOM CALL OF A PERSON WHO'S ID IS 825 338 1513 (I'M NOT SAYING THE PASSWORD) HE IS A CHILD PREDATOR AND A PERV. HE HAS LOTS OF ACCOUNTS ON BRAINLY BUT HIS ZOOM NAME IS MYSTERIOUS MEN.. HE ASKS FOR GIRLS TO SHOW THEIR BODIES AND -------- PLEASE REPORT HIM IF YOU SEE A QUESTION LIKE THAT. WE NEED TO TAKE HIM DOWN!!! PLS COPY AND PASTE THIS TO OTHER COMMENT SECTIONS!!
38:38
Mark is a college student and frequently needs to either rent a car or borrow his friend's car. Although he doesn't own a car of his own,
he wants to buy himself some liability coverage that would apply whenever he drives someone else's car. Which coverage should Mark get?
Answers
Mark is a college student and frequently needs to either rent a car or borrow his friend's car, Mark should get Non-owner coverage.
Non-owner coverage is non-public vehicles that your business would not own, rent, or lease. Non-owned automobile coverage helps provide legal responsibility and safety if a car you haven't leased, hired, or rented is pushed on your business and is a coincidence.
In case you drive often but do not own an automobile, a non-proprietor insurance policy provides legal responsibility coverage for bodily harm and property harm, which means that it'll cover you if you're answerable for damages or injuries in a coincidence.
Non-owner vehicle coverage is for individuals who sometimes drive an automobile they don't own but need to prove insurance. It affords liability coverage that will pay for accidents and assets that harm our purpose to other humans in a twist of fate. but, it doesn't cowl damage to the automobile you have rented or borrowed, nor for any accidents.
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jose 25 kg is father is 5 kg less than 3 times jose's weight what is the weight of jose father
Answers
Answer:
Jose's father weighs 70 kilos.
Explanation:
Given that Jose weighs 25 kilograms, while his father is 5 kilograms less than 3 times Jose's weight, to determine what is the weight of Jose father the following calculation must be performed:
Jose = 25
Father = (25 x 3) - 5
Father = 75 - 5
Father = 70
Therefore, Jose's father weighs 70 kilos.
Who are the primary regulatory entities of the real estate business?
Answers
Answer:
State regulation State governments are the primary regulatory entities of the real estate business. State governments establish real estate license laws and qualifications
Explanation:
A simple definition of real estate is that it is air, water, land, and everything
affixed to the land. Real estate in the United States may be owned privately by
individuals and private entities or publicly by government entities. Private
ownership rights in this country are not absolute. The government can impose
taxes and restrictions on private ownership rights, and it can take private
property away altogether. In addition, other private parties can exert their rights
and interests on one's real property. A bank, for example, can take a property if
the owner fails to pay a mortgage. A neighbor can claim the right to walk across
one's property whether the owner likes it or not, provided he or she has done so
for a certain number of years.
In attempting to define real estate, it is essential to understand what rights and
interests parties have in a parcel of real estate. And to understand real estate
rights and interests, one must first recognize the distinctions between:
land and real estate
real estate and property
real property and persnal pro[perty
Step 2. Search to find any summary about the company that mentions funds for starting the business. Try to find any information containing employee data in this section.
Step 3. Find the section where the product or service is detailed. Look to see what kinds of products or services will be involved with the business. Compare this with what other similar business plans are offering.
Record the information you found for steps 2 and 3. Make sure you discuss how the company got money to start the business, employee data, and what products or services the company provides in comparison with what other similar business plans are offering.
Answers
We can see here that such company gotten after searching for company that mentions funds for starting the business is Go-o-gle.
Funds for starting the business: $1 million in funding from Andy Bechtolsheim.
Employee data: over 160,000 employees worldwide.
What is a company?A company is a legal and organizational entity formed by individuals or a group of individuals with the purpose of conducting business activities. It is an association of individuals who come together to engage in commercial, industrial, or professional activities in order to generate revenue and make a profit.
Their products are digital and online services.
Comparing this company, we see Microsoft.
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Evaluate an open economy from the spending approach in order to get the three sectorial balances, private, external, and public.
Answers
Answer:
GDP for an open economy from the spending approach follows this equation:
GDP = Consumption + Investment + Government Spending + Net Exports (Exports - Imports)
It can also be written as:
GDP = C + I + G + NX (X - N)
The balance of private consumption is simply equal to C, the balance of public spending is G, and the balance of the external sector is net exports or NX.
An individual who interprets laws related to the environment most likely works in which field?
a.
Environmental law
b.
Environmental journalism
c.
Environmental activism
d.
Ecology
Please select the best answer from the choices provided
A
B
C
D
Answers
Answer:
A
Explanation:
Answer:
A
Explanation:
I got it right on edg 2021
BE5-12 Keyser beverage company reported the following items in the most recent year
Answers
Research online and find two software tools for bank account reconciliation. Write a 500-word report comparing their features and benefits.
Answers
Answer:
1. CashBook
2. BlackLine
Explanation:
1. Cashbook can provide bank reconciliations quick, easily and this software also claims to be affordable. The Cashbook Bank reconciliation module allows reconciliation between the organizations system and the bank accounts statement. CashBook software enables an organizations finance department to set rules which will be followed when the software is performing Bank reconciliation.
2. BlackLine is unified cloud for finance and accounting. The software is updated continuously to provide up to date financial calculations. This software provide accurate bank reconciliation to ease the process of preparing financial statements. The tasks BlackLine can perform includes, balance sheet integrity, close process management and compliance. This software is closely designed with SAP.
When a software is used to perform bank reconciliation the results are accurate and quick as compared to an employee carrying out the task. Bank Reconciliation requires the organizations general ledger to be compared with the bank accounts statement to find out any transactions that are not recorded in the system or are not performed by the bank at the given time. The transactions identified as not recorded in the ledger are recorded in the system by the authorized personnel mostly these transactions are bank charges of which the organization and finance departments employees are unaware of, the rest of the transactions are initiated at the request of the finance department employees (authorized personnel). If a person performs this task it can take hours and hours for that employee to reconcile a single account, as the process will be carried out manually but on the other hand if the same task which is bank reconciliation is performed over the software can provide the results in minutes. The employee performing bank reconciliation can also be utilized to perform other tasks of the department as required this may include preparing invoices, booking receivables, preparing receivable aging and so on, but a software cannot perform these tasks or if the software can then further modules of the software might required to be purchased in order to benefit from other financial services, while on the other hand an employee can have multiple responsibilities. The amount for which an employee for the relevant role can be hired and the amount for which the software is available can be relevant as both are giving benefits, if the software is cheaper but reliable than hiring an employee then the software should be purchased and if hiring an employee for bank reconciliation is cheaper as compared to buying the licence of the software then the employee must be hired as it will save up the organizations cost which can be utilized elsewhere.
Plato answer
Answers may vary.)
Cashbook
Cashbook is an online software tool that offers bookkeeping and accounting solutions. It offers bank reconciliation solutions to help consumers reconcile bank accounts. It offers consumers an online general ledger to keep track of account transactions. Consumers can link their bank accounts directly to Cashbook so the software can automatically download and update the general ledger. Importing bank statements off the Internet means consumers don’t have to waste time typing everything out. Cashbook can make consumers confident that their deductions and additions to the account balance are done correctly. Once an account is balanced, the software allows consumers to search and sort through their data and print off reports. Cashbook also provides customer support so the consumer can have help learning how to use the software. It also offers how-to videos on different aspects of the application. The best aspect of Cashbook is that it is free.
Once consumers set up their records, they are ready to enter the bank opening balances. Without accurate opening balances, the reports created by Cashbook will be incorrect. Go to Cashbook Settings, then to Financial Settings to input the information.
QuickBooks
QuickBooks is an accounting program that keeps track of all your financial transactions. Check writing, money withdrawals, deposits, incurred bank charges, and fees are recorded in QuickBooks and reconciled with the bank’s records. To begin the reconciliation process, consumers first need to compare the beginning balance on their bank statements to the beginning balance on QuickBooks. This establishes that the information in QuickBooks is correct. In order to have correct information, you have to clear transactions directly in the account register within the software. To do this, consumers have to go into their bank account, choose Begin Reconciliation, select the appropriate account, and in the Statement Data field, enter the date of the bank statement to be reconciled. Compare that amount to the amount on the bank statement. Next, find the ending balance on the bank statement and enter it in the Ending Balance field. Also enter any service charges or interest earned. In the field for service charges, consumers enter the name of the expense account to track service charges. For interest, enter the name of the income account to track interest income. QuickBooks will then reconcile the account.
If the beginning balance and the statement don’t match, QuickBooks has a system for checking and correcting the issue. QuickBooks not only offers reconciliation and reports, but also offers graphs, bill tracking, overdue notices, and other services.
Both Cashbook and QuickBooks are accounting software programs to help consumers reconcile their accounts. Cashbook offers a more basic interface for reconciling accounts. It also requires less data entry than QuickBooks. However, it relies only on the information from the bank’s site. This means if there is an error on the bank side, Cashbook will not catch it. QuickBooks requires more data entry, but does more comparison as well. There are more entry fields for line items, such as service charges and interest earned. It also offers additional services that Cashbook doesn’t. When comparing the two, QuickBooks appears to offer consumers more options, reminders, and services.
Question 5
If an individual has a Holland code suggesting Conventional strengths,
career in which field might be most satisfying?
h
O Finance
O Teaching
O Food Service
O Medicine
Answers
If an individual has a Holland code suggesting Conventional strengths, the career in finance field might be most satisfying. Thus, the correct answer is option B.
What is a Holland Code?The Holland Codes, also known as the Holland Occupational Themes, are a taxonomy of interests based on a career and vocational choice theory developed by American psychologist John L. Holland.
The Holland Codes are a component of the Strong Interest Inventory, which is used to assess interests. Holland defines the "Conventional Type" as a person who has "a preference for actives that entail the explicit, ordered, systematic manipulation of data . These behavioral tendencies, in turn, lead to the development of clerical, computational, and business system competencies.
Therefore, a career in finance would be appropriate for an individual who has a Holland code suggesting Conventional strengths.
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As a company owner, you are trying to grow your party supply sales by reaching new customers. You know most of your customers are college students in their early 20s, but you conduct more research of your sales and discover customers who are business with events. This market is located within a 25 mile radius, they are mid- to small-sized companies with main holiday events and smaller birthday and retirement parties. You have just contacted customer:_________
A) targeting
B) segmentation
C) customization
Answers
Answer:
B)segmentation
Explanation:
Market segmentation can be regarded as process involving sectioning of heterogeneous market into a homogenous segments using some kind of parameters such as psychographic, geographic as well as
behavioural and others factors
Basics Ltd reported current liabilities of R3 000 and a quick ratio of 1,2. The company has current assets of R6 000. If the company reports the cost of goods sold at R4 000 for the given year, what is the inventory turnover?
Answers
The inventory turnover for the given year is 3.33, calculated by dividing the cost of goods sold by the average inventory of R1200.
To calculate the inventory turnover, we first need to determine the inventory value. We can use the quick ratio formula to find the inventory amount.Quick ratio = (Current assets - Inventory) / Current liabilitiesRearranging the formula, we have: Inventory = Current assets - Quick ratio * Current liabilitiesSubstituting the given values, we have:Inventory = R6000 - 1.2 * R3000Inventory = R6000 - R3600Inventory = R2400The inventory value is R2400. To calculate the inventory turnover, we divide the cost of goods sold by the average inventory. In this case, the cost of goods sold is given as R4000. The average inventory is the sum of the beginning and ending inventory divided by 2. Since we don't have information about the beginning and ending inventory, we can assume they are equal, resulting in an average inventory of R2400/2 = R1200.Inventory turnover = Cost of goods sold / Average inventoryInventory turnover = R4000 / R1200Inventory turnover = 3.33Therefore, the inventory turnover for the given year is 3.33.For more questions on inventory
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A broker shall have all the following duties and responsibilities only to the party for who the broker is providing brokerage services in a transaction to
-Inform the party in writing when an offer is made that a party will be expected to pay certain closing costs
-keep the party informed regarding the transaction
-when working with both parties to a transaction, the duties and responsibilities set forth in the law
Answers
All brokers have a responsibility to treat all parties fairly and with reasonable skill and care.
Which of the following broker obligations can a party expressly waive in writing?[CORRECT] Explain: The only duties that may be waived, but only in writing, are the receipt of written offers and counteroffers, the reduction of such offers and counteroffers to writing, and the presentation of such offers and counteroffers.
Which of the following tasks falls under the purview of a transaction broker?Financial obligations of a Transaction Broker Account.
Inform his client of every information that the realtor is aware of.
Deal in good faith and equity.
Effort, skill, diligence, and use.
To his client, present all offers and counteroffers.
Keep some information private.
carry out any legal obligations that you have agreed upon with the client.
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The correct response is b. keep the party informed regarding the transaction. Offer formal disclosure to the party for whom the broker is providing services, keeping them informed about the transaction.
A financial transaction is an arrangement, exchange of information, or movement between a buyer and a seller that involves exchanging an item in exchange for money. Debits and credits both exist in a double-entry accounting system. The electronic exchange or transfer of monies from one account to another is known as an electronic funds transfer. Real estate transactions are the exchange of ownership interests in a piece of property between two or more parties. Cost associated with doing an economic transaction. Transactional law, or the application of business and commercial law. The definition of a transaction states that it is the exchange of goods and services, the transfer of funds, or the agreement to trade goods and services in the future.
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Precision Systems manufactures CD burners and currently sells 18,500 units annually to producers of laptop computers. Jay Wilson, president of the company, anticipates a 15 percent increase in the cost per unit of direct labor on January 1 of next year. He expects all other costs and expenses to remain unchanged. Wilson has asked you to assist him in developing the information he needs to formulate a reasonable product strategy for next year.
You are satisfied that volume is the primary factor affecting costs and expenses and have separated the semivariable costs into their fixed and variable segments. Beginning and ending inventories remain at a level of 1,000 units. Current plant capacity is 20,000 units. The following are the current-year data assembled for your analysis.
Sales price per unit $100
Variable costs per unit:
Direct materials $10
Direct labor $20
Manufacturing overhead and selling and administrative expenses 30 60
Contribution margin per unit (40%) $40
Fixed costs $390,000
Required:
a. What increase in the selling price is necessary to cover the 15 percent increase in direct labor cost and still maintain the current contribution margin ratio of 40 percent?
b. How many units must be sold to maintain the current operating income of $350,000 if the sales price remains at $100 and the 15 percent wage increase goes into effect?
c. Wilson believes that an additional $700,000 of machinery (to be depreciated at 20 percent annually) will increase present capacity (20,000 units) by 25 percent. If all units produced can be sold at the present price of $100 per unit and the wage increase goes into effect, how would the estimated operating income before capacity is increased compare with the estimated operating income after capacity is increased? Prepare schedules of estimated operating income at full capacity before and after the expansion.
Answers
a. An increase of $20 per unit is necessary to cover the 15 percent increase in direct labor cost and maintain the desired contribution margin ratio.
b.The fixed costs and desired operating income remain the same, so the contribution margin per unit of $40 is used. The required sales volume is 18,500 units.
c. The estimated operating income after capacity expansion can be determined by increasing the production and sales volume by 25 percent, i.e., 23,125 units
a. To maintain the current contribution margin ratio of 40 percent, the selling price per unit needs to be increased by 20 percent [(15 percent wage increase) / (current contribution margin ratio)].
Therefore, an increase of $20 per unit is necessary to cover the 15 percent increase in direct labor cost and maintain the desired contribution margin ratio.
b. To maintain the current operating income of $350,000, the number of units that must be sold can be calculated using the contribution margin ratio.
The fixed costs and desired operating income remain the same, so the contribution margin per unit of $40 is used. The formula for calculating the required sales volume is:
(Number of units) = (Fixed costs + Desired operating income) / Contribution margin per unit
Plugging in the values, we have:
(Number of units) = ($390,000 + $350,000) / $40 = 18,500 units
c. Before the capacity expansion, the estimated operating income can be calculated using the current production and sales volume of 18,500 units.
The estimated operating income after capacity expansion can be determined by increasing the production and sales volume by 25 percent, i.e., 23,125 units.
The schedules of estimated operating income at full capacity before and after the expansion can be prepared by multiplying the respective sales volumes with the contribution margin per unit and subtracting the fixed costs and the wage increase.
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