In order to determine cash an increase in accounts receivable will result in an decrease in cash from sales revenue when using the direct method to determine cash flows from operations
An rise in accounts receivable from one year to the next suggests that more customers used credit to make purchases during the period, which depletes the company's cash flow because part of the revenues received during the period raised the balance of accounts receivable rather than cash. Payments due to a business from its clients for goods and/or services already provided to them are referred to as accounts receivable. Customers that made credit-based purchases rather than cash are considered to have unreceived payments, or accounts receivable.
The amount owed to a business for products or services that have been delivered or utilized, but for which consumers have not yet made payment, is known as accounts receivable. A current asset is defined as accounts receivable on the balance sheet.
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Part 1: Recording Entries for Manufacturing
One of the products Al-Can Products, Inc. manufactures for their rest stops are benches. Perform the following tasks to classify and record common manufacturing costs.
The production of the rest stop benches requires the following costs. For each cost, determine how the cost should be classified by placing an X in the appropriate column.
Direct Materials
Direct Labor
Factory Overhead
None
Wages of factory supervisor
Rent of company headquarters
Lumber to manufacture benches
Factory property taxes
Bench inspector wages
Wages for the marketing manager
Cleaning supplies to maintain equipment
Wages of production employees
Stain for the benches
Al-Can Products, Inc. estimates that it will build 5,000 benches next year. For this amount of production, total factory overhead is estimated to be $123,456.00. Estimated direct labor costs for next year are $256,190.00. Calculate the factory overhead applied rate for next year as a percentage of direct labor costs.
Answer:
The factory overhead applied rate for next year is 48.19% of the estimated direct labor costs.
How do we calculate the factory overhead applied rate for next year?
The factory overhead applied rate is calculated by dividing the total factory overhead by the estimated direct labor costs and expressing the result as a percentage.
So, the formula for factory overhead applied rate is \((Total factory overhead / Estimated direct labor costs) * 100%\)
Plugging in the given values, we get factory overhead applied rate which is:
= ($123,456.00 / $256,190.00) * 100%
= 0.481892346 * 100%
= 48.1892346%
= 48.19%.
Complete and answered question "Al-Can Products, Inc. estimates that it will build 5,000 benches next year. For this amount of production, total factory overhead is estimated to be $123,456.00. Estimated direct labor costs for next year are $256,190.00. Calculate the factory overhead applied rate for next year as a percentage of direct labor costs".
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By identifying and investing early in a potential future economic star, international firms can ________ and gain experience in that country's business practices. Group of answer choices build brand loyalty build infrastructure begin to stockpile that country's currency learn which government officials need to receive kickbacks
Answer:
build brand loyalty
Explanation:
The companies could develop the brand loyalty via a deep understanding of the customer priorities and their buying behavior also it aligned what they stand. Here the effective brand would create the strong and creative identity that can the customer can related also this identity would remain the same over the time period
Therefore as per the given situation, it is a build brand loyalty
Police are investigating the site of a convenience store robbery. The glass door was
broken, and it looks as if several packages of cigarettes are missing from behind the
counter. One police officer notices a man walking past the store and gets an odd
feeling about him. He stops the man and insists on searching his pockets. Inside the
man's pockets, police find several packs of cigarettes. They arrest the man and
charge him with the crime. Unfortunately, the judge throws out the charges. What is
MOST likely the judge's reason for dismissal?
A-The man is under 18 years old.
B-The man did not have money to post bail.
C-The policeman did not have probable cause to search the man.
D-The policeman did not have enough evidence that the man was the robber.
The MOST likely judge's reason for dismissal is the policeman did not have enough evidence that the man was the robber. Thus the correct option is D.
What is Robbery?Theft or robbery is defined as the stealing of someone else's property without their permission and using force or a threat of force that exhibits fear in them to perform any action against them.
To prove a crime against someone requires one to submit enough evidence which helps to establish the claim as the justice system is based on evidence not on arguments.
In the given case, police found the activity of the men suspicious as they found cigarette packets from him. There is no evidence that he has stolen the cigarette packets might be possible he has purchased them.
So due to a lack of evidence against the person the Judge dismissal the case. Therefore, option D is appropriate.
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Bramble, Inc. has 8 computers which have been part of the inventory for over two years. Each computer cost $530 and originally retailed for $950. At the statement date, each computer has a net realizable value of $360. What value should Bramble, Inc., have for the computers at the end of the year?
Answer:
$2,880
Explanation:
US GAAP requires companies to value their inventories at lower of cost or net realizable value.
so we calculate both:
the cost = 8 x $530 = $4,240the net realizable value = 8 x $360 = $2,880Since the net realizable value is lower, then the computers must be recorded at that price.
How can you make the most of a tight budget?
a) making a list before shipping
b) buying on sale
c) setting good priorities
d) all of these
Answer:
D
Explanation:
most prob everything is good
Cindy Haskins is paid $9.00 an hour. Her overtime rate is 2 times (double time) her regular hourly rate. This week Haskins worked her regular 40 hours plus 8 hours of overtime. What is her total pay?
Her entire compensation is $504.
The term "total pay" means what?Total Pay is the sum of a worker's regular straight-time pay or base salary plus any additional wages received for overtime, shift differentials, incentive pay, bonuses, and other special payments.
The following formula will be used to determine Cindy Haskins' total compensation:
Hourly Payment per hour= $9.00
Hours worked= 40 hours
Payment = 40 X 9 = $360
Overtime payment per hour = $9.00 X 2= $18
Overtime = 8 hours
Payment = 18 X 8= $ 144
Total Payment= $360 + $144= $504
How do you figure up total pay?The number of hours worked multiplied by the hourly wage of an employee is how gross wages for hourly workers are determined. For instance, if a worker does 25 hours per week of part-time employment at a wage of $12, their gross compensation would be $300 (25 x $12 = 300).
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Trading stock or selling stock, selling real estate for profit, and selling other assets that gain value over time.answer choicesWagesPassiveEarnedPortfolio
Option D. Portfolio. A portfolio is a collection of financial assets such as stocks, bonds, real estate, commodities, and other investments held by an individual or an organization.
Trading stocks, selling real estate for profit, and selling other assets that gain value over time are generally considered as part of a person's portfolio. A portfolio is a way for individuals and organizations to diversify their investments and manage risk. By holding a mix of assets with different levels of risk and return, the overall portfolio can be balanced in a way that reduces the impact of any one asset's performance on the portfolio as a whole.
For individuals, a portfolio can help them save for retirement, pay for education, or reach other financial goals. It can also provide a source of passive income through dividends, interest, or rental income. For organizations, a portfolio can help them ensure that they have a stable and reliable source of funding to meet their financial obligations and achieve their strategic goals.
In general, a well-diversified portfolio can help to maximize returns and minimize risk, making it an important tool for managing and growing wealth over time.
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Trading stock or selling stock, selling real estate for profit, and selling other assets that gain value over time? answer choices
A. Wages
B. Passive
C. Earned
D. Portfolio
C. ANALOGY BETWEEN CHICKEN EGG AND A CELL
Write the best word that matches the example provided.
1. EGG SHELL : ___________
2.________ : NUCLEUS
3. EGG WHITE : __________
Answer:
1. Cell membrane.
2. Egg yolk.
3. Cytoplasm
Explanation:
Much like the egg shell, the cell membrane prevents things from entering the cell thereby protecting it the way the shell does for a chicken egg.
The egg yolk in the middle of the egg is like the nucleus in a cell which is also at the middle.
The cytoplasm of the cell is the structure between the nucleus and the cell membrane and this is very similar to the egg white which exists between the egg yolk and the egg shell.
The analogy between chivken egg and a cell is Cell membrane,Egg yolk
and cytoplasm.
The best word that matches the example provided are :1. EGG SHELL :Cell membrane.
2. Egg yolk : NUCLEUS
3. EGG WHITE : Cytoplasm
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If production involves constant opportunity cost, the production possibilities curve
A. Is "bowed inward."
B. Is a straight line.
C. Is "bowed outward."
D. Is a wavy line.
E. Has an unpredictable shape.
A. Is "bowed inward." Option A
What is the production possibilities curve?Generally, A production possibilities curve is a graph that shows the trade-offs between two different goods or services that an economy can produce. It illustrates the concept of opportunity cost and shows the maximum amount of one good or service that can be produced for a given amount of the other good or service.
The production possibilities curve typically has a bowed-out shape, as an increase in the production of one good requires a decrease in the production of the other good in order to maintain the same level of production efficiency.
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3. ______ are defined as goods or services that are required for health and safety.
Occupational Health and Safety are defined as goods or services that are required for health and safety. Information standards are guidelines governing the information that must be provided to consumers when they purchase specific goods.
What is the safety of goods?A safe product is one that delivers either no risk or a minimum tolerable level of risk, taking into account the product's typical or reasonably foreseeable use and the need to maintain a high level of consumer protection.
Occupational health and safety is a multidisciplinary discipline that deals with all elements of workplace health and safety, with a heavy emphasis on preventing workplace dangers.
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A cashier is what type of resource ?
A. Natural resource (N)
B. Human resource (H)
C. Capital good (C).
Answer: B
Explanation: theyre human and a resourc
Which of the following is not a step in the decision making process
a.Identify Choices
b. MAKE a decision
c.Consult a career coach
d. DEFINE your needs and wants
Career Coach is wrong (Pretty sure)
If the coupon interest rate is 4.375% for the first six months and changes to a rate equal to the 10-year Treasury bond rate plus 1.3% thereafter, the bond is called a bond. Which feature of a bond contract allows the issuer to redeem a bond issue immediately in its entirety at an amount greater than par value prior to maturity? Deferred call provision Call provision Put provision Convertible provision Which term is used to describe a call provision in which the issuer is prevented from calling a portion or the entire issue for several years during the early years of the bond issue? Sinking fund provision Declining call provision Deferred call provision
Answer:
If the coupon interest rate is 4.375% for the first six months and changes to a rate equal to the 10-year Treasury bond rate plus 1.3% thereafter, the bond is called a FLOATING RATE bond.
Which feature of a bond contract allows the issuer to redeem a bond issue immediately in its entirety at an amount greater than par value prior to maturity?
CALL PROVISION
When issuers call a bond, it means that they redeem an outstanding bond before its maturity date. E.g. a bond matures in 10 years, but the issuer decides to redeem them (buy they back) in 2 years
Which term is used to describe a call provision in which the issuer is prevented from calling a portion or the entire issue for several years during the early years of the bond issue?
DEFERRED CALL PROVISION
Something that is deferred is something that has been postponed. So a deferred call provision is a call provision that is postponed for a certain amount of time. I.e. if the issuer wants and is able to call the bond, they must wait until a certain amount of years pass.
What does this word Otorhinolaryngologist mean?
Answer:
A medical specialty concerned especially with the ear, nose, and throat and related parts of the head and neck : otolaryngology All antihistamines have at least some drying effects, called anticholinergic properties.
Explanation:
Suppose that in 2015, a typical U.S. student attending a state supported college bought 8 textbooks at a price of $90 per book and enrolled in 28 credit hours of coursework at a price of $400 per credit hour. In 2016, the typical student continued to purchase 8 textbooks and enroll in 28 credit hours, but the price of a textbook rose to $100 per book, and the tuition price increased to $440 per credit hour. The base year for computing a "student price index" using this info is 2015. The price index for any base year is 100. The value of the student price index in 2015 is
Answer:
$11,920
Explanation:
2015 prices:
8 textbooks x $90 = $720
28 credit hours x $400 = $11,200
total = $11,920
the base year, in this case 2015, will be used to adjust the relative prices of the goods and services purchased by students. E.g. for year 2016, the index based on 2015 should be (8 x $90) + (28 x $400) = $11,920 since the quantities didn't change, only the nominal prices.
Business law
Why is the act of falsifying company records not in line with good business
ethics?
Help
Answer:
C. Because it shows lack of honesty
Reasons for unemployment?
Answer:
1.Slow Economic Growth
2.An Increase in Population
3. Slow Growth of Industrialisation
The reasons for unemployment include:
A recession: when there is a recession, the level of output in the economy is low. As a result, there would be less jobs available. low level of wages. When the wages paid to labor is too low, it might discourage people from working. war. When there is a war, economic activities would be disrupted. This would lead to job loss. What is unemployment?Unemployment is when people who are willing and able to get are job are without jobs. Types of unemployment include:
Frictional unemploymentVoluntary unemploymentStructural unemploymentCyclical unemploymentWhen there is a recession, the level of output would be depressed. As a result, unemployment would increase.
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Which type of interest does not change over the life of a loan?
Principal interest
Fixed interest
Variable interest
Annual percentage rate
Answer:
Fixed interest
Explanation:
A fixed-rate mortgage charges a set rate of interest that does not change throughout the life of the loan. You'll know exactly how much each monthly payment will be, as well as how much it will cost you overall to pay off the loan based on that rate.
According to Jeffrey Harper, why is market research important?
A Without research data to base decisions on, marketers are just guessing
B By researching, people know marketers care about them
C Data generated by research can be sold to make extra money
D Research is fun, easy and cheap so even if nothing is learned, the experience is good
Answer: The correct answer is A i.e. Without research data to base decisions on , marketers are just guessing .
Explanation: Market research involves gathering data to learn more about target demographics and consumers so a business can market itself more effectively and, ultimately, succeed in the market.
Harper is an assistant professor of practice in the area of marketing & supply chain. According to him research plays a very important role , without doing proper or required research marketers are just assuming which might prove to be very dangerous in future .
Industrial robots have completely changed manufacturing because they: Multiple select question. improve productivity can work 24/7 with great precision increase the number of jobs for humans reduce costs
Industrial robots have changed manufacturing by:
They improve productivityreduce costscan work 24/7 with great precision What are the industrial robots?These are the robots that were developed through the use of artificial intelligence.
The goal is to have the robots take on the tasks that are usually provided by humans around the world.
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is 1 a prime number
tell me pls im to dumm
Answer:
No
Explanation:
All prime numbers most be more then 1.
You borrow $120,000 with a 30 -year term at a 9% (APR) variable rate and the interest rate can be changed every five years. (a) What is the initial monthly payment? The initial monthly payment is $ (Round to the nearest dollar.)
The initial monthly payment is $966. The interest rate is variable, the monthly payment will also change whenever the interest rate changes.
To find the initial monthly payment, we can use the loan formula.
The formula is: **P = L[c(1 + c)^n]/[(1 + c)^n - 1]**
Where: P = Monthly paymentL = Loan amountc = Interest raten = Number of payments
For the initial monthly payment, we can use the current interest rate and the initial loan amount. The initial loan amount is $120,000 and the interest rate is 9% (APR).
To find the monthly interest rate, we can divide the APR by 12.
So, the monthly interest rate is 0.75%.
Now we can use these values in the loan formula:
P = 120000[0.0075(1 + 0.0075)^360]/[(1 + 0.0075)^360 - 1]
P = 965.6039467989855 We can round this to the nearest dollar.
So, the initial monthly payment is $966. Answer: $966 (rounded to the nearest dollar).
Since the interest rate is variable, the monthly payment will also change whenever the interest rate changes.
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What mechanisms operate the chain of building relationship equity?
The mechanisms that operate the chain of building relationship equity include trust, commitment, communication, and customer satisfaction.
1. Trust: Establishing trust is essential in building relationship equity, as it creates a solid foundation for long-term relationships. Trust can be developed through transparency, honesty, and consistently delivering on promises.
2. Commitment: Demonstrating commitment to the relationship is crucial, as it shows that both parties are invested in maintaining and growing the partnership. This can be achieved by being reliable, meeting expectations, and working towards common goals.
3. Communication: Effective communication is key to building relationship equity, as it helps in addressing concerns, sharing information, and resolving conflicts. Regular and open communication ensures that all parties are on the same page and working collaboratively.
4. Customer satisfaction: Ensuring customer satisfaction is important for building relationship equity, as satisfied customers are more likely to remain loyal and recommend the business to others. By offering quality products or services and addressing customer needs, businesses can build strong relationships and enhance their equity.
By focusing on these mechanisms, businesses can successfully build relationship equity, leading to long-lasting and mutually beneficial partnerships.
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Tamar Co. manufactures a single product in one department. All direct materials are added at the beginning of the manufacturing process. Conversion costs are added evenly throughout the process. During May, the company completed and transferred 23,500 units of product to finished goods inventory. Its 5,400 units of beginning work in process consisted of $17,300 of direct materials and $329,940 of conversion costs. It has 3,600 units (100% complete with respect to direct materials and 80% complete with respect to conversion) in process at month-end. During the month, $497,600 of direct material costs and $2,519,100 of conversion costs were charged to production.
Prepare the journal entry dated May 31 to transfer the cost of completed units to finished goods inventory. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar.)
Answer:
May 31, 202x, 23,500 units completed and transferred out
Dr Finished goods inventory 2,984,500
Cr Work in process 2,984,500
Explanation:
beginning WIP 5,400 units
materials $17,300
conversion $329,940
ending WIP 3,600 units
materials 100% complete
conversion 80% complete (2,880 EU)
units completed and transferred out 23,500
units started and completed 18,100
costs added during the period
materials $497,600
conversion $2,519,100
total costs
materials $514,900
conversion $2,849,040
total EU
materials 18,100 + 5,400 + 3,600 = 27,100
conversion 18,100 + 5,400 + 2,880 = 26,380
cost per EU
materials $514,900 / 27,100 = $19
conversion $2,849,040 / 26,380 = $108
total = $127
costs assigned to finished units = $127 x 23,500 = $2,984,500
Juan is a young sales professional. He should feel that he is at a disadvantage because his
compensation is tied to his performance. T/F
Juan should not feel that he is at a disadvantage because his compensation is tied to his performance. In fact, having compensation tied to performance can be seen as an advantage for a sales professional. This statement is false.
Here's why:
Incentive for high performance: Tying compensation to performance creates a strong incentive for sales professionals to excel and achieve their targets. Knowing that their efforts directly impact their earnings motivates them to work harder and strive for success.
Reward for exceptional performance: With performance-based compensation, sales professionals have the opportunity to earn higher rewards when they exceed their targets or perform exceptionally well. This can provide a sense of accomplishment and financial satisfaction.
Control over earnings: Performance-based compensation gives sales professionals a certain level of control over their earnings. By putting in the effort, honing their skills, and effectively closing deals, they have the ability to increase their income potential.
Clear measurement of success: Performance-based compensation provides a clear and measurable indicator of success. Sales professionals can track their progress, identify areas for improvement, and set goals to increase their earnings.
While there may be risks associated with performance-based compensation, such as the possibility of not meeting targets or facing variability in income, it is generally considered a fair and rewarding system for sales professionals. It aligns their efforts with organizational goals and provides opportunities for growth and financial success based on their performance.
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curtis corporation's noncallable bonds currently sell for $1,165. they have a 15-year maturity, an annual coupon of $95, and a par value of $1,000. what is their yield to maturity? a. 7.62% b. 6.87% c. 6.53% d. 7.24%
Solving for I/Y gives us approximately 6.53%. Therefore, the answer is (c) 6.53%.
To calculate the yield to maturity of Curtis Corporation's noncallable bonds, we need to solve for the discount rate that equates the present value of future cash flows (coupon payments and the par value at maturity) to the current market price of the bond.
Using a financial calculator or spreadsheet program, we can input the following information:
N = 15 (number of years to maturity)
PMT = $95 (annual coupon payment)
FV = $1,000 (par value)
PV = -$1,165 (negative because it represents an outflow)
Solve for I/Y (yield to maturity)
Solving for I/Y gives us approximately 6.53%. Therefore, the answer is (c) 6.53%.
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Implementing and executing strategy successfully requires Implementing and executing strategy successfully requires:______________
A. the same kinds of creative management talent and innovative thinking capabilities as crafting strategy.
B. a financially driven process aimed at squeezing the most profit out of conducting daily operations.
C. the efforts of a company's whole management team, not just a few senior managers
D. a high caliber CEO that possesses the business vision, industry and competitive analysis skills, and entrepreneurial creativity needed to navigate the competitive landscape.
E. less managerial expertise and effort to perform well, at least in comparison with crafting a winning strategy.
Answer: C. . the efforts of a company's whole management team, not just a few senior managers
Explanation:
Planning, implementing and carrying out strategies requires a careful, collective and calculative decision to be made by all head of department and the board of an organization, because the decision taken will rub off through these departments for implementation. The decision or choice of decision should not be left to a few persons in the organization because when the ideas and plans are arranged the execution may fail as all the respective department were not involved by their heads.
karl marx argued that ___________ would lead to socialism and then to communism as armies of unemployed workers would force economic change.
Karl Marx argued that mass unemployment under capitalism would lead to socialism and communism as the unemployed workers would demand economic change.
Karl Marx argued that the inherent contradictions and exploitative nature of capitalism would eventually lead to socialism and ultimately to communism. According to Marx, capitalism is characterized by the ownership of the means of production by a small ruling class, the bourgeoisie, who profit from the labor of the working class, the proletariat. This class division and the pursuit of profit create systemic inequalities and social conflict.
Marx believed that as capitalism developed, it would increasingly concentrate wealth and power in the hands of the bourgeoisie while impoverishing the working class. This process would result in a growing number of unemployed and marginalized workers. Marx theorized that these armies of unemployed workers, who are disconnected from the means of subsistence, would become conscious of their collective power and rise up against the capitalist system.
This proletariat revolution, driven by the struggles of the working class, would lead to the establishment of socialism. In a socialist society, the means of production would be owned collectively, and wealth and resources would be distributed more equitably among the people. Marx envisioned socialism as a transitional phase towards communism, a classless and stateless society where the principle "from each according to his ability, to each according to his needs" would prevail.
It's important to note that the implementation and interpretation of Marx's ideas have varied throughout history, and real-world attempts at socialism and communism have taken different forms with varying degrees of success and failure.
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Carlson presents a real estate purchase contract to his clients. along with the contract are several supplemental documents attached to it. what are these called?
Additional files delivered to an agreement earlier than ratification are addendums.
Why would an agreement to purchase real estate include supplemental documents?Real estate acquisition contracts frequently include supplemental documentation. They frequently contain details on the house, the seller, and the deal. Other significant information that is not contained in the contract itself may also be included in these documents.
The purpose of the supplemental documents is often to add to or clarify the contract's language. They might include details not included in the contract itself about a specific property, seller, or transaction. What is a lender holder? An individual or organization that finances the purchase of real estate is known as a lender holder. They are frequently the one who pays the property's purchase price plus interest.
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If a company invests $10,000 (year 0) and receives $2,775 per year for five years, the rate of return on the investment is equal to:
Question 10 options:
8%
18%
10%
12%
If a company invests $10,000 (year 0) and receives $2,775 per year for five years, the rate of return on the investment is equal to "12%". The correct option is D.
To calculate the rate of return on the investment,
\(PV\) = \((PMT / r) x (1 - 1 / ( 1+r )^5\)
where,
PV = present value of the investment,
PMT = annual payment received,
r = rate of return,
and n = number of years.
We know that,
The company invested $10,000 at year 0,
Received $2,775 per year for five years.
Therefore, PMT is $2,775 and n is 5.
Now, find the rate of return that makes the present value of the investment equal to $10,000:
$10,000 = \(($2,775 / r) x (1 - 1 / (1 + r)^5)\)
r = 12%
Therefore, the rate of return on the investment is 12%. The correct option is D.
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