Answers
The option that represents an ethical responsibility that an independent insurance agent owes to the general public is The same sizes print as the agent's address or telephone number.
What is Ethical responsibility?Ethical responsibility can be described as the ability to recognize, interpret and act upon multiple principles as well as the values according to the standards within a given field .
It should be noted that the Ethics guides us to make the world a better place through the choices we make however the Ethics in business can be used by the Business leaders sdo the can posses the unique role and a great responsibility in shaping the ethical culture of their businesses, hence in the case above it can be seen that same sizes print as the agent's address or telephone number serves as the ethical responsibility.
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missing options:
The same sizes print as the agent's address or telephone number.
The difference size of the polpulation
Related Questions
what is a savings and loans bank? advantages and disadvantages.
Answers
Three advantages of savings accounts are the potential to earn interest, it's easy to open and access, and FDIC insurance and security. Three disadvantages of savings accounts are minimum balance requirements, lower interest rates than other accounts/investments, and federal limits on saving withdrawal.
On September 30, 2021, Athens Software began developing a software program to shield personal computers from malware and spyware. Technological feasibility was established on February 28, 2022, and the program was available for release on April 30, 2022. Development costs were incurred as follows:
September 30 through December 31, 2021 $3,600,000
January 1 through February 28, 2022 1,500,000
March 1 through April 30, 2022 594,000
Athens expects a useful life of four years for the software and total revenues of $7,800,000 during that time. During 2022, revenue of $1,560,000 was recognized.
Required:
a. Prepare a journal entry to record the development costs in each year of 2021 and 2022.
b. Calculate the required amortization for 2022.
Answers
Answer:
2021
Dr Research and development expense $3,600,000
Cr Cash $3,600,000
2022
Dr Research and development expense 1,500,000
Dr Software and development costs 594, 000
Cr Cash 2,094,000
B. $148,500
Explanation:
1. Preparation of the journals entry
2021
Dr Research and development expense $3,600,000
Cr Cash $3,600,000
(To record the expenses incurred on research and development)
2022
Dr Research and development expense 1,500,000
Dr Software and development costs 594, 000
Cr Cash 2,094,000
(1,500,000+594,000)
(To record the software development costs incurred)
2.Calculatation for the amortization for 2022
Using percentage of revenues method
Amortization= Current revenue/Total revenue* Software development costs
Amortization=$1,560,000/$7, 800,000*$594,000
Amortization=0.2*$594,000
Amortization=$118,800
Using straight line method
Amortization =1/Useful life* Software devel opment costs
Amortization=1/4*$594,000
Amortization=$148,500
Based on the above calculation Tmte expense amounts under straight-line method is higher . Which means that , the amortization is $148,500.
It is generally recognized that the spending habits of individuals changes over their lives. In general, young adults tend to spend__________ than they earn, while older adults tend to spend_________. To accommodate their spending habits, young adults tend to rely on funds raised from__________. Retired adults, in contrast, tend to rely on_________ to cover the frequent shortage between their current expenditures and their current incomes.
Answers
Answer:
1. more
2. less
3. borrowing
4. past savings
Explanation:
It is generally recognized that the spending habits of individuals changes over their lives. In general, young adults tend to spend more than they earn, while older adults tend to spend less. To accommodate their spending habits, young adults tend to rely on funds raised from borrowing . Retired adults, in contrast, tend to rely on past savings to cover the frequent shortage between their current expenditures and their current incomes.
Steve Reese is a well-known interior designer in Fort Worth, Texas. He wants to start his own business and convinces Rob O’Donnell, a local merchant, to contribute the capital to form a partnership. On January 1, 2016, O’Donnell invests a building worth $130,000 and equipment valued at $140,000 as well as $60,000 in cash. Although Reese makes no tangible contribution to the partnership, he will operate the business and be an equal partner in the beginning capital balances.
To entice O'Donnell to join this partnership, Reese draws up the following profit and loss agreement:
- O'Donnell will be credited annually with interest equal to 10 percent of the beginning capital balance for the year
- O'Donnell will also have added to his capital account 15 percent of partnership income each year (without regard for the preceding interest figure) or $7,000, whichever is larger. All remaining income is credited to Reese.
- Neither partner is allowed to withdraw funds from the partnership during 2013. Thereafter, each can draw $5,000 annually or 20 percent of the beginning capital balance for the year, whichever is larger.
The partnership reported a net loss of $8,000 during the first year of its operation. On January 1, 2014, Terri Dunn becomes a third partner in this business by contributing $10,000 cash to the partnership. Dunn receives a 20 percent share of the business's capital. The profit and loss agreement is altered as follows:
- O'Donnell is still entitled to (1) interest on his beginning capital balance as well as (2) the share of partnership income just specified.
- Any remaining profit or loss will be split on a 5:5 basis between Reese and Dunn, respectively.
Partnership income for 2014 is reported as $64,000. Each partner withdraws the full amount that is allowed. On January 1, 2015, Dunn becomes ill and sells her interest in the partnership (with the consent of the other two partners) to Judy Postner. Postner pays $75,000 directly to Dunn. Net income for 2015 is $64,000 with the partners again taking their full drawing allowance On January 1, 2016, Postner withdraws from the business for personal reasons. The articles of partnership state that any partner may leave the partnership at any time and is entitled to receive cash in an amount equal to the recorded capital balance at that time plus 10 percent
a. Prepare journal entries to record the preceding transactions on the assumption that the bonus (or no revaluation) method is used. Drawings need not be recorded, although the balances should be included in the closing entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest dollar amount.)
b. Prepare journal entries to record the previous transactions on the assumption that the goodwill (or revaluation) method is used. Drawings need not be recorded, although the balances should be included in the closing entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest dollar amount.)
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Determine the total expenses based on the following data
assets 72,000
owner's equity 70,000
revenues 20,000
liabilities 16,000
Answers
From the given data, it appears that the expenses result in a negative value of $-14,000. This indicates a deficit, which suggests that the company's liabilities and owner's equity exceed its assets.
To determine the total expenses based on the given data, we need to use the accounting equation: Assets = Liabilities + Owner's Equity. In this case, we are given the values of assets, owner's equity, and liabilities.
Assets = $72,000
Owner's Equity = $70,000
Liabilities = $16,000
Using the accounting equation, we can calculate the total expenses by rearranging the equation:
Expenses = Assets - Liabilities - Owner's Equity
Expenses = $72,000 - $16,000 - $70,000
Expenses = $-14,000
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which of the following would be considered a want rather than a need for most people?
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20 points I need help Which tasks are common to all Education and Training career pathways?
Answers
Answer:
teaching students and collaborating with teachers on instructional content
Explanation:
What value does a gender analysis add to the study of the global political economy?
Answers
Gender analysis provides information that recognizes that gender, and its relationship with race, ethnicity, culture, class, age, disability, and/or other status, is important in understanding the different patterns of involvement, behaviour and activities that women and men have in economic, social and legal.The essay concludes that a gender analysis is fundamental to IPE because it demonstrates the centrality of the differential valorisation of the masculine and the feminine to the functioning of the global political economy, and thus creates opportunities for political activism and resistance.
PepsiCo Ltd., has been having a lot of bugs in their network and so they have hired Suleiman to analyze the issue at hand, On inspection, he has come up with the solution that certain changes to the network must be done in order to make it functional. Which of the following statements should Suleiman consider while considering a change in a network?
a. change management procedures should consist of preparing a backup plan as well
b. change management procedures do not evaluate the cost of change of a plan
c. changes to a network can be done without keeping in view the effect of the change on its users and applications
d. changes to a network should be done when there are maximum users on the network
change management procedures should consist of preparing a backup plan as well
Answers
The following statements that Suleiman should consider while considering a change in a network is that change management procedure should consist of preparing a backup plan as well. The correct option is d.
What is a management procedure?A management procedure is a simulation-tested set of rules used to determine management actions, in which the data, assessment methods, and harvest control rules for implementing management actions are prespecified. An operational management procedure is defined as a management procedure that is currently being used to determine management actions or has been intensively tested by a competent management body to a level where it could be used in practice.
An important benefit of management procedures is they can be designed to satisfy a variety of pre-agreed management objectives.
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In the money market, if the interest rate exceeds the equilibrium interest, there is a surplus of money. How is the surplus eliminated?
A) People buy bonds to rid themselves of the surplus money, bidding up their price and pushing interest rates down.
B) Banks will lend out the surplus, lowering interest rates.
C) The Federal Reserve will destroy currency, reducing the quantity of money.
D) The high interest rate increases the demand for money, eliminating the surplus.
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If the Mount Lemmon fire district attempts to implement age diversity initiatives , but these initiatives are defeated because the district is concerned that younger firefighters will be treated worse as a result, which of the following barriers mentioned in Section 4.6 is this an example of?
Answers
The barrier that this would describe as shown in the relevant section is negative diversity climate.
Negative Diversity Climate This refers to an environment that does not favor diversity. Stems from the notion that diversity would cause harm to those it is meant to favor.If age diversity is implemented in the fire district to help younger firefighters, they would be treated worse. This is therefore a negative diversity climate because the people to be helped will be worse off.
In conclusion, this is a negative diversity climate.
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Producing products that are individualy designed to meet the needs of a specific customer where each customized product is manufactured separately is the
definition of:
O process production
O mass production
O job order production
O service production
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Hope this helps.
What is average of numbers on b4:b12
Answers
The average of numbers on b4:b12 is the sum of (b4:b12)/9.
What is an average?An average is a central value of some numbers. An average value can be referred to as the mean, median, or mode because an average typically represents a group of numbers (or data set).
Thus, when the numbers contained in the data set, b4:b12, are summed and divided by 9, the arithmetic average (mean) is found. The mode can also be discovered in the data set by looking for the number that appears most among the nine numbers.
Another average value that we can compute is the median, which refers to the middle number 8 (b8) between b4 and b12, especially after they are sorted in ascending or descending order.
Thus, the average of numbers on the b4:b12 range can simply mean the sum of (b4:b12)/9.
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U.S. Treasury issues three types of Treasury securities: Treasury bills (T-bills), Treasury notes (T-notes), and Treasury bonds (T-bonds). The time to maturity (TTM) of T-bills is 12-month or less than 12-month. The TTM of T-notes is between 1 year and 10 years. The TTM of T-bonds is longer than 10 years. Which one(s) (T-bills, T-notes, or T-bonds) belong to the money market instrument(s)? Which one(s) belong to the capital market instrument(s)? If you would like to buy Treasury securities, which one(s) would you purchase? Explain why?
Answers
Answer:
Treasury bills (T-bills) are short-term money market instruments issued by the government to raise short-term funds. They are issued for terms of less than a year and are sold at a discount from their face value. T-bills have maturities of 4, 8, 13, 26, and 52 weeks. Therefore, T-bills belong to the money market instrument(s).
Treasury notes (T-notes) are issued with maturities from two to 10 years and pay interest semi-annually. Therefore, T-notes belong to the capital market instrument(s).
Treasury bonds (T-bonds) are long-term investments that have maturities of 10 to 30 years and also pay interest semi-annually. Therefore, T-bonds belong to the capital market instrument(s).
If you would like to buy Treasury securities, it depends on your investment goals. If you want a short-term investment with low risk and low return, you can consider buying T-bills. If you want a medium-term investment with moderate risk and moderate return, you can consider buying T-notes. If you want a long-term investment with high risk and high return, you can consider buying T-bonds.
Explanation:
I hope this helps
On June 15, 2021, Allen sold land held for investment to Stan for $65,000 and an installment note of $300,000 payable in five equal annual installments beginning on June 15, 2022, plus interest at 10%. Allen’s basis in the land is $255,500. What amount of gain is recognized in 2021 under the installment method?
Answers
The amount of gain that will be recognized in 2021 under the installment method, is $27, 857 . 14
How to find the gain recognized?First, find the profit margin on the land sold by Allen to Stan:
= ( Selling price of land - Allen's basis in the land) / Allen's basis in the land
= ( ( 300, 000 + 65, 000) - 255, 500) ) / 255, 500
= 109, 500 / 255, 500
= 42. 857 %
The gain to be recognized, using the installment method is:
= Profit margin x Amount paid by Allen in 2021
= 42. 857 % x $ 65, 000
= $27, 857 . 14
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Name any 2 money flows in the circular flow model in a economy.
Answers
inbound tourism impact on price
Answers
Moral hazard can contribute to high bank leverage in all of the following ways EXCEPT:______
a. federal deposit insurance has reduced the incentive of depositors to monitor the behavior ofbank managers.
b. high bank leverage provides shareholders with a potential for a higher return on equity.
c. having high capital requirements.
d. bank managers are compensated in part on providing shareholders with high returns onequity.
Answers
Answer: C. having high capital requirements
Explanation:
Moral hazard is a situation that occurs when one party does not act in good faith and then engages in risky behavior because it knows that he or she won't bear the consequence of the behavior but the other party will.
Moral hazard can contribute to high bank leverage when federal deposit insurance has reduced the incentive of depositors to monitor the behavior ofbank managers.
It can also occur when high bank leverage provides shareholders with a potential for a higher return on equity and when bank managers are compensated in part on providing shareholders with high returns onequity.
Therefore, the correct option is C "having high capital requirements".
5.6 Last month Quick Industries produced 900 units. This month they produced 1,264 units. What is the rate of change in production? a. 29.8% b. 32.8% c. 40.4% d. 60%
Answers
Answer: C. 40.4%
Explanation:
To find the rate of change in production, we can use the following formula:
Rate of change = (New value - Old value) / Old value * 100
Where,
Old value = Production of last month = 900
New value = Production of this month = 1264
Substituting the values in the formula,
Rate of change = (1264 - 900) / 900 * 100= 364 / 900 * 100= 0.404 * 100= 40.4%
Therefore, the rate of change in production is 40.4%, which is an option (c). I hope that this answer has helped you!
Answer:
The correct answer is C.
Explanation:
The rate of change in production is: (1264 - 900) / 900 = 0.404 or 40.4%. So, the correct answer is c. 40.4%
Stam Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials (in March) $ 33,600 $ 41,900 Direct labor (in March) 24,600 20,300 Applied overhead (March) 12,300 10,150 Costs during April Direct materials 139,600 226,900 $ 102,300 Direct labor 94,200 161,500 107,300 Applied overhead ? ? ? Status on April 30 Finished (sold) Finished (unsold) In process Additional Information Raw Materials Inventory has a March 31 balance of $91,500. Raw materials purchases in April are $504,600, and total factory payroll cost in April is $388,300. Actual overhead costs incurred in April are indirect materials, $52,300; indirect labor, $25,300; factory rent, $34,300; factory utilities, $21,300; and factory equipment depreciation, $55,600. Predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $650,000 cash in April.
Answers
Based on the cost of production by Stam Company, the overhead rate which is applied to the jobs are:
Data and Calculations:
Job 306 Job 307 Job 308
Balances on March 31
Direct materials used (in March) $33,600 $41,900
Direct labor used (in March) $24,600 $20,300
Overhead applied (March) $12,300 $10,150
Costs during April
Direct materials used $139,000 $226,900 $102,000
Direct labor used $94,200 $161,500 $107,300
Overhead applied $55,600 $77,500 $52,500
($94,200 × 50%) ($161,500 × 50%) ($107,300 × 50%)
Job 306 - $47,100
Job 307 - $80,750
Job 308 - $53,650
The overhead rate applied for Job 306 in April is:
= Direct labor cost x 50%
= 94,200 x 50%
= $47,100
The overhead applied for Job 307 in April is:
= 161,500 x 50%
= $80,750
The overhead for Job 308 in April is:
= 107,300 x 50%
= $53,650
Hence, based on the cost of production by Stam Company, the overhead rate applied to the jobs are calculated above.
The given question is incomplete, the complete question is-
Stam Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials (in March) $ 33,600 $ 41,900 Direct labor (in March) 24,600 20,300 Applied overhead (March) 12,300 10,150 Costs during April Direct materials 139,600 226,900 $ 102,300 Direct labor 94,200 161,500 107,300 Applied overhead ? ? ? Status on April 30 Finished (sold) Finished (unsold) In process Additional Information Raw Materials Inventory has a March 31 balance of $91,500. Raw materials purchases in April are $504,600, and total factory payroll cost in April is $388,300. Actual overhead costs incurred in April are indirect materials, $52,300; indirect labor, $25,300; factory rent, $34,300; factory utilities, $21,300; and factory equipment depreciation, $55,600. Predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $650,000 cash in April.
Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal 4. Prepare a schedule of cost of goods manufactured for the month end April 30. Stam Company Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs Total cost of work in process Cost of goods manufactured.
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Wisdom Toys has budgeted sales and production over the next quarter as follows: Unit Sales Production September 43,000 44,400 October 50,000 52,800 November 64,000 61,200 The company requires that 20% of the next month’s sales in units are on hand at the end of each month. December sales are expected to be 50,000 units. How many video games are in inventory at October 31?
Answers
Answer:
$12,800
Explanation:
This can be calculated as follows:
November sales in unit = 64,000
Since Wisdom Toys requires that 20% of the next month’s sales in units are on hand at the end of each month, we have:
Number of video games in inventory at October 31 = November sales in unit * 20% = 64,000 * 20% = 12,800
Therefore, 12,800 video games in inventory at October 31.
Review each of the following scenarios, then choose the response that describes a taxpayer who is able to benefit from a deduction designed to help sole proprietors during the COVID-19 pandemic. Each taxpayer owned and operated their own business.
Answers
Dell, he purchased a commercial building that he placed in service as an office taxpayer owned and operated their own business.
What is business?The term “business” refers to earning a profit. The business is taking the risk and earning the profit. The business is mainly focused on the activities of the creation, distribution, and selling of concepts.
Dell may take the entire cost of the structure in the year it is brought in service under the Tangible Property Regulation's small taxpayer safe harbor. Because the exact cost is usually tiny, the taxpayer can deduct the full cost using the statutory minimum safe haven. He bought a corporate facility and converted it into an office for taxpayers who owned and operated their own businesses.
As a result, Dell, he purchased a commercial building that he placed in service as an office taxpayer owned and operated their own business. Thus, option (b) is correct.
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Your question is incomplete, but most probably the full question was.
Tamika. She has three employees. During Tax Year 2021, one of her employees missed three weeks of work due to staying home with a child until the daycare facility reopened. Tamika qualifies for Paid Family Leave Credit for her employee. X Dell. He purchased a commercial bulding that he placed in service as an office. Dell may use the Tangible Property Regutations mall taxpayer safe harbor to claim the entire cost of the building in the year placed in service. Fatima. She purchased a used machine for use in her business. Fatima is required to claimWally's Walleyes wants to introduce a new product that has a start-up cost of $7,800. The product has a 2-year life and will provide cash flows of $4,500 in Year 1 and $4,300 in Year 2. The required rate of return is 15 percent. Should the product be introduced? Why or why not?
Answers
The calculated NPV is negative, indicating that the present value of expected cash flows does not exceed the start-up cost of the project. In other words, the project is expected to generate a net loss.
To determine whether Wally's Walleyes should introduce the new product, we can calculate the net present value (NPV) of the project. The NPV measures the present value of expected cash flows, taking into account the required rate of return.
To calculate the NPV, we need to discount the cash flows using the required rate of return (15 percent). The formula for calculating NPV is:
NPV = Cash Flow Year 1 / (1 + Required Rate of Return)^1 + Cash Flow Year 2 / (1 + Required Rate of Return)^2 - Start-up Cost
\(NPV = $4,500 / (1 + 0.15)^1 + $4,300 / (1 + 0.15)^2 - $7,800\)
\(NPV = $4,500 / 1.15 + $4,300 / (1.15)^2 - $7,800\)
NPV = $3,913.04 + $3,537.41 - $7,800
NPV = -$350.55
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What describes the relationship between edge computing
and Cloud computing?
Answers
The relationship between Edge computing and cloud computing is a that edge computing is a subsection of cloud computing. Cloud computing is about hosting applications in a core data centre whlie edge computing is about hosting applications closer to end users either in smaller edge data centres.
What is computing?Computing can be defined as the use of a computer to process data or perform calculations. Computing may encompass the design and development of software and hardware systems for a broad range of purposes often structuring processing and managing any kind of information
Therefore edge computing is a subsection of cloud computing
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Using the service blueprint, make a list of all the potential key service failure points and the associated customer expectations. For example a service failure point with expectations is: check-in should be fast and hassle free. You should find 10 to 15 service failure points.
Answers
Using a service blueprint, a list of potential key service failure points and their associated customer expectations would depend on the industry and the customer preference.
What are some potential key service failure points ?Some general key service failure points would include:
Check-in should be fast and hassle-free.Staff should be knowledgeable and able to provide accurate information.Service should be delivered within the promised timeframe.Billing and payment processes should be transparent and error-free.Facilities should be clean, well-maintained, and comfortable.Communication should be clear and timely, keeping customers informed about any delays or changes.Staff should be friendly, courteous, and attentive to customer needs.Resolving complaints and addressing issues should be handled promptly and effectively.Product or service quality should meet or exceed customer expectations.Personal data and privacy should be protected and kept secure.Service should be personalized and tailored to individual customer preferences when possible.Any service disruptions or interruptions should be minimized and resolved quickly.Accessibility should be ensured for customers with special needs or disabilities.Service recovery actions should be proactive and designed to restore customer satisfaction after a service failure.Any additional fees or charges should be clearly communicated upfront to avoid surprises.Find out more on service points at https://brainly.com/question/15580877
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better mousetraps has come out with an improved product, and the world is beating a path to its door. as a result, the firm projects growth of 21 percent per year for 4 years. by then, other firms will have copycat technology, competition will drive down profit margins, and the sustainable growth rate will fall to 6 percent. the most recent annual dividend was div 0 = $1 per share. (15 points)
a. What are the expected values of DIV 1, DIV 2, DIV 3, and DIV 4?
b. What is the expected stock price 4 years from now? The discount rate
is 10%.
c. What is the stock price today?
d.Find the dividend yield, DIV 1/ P 0 .
e. e. What will next year’s stock price, P1, be?
f. What is the expected rate of return to an investor who buys the stock
now and sells it in 1 year?
Answers
As per the given information, there is a growth rate of the firm by 21% or 0.21. The same firm has a dividend that has been divided on the basis of $1. There has been few situations given, in according to the same, solutions will be as follow:
(a) DIV 1 =Do (1+g) = 1*(1+0.21 ) =$1.21
DIV 2= 1.21*(1+0.21) =$1.46
DIV 3 = 1.46 *(1+0.21) =$1.77
DIV 4 = 1.77 * (1+0.21)=$2.14
(b) Sustainable growth rate is 6% or 0.06
Discount rate is 10% or 0.10.
DIV 5 =DIV 4*(1+g) = 2.14 *(1+0.06) = $2.2684
Price in 4 year =DIV 5/(r-g) = 2.2684 /(0.10-0.06) = 2.2684 /0.04
= $ 56.71
(c) Price today = Po = [PVF10%,1*D1]+[PVF10%,2*D2] +......[PVF10%,4*TV]
= [0.90909*1.21]+[0.82645*1.46]+[0.75131*1.77]+[0.68301*2.14]+ [0.68301*56.71]
= 1.089+ 1.197+ 1.327+ 1.455+ 38.56
= $43.63 per share
(D)Dividend yield =D1/P0
= 1.21/43.63
= 0.00277 = 2.77%
(e) Next year price = [0.90909*1.46]+[0.82645*1.77]+[0.75131*2.14]+ [0.75131*43.63 ]
= 1.314+ 1.451+ 1.605+ 32.722
= $ 37.09 per share
(f) Expected rate of return =[ P1-Po+D1]/Po
=(37.09 - 43.63 + 1.21)/43.63
=-5.33 /43.63
= -0.122 or = -1.22%
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A contract with an illegal object is not voidable
True
False
Answers
Answer:false
Explanation:
False
A voidable contract is legal. Its a void contract that is illegal- thus this statement is false
Hope this helped you- have a good day bro cya)
t 3 Lab Learning Activity
K
Marcus Richardson
HW Score: 0%, 0 of 4 points
O Points: 0 of 1
11/03/22 7:32 PM
Question 1, P4-4 (similar to)
(Related to Checkpoint 4.1) (Liquidity analysis) Airspot Motors, Inc. has $2,505,600 in current assets and $864,000 in current liabilities. The company's managers want to
increase the firm's inventory, which will be financed using short-term debt. How much can the firm increase its inventory without its current ratio falling below 2.1
Answers
$6,28,363 the firm increase its inventory without its current ratio falling below 2.1
Current ratio = Current asset / current liability
Increasing inventory would increase the current asset.
We assume the additional inventory = L
So new current asset = L + $2,505,600
New current liability = L + $864,000
So, L + $2,505,600÷ L + $864,000 = 2.1
By solving L we get, L= $6,28,363
In other words, assets are items that provide a financial benefit to a company, such as inventory, buildings, equipment, and cash. They aid a company's ability to manufacture goods or provide services both now and in the future. A company's liabilities are its obligations—either money owed or services not yet performed.
Liabilities are the debts owed by a company to third-party creditors. Accounts payable may include notes payable and bank debt. Businesses take on debt in order to expand faster. A company's stability is determined by the balance of its debts and assets
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What actions could a company take to reduce its working capital funding gap? Review Later Pay suppliers more quickly Tighten customer credit terms Allow customers to delay payments Increase inventory levels
Answers
The action Company should take to reduce its working capital funding gap by Increasing inventory levels.
Working capital is the cash used daily cover all of a corporation's short-time period prices, that are due inside one year. working capital is the distinction between a business enterprise's contemporary assets and modern-day liabilities. operating capital is used every day buy inventory, pay brief-term debt and costs.
Operating capital is calculated by way of subtracting modern-day liabilities from current assets, as listed on the organisation's stability sheet. contemporary belongings encompass cash, accounts receivable and inventory. current liabilities consist of debts payable, taxes, wages and interest owed.
Company in accounting, the running capital total is typically derived from the figures for modern-day property and present day liabilities recorded on the balance sheet.
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Select the correct answer.
Claire and Evelyn have an argument over the timing of the charity event at an orphanage organized by their manager. Claire wants the timing to be
8:00 am while Evelyn wants the timing to be 9:00 am as the place is a bit far from her home. The manager intervenes and asks them to understand
each other's concern. They finally agree to the solution that the timing for the event could be 8:30 am and the manager would pick both of them from
convenient spots. Which method of conflict resolution does the situation reflect?
O A competing
OB.
0 с.
O D. smoothing over the problem
O E compromise
avoidance
collaboration
Answers
Method of conflict resolution does the situation reflect compromise. Thus, option E is correct.
What is conflict resolution?Professionals in many work fields might benefit from knowing how to resolve conflicts. Simply defined, interpersonal conflict can happen in almost any situation, including field employment and office occupations.
Conflict resolution teaches people vital skills that improve well-being and productivity, such as how to handle interpersonal conflict, reconcile emotions, and come to an understanding.
Understanding how to resolve conflicts involves more than just one strategy, such as knowing the distinctions between mediation and arbitration. This sophisticated skill set may result in a lucrative job. It involves more than just handling challenging conversations. Continue reading to find out what conflict resolution is and why it's crucial.
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