Net sales are what are left over after subtracting all returns, allowances, and sales discounts from gross sales.Net sales, which includes all forms of sales and associated deductions, is often the overall amount of revenue reported by a company on its income statement.
Solve the problem ?Sales Revenue is listed at the top of the Income Statement in the Revenue portion. It's typically broken out from Total Revenue and may be broken down into revenue streams, as well (more on those in the next section).
The formula for net sales explained
Net Sales = Gross Sales – Sales Returns – Allowances – Discounts.
Net Sales = (Total Units Sold x Sale Per Unit Price) – Sales Returns – Allowances – Discounts.
Net Sales = (25,000 x $20) - $40,000 - $60,000 - $20,000 = $380,000.
The net sales will be computed with the formula net sales = gross sales – returns – allowances – discounts.
$9500 - 950
8550
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Describe the communication style in china; how is it different from china of residence?
The Chinese place a lot of emphasis on indirect communication as a result of the requirement to keep good ties. In order to convey meaning, they use less words and pay more attention to posture, expression, and tone of voice.
They frequently speak informally and may understate their points. Be nice and polite, and steer clear of anything that makes you communication uncomfortable, or you might find that you have the freedom to discuss topics that are taboo at home. Find topics that everyone can agree on, such as sports, cuisine, and family. While Americans value the individual, Chinese civilization is centered around the group.
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the following are some quotes provided by a number of managers at hawkeye machining company regarding the company's planned move toward a lean manufacturing system: director of sales: i'm afraid we'll miss some sales if we don't keep a large stock of items on hand just in case demand increases. it only makes sense to me to keep large inventories in order to assure product availability for our customers. director of purchasing: i'm very concerned about moving to a lean system for materials. what would happen if one of our suppliers were unable to make a shipment? a supplier could fall behind in production or have a quality problem. without some safety stock in our materials, our whole plant would shut down. director of manufacturing: if we go to lean manufacturing, i think our factory output will drop. we need in-process inventory in order to 'smooth out' the inevitable problems that occur during manufacturing. for example, if a machine that is used to process a product breaks down, it would starve the next machine if i don't have in-process inventory between the two machines. if i have in-process inventory, then i can keep the next operation busy while i fix the broken machine. thus, the in-process inventories give me a safety valve that i can use to keep things running when things go wrong.
I would respond to these managers by saying that The Hawkeye Machining managers are displaying typical fears to a lean processing system.
What is the best respond to the situation of the managers?The best respond to the situation of the managers is that they were exercising some fear i them which is not good enough for the leading as well as the managing the affairs of the firm.
It should be noted that the comment about the missing of some sales if we they don't keep a large stock of items is part of the fear , and as a manage of the company, one needs to be more active than being exercising some kind of fear that will not help in achieving the goal of the organization.
In conclusion, thinking that the factory output will drop as said by a manager, can be seen as a form of fear that from the manager.
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Check the complete question:
How would you respond to these managers? The Hawkeye Machining managers are displaying typical fears to a lean processing system. They need to learn to accept accounting in the 21st century. The Hawkeye Machining managers are displaying typical fears to a lean processing system. Lean manufacturing removes the safety provided by materials, in-process, and finished goods inventory balances. The Hawkeye Machining managers are displaying typical fears to a lean processing system. Their concerns are unfounded. The Hawkeye Machining managers are displaying typical fears to a lean processing system. JIT systems are used worldwide. The Hawkeye Machining managers are displaying typical fears to a lean processing system. Maintaining large inventories will continue even in a JIT system.
jim-o's fast focus restaurant is opening up a new branch. based on demand forecast the following service personnel levels are anticipated. each of the employees must have two consecutive days off in a week. what is the number of employees needed for thursday-friday pair if the minimum number of employees needed is hired to week? days of week monday tuesday wednesday thursday friday saturday sunday staff needs 5 4 3 4 6 6 5
The number of employees needed for the Thursday-Friday pair, if the minimum number of employees per week is hired, is 10.
Tibrewala, Phillipe, and Brown devised a method for organizing a seven-day operation that would give each employee two days off in a row. According to the technique, there are two steps:
Step 1: Minimum Number of Employees Needed for Each Day (GIVEN) Days of the Week Staff Needs Monday 5 Tuesday 4 Wednesday 3 Thursday 4 Friday 6 Saturday 6 Sunday 5
Step 2: Based on the first step, the pairs are calculated by adding the employees needed in pairs: Pairs Staff Needs Monday and Tuesday 9 Tuesday and Wednesday 7 Wednesday and Thursday 7 Thursday and Friday 10 Friday and Saturday 12 Saturday and Sunday 11, i.e. the number of employees needed for the pair Thursday-Friday is 10.
Making predictions about customer demand over a predetermined time period is called demand forecasting. In general, demand forecasting takes into account historical data and other analytical information to provide the most accurate estimates possible.
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one difficulty of computing the value of gdp is that there are no market prices for exports and imports. resource values. business investments. government goods and services.
One difficulty of computing the value of GDP is that there are no market prices for resource values.
What is Gross domestic product ?Gross domestic product (GDP) can be described a the standard that is been used by the economist so that they can have the measure of the value added created in the country as a result of the production of goods as well as the services withing some given period.
It should be noted that this term help in the measurement of the income that is been earned from that production, as well as the amount that is been spent on those services with less consideration about the imports that is been done i the country at this given period of time.
In conclusion, the Gross domestic product (GDP)help the country to know about the current economic growth that is been rec orded over the period of time in the country.
Therefore, the second option is correct.
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ATP is a vehicle manufacturing company which purchases most of the component from suppliers all around the globe. To minimize inventory costs, management decided to use Economic Order Quantity to control its inventory level. KWP is ATP’s long-term supplier for tire, and they have agreed to strict delivery time and quality requirement. Based on the 202X budget, the following information was collected from production:1. Based on pre-order, ATP requires 5250 units of tire each month for the first 4 months of the year and 3625 units of tires each month for the remainder of the year. 2. The carrying cost per unit is R2 per year. 3. The cost per order is R1,000.
Economic Order Quantity is 7071 units to control its inventory level. The following variables are necessary to determine the economic order quantity: demand rate, setup costs, and holding costs.
What are EOQ and its formula?The following is the EOQ formula. EOQ equals the square root of [(2 times demand times ordering cost)/carrying charge]. Demand. The EOQ's assumptions state that the demand is unchanged. The measure of demand is how much inventory is used annually or how many units are sold annually.
Given,
Annual Requirement = 50,000 ( 5250 x 4 + 3625 x 8)
Carrying cost = 2 per year
Order cost = 1000 per order
Required to calculate EOQ =?
EOQ = square root of [(2 times demand times ordering cost)/carrying charge]
EOQ = √ 2 x 50000 x 1000/2
EOQ = √50,000,000
EOQ = 7071 units
Thus, the EOQ is 7071 units. Economic order quantity is crucial since it aids businesses in effectively managing their inventories. Without these inventory management strategies, businesses will frequently store excess inventory during times of low demand while holding insufficient inventory during times of strong demand. Missed opportunities result from either issue.
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6. in its relatively short life span, uber has attracted a lot of media attention. why is this? what is it about the uber business model that is both compelling and polarizing? in addition, why has uber managed to achieve such a high valuation? what are the pros and cons of a high valuation?
In general, media attention stems from both being famous and being infamous. Uber attracts media attention not only because it has become one of the most innovative taxi services of all time, but also because its aggressiveness
Some of its policies are frequently scrutinized and criticized by people. This results in a compelling and divisive view of Uber. Uber is no longer just the on-demand cab service we once knew.
It has also dabbled in other areas, such as Uber Eats (on-demand food delivery) and Uber Freight (on-demand trucking).
To keep things simple, we'll concentrate on Uber's core business of ridesharing - its business model and how it makes money. To put it simply, Uber is a digital aggregator app platform that connects passengers in need of a ride from point A to point B with drivers willing to serve them.
"Passengers" create demand, "Drivers" supply demand, and "Uber" acts as the marketplace/facilitator to make it all happen on a mobile platform. Uber's model has enabled it to generate strong value propositions for both passengers and drivers to join its platform and disrupt the taxi/cab industry.
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a bowling alley rents pairs of shoes to customers. the bowling alley rents out each pair of shoes for $6, and each pair of shoes costs the bowling alley $2 to sanitize upon return. the sanitizing machine costs $250 to rent each month. what is the least number of pairs of shoes the bowling alley must rent to customers each month to cover the cost of the sanitizing machine?
65 is the least number of pairs of shoes the bowling alley must rent to customers each month to cover the cost of the sanitizing machine.
Rent for each pair of shoes = $6
Cost for sanitize = $2
Net profit = $4
Cost of rent for sanitizing machine costs = $250
Therefore, no. of pairs = 250/4 = 65(approx.)
What is rent?A set monthly fee you pay to use someone else's home, vehicle, television, or other property on a regular basis. Due to the larger size of my room, I pay a higher rent/more rent than the other tenants.
According to the formula, one can determine the value of economic rent by subtracting the free market. From the agreed-upon price of the production factor, read more price. The price that is agreed upon by both the buyer and the producer is known as the agreed price.
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describe the impact that technology has on an accounting system by completing the following sentence. technology provides accuracy and in performing accounting .
Technology increases the speed of processing transactions, the technology provides accuracy and in performing accounting . A system for gathering, storing, and analyzing financial and accounting data utilized by decision-makers is known as an accounting as an information system (AIS).
An accounting information system, in conjunction with information technology resources, is typically a computer-based approach for the monitoring accounting operations. Accounting professionals can swiftly and efficiently process massive amounts of the financial data using computerized accounting systems. The amount of time required to end each accounting period has decreased as a result of the faster processing speeds for individual transactions.
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a trainee appraiser just completed the required 75 hours of qualifying education and now has three supervisory appraisers to interview. the trainee appraiser wants to research the supervisor appraisers prior to the interviews. where is a good place to start?
The good place to start research about supervisor appraiser by the trainee appraiser is ASC national registry.
The word "supervisor" or "lead" refers to a relatively low management position that is primarily centered on authority over employees or a workplace. Other names for this position include foreman, leader, overseer, mediator, monitoring, area coordinator, line-manager, and even sometimes gaffer. A lecturer who supervises a PhD dissertation is an example of a one of the most senior staff members who can serve as a supervisor. On the contrary side, supervision can be done by an employee without this actual designation, such as parents.
Any employee who is assigned this obligation as part of their position description can be referred to using the term "supervisor" by itself. right.
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the top part of rammy's incorporated's 2022 balance sheet is listed as follows (in millions of dollars). current assets: current liabilities: cash and marketable securities $ 5 accrued wages and taxes $ 6 accounts receivable 15 accounts payable 10 inventory 95 notes payable 50 total $ 115 total $ 66 what are mars, incorporated's current ratio, quick ratio, and cash ratio for 2022? multiple choice 1.74242, 0.30303, 0.07576 7.1875, 1.25, 0.3125 1.43939, 0.30303, 0.07576 19.16667, 3.33333, 0.83333
Mars, Incorporated's current ratio, quick ratio, and cash ratio for 2022 is
1.74242, 0.30303, 0.075.76
Current ratio = 1.74
Quick ratio = 0.3, Cash ratio = 0.076
Current ratio = Current assets/Current liabilities
= $115/$66
= 1.74
Quick ratio = Current assets - Inventory/Current liabilities
= $20/$66
= 0.3
Cash ratio = Cash and marketable securities/Current liabilities
= $5/$66
= 0.076
What is current ratio?
The working capital ratio, often known as the current ratio, is a metric that aids businesses in assessing their capacity to settle short-term liabilities within a year. It seeks to demonstrate how individuals might make the most of their current assets to pay off their creditors' short-term debts.
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which of the following is a metric of sales programs in variable pay plans? question 45 options: return on investment turnover costs accident rates increase in market share
Increase in market share.
Increasing market share entails increasing your company's sales effort and employing new or enhanced methods to assist you get somewhere.
What is variable pay plan?Variable pay, also known as incentive pay or commission, is a method of compensating employees beyond the hours worked and encouraging them to meet goals.Performance-based variable pay assists in rewarding and motivating hardworking employees. An increase in variable pay raises the organization's costs. Organizations can use variable pay to link compensation to revenue and financial performance.Where the fixed-to-variable pay ratio is 60:40. The fixed-to-variable pay ratio for non-sale jobs is 80:20. Variable pay results in a highly motivated employee because their performance directly correlates to a higher incentive. Variable pay, on the other hand, breeds unhealthy competition.To learn more about variable pay refer to :
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a company experienced an event that had no affect on the amount of total assets or net income, but did cause a cash outflow from investing activities. the event that caused this could have been .
An incident occurred at a corporation that had no impact on total assets or net income, but did result in a cash outflow from investing operations due to a loan with a three-year term to maturity.
Cash transactions involving net income are considered operating activities. Cash transactions involving noncurrent assets are considered investing. Cash transactions involving noncurrent liabilities and owners' equity are considered financing activities. Operating, investing, and financing operations are the three different types of cash flows. Transactions involving equities, loans, and dividends are all examples of financing operations. Investors can learn about a company's financial health and how well its capital structure is managed by looking at the cash flow from financing operations.
Financial activities are company transactions or occurrences that have an impact on long-term liabilities and equity. In other words, financial activities include any dealings with lenders or investing that are utilized to finance business growth or operations. The third group of cash transactions shown on the statement of cash flows is these transactions.
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thinking about how biomass energy sources are produced and used to generate electricity, why is biomass the biggest source of non-conventional energy in the united states today, despite massive investments in solar energy?
Despite significant efforts in solar energy, biomass is the most important source of non-conventional energy in the United States today because it can be replenished relatively rapidly without irreversibly destroying Earth's natural resources. The majority of biomass power is generated by direct burning.
What is Biomass energy?Biomass is a plant-based resource that is used as a fuel to generate heat or power. Wood and wood leftovers are examples, as are energy crops, agricultural residues, and garbage from industry, farms, and households. Because biomass may be used directly as a fuel (for example, wood logs), some people use the terms biomass and biofuel interchangeably. Others combine two terms into one. Biofuel is defined by government agencies in the United States and the European Union as a liquid or gaseous fuel used in transportation. The Joint Research Centre of the European Union defines solid biofuel as "raw or processed organic materials of biological origin utilized for energy," such as firewood, wood chips, and wood pellets.
Some of the benefits of biomass energy include:
As a renewable energy source, biomass is always and abundantly available.It emits no greenhouse gases.It lessens our dependency on fossil fuels.Is less costly than fossil fuels.Manufacturers gain income from biomass generation.There is less rubbish in landfills.To know more about biomass energy, visit
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if yours is a manufacturing business, you will outline what you will produce and what you will purchase as components to your finished product. discuss your control systems for inventory, purchasing, and production.
A technology solution known as an inventory control system is used to monitor and track a company's products across the supply chain. Using this technology, purchasing, shipping, receiving, warehousing, and returns will all be integrated and managed in one system.
Define inventory system.Many manual operations will be automated by the best inventory control system. A system for controlling a company's inventories, including purchasing, shipping, receiving, tracking, warehousing and storage, turnover, and reordering, is known as an inventory control system. Depending on the nature and scale of its business, each firm will manage stock in a distinctively different way. Systems of inventory inform you how many parts or ingredients are required to build or assemble your finished product.
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pkr inc. is launching its new product in the market. the managers at pkr want to price the product in a way that would enable the company to recover the investments made toward developing the product. which pricing strategy would be most effective for pkr inc.?
Price skimming strategy would be most effective for pkr inc. It would enable the company to recover the investments made toward developing the product in which new product prices are set high.
What exactly is price skimming?
Skim pricing, also defined as price skimming, is a monetization strategy in which new product prices are set high and then reduced as rivals enter the market. Skim pricing is the inverse of penetration pricing, which involves pricing newly launched products low in order to build a large customer base from the start.
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the traditional income statement uses which of the following cost categories? multiple choice 1 variable expenses and fixed expenses. cost of goods sold and fixed expenses. operating expenses and selling and administrative expenses. cost of goods sold and selling and administrative expenses.
The traditional income statement uses the costs of goods sold and selling and administrative expenses. Thus, option 4 is the answer.
The income statement refers to the final report of expenses, incomes, and the profit and loss which is incurred by a company based on its production and sales. A traditional income statement refers to an income statement where the net cost of production, as well as the number of products sold, is both taken into account.
The cost of goods sold and selling are part of the revenue. Revenue refers to the income that is gained by a company after selling its products or services.
Administrative expenses refer to the cost of production which is incurred on the production of the product or service. It is the expenditure that is carried out.
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How can mynav green cloud advisor help an accenture client achieve a clear emissions profile for their data centers?.
Mynav green cloud can help by implementing one green solution strategy across all clients, regardless of geography or readiness
Mynav green cloud give the person or consumer full permission to obtain and store any amount of data they desire. Additionally, many software programmes are employed to create these sources of information in order to maintain their quality. Current status information refers to the act of storing full data of the energy that the client is going to appropriate in the present state for comparison. Establishing a solitary green solution strategy for all clients, irrespective of their area or preparedness concerns.
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larry is looking to add a real estate investment to his portfolio that is publicly traded on the exchanges, thereby offering him diversification and marketability. he has decided that a real estate investment trust (reit) is the best choice and asks his financial planner for information about the reits available for purchase. based on larry's request, the financial planner explained the various investment choices. which of these was incorrectly stated by his financial planner? a) mortgage reits finance real estate ventures by making loans to develop property or finance construction. b) hybrid reits are a combination of equity reits and mortgage reits. c) equity reits acquire real estate for the purpose of renting the space to other companies, thereby generating income. d) for the shareholders, income received is considered passive income.
The statement which is incorrectly stated by his financial planner is- for the shareholders, income received is considered passive income.
What is a Passive Income?
Earnings from a rental property, limited partnership, or other business in which a person is not actively involved are considered passive income. Passive income is often taxed, just like active income, but the Internal Revenue Service (IRS) frequently treats it differently.
What is a dividend?
A dividend is a payment made by a corporation to its shareholders that is decided by the board of directors. Dividend payments are frequently made quarterly and might take the form of cash payments or stock reinvestments.
The dividend yield, which is the dividend per share, is stated as a percentage of the share price of a corporation, for example, 2.5%.
Dividends do not fit the Internal Revenue Service's definition of passive income even though they do not require the shareholder to actively participate in the process of obtaining them (IRS).
Being classified as passive income has advantages since it is subject to capital gains tax, which is substantially less expensive than ordinary income tax.
An investor would ideally want to pay taxes at the capital gains tax rate.
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What happens when a limited partnership fails to substantially comply with all the requirements of the state statute regarding limited partnerships?.
When a limited partnership fails to substantially comply with all the requirements of the state statute regarding limited partnerships the partnership terminates.
At least one partner in a limited partnership (LP) has unlimited liability—the general partner (s). The other limited partners have limited liability, which means that their personal assets cannot typically be used to satisfy business debts and liabilities. The following events may result in dissolution: (1) termination of the partnership in accordance with the provisions of the certificate; (2) termination in the event of an event specified in the partnership agreement; (3) unanimous written consent of the partners; and (4) withdrawal of a general partner.
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your company just received its bank statement, which indicates that the balance is $5,250. the cash balance in your books is, however, $4,950. you know as well that there is a note receivable collected by bank for $300 that explains the difference. to reconcile the bank statement with the cash balance in your books, you should...
To reconcile the bank statement with the cash balance in your books, you should Reduce the bank statement by $300.
Statements of bank reconciliation have confirmed that cash receipts have been placed into the bank and that payments have been handled. The reconciliation statement shows differences between the bank balance and the book balance, which aids in processing any necessary adjustments or corrections.
In order to make modifications to the accounting records, address any discrepancies, and spot fraudulent activities, you would perform a bank reconciliation by comparing the cash balances on the balance sheet to the matching amount on your bank statement.
Bank Reconciliation Procedure:
Add back any deposits that are currently in-transit using the cash balance shown on the bank statement. Subtract any unpaid checks. You'll see the most recent cash balance in the bank. The company's ending cash balance is then increased by any interest earned and the number of notes receivable.
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becky has 20/50/5 automobile insurance coverage. if two other people are awarded $30,000 each for injuries in an auto accident in which becky was judged at fault, how much of this judgment would the insurance cover?
$50,000 of this judgment would the insurance cover
The maximum amount the insurance company will pay is $25,000 per person with a maximum of $50,000 per accident for all persons.
Insurance is a means of protecting against financial loss by agreeing, for a fee, to indemnify the other party in the event of a certain loss, damage, or injury. It is a form of risk management used primarily to hedge the risk of potential or uncertain losses.
Companies that provide insurance are known as insurers, insurers, insurers, or underwriters. The person or entity that purchases the insurance is called the policyholder, and the person or entity covered by the policy is called the insured person. The terms policyholder and insured are often used synonymously but are not always synonymous as coverage may extend to additional insured persons who did not purchase the policy.
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Brickhouse is expected to pay a dividend of $2. 50 and $2. 20 over the next two years, respectively. After that, the company is expected to increase its annual dividend at 2. 6 percent. What is the stock price today if the required return is 10 percent?.
$35.2 is the stock price today
A share price is the cost of one equity share among many sellable shares of a corporation.
How to calculate stock price ?A share price is the price of a single share of a company's sellable equity shares. In layman's terms, the stock price is the highest amount that someone is willing to pay for the stock, or the lowest amount that it can be purchased for.
A share's price is determined by supply and demand. If demand is high, it will rise, and if demand is low, it will fall. Stock prices are determined by the bid and ask price of the stock. A bid is an offer to purchase a specific number of shares at a specific price. An ask is a request to sell a specific number of shares at a specific price.
To determine how valuable the shares are for traders, multiply the last updated value of the company share by the number of outstanding shares. The price to earnings ratio is another method for calculating the share price.
The company's shares are first issued in the primary market; an Initial Public Offering (IPO) is made to the general public to raise funds to meet capital requirements. The initial share price is determined in an IPO by taking the firm's performance and net present value into account.
Calculating answer for given question :
P2 = [$2.20(1 + .026)]/(.100 - .026) = $30.50
P0 = $2.50/1.00 + ($2.20 + 30.50)/1.00 = $35.2
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a manager asks a dish washer to rewash dishes after determining that the sanitizing rinse was not properly made. this is an example of which step in active managerial control?
Elimination of the root causes of non-conformities or other unpleasant events in order to stop them from happening again. Preventive action: A step done, usually as a result of a risk analysis, to stop the occurrence of such non-conformities.
Explain about the corrective action?
The dismissal of the employee shouldn't be the desired result of corrective action. Corrective action should be used instead when a management or employer genuinely wishes to support and nurture progress in the worker.
When root causes have been discovered, corrective efforts are typically started. These actions can involve engineering controls, process modifications, or the usage of personal protective equipment (PPE).
Because there is a problem, corrective action is required. In order to resolve the issue and create a strong plan for the future, problem-solving approaches might be used. The difficulty is that people frequently employ inadequate problem-solving strategies, which results in shaky plans.
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when the yield curve is upward-sloping, then: multiple choice short-maturity bonds offer the highest coupon rates. long-maturity bonds are priced above par value. short-maturity bonds yield less than long-maturity bonds. long-maturity bonds increase in price when interest rates increase.
When the yield curve is upward sloping then Short-maturity bonds yield less than long-maturity bonds.
A bond in financing may be defined as the money raised by the borrowers from the investors who are willing and are capable of lending them money. A bond may be private or governmental. The bond is a symbol of the trust between the borrower and investor. Bonds can be bought or sold whenever they get matured. Yield curve may be defined as the graph plotted showing the relation between the interest rates of the bonds which have equal credit quality but different maturity period. This curve shows the risk which a investor poses while issuing a bond to a borrower. This curve shows relation between different bonds whether short term or long term.
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watch your career identity: answering the following questions share 3 key takeaways from the course and lecture how does your project relate to your career identity? how will you use the information in your future career development/job search?
Career development refers to the assistance a company provides for a person's professional advancement, particularly when the employee transitions to a new position or project within the company. This support frequently consists of mentorship, coaching, skill development, networking, and career planning
Explain about the Career development?Simply put, a professional development plan (CDP) is a list of long and short-term objectives that individuals set for themselves, whether they are doing so for their current position or anticipating future employment. To accomplish the objectives they have set for themselves, employees need to have a range of experiences.
Having a growth attitude is one of the most crucial things you can do for your professional development. Even if you don't think you're qualified, say yes to the job interview. Even if you're worried that you won't be very good at it, enroll in a course to learn a new talent.
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Marilyn wants to use a non-price competitive marketing strategy to gain more customers. Which of the following might she use?
Answer:
promotion or higher prices
magine a north carolina farmer has two parcels of land that have low soil quality. the farmer has decided to pull these parcels out of production for the next 10 years so that the soil can repair itself. just as the farmer makes this decision, the federal government introduced a new conservation program that pays farmers to temporarily retire farmland over a 10-year period. the farmer jumps at this program because he gets paid to do something that s/he would have done regardless of the subsidy program. this type of scenario raises the question of because it is not clear the agricultural subsidy is paying for anything above and beyond what the farmer would have done otherwise. select one: a. leakage. b. additionality. c. slippage. d. permanence.
The agricultural subsidy is paying for anything above and beyond what the farmer would have done otherwise - permanence
What is Agriculture?
Agriculture, sometimes known as farming, is the cultivation of plants and cattle. Agriculture was an important development inside the rise of sedentary civilization, as it produced food surpluses that allowed people to move to cities. Agriculture has been around for thousands of years. Beginning at about 105,000 years ago, nascent farmers started to sow wild grains around 11,500 years ago. Domestication of pigs, sheep, goats, or cattle began over 10,000 years ago. Plants were grown independently in at least 11 different parts of the world. In the twentieth century, factory farming based on massive monoculture grew to predominate agricultural output, despite the fact that approximately 2 billion people still relied on subsistence agriculture.
It is the act of trading anything with a different actual worth than the market value in order to make money. The state of remaining constant is known as permanence, whereas the state of interveining is known as additionality. These options do not correspond to the provided situation.
Therefore, the correct option is D
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on deck sports memorabilia store sells a babe ruth rookie card for $3,100 on account. if the sales tax on the sale is 5%, the journal entry to record the sale would include:
The journal entry to record the sale is attached in the image below
What is a journal entry?Generally, The act of maintaining or creating records of any transactions, whether economic or non-commercial in nature, is referred to as an entry in a journal.
An accounting journal is a record kept by an organization that details the transactions that have taken place and display the debit and credit balances.
How do you go about writing an entry for your journal?To establish a new ledger account using a journal entry. Pick the ledger account that you wish to use for the first line of the journal, and utilize the drop-down menu to do so.
Details. In the event that it is necessary, give specifics for the journal row.
Incorporate into your tax return. Mark this option if you want the amount from this journal entry line to be included on your tax return. It will appear here.
The entry in the diary may include many records, each of which may be either a debit or a credit depending on the circumstance.
In conclusion, The entry in the journal to record the sale can be found attached in the picture that can be seen below.
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consider a restaurant with a capacity-constrained process. what will the impacts on the revenue be if processing time for the bottleneck resource is reduced by 10% while everything else remains the same?
Consider a restaurant with a capacity-constrained process Higher revenue and profits will the impacts on the revenue be if processing time for the bottleneck resource.
What's a capacity constrained resource?A capacity constraint resource( CCR) is the weakest link in a particular process. There are a number of coffers that can limit overall product capacity in a business setting, including workers, available inventories or outfit capabilities.
What's resource constrained?Resource constraints do when design directors don't have enough coffers to meet the demands and outgrowth of a design. A design may face limited coffers in terms of mortal coffers, accoutrements , outfit, or finances.
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on january 1, year 1, an entity sold a product to a customer for $64,751 payable 36 months after delivery. the customer obtains control of the product at contract inception. the cash selling price of the product is $50,000. this price is the amount that the customer would pay upon delivery at contract inception assuming the same product is sold under otherwise identical terms and conditions. the contract includes an implicit interest rate of 9%. what amounts of revenue and interest income from this contract, if any, were recognized by the entity in year 1? revenue from customers interest income revenue from customers $50,000 interest income $14,751 revenue from customers $64,751 interest income $0 revenue from customers $54,500 interest income $0 revenue from customers $50,000 interest income $4,500
As a result, interest income is recognised in Year 1 of $4,500 ($50,000 9%).
What is interest?
The monetary fee for the privelidge of borrowing money is known as interest. Interest expense or revenue is frequently expressed in monetary terms, whereas the interest rate used to determine interest is typically expressed in annual percentage terms (APR). The amount of money received by a loan company or financial institution in exchange for lending money is referred to as interest. The amount of ownership a share holder has in a corporation, usually expressed as a percentage, is also referred to as interest. Interest is the concept of trying to compensate one party for taking a risk and foregoing the ability to use funds, while penalising another party for using someone else's funds. The person who is temporarily parting with their money is entitled to damages, and the person who is temporarily using those funds is frequently required to pay the above compensation.
The revenue recognised must reflect the cost that a customer would've have paid for the promised products or services if payment had been made in cash at the time the goods were transferred to the client (the cash selling price). Thus, $50,000 in customer revenue must be recognised on 1/1/Year 1. A significant financing component is included in the contract. This is the distinction between the $64,751 promised consideration and the $50,000 cash selling price. The effective interest method is used to recognise investment returns from the adjustment of the transaction value for the impact of the money's time value. As a result, interest income is recognised in Year 1 of $4,500 ($50,000 9%).
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