Based on the given entries, the condensed divisional income statements are:
Cereal Division Snack Cake Retail Bakeries
Sales 25,000,000 8,000,000 9,750,000
Cost of Goods (16,670,000) (5,575,000) (6,795,000)
Sold
Gross Profit 8,330,000 2,425,000 2,955,000
Operating Expenses (7,330,000) (1,945,000) (2,272,500)
Operating income (1,000,000) (480,000) (682,500)
The profit margins, Investment turnover, and ROI.
Cereal Division Snack Cake Retail Bakeries
Profit Margin 4 6 7
Investment Turnover 2.5 2 12
ROI 7 1.5 10.5
The management should go with Snack Cake as it has the highest Profit Margin.
What are the matrics and ratios for Crunchy Granola Company?The condensed income statements will show all the divisions and their operating incomes in one statement as shown above.
The profit margin can be found as:
= Operating income / Sales x 100
The Return on Investment (ROI) is:
= Operating income / Invested assets x 100
Investment turnover can be found as:
= Sales / Invested assets x 100
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The Warehouse Management System (WMS) _____. (Select all that apply.)
locates products in the warehouse
locates products in the warehouse
records shipments in and shipments out
records shipments in and shipments out
tracks inventory
tracks inventory
schedules employees
schedules employees
Answer:
Records Shipments in and shipments out, Locates products in the warehouse.
Answer:tracks inventory
Explanation:
True or false? Product/market fit automatically results in high-volume sales.
Answer:
It is True
Explanation:
Defining product-market fit
"Product-market fit," writes startup coach and investor Marc Andreessen, "means being in a good market with a product that can satisfy that market." When an entrepreneur identifies a need in the market and builds a solution that customers want to buy, that's product-market fit.
Product/market fit automatically results in high-volume sales, is the true statement.
What is a Product/market fit?"Product-market fit" is defined by startup advisor and investor Marc Andreessen as existing in a healthy market with a product that can satisfy that market's needs. When an entrepreneur recognizes a market gap and creates a product that customers want to buy, product-market fit has occurred.
It shows that people are willing to pay a price for your goods and that it has a significant enough market or audience. Take the case where you want to create a smartphone app that allows for free video conference communication. If it doesn't fit, nothing fits.
Strategic fit describes how well a company is matching its assets and capabilities to opportunities in the external environment.
Thus, it is a true statement.
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The accounts receivable turnover ratio is calculated by:.
Answer:
It is calculated by dividing net credit sales by average accounts receivable
Explanation:
National distributing company uses a periodic inventory system to track its merchandise inventory and the gross profit method to estimate ending inventory and cost of goods sold for interim periods. net purchases for the month of august were $43,000. the july 31 and august 31, 2021, financial statements contained the following information:
income statements for the months ending
august 31, 2021 july 31, 2021
net sales $60,000 $50,000
balance sheets at
august 31, 2021 july 31, 2021
assets:
merchandise inventory $35,000 $34,000
required:
determine the company's cost percentage.
The determination of the National Distributing Company's cost percentage under the gross profit method of estimating ending inventory and the cost of goods sold is 70%.
What is the gross profit method?Under the gross profit method, the cost of ending inventory and the cost of goods sold are estimated in each by following the following steps:
Add the cost of beginning inventory to the cost of purchases during the period to arrive at the cost of goods available for sale.Multiply (1 - expected gross profit percent, if given) by sales during the period to arrive at the estimated cost of goods sold.Otherwise, if you have the estimated cost of goods sold, you can use the figure to work out the gross profit percentage. Then work out the ending inventory by subtracting the cost of goods sold from the cost of goods available for sale.Data and Calculations:Net Purchases for August = $43,000
National Distributing Company
Income StatementsFor the months ending August 31, 2021, and July 31, 2021:
August July
Net sales $60,000 $50,000
National Distributing Company
Balance sheetsAt August 31, 2021 July 31, 2021
Assets: August July
Merchandise inventory $35,000 $34,000
Cost of goods available for sale for August:
Beginning inventory (July) $34,000
Purchases 43,000
Cost of goods available $77,000
Ending inventory (35,000)
Cost of goods sold $42,000
Company's cost of goods sold percentage = 70% ($42,000/$$60,000 x 100)
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A low-cost, no-frills grocery store chain that began in the United States decided to open similar stores in Germany which did not have any stores like this. What type of FDI is this company using
A greenfield investment is the type of Foreign direct investment used by the grocery store chain that began in the United States but decided to open similar stores in Germany.
What is a greenfield investment?A greenfield investment means a foreign portfolio whereby company merely buys the stocks or bonds of an existing company.
Thus, the greenfield investment is the type of Foreign direct investment used by the grocery store chain.
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If stock prices go up and people feel richer, aggregate demand will: stay the same because there have been no changes to the underlying assets. Increase. Be unpredictable. Decrease
If stock prices go up and people feel richer, aggregate demand will increase.
What is the wealth effect?
The wealth effect is an economic theory which postulates that consumer spending increases when consumers perceive that their is an increase in the value of their assets(wealth). Consumer spending increases even if there is no increase in income.
So when the stock prices increases, aggregate demnand would increase.
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If stock prices go up and people feel richer, the aggregate demand will increase with the corresponding increase in the price level.
What do you mean by Price Level?Price Level refers to an average of current prices across the goods and services that are produced in the economy. Price levels refer to one of the most economic indicators in the world.
Aggregate demand will increase when the stock prices go up. Aggregate demand should increase when the components of the aggregate demand that including consumer spending, investment spending, government spending, and spending will rise.
Therefore, the aggregate demand will increase when the stock prices go up and people feel richer.
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1do you think jack is an entrepreneur? motivate your answer.
Answer: I think jack is an entrepreneur because he is allowing kids to jumpstart their entrepreneurial journey. Kids can operate their own drink stands or marketplace locations, all while learning the basics of business and making money. jack helps kids know that they can always start young and be successful.
Explanation:
Choose all the characteristics of an effective leader.
✓ Welcome feedback
Take team credit
Micromanage
Have emotional intelligence
O Work to resolve conflict
Coach employees
Foster unhealthy competition
Answer:
likes competitions, puts in the work, team player
Welcome feedback, have emotional intelligence, work to resolve conflict, and coach employees are characteristics of an effective leader. Therefore, options A, D, E, and F are correct .
An effective leader is an individual who possesses the skills, qualities, and attributes necessary to inspire, guide, and motivate a team towards achieving common goals and objectives.
They demonstrate strong communication skills, actively listen to their team members, and value their input. Effective leaders exhibit emotional intelligence, understanding and managing their own emotions as well as those of others.
They foster a positive work environment, promote collaboration, and work to resolve conflicts constructively. Additionally, they provide guidance and support to their team members, offering coaching and development opportunities to help individuals reach their full potential and contribute to the overall success of the organization.
Therefore, options A, D, E, and F are correct .
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Economic stability is a benefit of technological advances. Please select the best answer from the choices provided T F.
Answer:
The answer is False
Explanation:
Just took the test and got it right
Economic stability is an economy where there is consistent output growth and stable and low inflation growth. Advanced technology is the key to the economic stability of a country and its development.
What are the advantages of a stable economic condition?Economic stability also contributes to the stability of all macroeconomic factors, such as increased production, improved efficiency, and a lower unemployment rate. Through technology and innovation, the overall standard of living of citizens improves as productivity increases, resulting in better goods and services.
Many techniques, such as inflation control, new job opportunities, stabilizing the currency rate, and many more, to maintain the stability of the economy. A stable economy encourages investment, creates consumer confidence, and helps in stimulating business growth and results in the overall economic development of a country.
It is therefore true that technological advances are beneficial for economic stability because they help to improve the living standards of citizens due to stable employment opportunities, resulting in a stable income for individuals.
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According to Baumrind, which type of parents place firm limits and controls on their child, allows little verbal exchange, and might show rage toward their child
The type of parents place firm that place limits and controls on their child and allows little verbal exchange is authoritarian.
What is authoritarianism?Authoritarian serves a kind of control whereby the parents posses the total control over their child.
In this kind of parents place firm, there is always a way to check the activities of the children to avoid bad influence.
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Patient satisfaction with va care and services is often reported to be at what percentage?.
Your highness, caught you sippin' on lean
Reminds me that's how it's supposed to be
Explanation:
Hollaway Manufacturing is considering using stocks of an old raw material in a special project. The special project would require all 180 kilograms of the raw material that are in stock and that originally cost the company $2,406 in total. If the company were to buy new supplies of this raw material on the open market, it would cost $7 per kilogram. However, the company has no other use for this raw material and would sell it at the discounted price of $6. 35 per kilogram if it were not used in the special project. The sale of the raw material would involve delivery to the purchaser at a total cost of $68 for all 180 kilograms. What is the relevant cost of the 180 kilograms of the raw material when deciding whether to proceed with the special project
Assuming the delivery cost is $68. The relevant cost of the 180 kilograms of the raw material when deciding whether to proceed with the special project is $1,075.
Relevant costUsing this formula
Relevant cost=(Raw material×Discounted price)-Delivery cost
Where:
Raw material=180 kilograms
Discounted price=$6.35
Delivery cost=$68
Let plug in the formula
Relevant cost=(180 kilogram×$6.35)-$68
Relevant cost=$1,143-$68
Relevant cost=$1,075
Inconclusion the relevant cost of the 180 kilograms of the raw material when deciding whether to proceed with the special project is $1,075.
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How much time after selling a house do you have to buy a house to avoid the tax penalty?.
Answer:
no idea but im pretty sure its 6 months
Explanation:
becuase i think so
What channel intermediary does not take title to products, but instead brings a seller and buyer together?.
Answer:
It would be the agent by definition.
Answer:
an agent.
Explanation:
a real estate agent does not physically own the properties, but helps bring in consumers who want to purchase the home.
please rate and mark as brainlest.
What is the relationship between interest rate, aggregate income, and price level?.
A decrease in income will lead to a decrease in price level and a decrease in the interest rate.
What is the relationship between these variables?When income declines, there would a decrease in demand and this would lead to a decline in price levels. When price levels fall, interest rate also decline. Thus, there is a positive relationship between these variables.
If a product has a unit contribution margin of $12, a sales price of $20 and total fixed costs of $1,000, its variable cost per unit must be $______.
Based on the unit contribution margin and the sales price of the product, the variable cost per unit is $8.
What is the variable cost per unit?This can be found as the formula:
= Sales price - Contribution margin per unit
Solving gives:
= 20 - 12
= $8
In conclusion, the variable cost per unit is $8.
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Which statement describes what this graph indicates about government spending? the government spends less than it receives year over year. the government should produce more money to cover spending. the government on average spends more than it collects. the government needs to lower taxes to cover spending.
The government spending graph indicated that
the government on average spends more than it
collects.
What is Government Spending?Government Spending serves as the public expenditure on goods as well as services which can be seen as a major component of the GDP.
Therefore, it can be concluded that the government spending graph let us know that the government spend more.
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Wilson manufacturing relies on an extensive __________ system, where its employees share information between departments. for example, departments such as human resources can share payroll information with employees. persons outside the firm do not have access to this network.
Answer:
Wilson manufacturing relies on an extensive Intranet system, where its employees share information between departments. for example, departments such as human resources can share payroll information with employees. persons outside the firm do not have access to this network.
What would be the best reason for the United States to provide military aid to another country? to protect an established alliance to improve the other nation’s reputation to help the other country gain greater power to result in a new trade agreement or alliance.
Answer: A protect an established alliance
Explanation:
that’s the answer on Ed2022
The best reason for the United States to provide military aid to another country is to protect an established alliance.
What is the reason the US providing military aid to other nations?The US wants to give security to other nations and establish its supremacy among the nations. It shows its power to big nations by collaborating with small nations.
Therefore, the US form an alliance with these nations and get their support by involving in trading and other economic agreements with them.
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Walmart sells a bike that cost $100 to a customer for $250 cash. using a perpetual inventory system, the entry to record the sale includes a debit to and credit to for $250. the entry to record the cost of the sale includes a debit to cost of goods sold and a credit to for $100.
i. true
ii. false
1. Using a perpetual inventory system, the entry to record the sale for Walmart includes a debit to the Cash account and a credit to the Sales Revenue account for $250.
2. The entry to record the cost of the sale under the perpetual inventory system includes a debit to the cost of goods sold and a credit to Inventory for $100.
What is the perpetual inventory system?The perpetual inventory system can be differentiated from the periodic inventory system by the fact that perpetual inventory continuously updates the inventory value without relying on the physical inventory count.
Under this system, the cost of goods sold is debited and the inventory account is credited.
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Which ics functional area arranges for resources and needed services.
The ICS functional area that arrange for resources and needed services is known as logistics.
What is ICS?ICS is an acronym for Incident Command System. It is a management system designed to enable effective and efficient domestic incident management.
The five major ICS functional areas are:
CommandOperationsPlanningLogisticsFinance/administration.Hence, Logistics as an ICS functional area is responsible for arranging for resources and needed services to support achievement of the incident objectives.
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Which of the following is an example of a game where the customer can choose their own numbers
The game where players are allowed to pick their own numbers is the game of Mega-Millions.
What is Mega-Millions?This is a type of lottery game that is available in several countries around the world and involves players picking certain numbers to stand a chance to win some money.
The players get to choose the numbers they believe will be lucky and then there is a draw. If their numbers are selected, they stand a chance to win.
Options for this question were:
a. Quick Pick game.
b. Mega Millions.
c. Instant Scratch-Off game.
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do you like lauge arts it is supper fun in cool
Answer: It's really confusing. its just mid.
Explanation:
All of the following are examples of fiscal policy except __________.
a. the government building the new i-22 into birmingham, alabama
b. decreasing the corporate tax rate on us businesses
c. the government purchase of army uniforms
d. lowering the interest rate
economics
The given options are all examples of fiscal policy enacted by government except d. lowering the interest rate.
What is fiscal policy?Fiscal policy refers to actions by the government that are meant to improve or constrict economic activity.
They do so by either spending, reducing spending, or altering tax rates. Fiscal policy does not directly influence interest rates as this is done by monetary policy.
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Identify true statements about the team effectiveness quotient (tq). (check all that apply. )
Generally, the quotient evaluates a team effectiveness based on the performance and development of teams desired outcomes for the organization.
What is a personal effectiveness quotient?It is a quotient that shows an employee's ability to work well with others and be a team player without having to compromise his/her values.
Now, the quotient of team effectiveness shows the extent at which team members trust and collaborate with each other for the team as a whole.
In conclusion, this quotient is important because its measures how much the team members sacrifices for their organization cause.
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A decrease in the demand for loanable funds would most likely be caused by a(n):
A decrease in the demand for loanable funds would most likely be caused by a decrease in business opportunities or transactions.
What are loanble funds?Loanable funds are money or lumbsum available for individual or group of people to loan.
This funds are made available by an economy or an indication to support businesses.
People borrow more when there is good business transaction.
Therefore, A decrease in the demand for loanable funds would most likely be caused by a decrease in business opportunities or transactions
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A drop in demand for loanable cash is most usually due to a drop in business possibilities or transactions.
What factors influence the demand for loanable funds?The desire for investment is the most important factor driving the demand for loanable cash. The expenditure of funds on the acquisition of new capital goods and inventory is referred to as an investment. The cost of borrowing cash for investment is readily represented by the interest rate.
The loanable funds market describes how this borrowing occurs. Savings provide the source of loanable funds. Borrowing drives the demand for loanable cash. The real interest rate and the amount loaned are determined by the interaction of the supply of savings and the demand for loans.
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Which of the following are different categories of risk? (Select all that apply)
Question 3 options:
Physical
Location
Human
Technology
Compliance
Financial
Operational
Environmental
Risk can be categorized into the following options:
Physical riskCompliance riskFinancial riskOperational riskEnvironmental riskWhat is a Risk?A Risk refers to an occurence or a chance that something that is harmful or unexpected could happen.
Usually, a risk is associated with a harmful outcome which can be managed with different risk management measures.
Some of the risk management measures includes:
avoidance or risk, retention of risk, sharing of risk, transferring of risk etcIn conclusion, the Option A, E, F, G, H is correct.
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The accounting firm of johnson and johnson has decided to design a nonstatistical sample to examine the accounts receivable balance of francisco fragrances, inc. , at october 31. as of october 31, there were 1,500 accounts receivable accounts with a balance of $5. 5 million. the accounts receivable population can be segregated into the following strata:
number and size
of accounts
book value
of stratum
10 accounts >
$ 50,000
$ 750,000
440 accounts >
$ 5,000
3,000,000
1,050 accounts <
$ 5,000
1,750,000
jonathan l. gren, senior-in-charge of the audit, has made the following decisions:_______.
1. based on the results of the tests of controls and risk assessment procedures, a low assessment is made for the risk of material misstatement. 2. the desired confidence level is moderate. 3. the tolerable misstatement allocated to accounts receivable is $155,000, and the expected misstatement is $55,000. 4. all the balances greater than $50,000 will be auditedrequired-using the nonstatistical sampling formula included in the textbook, compute the suggested sample size for this test using table 9-5. gren confirmed the accounts receivable accounts selected and noted the following results (round your answer to the nearest dollar amount. omit the "$" sign in your response. ):stratumbook value of stratumbook value of sampleaudit value of sampleamount of overstatement>$
50,000$ 750,000$ 750,000$ 746,500$ 3,500>$5,0003,000,000910,000894,75015,250>$5,0001,750,00070,00068,4501,550using ratio projection, what is the total projected misstatement? what conclusion should gren make concerning the accounts receivable balance?
The total projected misstatement of the firm is $92225 and it can be concluded that projected misstatement is more than the expected misstatement.
How to calculate the projected misstatement?The total projected misstatement will be calculated thus:
= $3500 + ($15250/$910000 × 3000000) + (1550/70000 × 1750000
= $3500 + $50275 + $38750
= $92225
The projected misstatement is more than the expected misstatement. Therefore, there is an unacceptable risk that the true misstatement is more than the tolerable misstatement.
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If the money supply grows at 6% and the inflation rate is 2%, the quantity theory predicts that the change in real GDP will be
Answer:
I believe the answer is 4%
Explanation:
Between 1950 and 2015 the percentage of women in the work force has______.
A. remained more or less constant
B. decreased by a noticeable margin
C. surpassed the percentage of men
D. increased by a significant margin
Answer:
A.
increased by a significant margin is correct
Explanation:
The proportion of women in the labor force has significantly increased between 1950 and 2015. As a result, option (D) is the appropriate response.
What do you know about the women participation in workforce?Since the industrial revolution, women's engagement in the labor force outside the home has grown in industrialized countries, with a particularly significant increase noted in the 20th century.
Women made up 34% of the general labor force in 1950. In 1960, the rate increased to 38%, then to 43% in 1970, 52% in 1980, 58% in 1990, and 60% in 2000.
In the labor force in 1950, women made up around one third of the population. By 1998, almost three out of every five working-age women were employed. In 1950, 33.9 percent of women over the age of 16 were in the work force; by 1998, that number had increased to 59.8 percent.
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