Simon Company's year-end balance sheets follow. Current Year 1 Year Ago 2 Years Ago At December 31 Assets Cash $ 35,365 $ 37,958 $ 31,489 88,582 114,749 62,520 51,107 82,615 52,844 Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets 9,842 278,591 9,567 261,013 4,259 229,732 $ 375,900 $ 523,253 $ 451,080 Liabilities and Equity Accounts payable $ 134,199 $ 76,233 $ 51,107 Long-term notes payable 102,711 100,339 162,500 126,215 83,905 162,500 Common stock, $10 par value 162,500 109,636 Retained earnings 78,388 Total liabilities and equity $ 523,253 $ 451,080 $ 375,900 The company's income statements for the current year and one year ago, follow. For Year Ended December 31 Current Year 1 Year Ago Sales $ 680,229 Cost of goods sold $ 414,948 $ 348,910 135,887 210,871 Other operating expenses Interest expense 11,564 8,843 12,346 8,052 Income tax expense Total costs and expenses 646,218 Net income $ 34,011 Earnings per share. $2.09 $ 536,785 505,115 $ 31,670 $1.95 (1) Compute debt and equity ratio for the current year and one year ago. Debt Ratio Numerator: 1 Denominator: Current Year: 1 1 Year Ago: 1 Equity Ratio Numerator: 1 Denominator: Current Year: 1 Year Ago: 1 1 T = = = = = = = = Debt Ratio Debt ratio %6 %6 Equity Ratio Equity ratio %6 96 Compute debt-to-equity ratio for the current year and one year ago. Debt-To-Equity Ratio Numerator: 1 Denominator: = = T Current Year: 7 = 1 Year Ago: 1 = Debt-To-Equity Ratio Debt-to-equity ratio 0 to 1 0 to 1 Based on debt-to-equity ratio, does the company have more or less debt in the current year versus one year ago? Based on debt-to-equity ratio, the company has debt in the current year versus one year ago. Compute times interest earned for the current year and one year ago. Times Interest Earned Numerator: Current Year: 1 Year Ago: 1 1 1 Denominator: = = 11 11 = 11 = Times Interest Earned Times interest earned times times Based on times interest earned, is the company more or less risky for creditors in the Current Year versus 1 Year Ago? Based on times interest earned, the company is for creditors in the current year versus one year ago.

The cost of goods manufactured is determined using work in process inventory at the end of the period, manufacturing costs incurred, and work in process inventory at the beginning of the period. Administrative expenses are not considered in the calculation.

The cost of goods manufactured refers to the total cost incurred by a company to produce the goods that are ready for sale during a specific accounting period. It includes direct materials, direct labor, and manufacturing overhead. To calculate the cost of goods manufactured, the following factors are taken into account:

Work in process inventory at the end of the period: This represents the value of partially completed goods that are still in the production process at the end of the accounting period. The costs associated with these goods need to be considered in the calculation.

Manufacturing costs incurred: These are the costs directly associated with the production process, including direct materials (raw materials used in production), direct labor (wages paid to employees directly involved in production), and manufacturing overhead (indirect costs such as factory utilities, depreciation, and maintenance). The total manufacturing costs incurred during the period are included in the calculation.

Work in process inventory at the beginning of the period: This represents the value of partially completed goods from the previous accounting period that are still in the production process at the beginning of the current period. The costs associated with these goods are carried over and need to be considered.

However, administrative expenses are not directly related to the manufacturing process. They typically include costs such as salaries of administrative staff, office supplies, and other general administrative overhead. These expenses are not included in the calculation of the cost of goods manufactured since they are not directly tied to the production process.

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The action that the  retailer could take is that He or she can ask the supplier for an explanation for the price increases and then he can Keep raising retail price of the item(s) to compensate for the price increases from the supplier.

A retailer can experience an increase in the sales volume and this is one that can lead to a reduction in the cost of goods sold based on the fixed manufacturing cost per unit is said to be  smaller as production volume is getting bigger.

An increase in sales is known to be one that is followed by a decrease in cost of goods sold per unit that therefore leads to a higher gross profit margin.

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Answer: $66.67

Explanation:

Lindor​ inc.'s $100 par value preferred stock pays a dividend fixed at​ 8% of par. to earn​ 12% on an investment in this​ stock, you need to purchase the shares at a per share price of ;

Given the following :

Par value of preferred stock = $100

Fixed Dividend rate = 8% of par

Expected return on investment (r) = 12%

Purchase price of this stock in other to earn 12% :

Per share price is given by:

(par value × Dividend rate) / expected return

($100 * 0.08) / 0.12

$8 / 0.12 = $66.6666

= $66.67

Answer:

Net income is the amount of money the business has earned after paying taxes

Answer:

Explanation:

Increased storage costs: A surplus of stock implies that the company has more inventory than it needs, which means that it must store this excess inventory. This can result in higher storage costs, such as rent for warehouse space, utilities, and insurance.

Opportunity cost: The money tied up in surplus stock cannot be invested in other business areas, such as marketing or research and development. This results in an opportunity cost, as the funds are not used to grow the business in other ways.

Reduced cash flow: A surplus of stock may also lead to a reduction in cash flow, as the money spent on purchasing the excess inventory cannot be recouped until the items are sold. This can strain the company's finances and limit its ability to invest in other areas.

a. Patrick's sales revenue is £160,000

b. Patrick's total variable costs is £80,000

c. Patrick's total costs is £116,000

d. Patrick's profit is £44,000

10. Patrick's new profit as a percentage of his new sales revenue is 34.09%.

a. Patrick's sales revenue can be calculated by multiplying the number of bathrooms fitted with their average price. Therefore, Patrick's sales revenue for the last year can be calculated as:

Sales Revenue = Number of Bathrooms * Average Price per Bathroom

Sales Revenue = 40 * £4,000

Sales Revenue = £160,000

b. Patrick's variable costs are 50% of his selling price. Variable costs are those costs that vary with the level of output. In this case, Patrick's variable costs include the cost of materials, labor, and any other expenses directly related to fitting the bathroom. Therefore, Patrick's total variable costs can be calculated as:

Total Variable Costs = Variable Cost Percentage * Sales Revenue

Total Variable Costs = 0.5 * £160,000

Total Variable Costs = £80,000

c. Patrick's total costs include both fixed and variable costs. Fixed costs are those costs that remain constant irrespective of the level of output. In this case, Patrick's fixed costs include the cost of the showroom, which is £36,000 per year. Therefore, Patrick's total costs can be calculated as:

Total Costs = Fixed Costs + Total Variable Costs

Total Costs = £36,000 + £80,000

Total Costs = £116,000

d. Finally, we can calculate Patrick's profit using the formula mentioned above. Therefore, Patrick's profit can be calculated as:

Profit = Total Revenue - Total Costs

Profit = £160,000 - £116,000

Profit = £44,000

Now, let's answer the final question:

Suppose Patrick increases his sales revenue by 10%. In that case, we need to calculate his new profit as a percentage of his new sales revenue. Let's calculate it step-by-step.

New Sales Revenue = 1.1 * Sales Revenue

New Sales Revenue = 1.1 * £160,000

New Sales Revenue = £176,000

New Profit = New Sales Revenue - Total Costs

New Profit = £176,000 - £116,000

New Profit = £60,000

Profit Margin = (New Profit / New Sales Revenue) * 100

Profit Margin = (£60,000 / £176,000) * 100

Profit Margin = 34.09%

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Occupational Health and Safety are defined as goods or services that are required for health and safety. Information standards are guidelines governing the information that must be provided to consumers when they purchase specific goods.

A safe product is one that delivers either no risk or a minimum tolerable level of risk, taking into account the product's typical or reasonably foreseeable use and the need to maintain a high level of consumer protection.

Occupational health and safety is a multidisciplinary discipline that deals with all elements of workplace health and safety, with a heavy emphasis on preventing workplace dangers.

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Answer:

The correct answer is B just got it right on ape

Explanation:

Economic systems can be categorized into four main types:

Traditional economies, command economies, mixed economies, and market economies.

Answer:

Contract manufacturing.

Explanation:

A domestic firm may decide to contract for the production of its goods by established foreign manufacturer. Such private-label manufacturing by a foreign company is called contract manufacturing.

Contract manufacturing involves the process of outsourcing a company's manufacturing business, such that a foreign company engages in the production of a private-label product which are then primarily marketed or distributed by a domestic company under its own brand name.

This ultimately implies that, it is a manufacturing process which involves the production of goods by a company under the brand name of another company.

Give your workers freedom. Working in a call center might seem monotonous at times.

A person engaged by a company to do a certain task is known as an employee. Employers are in charge of deciding how much an employee is paid, when they work, and how they work. Employees receive advantages that contractors do not in return.

Worker meaning is the feeling of significance that employees derive from their work and the degree to which their ideals are shared by a company. It ultimately comes down to giving staff members the tools and support they need to infuse meaning into their workdays and professional environments. They help to increase the productivity of company.

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Answer:

Matt's gross pay (hours worked x hourly rate of pay) for last week when he worked 20.25 hours is equal to $136.69

Explanation:

Per hour amount paid to Matt = $6.75

Total number of hours worked by Matt = 20.25

To find Gross pay, multiply hours worked and hourly rate of pay.

Therefore,

Matt's gross pay (hours worked × hourly rate of pay) for last week when he worked 20.25 hours \(=20.25(6.75)=\$136.6875\) ≈ $136.69

The correct answer is c. Advantages and disadvantages of outsourcing in terms of time, cost, and performance control.

When making a make-or-buy decision, several factors should be considered, and among them, the advantages and disadvantages of outsourcing are crucial. These considerations involve evaluating the potential benefits and drawbacks of outsourcing compared to in-house production or service provision.

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What factors should be taken into account when making a make-or-buy decision, considering the advantages and disadvantages of outsourcing in terms of time, cost, and performance control, while also considering direct and indirect costs, without being influenced by prevailing public opinion or individual preferences of the project manager or sponsor?

Total quality management (TQM) has gained a lot of attention in recent years due to the increased competition in the global market and the need for organizations to improve their products and services to meet the ever-changing customer demands.

TQM is a comprehensive approach to quality management that focuses on continuous improvement, customer satisfaction, and employee involvement.

It involves a change in organizational culture and mindset, which requires significant investment in time, resources, and effort. However, the benefits of TQM, such as increased productivity, reduced costs, improved customer satisfaction, and enhanced organizational performance, justify the hype around it.

In conclusion, TQM is not just a lot of hype about nothing new but a proven approach to achieving sustainable business success.

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The correct answer is 1 liter = 100 centiliter0.31 * 100 = 31 31 centiliters = 0.31 liters many centiliters should she measure to equal liters.

One litre is exactly 100.00 centilitres when expressed in terms of volume and capacity. 1000 cubic centimetres make up 1 litre. While 0.001 litres equal 1 cubic centimetre. In the metric system, a centilitre is a unit of volume equal to 10 millilitres or one tenth of a litre. a volume measurement for liquids that follows the metric system. 1,000 cubic centimetres (cc), 1,000 millilitres (mL), or 1.0567 quarts make up one litre (qt). also known as L. The metric unit of volume known as the litre is mostly used to measure liquids. Liters are denoted by the letters "L" or "l". Milliliters are the unit of measurement for smaller liquid amounts (mL). 1000 millilitres make up one litre.

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The right response is 1 liter equals 100 centiliters. 0.31 * 100 = 31 She should measure how many centiliters to make one liter if 31 centiliters equal 0.31 liters.

How  does this occur?

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The option that falls outside of the classification of business expenditures that fall into the category of variable costs is option C. costs of research and development. Read below about costs of research and development.

These are costs taken to develop new products or processes that may or may not result in commercially viable items. The general rule is that research and development costs are to be expensed immediately when the costs are incurred.

Therefore, the correct answer is as given above.

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The best alternative to select is Alternative A, which has the highest present worth of -$6,538.71. However, all alternatives have negative present worths, indicating that none of them are economically viable at an 8% interest rate.

The calculation of the present worth (PW) for each alternative reveals that all options have negative present worths, meaning that the benefits they generate are not sufficient to outweigh their costs at an 8% interest rate over a 6-year period. Despite Alternative A having the highest (least negative) present worth, it still results in a negative value of -$6,538.71. This implies that none of the alternatives should be selected as they would not provide a positive return on investment or meet the desired financial criteria.

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South Africa's National Youth Development Agency has launched the Ithubalentsha Micro Enterprise Programme, which will provide young aspirant and established entrepreneurs with training, mentorship, micro-enterprise finance, market linkages and access to business opportunities.

Answer:

Answer:

Explanation:

These are the sales, cash receipts, cash disbursements, and purchases journals.

proceduresintegratedproceduresintegratedAnswerAnAnswerAn accounting system is a set of accounting processes with integrated procedures and controls. The intent of an accounting system is to record business transactions, summarize those transactions into an aggregated form, and create reports that can be used by decision makers to monitor, analyze, and improve operations.AnswerAnAnswerAnswerAnswer:

Explanation:

Answer:

nonprofits have a social mission, while for-profits aim to offer products and services that are valuable and that make them a tom of money. Then they get money. and also non profits don't make a profit they just pay for themselves and their product.. 0 profit

Explanation:

Profit is considered as the income(money made without factoring money lost) less outcome (expense) and you have your profit side note- profit can be negative. Profit is a financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.

Given Information:

First year profit: $1000*12 = $12,000

Second year profit: $12,000 * 1.06

Third year profit: $12,000 * 1.06^2

Fourth year profit: $12,000 * 1.06^3

Fifth year profit: $12,000 * 1.06^4 =$15,149.72

Hence, Korey expects to make in profits in his fifth year of operation:-$15149.73

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Answer:

the answer is A because all are correct

The question that might be asked by an economist who is using critical thinking to solve a problem is whether All of these choices are correct. Thus the correct option is A.

When using their critical thinking skills, people can decide for themselves what they should indeed or are not supposed to believe. They possess the capacity to reflect and engage in individualism in order to reach well-informed decisions.

Which tenets of the command economy harm competition the most? How Social Security and Medicare could use their resources more effectively to increase payouts will aid economists in finding a solution to a problem.

This questions helps him to identify better answers through research and helps economists to find a better conclusion to deliver an optimum solution to the problem.

Therefore, option A is appropriate.

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Answer:

you. dummy joking I. don't know

The value of v_15 in terms of μ is (1 - 0.9μ)^15.

In the premium difference approach, we compare the premiums before and after the change in mortality. Let's start by calculating the premium before the mortality change. The equivalence principle states that the premium should be equal to the present value of the expected future benefit payments, discounted at the force of interest.

After 15 years, the force of mortality decreases by 10%. This means that the probability of survival, denoted by v, increases. The new force of mortality is μ' = 0.9μ, where μ represents the initial force of mortality.

To calculate the new premium, we need to find v_15, which represents the probability of survival at time 15. Using the force of interest of 5%, we have v_15 = (1 - 0.9μ)^15.

Therefore, the value of v_15 in terms of μ is (1 - 0.9μ)^15.

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The rewards of effectively predicting inflation are greatest when it is high and unstable, according to economists Robert Lucas and Thomas Sargent.

In the field of economics, inflation refers to an overall rise in the cost of goods and services throughout a nation. Each unit of currency may purchase fewer products and services as the general price level rises, hence inflation is associated with a decline in the purchasing power of money.

Deflation, which is the prolonged drop in the general level of prices for goods and services, is the reverse of inflation. The annualized percentage change in a general price index, or inflation rate, is the most widely used indicator of inflation.

The consumer price index (CPI) is frequently employed for this purpose because price increases are not uniform across the board. In the United States, wages are also calculated using the employment cost index.

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FBLA-PBL state chapters usually have a number of elected, treasurers who represent the state's various regions. Thus, option A is correct.

FBLA-PBL stands for Future Business Leaders of America-Phi Beta Lambda, whose main goal is to develop some business opportunities and strengthen the basis of kids and give them opportunities for growth and development.

FBLA-PBL state chapters are an organized body that typically represents and bring the name forward for the person that can be elected to be the treasurer, where they plan and execute a trip and select the worthy candidates. Therefore, option A is the correct option.

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Answer:

D. Vice Presidents

Hope this helps :)

The local college's freshmen class includes Jason. He is listed as a dependent by his parents. His tuition and expenses were financed by his grandparents.

One of the primary questions parents have been whether they may still identify their child as a dependent after sending them off to college. In a nutshell, you can usually claim your college student as a dependent if they are enrolled full-time and meet the IRS conditions given below. Before going off to college, your child most likely stayed home, routinely emptied your refrigerator of food, and badgered you for money for gas. It was only natural that they would be considered your dependents during tax season. There won't be any tax penalties associated with the over distribution. If a person's age is over 65 according to the documents, no tax penalty should be imposed on the excess pay-out. Jason is over 65 years old at the age of 66.

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