Answer:
Pipers Plumbing
a. Adjusted Trial Balance:
Cash $46,000
Accounts Receivable 21,000
Supplies 1,000
Equipment 26,000
Accumulated Depreciation $12,000
Accounts Payable 4,000
Utilities Payable 7,000
Deferred Revenue 2,000
Service Revenue 81,000
Common Stock 28,000
Retained Earnings 9,000
Salaries Expense 32,000
Dividends 2,000
Depreciation Expense 6,000
Supplies Expense 2,000
Utilities Expense 7,000
Totals $143,000 $143,000
Income Statement
For the year ended December 31, 2021
Service Revenue $81,000
Salaries Expense 32,000
Depreciation Expense 6,000
Supplies Expense 2,000
Utilities Expense 7,000 47,000
Net Income $34,000
Retained Earnings 9,000
Dividends 2,000
Retained Earnings, Dec. 31, 2021 $41,000
Explanation:
a) Data and Calculations:
Account balances:
Accounts Debits Credits
Cash $ 4,000
Accounts Receivable 9,000
Supplies 3,000
Equipment 26,000
Accumulated Depreciation $ 6,000
Accounts Payable 4,000
Utilities Payable 5,000
Deferred Revenue 0
Common Stock 18,000
Retained Earnings 9,000
Totals $ 42,000 $ 42,000
T-accounts:
Cash
Date Accounts Debits Credits
Jan. 1 Balance $ 4,000
Jan. 24 Service Revenue 15,000
Mar. 13 Accts Receivable 48,000
May 6 Common Stock 10,000
June 30 Salaries $32,000
Sept. 15 Utilities 5,000
Nov. 24 Deferred Revenue 8,000
Dec. 30 Dividends 2,000
Dec. 31 Balance $46,000
Accounts Receivable
Date Accounts Debits Credits
Jan. 1 Balance $ 9,000
Jan. 24 Service Revenue 60,000
Mar. 13 Cash Account $48,000
Dec. 31 Balance $21,000
Supplies
Date Accounts Debits Credits
Jan. 1 Balance $ 3,000
Dec. 31 Supplies Expense $2,000
Dec. 31 Balance $1,000
Equipment
Date Accounts Debits Credits
Jan. 1 Balance $ 26,000
Accumulated Depreciation
Date Accounts Debits Credits
Jan. 1 Balance $ 6,000
Dec. 31 Depreciation 6,000
Dec. 31 Balance $12,000
Accounts Payable
Date Accounts Debits Credits
Jan. 1 Balance $ 4,000
Utilities Payable
Date Accounts Debits Credits
Jan. 1 Balance $ 5,000
Sept. 15 Cash $5,000
Dec. 31 Utilities Expense 7,000
Dec. 31 Balance $7,000
Deferred Revenue
Date Accounts Debits Credits
Jan. 1 Balance $ 0
Nov. 24 Cash 8,000
Dec. 31 Service Revenue $6,000
Dec. 31 Balance 2,000
Service Revenue
Date Accounts Debits Credits
Jan. 24 Cash Account $15,000
Jan. 24 Accounts Receivable 60,000
Dec. 31 Deferred Revenue 6,000
Dec. 31 Income Statement $81,000
Common Stock
Date Accounts Debits Credits
Jan. 1 Balance $ 18,000
May 6 Cash 10,000
Dec. 31 Balance $28,000
Retained Earnings
Date Accounts Debits Credits
Jan. 1 Balance $ 9,000
Salaries Expense
Date Accounts Debits Credits
June 30 Cash $32,000
Dividends
Date Accounts Debits Credits
Dec. 30 Cash $2,000
Depreciation Expense
Date Accounts Debits Credits
Dec 31 Acc Depreciation $6,000
Supplies Expense
Date Accounts Debits Credits
Dec 31 Supplies $2,000
Utilities Expense
Date Accounts Debits Credits
Dec 31 Utilities Payable $7,000
If the quantity demanded of sunglasses decreases by 2% when average incomes fall by 10%, then we know that sunglasses are a) an inferior good. b) a normal good. c) a Giffen good. d) perfectly elastic.
There are different kinds of goods. If the quantity demanded of sunglasses decreases, it shows it is a normal goods.
What is income Elasticity Of Demand?Note that all good or service has a particular Income Elasticity Of Demand that can often change over time. The Income Elasticity Of Demand is known to be how sensitive the quantity demanded for a specific good is due to the changes in income levels.
A normal good is known to be a good that undergo an increase in its demand as a result f an increase in consumers' income. Examples are; clothing, household appliances, etc.
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How many pieces of candy?
Based on the given information, The number of candies Bev has left is 12.
In the question it is given:
No. of candy Bev has= 24
She gave 1 /3 of the candy to Jamie.
No. of candy Jamie received = 1 /3 of the total candy
= 1 /3 of 24
=1 / 3 × 24=8 candy
No. of candy she holds = total no. of candy - no of candy she gave to Jamie
=24 - 8
=16
No. of candy Selena got = 1 /4 of the remaining candy
= 1 /4 of 16
= 1 /4 ×16
= 4
Total No. of candy left = total candy - (candy Jamie got +candy Selena got)
= 24 - ( 8 + 4)
= 24 - 12
= 12
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The complete question is probably
Bev had 24 pieces of candy. She gave Jamie 1/3.
From the candy pieces remaining she then gave Selena
¼. How many pieces of candy does she have left?
Discuss how SOX affects the operations of an ERP system.
The security requirement of SOX is twofold: (1) get entry to confidential monetary facts needs to be restrained to handiest a select few authorized individuals inside the device and (2) monetary records should best be brought or edited through those legal persons to make sure that the statistics are valid.
In step with White, SOX forced public companies to address war-of-interest troubles inside the hiring of auditors by empowering audit committees to supervise the control of those auditors who had been introduced on operations.
The act implemented new guidelines for groups, inclusive of placing new auditor requirements to reduce conflicts of interest and transferring duty for the complete and correct dealing with economic reports.
To discourage fraud and misappropriation of corporate property, the act imposes harsher penalties for violators.
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Fine-Cut Meats (Pty) Ltd purchased a delivery vehicle of R150 000 on 1 June 2021 on credit. The
owner was advised that the residual value of this truck is estimated at R30 000. The diminishing
depreciation method was adopted by the company in utilising assets over five years.
On 1 September 2021 the owner replaced equipment. The new equipment amounts to R45 000.
The replaced equipment was purchased on 1 January 2018 for R30 000 and sold for R5 000. The
company uses the straight-line depreciation method over a period of four years to report on
equipment.
Required:
Disclose the property, plant and equipment note in the financial statements of Fine-Cut Meats
(Pty) Ltd the year ended 31 December 2021 (25)
Total Liabilities & Shareholder's Equity 11280,00
How to represent the Income Statement?
Income Statement
Sales 4100,00
Less: Cost of Goods sold -1500,00
Gross Profit 2600,00
Less: Operating Expenses -980,00
Net Income 1620,00
Financial Statement
Assets
Current Assets:
Trade Debtors 640,00
Cash and Bank 3100,00
Prepaid Expenses 45,00
Total Current Assets 3785,00
Non Current Assets:
Plant & Machinery (5300,00 - 150,00) 5150,00
Motor Vehicles (1900,00-70,00) 1830,00
Office Furniture (550,00-35,00) 515,00
Total Non Current Assets 7495,00
Total Assets 11280,00
Liabilities & Shareholder's Equity
Current Liabilities:
Trade Creditors 1590,00
Total Current Liabilities 1590,00
Shareholder's Equity
Ordinary Shares 1200,00
Preference Shares 800,00
Retained Earnings (6070,00+1620,00) 7690,00
Total Shareholder's Rquity 9690,00
Total Liabilities & Shareholder's Equity 11280,00
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what are voluntary and organized associations of people that attempt to influence public policy and policymakers on a particular issue?
Interest group is a voluntary and organized associations of people that attempt to influence public policy and policymakers on a particular issue.
What do you mean by Policy?A policy is an official decision made by a group of people, a commercial organization, the government, or a political party about a certain course of action.
Interest groups, also known as special interest groups, advocacy groups, or pressure groups, are associations of people or organizations that are typically formally constituted and that aim to sway public policy in their favor based on one or more shared concerns.
Nongovernmental Organization (NGO), a voluntary association of people or groups founded to offer services or promote public policies but often not connected to any government. While some NGOs are for-profit businesses, by far the bulk are nonprofit institutions.
Therefore, Voluntary and organized associations of people that attempt to influence public policy and policymakers on a particular issue are interest groups.
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If you were to ask Rosely and her father what the main problem was in running their firm, their answer would be quick and short: hiring good people. Originally begun as a string of coin-operated laundromats requiring virtually no skilled help, the chain grew to six stores, each heavily dependent on skilled managers, cleaner/ spotters, and pressers. Employees generally have no more than a high school education, and the market for them is very competitive. Over a typical weekend, literally dozens of want ads for experienced pressers or cleaner/spotters can be found in area newspapers. All these people usually are paid around $15 per hour, and they change jobs frequently.
Rosely and her father thus face the continuing task of recruiting and hiring qualified workers out of a pool of individuals they feel are almost nomadic in their propensity to move from area to area and job to job. Turnover in their stores (as in the stores of many of their competitors) often approaches 400%. “Don’t talk to me about human resources planning and trend analysis,” says Rosely. “We’re fighting an economic war, and I’m happy just to be able to round up enough live applicants to be able to keep my trenches fully manned.”
2. Provide a detailed list of recommendations concerning how they should go about increasing their pool of acceptable job applicants so they no longer face the need to hire almost anyone who walks in the door.
1. How would you recommend they go about reducing the turnover in their stores?
To reduce turnover in their stores, Rosely and her father can consider implementing to offer competitive wages and improving working conditions.
Offering competitive wages and benefits would provide the competitive market for skilled workers, they should consider offering higher wages and benefits to attract and retain employees. And improving working conditions, they make the work environment more pleasant and comfortable for employees. This can include providing appropriate tools and equipment, improving the lighting and ventilation, and ensuring that the workstations are ergonomically designed.
To increase their pool of acceptable job applicants, Rosely and her father can consider implementing to offer referral bonuses and advertising job openings on social media. By offering referral bonuses, they can offer current employees a bonus for referring qualified candidates for open positions and through advertising job openings on social media they can create a broad network. Social media platforms like LinkedIn and more can be effective ways to reach potential job applicants.
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Which of these term is often used to reflect ways in which organizations show appreciation
for diversity among job applicants, employees, and customers?
Answer:
valuing diversity
Explanation:
this is the most common term
One of the most strategies in developing a strong sense of personal responsibility is to what
Answer:
Take responsibility for your thoughts, feelings, words, and actions.
Explanation:
There are various strategies to take in developing a strong sense of personal responsibility, one of the topmost strategies is to "Take responsibility for your thoughts, feelings, words, and actions."
This will surely help in determining how to react to situations, without being pushed by others or blame others for the outcome.
Also, it will not affect your perception and duty to yourself. But rather spur you to do what you believe in and what will benefit you.
Special education is defined as specialized_______
Special education is defined as specialized "instruction and support designed to meet the unique needs of students with disabilities."
It encompasses a range of educational services, strategies, and interventions tailored to address the diverse learning requirements of individuals with disabilities.
The goal of special education is to ensure that students with disabilities have equal access to educational opportunities and are provided with the necessary tools and accommodations to achieve academic success and personal development.
Special education encompasses various components, such as individualized education plans (IEPs), which outline specific goals and accommodations for each student. It involves the provision of specially trained teachers and support staff who are knowledgeable about the specific needs and challenges of students with disabilities.
It also involves the use of specialized instructional techniques, assistive technologies, and adaptive materials to enhance learning and promote inclusion.
In addition to academic instruction, special education may also address social-emotional development, behavioral management, and independent living skills, depending on the unique needs of the student.
Collaboration among educators, parents, and related service providers is essential to ensure the provision of a comprehensive and individualized special education program that empowers students with disabilities to reach their full potential.
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which of the following statements about dividends is not accurate? dividends are generally reported quarterly as a dollar amount per share. low dividends may mean high stock returns. the board of directors is obligated to declare dividends. payment of dividends from legal capital is illegal in many states.
The statement about dividends that is not accurate is that the board of directors is obligated to declare dividends. So option c. is correct.
A dividend is the distribution of corporate earnings to eligible shareholders. Dividend payments and amounts are determined by a company's board of directors. The dividend yield is the dividend per share and is expressed as a percentage of a company's share price. Many companies do not pay dividends and instead retain earnings to be invested back into the company. Dividends must be approved by the shareholders by voting rights. Although cash dividends are common, dividends can also be issued as shares of stock.
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After graduating from college, Joseph Tantillo decided to start a retail Web site that specializes in personalized Greek apparel. To fund his Web site, he borrowed money from his parents (who expect to be repaid with interest). In other words, he used _____ financing.
Answer:
Debt financing
Explanation:
Debt financing is defined as borrowing that a company undertakes to finance it's operations by selling of debt instruments to investors.
The debt instrument attracts interest payment.
Examples of debt financing includes bank loans, loans from friends and family, and government backed loans.
In the given scenario Joseph Tantillo decided to borrow money from his parents to start a retail Web site that specializes in personalized Greek apparel. This is debt financing
In contrast equity financing involves sale of shares to obtain capital
3. Which of the following is NOT something you need to find out about in career planning?
a. the age of workers in an occupation
b. wages paid
c. education and training required
d. duties performed
Answer:
D
Explanation:
where should you take the temperature of shredded pork in a hot-holding pan?
Place the pork shoulder fat side up on the top rack, cover with the lid, and cook at 225°F to 250°F for a consistent time, using the vents to control the temperature.
Although smoking a whole hog shoulder for pulled pork may appear scary, it is the simplest of the BBQ Big Three (brisket, ribs, and pulled pork) to master and is a fantastic method to refine your smoking abilities.
You'll need to get a digital barbecue thermometer if your grill doesn't include a temperature indicator. Every hour, check the grill's internal temperature. To keep the temperature and smoke consistent, add more charcoal and wet wood chips as needed.
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Kumar Inc. uses a perpetual inventory system. At January 1, 2020, inventory was $214,000,000 at both cost and realizable value. At December 31, 2020, the inventory was $286,000,000 at cost and $265,000,000 at realizable value. Prepare the necessary December 31 entry under (a) the cost-of-goods-sold method (b) Loss method. g
Answer:
A. Dr Cost of Goods Sold $21,000,000
Cr Allowance to Reduce Inventory to Market $21,000,000
B. Dr Loss Due to Market Decline of Inventory $21,000,000
Cr Allowance to Reduce Inventory to Market $21,000,000
Explanation:
A.Preparation of the necessary December 31 entry under the cost-of-goods-sold method
COST-OF-GOODS-SOLD METHOD
Dr Cost of Goods Sold $21,000,000
Cr Allowance to Reduce Inventory to Market $21,000,000
($286,000,000 - $265,000,000)
B.Preparation of the necessary December 31 entry under the Loss method
LOSS METHOD
Dr Loss Due to Market Decline of Inventory $21,000,000
Cr Allowance to Reduce Inventory to Market $21,000,000
($286,000,000 - $265,000,000)
When is the advisable time to start building or adding to your own professional network?
Question 5 options:
a)
Upon graduation
b)
When you need a job
c)
Whenever you have time
d)
Right now
Answer:
A. Upon Graduation
What can be protected by a patent?
A. The right to have exclusive use of real property
B. The right to use a specific and unique creative production
C. The night to use unique and innovative ideas
D. The right to use any type of intellectual property
Answer:
C.
Explanation:
You can patent an Idea so that no one else can use it.
Hope this helps :)
………..hahsidnkakdnena
Answer -
the answer is yes :)
what is the capitalism
Answer:
Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. Central characteristics of capitalism include capital accumulation, competitive markets, a price system, private property and the recognition of property rights, voluntary exchange and wage labor.
Explanation:
Just a cheerful teen willing to help...
The information of manufacturing cost of product A and products B in
THANH company in 200N as follows:
Production cost per unit (S)
Product A
Materials 200
Wages 100
Fixed overhead 350
Variable overhead 150
Profit 200
Selling price 1000
Output per week 200
Product B
Materials 150
Wages 200
Fixed overhead 100
Variable overhead 200
Profit 350
Selling price 1000
Output per week 100
Required:
Comments on the relative profitability of product A and products B in THANH company in 200N
Manufacturing cost of both product A and product B have a profit margin of $0 per unit.
To assess the relative profitability of product A and product B in the THANH company in 200N, we need to compare their profit margins. Profit margin is calculated by subtracting the production cost per unit from the selling price per unit.
Let's calculate the profit margins for both products:
Product A:
Selling price per unit: $1000
Production cost per unit: $200 (Materials) + $100 (Wages) + $350 (Fixed overhead) + $150 (Variable overhead) + $200 (Profit) = $1000
Profit margin per unit = Selling price per unit - Production cost per unit = $1000 - $1000 = $0
Product B:
Selling price per unit: $1000
Production cost per unit: $150 (Materials) + $200 (Wages) + $100 (Fixed overhead) + $200 (Variable overhead) + $350 (Profit) = $1000
Profit margin per unit = Selling price per unit - Production cost per unit = $1000 - $1000 = $0
From the calculations, both product A and product B have a profit margin of $0 per unit.
Based solely on the profit margins, it appears that neither product A nor product B is profitable for the THANH company in 200N. However, it's important to note that this analysis only considers the production cost per unit and does not take into account other factors such as demand, market conditions, or overall company profitability.
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Outline and describe the different forms of Communication and further explain how they are important in an organization. Provide practical example to support your discussion.
La comunicación desempeña un papel fundamental en el funcionamiento de una organización, ya que permite la transmisión de información, ideas, instrucciones y retroalimentación entre los miembros del equipo. Existen varias formas de comunicación que se utilizan en un entorno organizacional. A continuación, describiré algunas de las formas más comunes:
Comunicación verbal: Es el uso de palabras habladas para transmitir información. Puede ser en forma de reuniones, conversaciones cara a cara, llamadas telefónicas o videoconferencias. La comunicación verbal es rápida y permite una interacción directa entre las personas, lo que facilita la clarificación de dudas y la resolución de problemas en tiempo real. Por ejemplo, durante una reunión de equipo, los miembros pueden discutir ideas, compartir actualizaciones y tomar decisiones conjuntas.
Comunicación escrita: Implica el uso de palabras escritas para transmitir información. Esto incluye correos electrónicos, mensajes de texto, informes, memorandos y documentos formales. La comunicación escrita es útil cuando se requiere un registro permanente de la información y proporciona la oportunidad de revisar y editar antes de enviar el mensaje. Por ejemplo, un gerente puede enviar un correo electrónico detallando las metas y objetivos del proyecto a su equipo para asegurarse de que todos estén al tanto de las expectativas.
Comunicación no verbal: Se refiere a la transmisión de información sin el uso de palabras. Incluye gestos, expresiones faciales, lenguaje corporal y tono de voz. A menudo, la comunicación no verbal puede transmitir emociones y actitudes que pueden complementar o contradecir el mensaje verbal. Por ejemplo, durante una presentación, el lenguaje corporal de un orador puede transmitir confianza y entusiasmo, lo que refuerza su mensaje.
Comunicación formal: Se lleva a cabo a través de canales oficiales y estructurados dentro de la organización. Esto incluye comunicaciones descendentes, como anuncios y políticas de la gerencia hacia los empleados, así como comunicaciones ascendentes, como informes de estado y retroalimentación de los empleados hacia los superiores. La comunicación formal es importante para establecer líneas claras de autoridad y responsabilidad, así como para garantizar la coherencia en la información transmitida.
Comunicación informal: Se produce a través de interacciones sociales no estructuradas entre los miembros de la organización. Esto puede incluir conversaciones informales en el lugar de trabajo, interacciones en las pausas para el café o discusiones en grupos de chat en línea. La comunicación informal es valiosa para fomentar la camaradería, construir relaciones y facilitar el intercambio de ideas no convencionales. Por ejemplo, en un entorno de trabajo abierto, los empleados pueden compartir ideas innovadoras durante una conversación informal en la sala de descanso.
La importancia de estas formas de comunicación en una organización radica en que permiten la colaboración efectiva, la toma de decisiones informada, la resolución de problemas, la coordinación de tareas y la creación de un ambiente de trabajo positivo. Una comunicación clara y efectiva evita malentendidos, reduce los errores, mejora la productividad y fortalece la cohesión del equipo.
Un ejemplo práctico podría ser una empresa de desarrollo de software. En este caso, la comunicación verbal sería esencial para que los miembros del equipo discutan los requisitos del proyecto, compartan actualizaciones diarias y resuelvan problemas en las reuniones diarias de puesta al día (stand-up meetings). La comunicación escrita sería crucial para documentar los requisitos, especificaciones técnicas y cronogramas del proyecto, así como para enviar correos electrónicos y mensajes de chat con actualizaciones y solicitudes de retroalimentación. La comunicación no verbal también tendría un papel importante, ya que el lenguaje corporal y las expresiones faciales en las reuniones ayudarían a transmitir confianza y apoyo entre los miembros del equipo. En cuanto a la comunicación formal, se utilizarían informes de estado y presentaciones formales para mantener a la alta dirección informada sobre el progreso del proyecto. Por último, la comunicación informal se daría en momentos de descanso, donde los empleados podrían discutir ideas, plantear desafíos y fomentar la creatividad en un ambiente más relajado
Answer:
There are several different forms of communication that are important in an organization. These include:
1. Verbal communication: This is the use of spoken words to convey a message. Verbal communication is important in an organization because it allows employees to communicate with each other and with customers. For example, a salesperson might use verbal communication to explain the features of a product to a customer. Another example is a team meeting where employees discuss project updates and share ideas.
2. Nonverbal communication: This is the use of body language, gestures, and facial expressions to convey a message. Nonverbal communication is important in an organization because it can convey emotions, attitudes, and intentions. For example, a manager might use nonverbal communication to show approval or disapproval of an employee's performance. Another example is a job interview where the interviewer might use nonverbal communication to assess the candidate's confidence and professionalism.
3. Written communication: This is the use of written words to convey a message. Written communication is important in an organization because it provides a permanent record of communication. For example, an email can be used to communicate project updates, deadlines, and other important information. Another example is a report that summarizes the results of a project.
4. Visual communication: This is the use of images, graphs, and other visual aids to convey a message. Visual communication is important in an organization because it can help to simplify complex information and make it easier to understand. For example, a chart can be used to show sales trends over time. Another example is a video that demonstrates how to use a product.
All of these forms of communication are important in an organization because they allow employees to share information, ideas, and feedback. Effective communication can also help to build trust and relationships between employees, customers, and partners. For example, if a customer has a positive experience with a salesperson, they are more likely to return to the organization in the future.
A practical example of the importance of communication in an organization is a team project. Effective communication is essential for the success of the project. Team members need to be able to communicate their ideas, concerns, and progress to each other in order to stay on track and meet deadlines. This might involve verbal communication in team meetings, written communication in project reports, and visual communication in presentations. Without effective communication, the project is likely to fail.
Question 11 of 20
Tim, a high school junior, has started his first job working as a lifeguard over
the summer. He plans to save the money he earns to help pay for living
expenses when he's in college. What type account should Tim set up?
A. A saving account
B. A certificate of deposit account
C. A money market account
OD. A checking account
The type of account that Tim should set up would be A. A savings account.
Why is this the best account ?Individuals seeking to save their finances over a certain period and earn interest on them may opt for the savings account type. These savings accounts often feature lower interest rates, yet compensate through easy availability of funds and absence or minimal fees.
In Tim's case, his objective to save up for college expenses could be easily achieved with such an account thanks to its potential to earn returns while also allowing him quick access to his money without excessive charges.
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Blue Corporation is a manufacturing company which has decided to introduce a new line of merchandise on January 25, 2019. The company has experienced significant revenue and earnings growth in recent years and anticipates future growth to decline slightly, yet remain consistent with the strong industry average (10-15% annual revenue growth). Blue has incurred certain patent costs and considerable attorney fees, in addition to survey costs, management studies, salaries, insurance, and quality inspections.
Given the three alternative methods for handling research and experimental expenditures, which method(s) would be most appropriate for Blue Corporation? Explain Why? How should Blue Corporation’s manufacturing expenditures be reported?
Answer:
Throughout the clarification category following the table, the definition of the concern is listed.
Explanation:
(1)
Quantitative surveys will now be the safest approach.
Questionnaire fees including patent fees become traceable as research spending, and progress is in estimates. This approach is used where a numerical production that helps to address analysis questions needs to be established. If one wants a concrete statistic to justify the study, it is a very effective market research tool.(2)
The cost incurred shall be recorded in compliance with IND AS 38 if because when the study, as well as surveys, are performed.
Consumer Protection Acts on Marketing Functions
Answer:
Marketing must not be misleading or deceptive, for example, suppliers must not: give untrue characteristics about themselves, or their goods or services; or. ... A supplier must advertise goods or services only if they are available and can be supplied.
Joshua borrowed $1,000 for one year and paid $100 in interest the bank charged him a service charge of $10 what is the finance charge on this loan
Answer:
1000-100-10 = 890 dollars left
He needs 110 dollars to pay the money he borrowed back.
Explanation:
hope this helps
$890 is the finance charge on this loan. As Joshua borrowed $1,000 for one year and paid $100 in interest the bank charged him a service charge of $10.
What is meant by finance charge?The financing charge is the cost of consumer credit stated in monetary terms. It covers any charges made by the lender as a condition or event of extending credit that are paid directly or indirectly by the client.
A finance charge is the total cost of borrowing money, including interest and other costs. It could be a percentage of the loan balance or a fixed charge imposed by the company. Credit card companies use a variety of formulas to compute finance charges.
The most common type of finance charge is the interest you accrue on the balance of your credit card each month if you don't pay it off in full.
Thus, it is $890.
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Suppose that when the price of gasoline is $3.50 per gallon, the total amount of gasoline purchased in the United States is 6 million barrels per day. Also, suppose that when the price of gas decreases to $3 per gallon, the total amount of gasoline purchased is 8 million barrels per day. Based on these numbers and using the midpoint formula, the price elasticity of demand for gasoline is:
By definition, the price elasticity of demand for gasoline is -2.33.
Price elasticity of demandThe price elasticity of demand is a measure used to show the responsiveness, or elasticity, of the quantity demanded of a good or service to changes in the price of that good or service.
That is, the price elasticity of demand indicates to what extent changes in price alter the demand for specific products or services.
The price elasticity of demand is calculated by dividing the percentage change in demand by the percentage change in price, resulting in the following expression:
\(Elasticity=\frac{percentage change in quantity demanded}{percentage change in price}\)
\(Elasticity=\frac{\frac{deltaQ}{Q} }{\frac{deltaP}{P} }\)
where:
deltaQ means the absolute change in quantities demanded.Q represents quantity.deltaP represents the absolute change in price.P represents the price.Price elasticity of demand for gasolineKnowing that:
When the price of gasoline is $3.50 per gallon, the total amount of gasoline purchased in the United States is 6 million barrels per day. When the price of gas decreases to $3 per gallon, the total amount of gasoline purchased is 8 million barrels per day.First, the percentage change in quantities is calculated as follows:
The absolute change in quantities deltaQ is obtained by first subtracting the final demand from the initial demand, that is (8 million – 6 million = 2 million)Now dividing this value by the initial demand, you obtain 2 million÷6 million=0.333, which, taken to a percentage value, finally shows that the percentage change in quantity demanded is 0.333×100%= 33.3%.Now the percentage change in price is determined as follows:
The absolute change in the deltaP price is obtained by subtracting the final price from the initial price, that is (3 – 3.5= -0.5).Now dividing this value by the initial price -0.5/3.5, we obtain -0.143, which, taken as a percentage value, shows that the percentage variation in the price is -0.143x100%= -14.3%.Finally, the price elasticity of demand is calculated as:
\(Elasticity=\frac{33.3}{-14.3}\)
Solving:
Elasticity= -2.33
In summary, the price elasticity of demand for gasoline is -2.33.
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The __________ strategy involves deciding what goods and services the firm should offer to a group of consumers and also making decisions about customer service, brand name, packaging, labeling, product life cycles and new product development.
Answer:
a. trate
Explanation:
some trate is so much good then trote so yeah
Evaluate the impact that the Total quality management elements have on woolworths, as a large company and provide practical examples to support your findings
The elements of total quality management in a large company like Woolworths is the creation of value in the micro and macro environment.
How does total quality management impact the business?Total quality management is a method that assists in the continuous improvement of processes, through a strategy of monitoring, controlling and reviewing processes to reduce bottlenecks and maximize quality.
Therefore, in a supermarket chain like Woolworths, total quality management can increase employee and consumer satisfaction, increasing the company's positioning and competitive advantage.
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Why is it difficult to change real capital
Answer:
I don't know
Explanation:
can you help me with my question Enter the coordinates of the point on the unit circle at the given angle. 270° ([?], [ ] Enter
Real capital is defined as tangible resources, such as land, that are used in the creation of goods or services. Since the majority of them are fixed, it is exceedingly challenging to grow to their sizes.
What is economics?The term Economics is the study of scarcity and its inferences for the use of resources, manufacture of goods and services, growth of production and welfare over time, and a great diverseness of other complex issues of vital concern to society.
Economic skillfulness is important because it grants businesses to reduce their costs and change their output. For consumers, economic efficiency leads to lower prices for goods and services
Real capital, often known as real capital (economics) Non-financial capital, such as equipment for manufacturers, sewing machines for tailors, or shovels for gravediggers.
Therefore, By the difficulty, To change the real capital the physical tools that aid in the production of goods or services be there.
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Name 4 main parts of a business plan.
Which of the following influences what you choose to wear
Your activities
All of the Above
Basic needs
Your personal preferences
Answer:
all of the above dnnxndncnvhhdbdbdbd