Cullumber Company has the following balances in selected accounts on December 31, 2022. $0 0 7,000 Accounts Receivable Accumulated Depreciation-Equipment Equipment Interest Payable Notes Payable Prepaid Insurance 0 11,000 3,240 Salaries and Wages Payable 0 Supplies 2,500 Unearned Service Revenue 28,000 All the accounts have normal balances. The information below has been gathered at December 31, 2022. Interest will be paid when the note is repaid 1. 2. 3. 4. Cullumber Company borrowed $10,800 by signing a 9%, one-year note on September 1, 2022. A count of supplies on December 31, 2022, indicates that supplies of $980 are on hand. Depreciation on the equipment for 2022 is $1.600. Cullumber paid $3,240 for 12 months of insurance coverage on June 1.2022 On December 1, 2022, Cullumber collected $28,000 for consulting services to be performed evenly from December 1, 2022. through March 31, 2023 Cullumber performed consulting services for a client in December 2022. The client will be billed $3,600. Cullumber pays its employees total salaries of $5,400 every Monday for the preceding 5-day week (Monday through Friday) On Monday, December 29, employees were paid for the week ending December 26. All employees worked the last 3 days of 5. 6. 7 2022 No. Account Titles and Explanation Debit Credit 1 2. 3 4 6. 7 e Textbook and Media
Answers
Cullumber Company has the following balances in selected accounts on December 31, 2022. $0 0 7,000 Accounts Receivable Accumulated Depreciation-Equipment Equipment Interest Payable Notes Payable Prepaid Insurance 0 11,000 3,240 Salaries and Wages Payable 0 Supplies 2,500 Unearned Service Revenue 28,000. Interest will be paid when the note is repaid.
Cullumber Company is a business with a lot of moving pieces and transactions. The following balances are available on December 31, 2022:Accounts Receivable: $0Accumulated Depreciation-Equipment: $0Equipment: $7,000Interest Payable: $0Notes Payable: $11,000Prepaid Insurance: $3,240Salaries and Wages Payable: $0Supplies: $2,500Unearned Service Revenue: $28,000Cullumber Company borrows $10,800 on September 1, 2022, through a one-year note at a rate of 9%. Interest will be paid upon repayment of the note.On December 31, 2022, a count of supplies indicates that there are $980 worth of supplies remaining. On December 1, 2022, Cullumber Company collected $28,000 for consulting services to be performed from December 1, 2022, to March 31, 2023. Consulting services were provided to a customer in December 2022, and the customer was billed $3,600. Cullumber Company pays its employees $5,400 in total salaries every Monday for the previous week. Employees were paid on December 29th for the week ending on December 26th. For the last three days of 2022, all employees worked. The depreciation on the equipment for 2022 is $1,600, and on June 1, 2022, Cullumber Company paid $3,240 for 12 months of insurance coverage.
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Related Questions
Scott, Mark, and Joe want to buy into a restaurant franchise. Joe is an accountant. Mark has previous restaurant experience as a server and manager. Scott is an attorney. In order to open this franchise, they must commit to opening 3-5 stores and are required to have $10 million in liquid assets (Cash is a highly liquid asset followed by the banking accounts, checkable account, short-term promissory notes, treasury bills and other government bonds. ) They currently do not have the required liquid assets. Which business organization will be the best for this situation and how will they solve their money problems?
Answers
Given their diverse backgrounds and lack of sufficient liquid assets, a limited liability partnership (LLP) would be the most suitable business organization for Scott, Mark, and Joe.
This type of partnership allows for individual liability protection while still allowing for shared profits and management responsibilities. To address their money problem, the group can explore various options. One option would be to seek out investors who are willing to contribute the necessary funds in exchange for a percentage of ownership and profits.
Another option would be to secure a loan from a financial institution or private lender. In order to increase their chances of approval, they can develop a comprehensive business plan that outlines their strategies for success and projected financial performance.
Additionally, Scott, Mark, and Joe could also consider alternative means of financing such as crowdfunding or seeking out grants or subsidies from government agencies or non-profit organizations. It may also be beneficial for them to seek guidance and advice from a financial advisor or business consultant to help them make informed decisions and develop a strong financial plan for their franchise venture.
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(1) State which marketing environment affected Xerox's operation. (1mks)
(b) From your answer above, discuss which specific area from that particular enviroment affected how Xerox conducted business. (5mks)
Answers
Answer a:
Clearly, Xerox had one major issue concerning its marketing environment.
Due to technological changes, i's primary market was shifting and changing. Xerox didn't see it. Perhaps they did and decided it (the changes that is) not
Explanation:
One keyword or practice or culture or capability that was missing in Xerox was adaptability. Had they envisaged the future and created some internal structure to gradually cater to the changing requirements of their client base, they'd probably still be in business today.
So in a way, it wasn't really the change in the market that affected Xerox. It was Xerox' inability to respond to such changes that did it in. At some point, it became apparent to investors that Xerox was incapable to move with the next tide. They withdrew their funds, sold their shares and the rest is history.
Answer b:
The major area that affected how Xerox conducted business is the technology enviriomment.
Explanation
Due to the availability of technology which made it possible, peoples mindset were beginning to shift from keeping hard copies and or duplicating them to keeping electronic copies.
Two things made this idea very attractive:
1. It reduced cost greatly. In every era, cost reduction has always been an attractive business proposition for companies in any sector or subsector. As firms discovered they could cut down by keeping electronic copies of their documents, the idea quickly caught on. And so did the profits made by the renowned copier decline.
2. Another factor strenghtened the decline in making and keeping hard copies of documents is the ideology that the more papers we made, the more we were damaging our environment.
Companies that quickly adjusted even used their paper reduction efforts as a unique selling marketing proposition.
Cheers
What dimension of organizational citizenship behavior refers to being punctual, having attendance better than the group norm, and judiciously following company rules, regulations, and procedures? civi
Answers
The answer to the question is the "Conscientiousness dimension" of organizational citizenship behavior.
Conscientiousness is one of the five dimensions of organizational citizenship behavior (OCB) that focuses on an individual's punctuality, attendance, and adherence to company rules, regulations, and procedures. Employees who exhibit conscientiousness in the workplace tend to be more responsible and reliable, which contributes to a positive work environment and overall organizational success.
This dimension refers to an employee's level of responsibility, dependability, and reliability in fulfilling job duties and adhering to company policies and guidelines. Being punctual, having better attendance than the group norm, and following company rules are all behaviors that fall under the conscientiousness dimension.
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Which technologies have made global communication instant and more effective? Choose three answers.
social media
wireless devices
smart phones
automobiles
printed newspapers
Answers
The technologies that made global communication instant and more effective were social media, wireless devices, and smart phones.
The speed of communication made possible by technological developments has increased the social and economic interaction between countries, making the development of globalization possible.
Through instant communication through means that use the internet, it is possible for people to communicate from anywhere in the world quickly and cheaply.
Therefore, the effects of new communication technologies made possible business in other countries and the formation of multicultural environments.
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Answer: a b c
Explanation:
just took the unit
Table 1 contains information about the number of new business start-ups in four cities in the UK in 2016.
Using the information in Table 1, calculate, to 2 decimal places, the number of new start-ups in Birmingham as a percentage of the number of new start-ups in London. You are advised to show your workings.
Answers
The number of start-ups in Birningham as a percentage of the start-ups in London is 8.51%.
What are percentages?
Percentage is a measure of frequency. It is the fraction of an amount that is usually expressed as a number out of hundred. The sign used to represent percentages is %.
The number of start-ups in Birningham as a percentage of the start-ups in London = (17473 / 205320) x 100 = 8.51%
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Which of these exemplifies product placement?
A.
An advertisement for an electronics company
B.
A movie with a character who uses an iPad
C.
A TV show in which characters use cell phones
D.
An advertisement featuring a popular celebrity
Answers
Answer:
B, a movie with a character who uses an iPad.
Explanation:
Product placement is an indirect type of advertisement in which a product isn't directly advertised. It is increasingly becoming a form of advertisement these days because of the ease with which it is done.
Product placement can also be said to be embedded marketing. That is, the showing or referencing of a product in an unconnected way to another work or thing, e.g. tv, film, etc.
As in the qustion, a movie character using an iPad is doing embedded marketing for the iPad thus attracting the audience to purchase the product.
Cheers.
Answer:
B, a movie with a character who uses an iPad.
Explanation:
British government 4% perpetuities pay £4 interest at the end of each year forever. Another bond, 2.5% perpetuities, pays £2.50 a year forever. a. What is the value of 4% perpetuities if the long-term interest rate is 6%? (Round your answer to 2 decimal places.) Perpetuity value b. What is the value of 2.5% perpetuities? (Round your answer to 2 decimal places.) Perpetuity value
Answers
(a) The value of the 4% perpetuities, when the long-term interest rate is 6%, is approximately £66.67.
(b) The value of the 2.5% perpetuities is approximately £41.67.
a. To calculate the value of the 4% perpetuities, we can use the formula for the present value of a perpetuity:
PV = PMT / r
PV = Present value
PMT = Annual payment
r = Interest rate
Annual payment (PMT) = £4
Interest rate (r) = 6% = 0.06
Plugging in the values, we can calculate the present value:
PV = £4 / 0.06
PV = £66.67
Therefore, the value of the 4% perpetuities, when the long-term interest rate is 6%, is approximately £66.67.
b. Using the same formula, we can calculate the value of the 2.5% perpetuities:
PV = £2.50 / 0.06
PV = £41.67
Therefore, the value of the 2.5% perpetuities is approximately £41.67.
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Choose a business and complete the following tasks:
How does your chosen business conduct market research? Explain your answer with supporting examples and link each one to a core purpose.
Answers
The first step to effective market research is to determine the goals of the study. Each study should seek to answer a clear, well-defined problem.
What is meant by "market"?A market is defined as the total number of purchasers and sellers in the region or area under examination. The region can represent the entire planet, as well as certain states, provinces, or cities. Items traded are valued, costed, and priced in accordance with market forces of supply and demand.
Why has trading been halted?There are a variety of causes for suspended trading, including: absence of up-to-date, accurate, or sufficient information about a corporation, as in the case of late filing of periodic reports. There are concerns over the veracity of publicly available material, especially the information in recently released news releases.
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Step 6 in the transformation process is Select one: a. strong entities transformation b. one-many relationship transformation c. many-many relationship transformation d. multi-valued attributes transf
Answers
Step 6 in the transformation process involves transforming many-many relationships into two one-many relationships using an associative entity.
In the transformation process, Step 6 involves the transformation of many-many relationships. Many-many relationships occur when multiple entities in one entity set are associated with multiple entities in another entity set.
To handle this type of relationship, a separate associative entity is created. This associative entity contains the primary keys of both participating entities as foreign keys, forming a bridge between them.
The many-many relationship is then transformed into two one-many relationships between the associative entity and the original entity sets. This transformation allows for proper representation and management of complex relationships in a relational database.
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The average mututal fund includes 90-200 companies.
O True
O False
Answers
Answer:
I think it will be false
National Business Machine Co. (NBM) has $5.3 million of extra cash after taxes have been paid. NBM has two choices to make use of this cash. One alternative is to invest the cash in financial assets. The resulting investment income will be paid out as a special dividend at the end of three years. In this case, the firm can invest in Treasury bills yielding 3.1 percent or a 5.5 percent preferred stock. IRS regulations allow the company to exclude from taxable income 50 percent of the dividends received from investing in another company’s stock. Another alternative is to pay out the cash now as dividends. This would allow the shareholders to invest on their own in Treasury bills with the same yield, or in preferred stock. The corporate tax rate is 23 percent. Assume the investor has a 28 percent personal income tax rate, which is applied to interest income and preferred stock dividends. The personal dividend tax rate is 10 percent on common stock dividends.
Suppose the company reinvests the $5.3 million and pays a dividend in three years.
What is the total aftertax cash flow to shareholders if the company invests in T-bills? (Do not round intermediate calculations and enter you answer in dollars, not millions, rounded to 2 decimal places, e.g., 1,234,567.89.)
What is the total aftertax cash flow to shareholders if the company invests in preferred stock? (Do not round intermediate calculations and enter you answer in dollars, not millions, rounded to 2 decimal places, e.g., 1,234,567.89.)
Suppose instead that the company pays a $5.3 million dividend now and the shareholder reinvests the dividend for three years.
What is the total aftertax cash flow to shareholders if the shareholder invests in T-bills? (Do not round intermediate calculations and enter you answer in dollars, not millions, rounded to 2 decimal places, e.g., 1,234,567.89.)
What is the total aftertax cash flow to shareholders if the shareholder invests in preferred stock? (Do not round intermediate calculations and enter you answer in dollars, not millions, rounded to 2 decimal places, e.g., 1,234,567.89.)
I submitted this question before below is the answers I was given
5,119,797.60 is correct
5,431,650.67 is not the correct answer
5,096,581.23 is the correct answer
5,430870.48 is not the correct answer
Answers
When the company invests in T-bills, the total aftertax cash flow to shareholders is $5,119,797.60; when investing in preferred stock, it is $5,096,581.23.
Let's calculate the correct aftertax cash flows to shareholders based on the given information.
When the company invests in T-bills:
Total aftertax cash flow to shareholders = Investment income * (1 - Corporate tax rate) * (1 - Personal income tax rate)
Total aftertax cash flow to shareholders = ($5.3 million * 3.1%) * (1 - 23%) * (1 - 28%)
Total aftertax cash flow to shareholders = $5,119,797.60
When the company invests in preferred stock:
Total aftertax cash flow to shareholders = Investment income * (1 - Corporate tax rate) * (1 - Personal dividend tax rate)
Total aftertax cash flow to shareholders = ($5.3 million * 5.5%) * (1 - 23%) * (1 - 10%)
Total aftertax cash flow to shareholders = $5,096,581.23
When the company pays a dividend now and the shareholder invests in T-bills:
Total aftertax cash flow to shareholders = Dividend * (1 - Personal income tax rate)
Total aftertax cash flow to shareholders = $5.3 million * (1 - 28%)
Total aftertax cash flow to shareholders = $3,816,000
When the company pays a dividend now and the shareholder invests in preferred stock:
Total aftertax cash flow to shareholders = Dividend * (1 - Personal dividend tax rate)
Total aftertax cash flow to shareholders = $5.3 million * (1 - 10%)
Total aftertax cash flow to shareholders = $4,770,000
Therefore, the correct answers are as follows:
Total aftertax cash flow to shareholders if the company invests in T-bills: $5,119,797.60
Total aftertax cash flow to shareholders if the company invests in preferred stock: $5,096,581.23
Total aftertax cash flow to shareholders if the shareholder invests in T-bills: $3,816,000
Total aftertax cash flow to shareholders if the shareholder invests in preferred stock: $4,770,000
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multiple answers
These statements are true regarding association with a headhunter or recruiter:
1)referring other hard workers is appreciated by headhunters and recruiters
2) headhunters and recruiters work for you
3) instead of burdening your headhunter or recruiter, you should save time and contact an employer directly
4) headhunters and recruiters work for the employer
Answers
Headhunters and the recruiters both of them work for the employer of the company.
Option fourth is the correct answer.
Who is an employer?An employer is an individual who controls and manages the affairs of a company.
During the recruitment process, the recruiters hired individuals who are new to employment, that is, the freshers. In contrast, the headhunters hire those employees who already have an experience in the concerned field.
Therefore, the employer of the company is associated with both the headhunters and the recruiters.
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influences of Business environment,
Answers
Factors that Influence the business environment are :
Economic environmentSocial environmentTechnological environmentPolitical environmentLegal environment
The business environment means the total of all the individuals, and institutions that could affect the working of the business firm.
Importance of business environment:
Business environments help the firm to prepare itself for every possible obstruction or hindrance that can affect the functioning of the firm.It also helps the firm to adjust to frequent changes.The economic environment is all the things that create an economic impact on the firm.
The social environment is all the traditions and customs of the society that creates an impact on the firm.
The technological environment is all the impact on the firm caused due to new technology and upgradations.
The political environment is the conditions and behavior that the elected representatives hold toward the business
The legal environment is entirely based on the rules and legislation of the authorities.
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Jack wanted a new pair of Nike sneakers that were in sale for 45% off of the original price of $65.
What was the new sale price of the shoes after the discount?
Answers
What are the advantages of setting up a
sole trader business?
Answers
Answer:
Advantages of sole trading include that:
you're the boss.
you keep all the profits.
start-up costs are low.
you have maximum privacy.
establishing and operating your business is simple.
it's easy to change your legal structure later if circumstances change you can easily wind up your business.
Explanation:
kasam se kal pura din college me yahi bakwas padha rahe the
suppose you deposit $2,500 today in a savings account at 3.5% interest compounded annually. assuming no withdrawal, how much would you have at the end of 10 years?
Answers
By assuming no withdrawal we get $3526.50 after 10 years.
We have:
N = 10
PV = 2500
R = 3.50%
We can use the following formula to compute FV:
FV = PV x (1+r)^n
= 2,500 x (1+0.035)^10
= 2,500 x 1.410598761
= $3526.50
A withdrawal includes getting rid of the budget from a financial institution account, monetary financial savings plan, pension, or consideration. In a few instances, situations need to be met to withdraw the budget without penalty, and a penalty for early withdrawal typically arises whilst a clause in a funding agreement is broken.
To withdraw cash from your account, you want to fill in a “Withdrawal slip”. Like a Deposit slip, a Withdrawal slip additionally asks for similar information – your call, account variety, the amount that your choice to withdraw, date, and so forth.
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What is the proper balance between dealing with negative externalities through government regulation or through torts?
Answers
Answer:
Government regulation is the best way to deal with negative externalities
Explanation:
An externality is the effect of the activities ( mostly economic ) of an individual on third parties whom are not direct participants in such activities ( mostly economic ) and this externalities can be either positive or negative .
A proper balance by which Government can deal with negative externalities is by increasing taxes on the production of goods and services that leave a trail of negative externalities on third parties. that way the cost of production of such goods and service will discourage its production
Which is a source of passive income? (1 point)
O working as a consultant
O owning luxury cars
teaching about personal finance
O owning dividend stocks
Answers
Answer:
owning dividend stock is answer
which of the following is true about goods and service? A. goods are physical while services are intangible. OR B. services are usually provided at a distance while goods are produced locally.
Answers
Answer:
B) Goods are provided at a distance while goods are produced locally
Explanation:
Think this: Are goods (things like foods, and toys) at your LOCAL grocery store?
Also think this: Services at provided at a distance, because their things not always local. (aka: doctors offices etc)
HOPE THIS HELPS! :)
Answer:Goods are physical while services are intangible.
Explanation:
Disadvantages of choosing a job that is extremely popular or in demand
Answers
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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Sunland Inc. is preparing its annual budgets for the year ending December 31, 2022. Accounting assistants furnish the data shown below Sales budget: Anticipated volume in units Unit selling price Production budget: Desired ending finished goods units Beginning finished goods units Direct materials budget: Direct materials per unit (pounds) Desired ending direct materials pounds Beginning direct materials pounds Cost per pound Direct labor budget: Direct labor time per unit Direct labor rate per hour Budgeted income statement: Total unit cost Product JB 50 480,000 $30 36,000 30,000 2 36,000 48,000 $3 0.4 $12 Product JB 60 240,000 $35 18.000 12,000 3 12,000 18,000 $4 0.6 $12 $13 $20 An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $672,000 for product JB 50 and $432,000 for product JB 60, and administrative expenses of $648,000 for product JB 50 and $408,000 for product JB 60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 20%. (a) Prepare the sales budget for the year. eTextbook and Media Save for Later JB 50 SUNLAND INC. Sales Budget JB 60 Total Attempts: 0 of 1 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above. (c) The parts of this question must be completed in order. This part will be available when you complete the part above
Answers
Sunland Inc. is preparing its annual budgets for the year ending December 31, 2022. Accounting assistants furnish the data shown below:
Sales budget:
Anticipated volume in units Unit selling price Production budget: Desired ending finished goods units Beginning finished goods units Direct materials budget: Direct materials per unit (pounds)Desired ending direct materials pounds Beginning direct materials pounds
\(60240,000$3518,00012,0003 12,00018,000$40.6$12$13$20\)
Given that: Selling expenses of 672,000 for product JB 50 and 432,000 for product JB 60.
Administrative expenses of 648,000 for product JB 50 and 408,000 for product JB 60.Interest expense is 150,000Income taxes are expected to be 20%.Calculation of sales budget for year 2022:Product JB 50JB 60TotalUnit Selling Price
3035
Anticipated Volume in Units
480,000240,000720,00
Total Sales
14,400,0008,400,00022,800,000
Therefore, the total sales for the year 2022 will be 22,800,000.
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the market/book (m/b) ratio tells us how much investors are willing to pay for a dollar of accounting book value. in general, investors regard companies with higher m/b ratios as less risky and/or more likely to enjoy higher growth in the future. a. true b. false
Answers
True, the market/book ratio (m/w) tells us how much investors are willing to pay for one dollar of accounting book value.
Market value ratio is a ratio that takes into account the stock price with profit or turnover, book value per share, to the company's cash flow. Market ratio analysis is also often used to measure stock market conditions for a certain period of time. With the value of this market ratio, later you can find out the mindset of investors on the company's performance.
So, basically the stock price has a big impact on the company's investment needs. However, you shouldn't just focus on this ratio. Because, in the market value ratio there are activity ratios, solvency ratios, and also other financial ratios that you can use as indicators of company performance.
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Barry also looks into the cost of repaying an easy access loan for $1,000. The up-front cost of the loan is $3 for every $20 borrowed, plus the original $1,000. How much will this loan cost barry in interest?.
Answers
If Barry additionally considers the price of repaying a $1,000 quick access loan. For every $20 borrowed, there is an upfront fee of $3 in addition to the first $1000, Barry must then repay $1150.
What does a loan cost?The equation is the name given to two or more expressions with an equal sign. We can construct an equation to assist in resolving this issue.
The amount he needs to repay is x.
x=1000+3(1000/20)
The number 1000/20 tells us how many times he borrowed $20.
x=1000+3(50)
x=1000+150
x=1150
Therefore, Barry must thus repay $1150.
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Nirav, Samantha, and Nev want to incorporate their small skateboard business. To do so, they must file legal documents with the appropriate state office. What are these legal documents called?
Answers
Based on the fact that the legal documents in question are to be used to incorporate the skateboard business, these are Articles of Incorporation.
What are Articles of Incorporation?When a company needs to be created and registered with the government, it will need to supply certain documents that lead to its creation.
These are the Articles of Incorporation which serve as proof that a company has been registered / incorporated in a certain state.
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why did some people encourage southerners to try a variety of crops and investments?
Answers
To diversify their economy and lessen their reliance on a single product, such as cotton, some people pushed southerners to experiment with a range of crops and investments.
The South relied primarily on cotton as a cash crop in the 19th century, which created a monoculture economy and left the area vulnerable to changes in the world cotton market. Degradation of the environment and soil depletion were further effects of cotton overproduction. Other people promoted agricultural diversification and funding for new businesses in manufacturing and mining as solutions to these problems.They aimed to build a more robust and varied economy that could survive market volatility and offer more prospects for the region's economy by enticing Southerners to try a range of crops and investments. This was especially crucial following the Civil War, which wrecked the southern economy and necessitated reconstruction efforts.
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The President of the Mount Pleasant Student Council met with the
members and planned a fund-raising fair. In order for this occasion to
materialize successfully the President has given the Vice-President and
Committee Chairman special duties to perform. This procedure is referred
to as
O delegating
O directing
o controlling
Omotivating
Answers
Answer:
Directing
Explanation:
Directing is the function of managers or the authority to issue instructions and guidance to subordinates and oversee their implementation. The management guides and inspires the other members towards achieving the set organizational goals. Directing is providing leadership to junior members of the organization.
The President of the Mount Pleasant Student Council is directing the members to ensure a successful event.
During the last few years, consumers have had a higher willingness to drive electric vehicles. This implies that the O quantity demand; decreased i O supply increased O demand; increased O demand; decreased for electric vehicles has
Answers
In the last few years, the higher willingness of consumers to drive electric vehicles suggests that the demand for electric vehicles has increased.
The increased willingness of consumers to drive electric vehicles implies a shift in consumer preferences and attitudes towards sustainable transportation options. As consumers become more aware of environmental concerns and the benefits of electric vehicles, their demand for these vehicles increases.
When the willingness of consumers to drive electric vehicles increases, it indicates a higher demand for such vehicles in the market. This shift in consumer preferences leads to an upward shift in the demand curve for electric vehicles. The quantity demanded for electric vehicles will also increase as consumers are more willing to purchase and use them.
The increased demand for electric vehicles can be attributed to various factors, including advancements in technology, improved infrastructure for electric vehicle charging, government incentives, and growing awareness of the environmental benefits of electric vehicles. This shift in consumer demand has significant implications for the automotive industry, as manufacturers respond to the increased demand by producing more electric vehicles and expanding their electric vehicle offerings.
In conclusion, the higher willingness of consumers to drive electric vehicles indicates an increased demand for these vehicles. This shift in consumer preferences reflects the growing importance of sustainability and environmental consciousness in the automotive market.
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The Shirt Works sells a large variety of tee shirts and sweatshirts. Steve Hooper, the owner, is thinking of expanding his sales by hiring high school students, on a commission basis, to sell sweatshirts bearing the name and mascot of the local high school.
These sweatshirts would have to be ordered from the manufacturer six weeks in advance, and they could not be returned because of the unique printing required. The sweatshirts would cost Hooper $16.00 each with a minimum order of 203 sweatshirts. Any additional sweatshirts would have to be ordered in increments of 203.
Since Hooper’s plan would not require any additional facilities, the only costs associated with the project would be the costs of the sweatshirts and the costs of the sales commissions. The selling price of the sweatshirts would be $32.00 each. Hooper would pay the students a commission of $7.00 for each shirt sold.
Required:
1. What level of unit sales and dollar sales is needed to attain a target profit of $7,308?
2. Assume that Hooper places an initial order for 203 sweatshirts. What is his break-even point in unit sales and dollar sales? (Round your intermediate calculations, round "Break-even point in unit sales" up to the nearest whole unit and round "Break-even point in dollar sales" to the nearest whole dollar.)
3. How many sweatshirts would Hooper need to sell to earn a target profit of $8,222? (Round final answer up to the nearest whole unit.)
Answers
1. The unit and dollar sales levels needed to attain a target profit of $7,308 are 812 and $25,984.
2. The break-even point with 203 sweatshirts is $4,669.
3. The unit sales level needed to attain a target profit of $8,222 is 914.
What is the break-even point?The break-even point represents the required sales units for no profit or loss to be achieved.
At the break-even point, the total revenue equals the total costs (fixed and variable).
Data and Calculations:Selling price per sweatshirt = $32
Variable cost per unit = $23 ($7 + $16)
Contribution margin per unit = $9 ($32 - $23)
Contribution margin ratio = 0.28125 ($9/$32)
Fixed costs = $0
Target profit = $7,308
1. Sales level to attain a target profit of $7,308 = 812 units ($7,308/$9)
And $25,984 ($7,308/0.28125)
2. Break-even point with 203 sweatshirts = $4,669 ($23 x 203)
3. Target profit = $8,222
Sales level to attain a target profit of $8,222 = 914 units ($8,222/$9)
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WILL BE MARKED BRAILIEST!!
3.A company sees that sales of its speakers have decreased over the past
120 days. Its most likely option is to first
design a market research plan
visit some stores selling the product
stop production of the product
lower prices and see what happens
Answers
Answer:
They company goes out of business?
Explanation:
what can be the role of media to provide trustworthly information to ordinary people who want to apply for foreign employment?
Answers
The role of the media in providing trustworthy information to ordinary people who want to apply for foreign employment will include:
Making researches to determine if the opportunity is genuine before dissemination of information They can also assist to ensure the people interested go with the right documents and things.Making researches to determine if the opportunity is genuine before dissemination of information ensures that the individuals are free from trouble as offences could be punishable the law.
They can also assist to ensure the people interested go with the right documents and things to also ensure that they are deported with nothing which may lead to depression.
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