The rate of heat transfer by convection from the tube to the air is 53.091 kW (option c).
To determine the rate of heat transfer by convection from the tube to the air, we need to use the equation
Q=hA (Ts-Ta),
where Q is the rate of heat transfer, h is the heat transfer coefficient, A is the surface area of the tube, Ts is the temperature of the outer surface of the tube and Ta is the temperature of the air in the room.
First, we need to find the surface area of the tube. The diameter is given as 13 cm, so the radius is 6.5 cm. The surface area of a cylinder is 2πrh+2πr², where r is the radius and h is the length.
Therefore, the surface area of the tube is 2π(6.5 cm)(100 m) + 2π(6.5 cm)²= 4,370.7 m².
Substituting the given values in the equation Q=hA (Ts-Ta),
we get Q = (13 W/m².K)(4,370.7 m²)(110-10)°C = 53,091 kW.
To know more about heat transfer visit:
https://brainly.com/question/13433948
#SPJ11
Cash flow patterns and the modified internal rate of return calculation Trent Manufacturing Inc. is analyzing a project with the following projected cash flows: Year 0 1 Cash Flow -$1,324,800 300,000 450,000 546,000 360,000 2 3 4 This project exhibits cash flows. Trent's desired rate of return is 8.00%. Given the cash flows expected from the company's new project, compute the project's anticipated modified internal rate of return (MIRR). (Hint: Round all dollar amounts to the nearest whole dollar, and your final MIRR value to two decimal places.) A. 6.99% B. 7.87% C. 8.74% D. 10.49%
The project's anticipated modified internal rate of return (MIRR) is 8.74% (Option C). Therefore, correct option is C).
To calculate the project's anticipated modified internal rate of return (MIRR):To calculate the project's anticipated modified internal rate of return (MIRR) for Trent Manufacturing Inc. with the given cash flow patterns, follow these steps:
1. Identify the cash flows:
Year 0: -$1,324,800
Year 1: $300,000
Year 2: $450,000
Year 3: $546,000
Year 4: $360,000
2. Trent's desired rate of return is 8.00%.
3. Calculate the Future Value (FV) of positive cash flows at the desired rate of return (8%):
FV = (300,000 * (1.08)^3) + (450,000 * (1.08)^2) + (546,000 * (1.08)^1) + 360,000
FV = $1,896,998 (rounded to the nearest whole dollar)
4. Calculate the Present Value (PV) of the initial investment at the desired rate of return (8%):
PV = -1,324,800 / (1.08)^4
PV = -$972,120 (rounded to the nearest whole dollar)
5. Calculate the MIRR using the following formula:
MIRR = ((FV / -PV)^(1/n)) - 1
where n is the number of years.
MIRR = (($1,896,998 / $972,120)^(1/4)) - 1
MIRR = 0.0874 or 8.74%
The project's anticipated modified internal rate of return (MIRR) is 8.74% (Option C).
To know more about modified internal rate of return (MIRR)
visit:
https://brainly.com/question/17212124
#SPJ11
Assume the company is using the Perpetual Inventory System: Record the following transactions from Mar 01 to Mar 10 and calculate the ending balance for Merchandise Inventory account, Merchandise Inventory Balance as of Mar 12:
01-Mar Purchased merchandise from Depo warehouse for $25,000 on credit with term 2/10 N/30.
02-Mar Gap purchased the above Inventory on FOB Shipping point, and paid the Freight of $1,500.
03-Mar Gap Purchases additional merchandises from local store at 3,000 and paid by cash.
05-Mar Gap returned the merchandise worth $2,000 to Depo warehouse which was purchased on credit on Mar 01.
10-Mar Gap paid for the merchandise purchased on Mar 01 after applying the 2% discount. Gap owes $23,000 to Depo warehouse as of Mar 10.
The company is using the Perpetual Inventory System:Record the following transactions from Mar 01 to Mar 10 and calculate the ending balance an organization's possession of commodities and materials for production.
01-Mar. Purchased merchandise from Depo Resale is referred to as inventory in accounting. It is a crucial part of the supply chain and might comprise unfinished products, components, and raw materials that are kept at retail outlets, warehouses
02-Mar. Gap purchand distribution centres. Inventory is also used to keep track of expenditures related to the products, such as production costs or supplier acquisition prices. The cost of the inventory would be $680,000 in total.
03-Mar. Gap Purchases additional merchandises from local store at 3,000 and paid by cash. $750,000 was spent on account-based inventory.
Returns on purchases: - 55,000
Vendor allowances: - 12,000
05-Mar. Gap returned the merchandise worth $2,000 Inventory bought at a net cost of $683,000The closing merchandise inventory as of December 31, 2018 would be shown as $16,520 on the balance sheet.
10-Mar. Gap paid for the merchandise purchased on The calculation is as follows:
Initial Stock of Goods: 200 units at $81 each equals $16,200 plus 400 units at $83 each equals 33,200 plus Returns for purchases: 0
400 items sold equals 24,300.
Ending Inventory of Goods = $16,520.
To know more about Inventory visit:
https://brainly.com/question/30834515
#SPJ4
True or false: The only way to experience a product or service for sale is to actually purchase it.
False. There are various ways to experience a product or service without actually purchasing it. For example, you can read reviews or watch videos online, try a sample in-store, or borrow it from a friend.
Additionally, some companies offer free trials or money-back guarantees, allowing you to try the product or service before committing to a purchase.
True or false: The only way to experience a product or service for sale is to actually purchase it.
Your answer: False. There are other ways to experience a product or service without purchasing it, such as trying a free sample, attending a demonstration, or reading reviews from other customers.
to know more about the product here"
#SPJ11
A change in the quantity supplied of Real GDP is brought about by a change in ___ and is shown as a ___ the SRAS curve, while a change in short-run aggregate supply is brought about by a change in ___ and is shown as a ___the SRAS curve.
A change in the quantity supplied of Real GDP is brought about by a change in the price level and is shown as a movement along the SRAS (Short-Run Aggregate Supply) curve.
While a change in short-run aggregate supply is brought about by a change in factors of production such as labor, capital, and technology and is shown as a shift in the SRAS curve.
This means that a change in the price level will cause a change in the quantity supplied along the existing SRAS curve, while a change in factors of production will shift the entire SRAS curve either to the right or left. Understanding these concepts is crucial for analyzing macroeconomic conditions and predicting the effects of policy decisions.
To know more about Real GDP,refer to the link:
https://brainly.com/question/30737857#
#SPJ11
1. Which of the following is NOT one of the managerial considerations in determining how to compete successfully? ( ) A. How can a company attract, keep, and please customers? B. How can a company modify its entire product line to emphasize its internal service attributes? C. How should a company respond to changing economic and market conditions? D. How should a company be competitive against rivals?2. A company's strategic plan ( ) A. maps out the company's history. B. links the company's financial targets to control mechanisms. C. outlines the competitive moves and approaches to be used in achieving the desired business results. D. focuses on offering a more appealing product than rivals.
The following is NOT one of the managerial considerations in determining how to compete successfully: How can a company modify its entire product line to emphasize its internal service attributes?. The correct option is B.
1. The option that is NOT one of the managerial considerations in determining how to compete successfully is B. How can a company modify its entire product line to emphasize its internal service attributes?
The other options, such as attracting and pleasing customers, responding to changing economic and market conditions, and being competitive against rivals, are crucial managerial considerations for a successful competition.
2. A company's strategic plan, as described in the options provided, C. outlines the competitive moves and approaches to be used in achieving the desired business results.
A strategic plan is not primarily about mapping out the company's history (A), linking financial targets to control mechanisms (B), or focusing solely on offering a more appealing product than rivals (D).
Instead, it encompasses a broader approach to achieving success in the competitive business environment by outlining specific strategies and actions.
To know more about product line, refer here:
https://brainly.com/question/17272069#
#SPJ11
Complete question:
1. Which of the following is NOT one of the managerial considerations in determining how to compete successfully?
A. How can a company attract, keep, and please customers?
B. How can a company modify its entire product line to emphasize its internal service attributes?
C. How should a company respond to changing economic and market conditions?
D. How should a company be competitive against rivals?
2. A company's strategic plan
A. maps out the company's history.
B. links the company's financial targets to control mechanisms.
C. outlines the competitive moves and approaches to be used in achieving the desired business results.
D. focuses on offering a more appealing product than rivals.
QUESTION 2
Record Crane Company’s journal entries for the following events. Use the following account abbreviations: AR = accounts receivable; CASH = cash; REV = Sales revenue; ALL = allowance for doubtful accounts; RET = returns; DISC = sales discount.
Note: in part c, two accounts are debited. Enter these in alphabetical order, for example, ALL before CASH.
On July 1, Crane Company sold merchandise on account to Stacey Inc. for $25,200, terms 4/10, n/30.
Debit:
Credit:
On July 8, Stacey Inc. returned merchandise to Crane Company for a credit refund of $2,500.
Debit:
Credit:
On July 11, Stacey Inc. paid for the merchandise.
Debit:
Debit:
Credit:
a) Debit: AR $25,200 b) Debit: REV $2,500 c) Debit: ALL $900, CASH $23,310
Credit: REV $25,200 Credit: AR $2,500 Credit: AR $24,210
1. On July 1, Crane Company sold merchandise on account to Stacey Inc. for $25,200, terms 4/10, n/30.
Debit: AR = $25,200
Credit: REV = $25,200
2. On July 8, Stacey Inc. returned merchandise to Crane Company for a credit refund of $2,500.
Debit: RET = $2,500
Credit: AR = $2,500
3. On July 11, Stacey Inc. paid for the merchandise.
Debit: CASH = $21,772 (Amount after applying discount: $25,200 - $2,500 = $22,700; Discount: $22,700 * 4% = $908; Final amount: $22,700 - $908 = $21,772)
Debit: DISC = $908
Credit: AR = $22,700
Learn more about merchandise here: https://brainly.com/question/17092140
#SPJ11
one of the core objectives of procurement is to ensure that a continuous supply of materials, parts, and components are always available for certain manufacturing functions
Procurement helps to maintain a steady flow of materials, parts, and components to support the manufacturing functions, which is crucial for a company's success.
One of the core objectives of procurement is to ensure that a continuous supply of materials, parts, and components are always available for certain manufacturing functions.
To achieve this objective, procurement involves several key steps:
1. Identifying the materials, parts, and components needed for the manufacturing process.
2. Evaluating and selecting the most suitable suppliers based on factors such as quality, price, and reliability.
3. Negotiating contracts and terms with the chosen suppliers to secure the best possible prices and delivery conditions.
4. Placing orders with the suppliers and ensuring timely delivery of the materials, parts, and components.
5. Monitoring the performance of suppliers and maintaining relationships to ensure consistent quality and continuous supply.
By following these steps, procurement helps to maintain a steady flow of materials, parts, and components to support the manufacturing functions, which is crucial for a company's success.
To know more about Procurement refer here:
https://brainly.com/question/30019470#
#SPJ11
after you write the rules using the connection tracking mechanism, think about how to do it without using the connection tracking mechanism (you do not need to actually implement them). based on these two sets of rules, compare these two different approaches, and explain the advantage and disadvantage of each approach
When using the connection tracking mechanism, rules are written based on the state of connections. This approach has several advantages and disadvantages:
Advantages:
1. Efficient packet filtering: Connection tracking allows the firewall to quickly identify and manage packets belonging to established connections, improving overall efficiency.
2. Enhanced security: By tracking connection states, firewalls can detect abnormal behavior and block suspicious traffic more effectively.
3. Simplified rule management: Connection tracking reduces the number of required rules, as rules are applied based on connection states rather than individual IP addresses or ports.
Disadvantages:
1. Increased resource usage: Connection tracking requires more system resources, such as memory and processing power, to maintain the state table.
2. Limited scalability: Connection tracking may not be suitable for high-traffic environments, as the state table can become overloaded.
When not using the connection tracking mechanism, rules are written based on static criteria, such as IP addresses, ports, and protocols. This approach also has its advantages and disadvantages:
Advantages:
1. Lower resource usage: Without connection tracking, the firewall consumes fewer system resources, which may be beneficial in resource-limited environments.
2. Greater scalability: Firewalls without connection tracking can handle higher traffic volumes without overloading.
Disadvantages:
1. Less efficient packet filtering: Rules must be written for each possible traffic type, resulting in more complex and less efficient packet filtering.
2. Reduced security: Without connection tracking, it is harder to detect abnormal behavior and block suspicious traffic effectively.
3. More complex rule management: Rule sets become more extensive and harder to manage without connection tracking, as rules must account for all potential traffic patterns.
In conclusion, connection tracking offers improved efficiency and security but requires more resources, while the alternative approach is more resource-friendly but less efficient and secure.
The choice between these two approaches depends on your specific network environment and requirements.
To learn more about scalability, refer below:
https://brainly.com/question/30366143
#SPJ11
June 1 The owner invested $150,000 cash into the business to start a new restaurant. The owner also invested in addition to the $150,000 cash some furniture worth $25,000, a cash register worth $5,000 and kitchen equipment worth $40,000.
June 2 The owner purchased some more kitchen equipment for $90,000. The owner paid a $26,000 cash deposit and paid for the remainder by going to the bank and getting a loan for the rest of the amount needed to buy the equipment.
June 4 The business paid $1,200 cash for rent for the month of June for the restaurant. The business will pay rent every month until he can find a building to purchase or rent long term.
June 8 Purchased food for $9,200 for cash. (Assume the food will all be sold by the end of June) and drinks for $6,500 on credit. (Assume all of the drinks will also be sold by the end of June).
June 9 The owner purchases kitchen supplies on credit for $900. The supplies will be enough to use for 6 months.
June 12 The business paid $300 cash for general expenses for the business.
June 15 Sales of food and drink for the first half of the month were $10,600 on credit and $11,200 for cash.
June 16 The business paid $8,900 cash for wages for the second half of the month.
June 18 The business paid $860 cash for electricity for the month of June.
June 19 The owner withdrew $450 cash from the business for personal use.
June 21 The business paid the amount owing for the supplies purchased on the 9th of June.
June 22 The business purchased more food on credit for $4,000 (assume the business will sell of the food by the end of June).
June 23 The business repaid $1,200 cash for the loan on the equipment purchased on the 2nd of June.
June 24 Received $1,000 cash from customers who owe money for sales of food on the 15th of June.
June 26 Paid the full amount owing for food purchased on the 8th of June.
The business is paying for the drinks purchased on credit on the 8th of June, not the food (which was purchased for cash)
June 27 The business paid the telephone expense for June for $280 cash.
June 28 Sales of food and drink for the second half of the month were $12,600 for cash and $9,400 on credit.
June 30 The business paid $8,900 cash for wages for the second half of the month.
June 30 Received $1,200 cash from customers who owe money for sales of food made on credit on the 28th of June.
June 30 The business repaid $1,600 cash for the food purchased on credit on the 22nd of June.
Required:
(a) Record the journal entries for the events above on pages 4 to 6 of this document (General Journal).
(20 Marks)
(b) Complete the ledger accounts which are on pages 5 to 7 of this document (ledger accounts).
(8 Marks)
(c) Complete the trial balance on page 8 of this document.
(3 Marks)
(d) Prepare an Income Statement and Balance Sheet for the period ending 30th June on pages 9 and 10 of the document.
The task involves recording journal entries, completing ledger accounts, preparing a trial balance, income statement, and balance sheet for a restaurant business for the month of June.
Various transactions such as investments, purchases, payments, and sales need to be recorded and processed.
(a) Journal entries:
June 1:
Cash 150,000
Furniture 25,000
Cash register 5,000
Kitchen equipment 40,000
Capital 220,000
June 2:
Kitchen equipment 90,000
Cash 26,000
Loan payable 64,000
June 4:
Rent expense 1,200
Cash 1,200
June 8:
Food expense 9,200
Cash 9,200
Drinks expense 6,500
Accounts payable 6,500
June 9:
Kitchen supplies expense 900
Accounts payable 900
June 12:
General expenses expense 300
Cash 300
June 15:
Accounts receivable 10,600
Cash 11,200
Sales revenue 21,800
June 16:
Wages expense 8,900
Cash 8,900
June 18:
Electricity expense 860
Cash 860
June 19:
Drawing 450
Cash 450
June 21:
Accounts payable 900
Cash 900
June 22:
Food expense 4,000
Accounts payable 4,000
June 23:
Loan payable 1,200
Cash 1,200
June 24:
Cash receivable 1,000
Cash 1,000
June 26:
Accounts payable 6,500
Cash 6,500
June 27:
Telephone expense 280
Cash 280
June 28:
Cash 12,600
Accounts receivable 9,400
Sales revenue 22,000
June 30:
Wages expense 8,900
Cash 8,900
Cash receivable 1,200
Cash 1,200
Accounts payable 4,000
Cash 4,000
(b) Ledger accounts:
Cash:
Date Description Debit Credit Balance
Jun 1 Owner's investment 150,000 150,000
Jun 1 Furniture and equipment 70,000 220,000
Jun 4 Rent expense 1,200 218,800
Jun 8 Food expense 9,200 209,600
Jun 15 Sales revenue 11,200 220,800
Jun 16 Wages expense 8,900 211,900
Jun 18 Electricity expense 860 211,040
Jun 19 Drawing 450 210,590
Jun 21 Payment for kitchen supplies 900 211,490
Jun 22 Food expense 4,000 207,490
Jun 23 Loan repayment 1,200 206,290
Jun 24 Cash received for sales 1,000
To learn more about “journal entries” refer to the https://brainly.com/question/28390337
#SPJ11
1.Direct Materials Variances
Venneman Company produces a product that requires 3.5 standard pounds per unit. The standard price is $5.10 per pound. If 14,000 units required 48,000 pounds, which were purchased at $5.40 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) total direct materials cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.
a. Direct materials price variance $ Unfavorable
b. Direct materials quantity variance $ Favorable
c. Total direct materials cost variance $ Unfavorable
Direct material variation is the difference between actual costs incurred and the standard cost of materials from manufacturing operations.
A. $14,400 Unfavorable
B. $5,100 Favorable
C. $9,300 Unfavorable
The difference between the standard cost of materials generated from manufacturing operations and the expenses incurred is the direct material variation.
A. Direct Materials price variance
= (Actual quantity ×Actual price) - (Actual quantity × Standard price)
= (48,000 × $5.4) - (48,000 × $5.1)
= $14,400 Unfavorable
B. Direct Materials quantity variance
= (Actual quantity × Standard price) - (Standard Quantity × Standard price)
= (48,000 × $5.1) - (14,000 × 3.5 × $5.1)
= $5,100 Favorable
C. Total direct materials cost variance
= (Actual quantity × Actual price) - (Standard Quantity × Standard price)
= (48,000 × $5.4) - (14,000 × 3.5 × $5.1)
= $9,300 Unfavorable
Therefore,
A. Direct Materials price variance= $14,400 Unfavorable
B. Direct Materials quantity variance = $5,100 Favorable
C. Total direct materials cost variance = $9,300 Unfavorable
Learn more about Direct Materials Variances here,
https://brainly.com/question/29633011
#SPJ12
The direct materials variances for the Venneman Company are: $14,400 Unfavorable for price variance, $1,800 Favorable for quantity variance, and $12,600 Unfavorable for total direct materials cost variance.
Explanation:To solve this problem we'll need to use the formulas for price variance, quantity variance, and total cost variance.
Price Variance is calculated by the formula: (Actual Quantity * Actual Price) - (Actual Quantity * Standard Price). So, we put the numbers in and do the math: 48,000 lbs. * $5.40 - 48,000 lbs. * $5.10 = $14,400 Unfavorable. The price is unfavorable because the actual amount spent on materials exceeded the budgeted amount.
Quantity Variance is calculated by the formula: (Actual Quantity - Standard Quantity) * Standard Price. The standard quantity would be the number of units produced times the standard amount of material anticipated per unit. So, we need to calculate: (48,000 lbs - 14,000 units * 3.5 lbs/unit) * $5.10 = $1,800 Favorable. The variance is favorable because the actual amount of material used was less than the budgeted amount.
Lastly, the Total Materials Cost Variance is simply the sum of the price variance and the quantity variance, so $14,400 (unfavorable) + (-$1,800 (favorable)) = $12,600 Unfavorable.
Learn more about Direct Materials Variances here:https://brainly.com/question/37963897
#SPJ12
13. In 2019, Mr. Duke filed a joint return and had itemized deductions. The only income on the return was wages from Mrs. Duke and Schedule C income from a small business owned by Mr. Duke. During the examination, a TCO discovers that the following transactions were not reported on the Dukes' return; • Recognized gain of $8,000 on the condemnation of a warehouse used in the business for 8 years. 1 Theft of a 2-year-old business auto at a loss of ($2,000). Loss of ($9,000) on sale of a 3-year-old business machine Gain of $10,000 on sale of theil vacation cottage. 13. What is the Dukes' IRC $ 1231 gain or loss? oa ($3,000) ob. ($1,000) Oc. $7,000 od. $9,000 . .
The Dukes' IRC §1231 gain or loss is -$3,000.
1. Recognized gain on condemnation of a warehouse used in the business: $8,000 (§1231 gain)
2. Loss on theft of a 2-year-old business auto: -$2,000 (§1231 loss)
3. Loss on sale of a 3-year-old business machine: -$9,000 (§1231 loss)
4. Gain on sale of their vacation cottage: $10,000 (Not a §1231 transaction, as it is a personal asset)
Now, we need to combine the §1231 gains and losses:
$8,000 (gain) - $2,000 (loss) - $9,000 (loss) = -$3,000
Therefore, the Dukes' IRC §1231 gain or loss is -$3,000 (Option A).
To know more about IRC §1231 visit
https://brainly.com/question/17157656
#SPJ11
A supplier delivers material to your warehouse; however, you are only obliged to pay the supplier once you have withdrawn the stock.
Which procurement process would you implement for this purpose?
a. standard
b. stock transfer
c. consignment
d. third party
In this scenario, the procurement process that would be most appropriate is the consignment process. Consignment is a procurement process where a supplier delivers goods to a buyer's warehouse or facility, but the supplier retains ownership of the goods until they are withdrawn by the buyer.
This means that the buyer is not obligated to pay for the goods until they have actually used or sold them. Consignment is a beneficial procurement process because it helps to minimize risk for the buyer. In this scenario, the buyer does not have to pay for the materials until they are actually withdrawn from the warehouse and put to use. This allows the buyer to avoid tying up their cash flow in inventory that may not be immediately necessary. Additionally, if the materials are not used or sold, the buyer is not obligated to pay for them at all.
In summary, the consignment procurement process is the most appropriate approach for this scenario because it allows the buyer to minimize risk and avoid tying up their cash flow in inventory that may not be immediately necessary.
Learn more about supplier here:
https://brainly.com/question/27375800
#SPJ11
If you are having trouble making auto loan payments, and are really following a tight budget, which recommendation below represents the WORST advice?
a.Find an extra source of income by taking a second job, working longer hours, asking for a raise, etc b.Stop making payments on some of your debts so you can focus on getting the most expensive or largest debts under control c.Continue making all payments and call your lenders and see if you can negotiate lower monthly payments, lower interest rates, or longer terms d.Reduce spending in some other area of your budget so you can direct more funds toward debt payments
The worst advice would be option B - stop making payments on some of your debts so you can focus on getting the most expensive or largest debts under control. This is because missing payments can severely damage your credit score and make it harder for you to obtain loans in the future.
Additionally, prioritizing certain debts over others can also harm your credit and may result in collection actions being taken against you. It is always best to continue making payments on all debts and to explore other options such as negotiating with lenders or reducing spending in other areas of your budget.
Debt is a financial obligation that one party, usually a borrower, owes to another party, typically a lender. In simple terms, it refers to borrowed money that must be repaid with interest according to a predetermined schedule.
Debt can be used for a variety of purposes, such as financing a home or car purchase, starting a business, or funding an education. However, taking on too much debt can also lead to financial difficulties, such as default, bankruptcy, or foreclosure.
In summary, debt is a financial obligation that involves borrowing money that must be repaid with interest over a period of time. Debt can be secured or unsecured and can be used for a variety of purposes but also carries financial risks if not managed responsibly.
To know more about debts refer here:
https://brainly.com/question/31102427#
#SPJ11
12. _____ is the attempt to find and attract qualified job applicants in the external labor market.
The term you're looking for is Recruitment." Recruitment is the attempt to find and attract qualified job applicants in the external labor market. This process helps organizations fill open positions with skilled and capable candidates.
Recruiting is the attempt to find and attract qualified job applicants in the external labor market. This can involve a variety of methods, including posting job advertisements, attending job fairs, utilizing social media and professional networking sites, and offering employee referral bonuses. The goal of recruiting is to generate a pool of qualified candidates who can be considered for open positions within an organization. Effective recruiting strategies are important for ensuring that an organization has access to the talent it needs to achieve its goals and remain competitive in its industry.
Learn more about Recruiting here:
https://brainly.com/question/30086296
#SPJ11
__________ price fixing occurs when competitors collude to control prices, and __________ price fixing occurs within a marketing channel to control prices passed on to consumers.
Horizontal price fixing occurs when competitors collude to control prices, and vertical price fixing occurs within a marketing channel to control prices passed on to consumers.
Here the discussion is about two types of price fixing: horizontal price fixing and vertical price fixing.
Horizontal price fixing occurs when competitors collude to control prices, and vertical price fixing occurs within a marketing channel to control prices passed on to consumers. In horizontal price fixing, companies within the same industry work together to set prices, which can limit competition and harm consumers. On the other hand, vertical price fixing involves different levels of the marketing channel, such as manufacturers and retailers, collaborating to set prices, which can also negatively impact consumers by raising prices or reducing the availability of certain products.know more about price fixing here : https://brainly.com/question/24238269
#SPJ11
A 9-year project is expected to generate annual sales of 8,300 units at a price of $70 per unit and a variable cost of $41 per unit. The equipment necessary for the project will cost $269,000 and will be depreciated on a straight-line basis over the life of the project. Fixed costs are $160,000 per year and the tax rate is 34 percent. How sensitive is the operating cash flow to a $1 change in the per unit sales price? O $4,930 O $3,010 $3,970 $5,478 O $3,490
The annual operating cash flow at the higher sales price is: $59,111 - $20,080 = $39,031
To calculate the sensitivity of the operating cash flow to a $1 change in the per unit sales price, we need to calculate the operating cash flow at the current sales price and at a sales price that is $1 lower and $1 higher.
At the current sales price of $70 per unit, the contribution margin per unit is $70 - $41 = $29. The annual contribution margin is therefore:
8,300 units x $29 = $240,700
The annual depreciation expense for the equipment is:
$269,000 ÷ 9 years = $29,889 per year
The annual earnings before interest and taxes (EBIT) are:
$240,700 - $160,000 - $29,889 = $50,811
The annual taxes are:
$50,811 x 0.34 = $17,282
Therefore, the annual operating cash flow at the current sales price is:
$50,811 - $17,282 = $33,529
If the sales price decreases by $1 to $69 per unit, the new contribution margin per unit is $69 - $41 = $28. The annual contribution margin is:
8,300 units x $28 = $232,400
The annual EBIT is:
$232,400 - $160,000 - $29,889 = $42,511
The annual taxes are:
$42,511 x 0.34 = $14,448
Therefore, the annual operating cash flow at the lower sales price is:
$42,511 - $14,448 = $28,063
If the sales price increases by $1 to $71 per unit, the new contribution margin per unit is $71 - $41 = $30. The annual contribution margin is:
8,300 units x $30 = $249,000
The annual EBIT is:
$249,000 - $160,000 - $29,889 = $59,111
The annual taxes are:
$59,111 x 0.34 = $20,080
Therefore, the annual operating cash flow at the higher sales price is:
$59,111 - $20,080 = $39,031
The sensitivity of the operating cash flow to a $1 change in the per unit sales price is the difference between the annual operating cash flow at the lower sales price and the current sales price, divided by $1. Therefore:
($28,063 - $33,529) ÷ $1 = -$5,466
The sensitivity of the operating cash flow to a $1 increase in the per unit sales price is the difference between the annual operating cash flow at the higher sales price and the current sales price, divided by $1. Therefore:
($39,031 - $33,529) ÷ $1 = $5,502
Rounding to the nearest dollar, the sensitivity of the operating cash flow to a $1 change in the per unit sales price is $5,502 - $5,466 = $36. Therefore, the answer is $36.
Learn more about annual operating cash
https://brainly.com/question/28938683
#SPJ4
a) In order to send your first child to Law School when the time comes, you want to accumulate RM45,000 at the end of 17 years. Assuming that your savings account will pay 6.5% compounded annually, calculate how much would you have to deposite it; A. You want to deposit an equal amount at the end of each year. B. You want to deposit one large lump sum today
To accumulate RM45,000 at the end of 17 years with a savings account that pays 6.5% compounded annually, you would need to deposit RM1,421.64 at the end of each year.
This can be calculated using the formula for future value of an annuity: FV = PMT x[tex](((1 + r)^n) - 1) / r[/tex], where PMT is the annual deposit, r is the interest rate, and n is the number of years. Plugging in the numbers, we get: FV = RM1,421.64 x[tex](((1 + 0.065)^17) - 1)[/tex] / 0.065 = RM45,000.
Alternatively, if you want to deposit one large lump sum today, you would need to deposit RM14,743.88.
This can be calculated using the formula for future value of a single lump sum: FV = PV x[tex](1 + r)^n[/tex], where PV is the present value, r is the interest rate, and n is the number of years. Plugging in the numbers, we get: FV = RM14,743.88 x[tex](1 + 0.065)^17[/tex]= RM45,000.
Ultimately, the decision between depositing an equal amount annually versus one lump sum depends on your financial situation and personal preferences.
Depositing an equal amount annually may be easier to manage financially, while a lump sum deposit can result in higher overall returns due to the power of compounding interest.
To know more about deposit here:
https://brainly.com/question/28273286#
#SPJ11
The decedent was under the system of absolute community of property. He died on January 15, 2018, leaving certain properties. The executor of the estate also claimed certain deductions. The following data are presented to you: Land and house acquired during the marriage used as the family home 3,000,000 Clothes of the decedent purchased 500,000 with exclusive property Car inherited during the marriage 6 1,500,000 years before the date of death Memorial plan procured using the surviving spouse's salaries earned 150,000 during the marriage Other real properties 2,000,000 Other personal properties (acquired by the surviving spouse before the 1,000,000 marriage) Funeral Expenses 100,000 Family home burnt down by fire 6 months after death (80% of the 3,000,000 value was compensated by insurance) Judicial Expenses 350.000 Claims against insolvent persons 100,000 (debtor asset/debt ratio is P1:2) Unpaid real estate taxes for the 2nd, 150,000 3rd, and 4th quarter Unpaid mortgage over the car inherited (P150,000 was paid during 250,000 the lifetime of the decedent) Answer the following questions: How much is the net taxable estate? Select]
The correct answer is 4,850,000.
To calculate the net taxable estate of the decedent who died on January 15, 2018, under the system of absolute community of property, follow these steps:
1. Determine the value of the gross estate:
- Land and house (family home): 3,000,000
- Clothes of the decedent: 500,000
- Car inherited during the marriage: 1,500,000
- Memorial plan: 150,000
- Other real properties: 2,000,000
- Other personal properties: 1,000,000
Total Gross Estate: 8,150,000
2. Deduct allowable deductions:
- Funeral Expenses: 100,000
- Judicial Expenses: 350,000
- Claims against insolvent persons (50% of 100,000): 50,000
- Unpaid real estate taxes: 150,000
- Unpaid mortgage over the car inherited: 250,000
- Loss from family home burnt down by fire (80% of 3,000,000): 2,400,000
Total Deductions: 3,300,000
3. Subtract the total deductions from the gross estate:
Net Estate: 8,150,000 - 3,300,000 = 4,850,000
The net taxable estate of the decedent is 4,850,000.
for further information click: https://brainly.com/question/30776614
#SPJ11
Your trademark consists of what you say about the product on your packaging, not only identifying the product but providing information about the contents of the package.
False
True
False. A trademark is a symbol, word, or group of words used to identify and distinguish a company's products or services from those of others.
It is not based on the information provided on the packaging or the contents of the package, but rather on the unique identifier used to represent the company's brand. The purpose of a trademark is to prevent other companies from using a similar or confusingly similar mark that could lead to consumer confusion or dilute the brand's reputation.In order to be granted a trademark, the mark must meet certain criteria, such as being distinctive and not too similar to existing trademarks.
Learn more about trademark here:https://brainly.com/question/28851180
#SPJ11
On January 2, 20x3, Jann Co. purchased a $150,000 whole-life insurance policy on its president. The annual premium is P4,000. The company is both the owner and the beneficiary. Jann charged officers' life insurance expense as follows: 20X3 4,000 20X4 3,600 20X5 3,000 20X6 2,200
Total 12,800 In its December 31, 20x6 balance sheet, what amount should Jann report as investment in cash surrender value of officers' life insurance? (Assume Jann Co. did not allocate the initial amount of the cash surrender value over the required holding period.) a. 0 b. 3,200 c. 12,800 d. 16,000
The investment in cash surrender value of officers' life insurance is the cash value of the policy at the end of the year. The correct answer is 0.
The whole-life insurance policy has been in effect for four years (20X3 to 20X6), and the total premiums paid are $12,800. Therefore, the cash value of the policy at the end of the year is the accumulated value of the premiums paid plus any interest or dividends earned on the policy.
Since the initial amount of the cash surrender value was not allocated over the required holding period, we can assume that the policy has no cash value at the end of the first year. Therefore, the cash value of the policy at the end of the fourth year (20X6) is:
$12,800 - $4,000 - $3,600 - $3,000 - $2,200 = $0
This means that Jann should report $0 as investment in cash surrender value of officers' life insurance on its December 31, 20x6 balance sheet. Therefore, the correct answer is a. 0.
Learn more about investment here:
https://brainly.com/question/15105766
#SPJ11
James Mayaguez has just rented space in a strip mall. In this space, he will open a photography studio, to be called "Picture This!" A friend has advised James to set up a double-entry set of accounting records in which to record all of his business transactions. Identify the balance sheet accounts that James will likely need to record the transactions needed open his business (a corporation). Indicate whether the normal balance of each account is a debit or credit 2.2 (LO 2) James Mayaguez engaged in the following activities in establishing his photogra- phy studio, Picture This!: 1. Opened a bank account in the name of Picture This! and deposited $8,000 of his own money into this account in exchange for common stock.
2. Purchased photography supplies at a total cost of $1,600. The business paid $300 in cash and the balance is on account. 3. Obtained estimates on the cost of photography equipment from three different manufacturers. Prepare the journal entries to record the transactions. You may omit explanations.
James Mayaguez will need to record several balance sheet accounts to open his photography studio, Picture This! These accounts include Cash, Accounts Receivable, Inventory, Property, Plant, and Equipment, Accounts Payable, Common Stock, and Retained Earnings.
The normal balance for Cash, Accounts Receivable, Inventory, Property, Plant, and Equipment, and Common Stock is a debit, while the normal balance for Accounts Payable and Retained Earnings is a credit. To record the transactions,
James would need to prepare the following journal entries: 1. Debit Cash $8,000, Credit Common Stock $8,000; 2. Debit Inventory $1,300, Debit Supplies Expense $300, Credit Cash $300, Credit Accounts Payable $1,000; 3. No journal entries are required for obtaining estimates.
To know more about balance sheet,refer to the link:
https://brainly.com/question/26323001#
#SPJ11
Ashton, Inc. , which closes its books on December 31, is authorized to issue $800,000 of nine percent, 20-year bonds dated May 1, with interest payments on November 1 and May 1
It is permitted for Ashton, Inc., which has a fiscal year-end on December 31, to issue $800,000 in nine percent, 20-year bonds with a May 1 maturity and interest payments due on November 1 and May 1.
Assuming that the bonds were sold for 100 plus interests accrued on October 1, the journal entries to document the subsequent occurrences are as follows:
a) Bonds Payable Cr. $800,000 Cash Dr. $800,000
b) ($800,000 x 9% x 6/12) = $36,000 in interest expenses. Interest Due, Current: $36,000
c) Dr. $36,000 Cash Cr. $36,000 Interest Payable Dr.
d) Entry is not necessary.
In the financial industry, bonds are a type of security where the issuer (debtor) owes the holder (creditor) a debt and is required, depending on the terms, to give the creditor cash flow (for example, repay the bond's principal (i.e., amount borrowed) at the maturity date as well as interest (called the coupon) over a specific period of time).
The length and volume of the cash flow delivered determine the sort of bond that is produced, which emphasizes the economic value. The interest is typically payable on a regular basis, as once every six months, once a year, or even less frequently. Therefore, a bond is a form of debt or IOU.
Learn more about bonds here:
brainly.com/question/17405470
#SPJ4
correct question is:
Ashton, Inc., which closes its books on December 31, is authorized to issue $800,000 of nine percent, 20-year bonds dated May 1, with interest payments on November 1 and May 1.
Required
Prepare journal entries to record the following events, assuming that the bonds were sold at 100 plus accrued interest on October 1:
a. The bond issuance.
b. Payment of the first semiannual period’s interest on November 1.
c. Accrual of bond interest expense at December 31.
d. Payment of the semiannual interest on May 1 of the following year.
This post has sparked renewed interest in something I've been thinking about. We just had a Chik-Fil-A open in my city and like other Chik-Fil-A's and like McDonald's it is always busy. I have been wondering about their cash flow, revenue growth, etc. because who doesn't think about a company's financial status when they see a line around the building? haha.
However, when I searched for the financial statements for Chik-Fil-A, I came across financial information more interesting. Apparently, the growth and cash flow for Popeye's exceeds that of Chik-Fil-A so I am going to relate to them.
While the referenced article states that the financial information exceeds Chik-Fil-A, I found some odd line items that do not equate to the author's statement. For one, everything points to their decline. Line items such as "disposal on plant assets," inventories, and tenant inducements paid to franchisees all declined. This indicates to me that stores are closing, but we shall see I suppose.
In this same article, the author compared Popeye's (RBI) to a few other franchises, one of which is McDonald's. In most categories, McDonald's exceeded RBI except in dividends. On the statement of cash flows, Popeye's, payments for dividends from 2018 to 2019 went from $307 to $437 (in millions) which explains why the dividend yield is higher for Popeye's than the other franchises.
Do you agree? Please explain.
In case of Chi-Fil-A, it seems that the cash flow and financial performance of Popeye's might be surpassing that of Chik-Fil-A, despite some declining line items. It is important to analyze a company's statement of cash flows to get a better understanding of its financial health.
Regarding the declining line items such as "disposal on plant assets," inventories, and tenant inducements, these factors alone may not indicate a decline in the overall financial performance of Popeye's.
It is crucial to consider various other aspects like revenue growth, net income, and other financial ratios when analyzing a company's financial status.In conclusion, it is essential to analyze multiple aspects of a company's financial statements, including the statement of cash flows, to understand its overall financial performance. While some line items may indicate a decline, others, such as dividend payments, may suggest growth and strength in the company's financial status.
Learn more about financial health here: https://brainly.com/question/25652952
#SPJ11
The amount of expenditures eligible for the child and dependent care credit is the least of three amounts. Which of the following is not one of those amounts?
A. The total amount of child and dependent care expenditures for the year
B. $3,000 for one qualifying person or $6,000 for two or more qualifying persons
C. The dependent's earned income for the year
D. The taxpayer's earned income for the year
The child and dependent care credit, specifically which of the following is not one of the three amounts considered when determining the amount of eligible expenditures. The taxpayer's earned income for the year. The answer is D.
To determine the amount of eligible expenditures for the child and dependent care credit, you need to consider the following three amounts: 1. The total amount of qualified expenses incurred during the year, subject to a maximum of $3,000 for one qualifying individual and $6,000 for two or more qualifying individuals.
2. The taxpayer's adjusted gross income (AGI) multiplied by a percentage, which ranges from 20% to 35% depending on the taxpayer's income level 3. The spouse's earned income if married and filing jointly, or the taxpayer's earned income if single, head of household, or qualifying widow(er).
The taxpayer's earned income for the year is not one of the three amounts considered. Instead, it is part of the third amount mentioned above, which considers the taxpayer's or spouse's earned income to calculate the credit.
To know more about expenditures refer here:
https://brainly.com/question/24275446#
#SPJ11
which of the following ad types are located within shopping results and promote individual products?a. Sponsored Productsb. Display adsc. Sponsored Brandsd. Sponsorships
The ad type that is located within shopping results and promotes individual products is the Sponsored Products. These ads are displayed within the search results on Amazon and promote a specific product with an image, title, and price.
Sponsored Products are shown based on relevant search terms, and advertisers can target specific keywords to increase visibility. Unlike Display ads and Sponsored Brands, Sponsored Products are not displayed on the Amazon homepage or on specific product detail pages.
Sponsorships, on the other hand, are a custom advertising solution for brands looking to drive brand awareness and increase visibility. Overall, Sponsored Products are an effective way for individual product listings to stand out and drive sales on Amazon.
To know more about Products refer to the link:
https://brainly.com/question/29423646#
#SPJ11
In addition to allowing individuals to invest in private businesses, self-directed IRAs allow investors to hold collectibles (such as artwork and jewelry) in their IRAs. O True O False
The statement " In addition to allowing individuals to invest in private businesses, self-directed IRAs allow investors to hold collectibles (such as artwork and jewelry) in their IRAs" is true. In addition to private businesses, they also allow investors to hold alternative assets such as real estate, precious metals, and even collectibles like artwork and jewelry
It's important to note that the IRS has strict rules and limitations on holding collectibles in an IRA. The collectible must meet certain criteria, such as being rare or unique, and there are restrictions on how the asset can be stored and used. Additionally, holding collectibles in an IRA may come with higher fees and may not be a suitable investment strategy for all investors. It's important to consult with a financial advisor or tax professional before making any investment decisions in a self-directed IRA.
Learn more about Individual Retirement Accounts (IRA): https://brainly.com/question/1637877
#SPJ11
A credit sale of $3400 is made on April 25, terms 1/10, n/30, on which a return of $300 is granted on April 28. What amount is received as payment in full on May 4?
O $3069 O $3366 O $3100 O $3400
Amount received as payment in full is $3,069.
To calculate the amount received as payment in full for a credit sale of $3,400 made on April 25 with terms 1/10, n/30, and a return of $300 granted on April 28, follow these steps:
1. Subtract the return amount from the credit sale amount: $3,400 - $300 = $3,100
2. Since the payment is made on May 4, which is within the 1/10 discount period (10 days from April 25), apply the 1% discount: $3,100 * 0.01 = $31
3. Subtract the discount from the adjusted credit sale amount: $3,100 - $31 = $3,069
So, the amount received as payment in full on May 4 is $3,069.
Read more about "credit sale": https://brainly.com/question/15072413
#SPJ11
Chromatica Manufacturing Company reported the following year-end information: beginning work in process inventory, $90861; cost of goods manufactured, $850078; beginning finished goods inventory, $82795; ending work in process inventory, $83970; and ending finished goods inventory, $65513. How much is Chromatica's cost of goods sold for the year?
The Chromatica's cost of goods sold is of $912,360 while beginning work in process inventory, $90861; cost of goods manufactured, $850078; beginning finished goods inventory, $82795; ending work in process inventory, $83970; and ending finished goods inventory, $65513.
To calculate the cost of goods sold for the year, we need to use the following formula:
Cost of Goods Sold = Beginning Finished Goods Inventory + Cost of Goods Manufactured - Ending Finished Goods Inventory
Substituting the given values in the formula, we get:
Cost of Goods Sold = $82795 + $850078 - $65513
Cost of Goods Sold = $912360
Therefore, Chromatica Manufacturing Company's cost of goods sold for the year is $912360.
It's important to note that the cost of goods sold represents the total cost incurred by a company to produce and sell the goods during the year. This includes the cost of materials, labor, and overhead expenses that are directly associated with the production process. By deducting the cost of goods sold from the total revenue, a company can determine its gross profit for the year.
to know more about cost of goods sold, visit https://brainly.com/question/27009013
#SPJ11
using variable costing and the contribution approach for internal decision making blank . multiple select question. is required as part of gaap financial statements supports decision making enables cvp analysis
Using variable costing and the contribution approach for internal decision-making enables CVP (Cost-Volume-Profit) analysis. It supports decision-making by providing information about the contribution margin of each product or service, which is the amount left over after variable costs have been subtracted from sales revenue.
This information can be used to determine the breakeven point, the level of sales required to cover all fixed costs and to assess the profitability of different products or services. While using these methods is not required as part of GAAP financial statements, they are valuable tools for internal decision-making.
These methods are not required as part of GAAP (Generally Accepted Accounting Principles) financial statements. GAAP requires that companies use absorption costing, which includes fixed manufacturing overhead as part of the cost of goods sold.
Variable costing and the contribution approach focus on separating fixed and variable costs, which is useful for decision-making and CVP analysis. However, these methods may not provide the same level of accuracy for financial reporting purposes as absorption costing, which reflects all costs incurred in the production of goods.
Learn more about decision-making: https://brainly.com/question/13727684
#SPJ11
during a safety check at a waterfront facility, you find an area with a large amount of debris in the water. you should close off the area, inform your supervisor and _________
During a safety check at a waterfront facility, you find an area with a large amount of debris in the water. you should close off the area, inform your supervisor and initiate a plan to safely remove the debris from the water. Depending on the size and type of debris, this may involve bringing in specialized equipment and trained personnel.
It is important to not attempt to remove the debris yourself without proper training and equipment, as this can be dangerous and potentially cause further harm to the environment.
In addition to informing your supervisor, you should also report the situation to the appropriate regulatory agencies and document the incident for future reference. Ensuring a safe and clean environment is essential for the well-being of both humans and wildlife in and around the waterfront facility.
To know more about plan refer to the link:
https://brainly.com/question/16617314#
#SPJ11