Short Grass Incorporated's economic order quantity is 4,602 balls or 64 cartons.
Data and Calculations:
Cost per ball = $1.15
Balls per cartoon = 72
Annual demand = 158,520
Weekly demand = 3,891 balls
The number of cartoons demanded per year = 2,202 (158,520/72)
Earnings on cash investments = 8%
Purchase-order lead time = 1 week
Ordering costs per purchase order = $128,000
Handling costs = $1,916 ($0.87 x 2,202)
The economic order quantity (EOQ) = square root of (2 x Demand x Ordering costs)/Handling costs
= square root of (2 x 158,520 x $128,000)/$1,916
= square root of (21,180,125)
= 4,602 balls or 64 cartons
Thus, the economic order quantity is 4,602 balls or 64 cartons.
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At the end of 2021, Windsor Co. has accounts receivable of $749,900 and an allowance for doubtful accounts of $23,580. On January 24, 2022, it is learned that the company’s receivable from Madonna Inc. is not collectible and therefore management authorizes a write-off of $4,564.
(a)
Prepare the journal entry to record the write-off. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Answer:
DR Allowance for Doubtful Debt $4,564
CR Accounts Receivable $4,564
Using the Allowance method means that an allowance has already been provided from which uncollectible accounts will be deducted from.
When an amount is uncollectible therefore, it will be debited to the Allowance account to reduce it. Accounts receivable will be credited to recognise that a receivable is now uncollectible.
Substitute x = b 2 into the simplified expression, the value was 20.
Answer:
b= 10 x = 20
Explanation:
b= 10. 10 x 2 =x
Therefore the value of X is 20 if you substitute the value twenty for x then divide that value by two you received your variable b's answer.
Kim, Chris, and Beth are all partners in a cosmetics firm. Kim is leaving the partnership and wants to sell her shares of the business, including the property owned by the partnership, to Chris and Beth. The remaining partners are not interested in buying Kim’s interests. Kim has been unable to find a buyer for her share of the partnership. She has now resorted to asking the court to either sell her shares or sell the entire property. What form of concurrent ownership applies?a. Partition Law Suitb. Tenants in Commonc. Joint Tenancyd. Separate Ownership
Answer: Joint Tenancy
Explanation:
Based on the information that is given in the question, the form of concurrent ownership that applies is the joint tenancy.
Joint tenancy occurs when two or more individuals own thesame property. As a result, the joint tenants that is, the individuals who own the property share an equal ownership and also have equal right on the property.
Nathan needs to overlap a task for 25% of its predecessor's duration. Which value must he enter in the link's Lag field to accomplish this
Since Nathan needs to overlap a task for 25%, the value that must be entered in the link's Lag field will be -25%.
What is a task?
A task means an activity that needs to be accomplished within a defined period of time.
Lead time is the overlap between tasks that have a dependency. Since he wants to overlap tasks, he would want lead time and lead time is a negative value so he must enter -25% in the lag field.
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Managers are responsible for helping company's code of ethics. to understand and follow their
Answer:
Yes, managers play an important role in helping employees understand and follow their company’s code of ethics. A code of ethics is a set of guidelines that outlines the ethical standards and values that a company expects its employees to uphold. Managers are responsible for communicating the code of ethics to their employees, providing training and guidance on ethical behavior, and ensuring that employees comply with the code. By promoting ethical behavior and leading by example, managers can help create a positive and ethical work environment.
Explanation:
t 3 Lab Learning Activity
K
Marcus Richardson
HW Score: 0%, 0 of 4 points
O Points: 0 of 1
11/03/22 7:32 PM
Question 1, P4-4 (similar to)
(Related to Checkpoint 4.1) (Liquidity analysis) Airspot Motors, Inc. has $2,505,600 in current assets and $864,000 in current liabilities. The company's managers want to
increase the firm's inventory, which will be financed using short-term debt. How much can the firm increase its inventory without its current ratio falling below 2.1
$6,28,363 the firm increase its inventory without its current ratio falling below 2.1
Current ratio = Current asset / current liability
Increasing inventory would increase the current asset.
We assume the additional inventory = L
So new current asset = L + $2,505,600
New current liability = L + $864,000
So, L + $2,505,600÷ L + $864,000 = 2.1
By solving L we get, L= $6,28,363
In other words, assets are items that provide a financial benefit to a company, such as inventory, buildings, equipment, and cash. They aid a company's ability to manufacture goods or provide services both now and in the future. A company's liabilities are its obligations—either money owed or services not yet performed.
Liabilities are the debts owed by a company to third-party creditors. Accounts payable may include notes payable and bank debt. Businesses take on debt in order to expand faster. A company's stability is determined by the balance of its debts and assets
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25 points and brianly
Which sentence demonstrates the use of secondary market research technique?
Answer:
Sentence 3
Explanation:
Answer:sentence three
Explanation:
Do you think that MTV's future lies mostly in its international operations?
Answer:
Yes.
I think that "MTV's future lies mostly in its international operations." This is where the market is for cable TV. The domestic market is already saturated. For an organization of its kind, the best it can do is to expand beyond the domestic market, which it has already done. For example, its African channel is booming. It is also a way to project American culture to the world to help create cross-cultural understanding, while also importing some outside culture to the US in a globalized world.
Explanation:
As a giant American multinational cable channel, MTV focuses on original reality programming which targets teenagers and young adults. This defines its vision and mission. This implies that the company has already identified its purpose. There are teenagers and young adults over the world. This is why its outreach should not be restricted to the domestic US market alone.
Yes, I believe MTV's future lies mostly in its international operations. This is because the domestic market is almost saturated.
MTV, which is one of the foremost music television channels, can expand and grow its marketing operations by establishing and drawing international markets.
This is because making their output and contents align with the international markets such as Europe, Africa, Asia, and Latin America would generate more income.
Not only that, most international markets like Africa and Asia are still developing in terms of music and exposure to American content. Thus MTV has more space to develop.
Again, MTV can promote and develop the other continents' arts and culture in the American markets.
Hence, in this case, it is concluded that MTV's future lies mostly in its international operations.
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2.02 What is the benefit of a 529 education saving plan?
earnings in a 529 plan grow federal tax-free and will not be taxed when the money is taken out to pay for college.
Match the design thinking stage to its description.
Question 14 options:
The design team creates multiple inexpensive versions of the product, known as minimum viable products (MVPs)
Spend time gaining an understanding by observing, engaging, and empathizing with customers to understand their experiences and their needs better
Analyze observations and information to identify the core problem
The design team comes up with solution ideas
The design team identifies any additional problems and refines the final solution before the final product is produced and released to customers
1.
Empathize
2.
Define
3.
Ideation
4.
Prototype
5.
Test
It is a Prototype that the design team has created to take the experience from the sample of a population.
What is a Prototype?
A prototype is a rudimentary working model, sample, or just a simulation of the actual product based on which the final product are developed.
Prototype are working models of the entrepreneurial ideas for new products. It is almost indispensable, and funding and building them the first test of the enterprise.
It helps in getting investors and licenses how the proposed product will work without having tp rely exclusively on diagrams and the power of description.
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Economic demand is?
A. the amount of a good or service that consumers are willing and able to buy at one price.
B. the amount of a good or service that consumers are willing and able to buy at various prices.
C.the amount of a good or service that producers are willing and able to produce at various prices.
D. the amount of a good or service that consumers are willing but not able to buy at various prices.
Which of the following is correct?
The correct answer is B. Economic demand is the amount of a good or service that consumers are willing and able to buy at various prices.
It reflects the relationship between the price of a product and the quantity that consumers are willing to purchase at that price. Demand is influenced by factors such as price, consumer preferences, income levels, and availability of substitutes.
As the price of a product decreases, the quantity demanded generally increases, and vice versa, following the law of demand. The demand curve represents this relationship, showing the quantity of a good or service that consumers are willing and able to buy at different price points.
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At the beginning of the current period, Marin Corp. had balances in Accounts Receivable of $196,800 and in Allowance for Doubtful Accounts of $9,510 (credit). During the period, it had net credit sales of $864,300 and collections of $687,610. It wrote off as uncollectible accounts receivable of $6,804. However, a $3,219 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $24,000 at the end of the period. (Omit cost of goods sold entries.)
Account Titles and Explanation
(A) Accounts Receivable DR - 864,300
Sales Revenue CR - 864,300
(B) Cash DR - 687,610
Accounts Receivable CR - 687,610
(C) Allowance for Doubtful Accounts DR - 6,804
Accounts Receivable CR - 687,610
Cash DR - 3,219
Accounts Receivable CR - 3,219
(D) Bad Debt Expense DR - 18,075
Allowance for Doubtful Accounts CR - 18,075
!!QUESTION!!:
Determine the ending balances in Accounts Receivable and Allowance for Doubtful Accounts.
Ending balance in Accounts Receivable: $?
Ending balance in Allowance for Doubtful Accounts: $?
The ending balance in Accounts Receivable is $369,905 and the ending balance in Allowance for Doubtful Accounts is $1,761.
What does Accounts Receivable mean?Accounts Receivable refers to the amount of money owed to a company by its customers for goods or services that have been sold but not yet paid for. In other words, it represents the company's right to receive payment from its customers. Accounts Receivable is considered an asset on the company's balance sheet and is often a significant component of a company's working capital. As customers make payments on their outstanding balances, the amount in Accounts Receivable decreases, and the amount of cash on the company's balance sheet increases.
To determine the ending balances in Accounts Receivable and Allowance for Doubtful Accounts, we need to take into account all the transactions that occurred during the period.
Beginning balance in Accounts Receivable: $196,800
Add: Net credit sales: $864,300
Less: Collections: ($687,610)
Less: Write-offs: ($6,804)
Add: Recovery of previously written-off account: $3,219
Ending balance in Accounts Receivable: $369,905
Beginning balance in Allowance for Doubtful Accounts: ($9,510)
Less: Write-offs: $6,804
Add: Bad debt expense: $18,075
Ending balance in Allowance for Doubtful Accounts: $1,761
Therefore, the ending balance in Accounts Receivable is $369,905 and the ending balance in Allowance for Doubtful Accounts is $1,761.
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which of the following statements is true about how people make choices to fulfill their wants
a.choices about wants are affected by priorities
b.choices about wants must be made before needs are considered
c.choices about wants are not affected by priorities
d.choices about needs and wants need to be considered equally
Answer:
a.choices about wants are affected by priorities
Question 2 of 17 <
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Fixed costs $
If it increases its selling price by 10% while expecting volume to drop by just 5%, will the company achieve its goal?
Current Attempt in Progress
Patricia is helping her company consider a change in its CVP relationship to increase profitability. Currently, the company is selling
15,200 units, generating $77,800 in operating income. The contribution margin is $36 per unit, while total variable costs are
$364,800.
What amount of fixed costs does t company currently incur?
New operating income $
The company
-/3
its goal.
E
|||
The amount of fixed costs that the company currently incur is $104,600.
What amount of fixed costs does the company currently incur?Operating income = (Selling price x Units sold) - (Total variable costs + Total fixed costs). Given that the company's operating income is $77,800, its selling price is $36 per unit, its units sold are 15,200, and its total variable costs are $364,800.
$77,800 = ($36 x 15,200) - ($364,800 + Total fixed costs)
$77,800 = $547,200 - $364,800 - Total fixed costs
$77,800 = $182,400 - Total fixed costs
$77,800 + Total fixed costs = $182,400
Total fixed costs = $104,600.
Will the company achieve its goal?To determine whether the company will achieve its goal by increasing its selling price by 10% while expecting a 5% drop in volume, we need to calculate the impact of these changes on the company's operating income.
Currently, the company's revenue is calculated as follows:
Revenue = Selling price x Units sold
Revenue = $36 x 15,200
Revenue = = $547,200
Variable costs are calculated as follows:
Variable costs = Total variable cost per unit x Units sold= $24 x 15,200
Variable costs = $364,800
Therefore, the company's current operating income is calculated as follows:
= Revenue - Variable costs
= $547,200 - $364,800
= $182,400
If the company increases its selling price by 10%, the new selling price will be $39.6 ($36 x 1.1). With a 5% decrease in volume, the new units sold will be 14,440 (15,200 x 0.95).
The new revenue will be calculated as follows:
= New selling price x New units sold
= $39.6 x 14,440
= $571,584
The new variable costs will be calculated as follows:
= Total variable cost per unit x New units sold
= $24 x 14,440
= $346,560
Therefore, the new operating income will be calculated as follows:
= New revenue - New variable costs
= $571,584 - $346,560
= $225,024.
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The most accurate and encompassing description of globalization is expressed as "the expanding cultural, political, and economic connections between people _____________."
Select the correct answer below:
on the internet
around the country
around the world
with different economic incentives
Write a response to the following behavioral question using the behavioral question response model. Remember, if you do not have work experience, consider other group or school situations.
Tell me about a time where you were forced to make an unpopular decision.
Student responses will vary, but should follow the behavioral question response model.
1. Describe the situation.
2. Explain the actions taken.
3. Describe the outcomes.
4. Summarize what was learned from the experience.
You should start by recalling a time when you had to make a choice that was paradoxical, unexpected, or curious.
Procedure for writing the text:
Give a brief overview of the decisions that had to be made.Indicate the choice you've made.List the factors that contributed to your decision.Give an explanation of what makes this decision unusual.Show how the public responded to that choice.Indicate the outcomes that the choice fostered and whether they were favorable or unfavorable.Remember that your response must be unbiased while also deeply addressing your experience.
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The Government using taxing and spending to stabalize the economy is called
Answer:
fiscal policy
Explanation:
Fiscal policy is the use of government spending and taxation to influence the economy. Governments typically use fiscal policy to promote strong and sustainable growth and reduce poverty.
The following costs were incurred in May: Direct materials $ 43,100 Direct labor $ 36,200 Manufacturing overhead $ 23,800 Selling expenses $ 18,000 Administrative expenses $ 40,700 Conversion costs during the month totaled:
Conversion costs during the month totalled: $ 60,000
What is conversion cost?Conversion cost is the cost incurred by any manufacturing entity in the process of converting its raw material into finished goods capable of being sold.
The conversion cost is computed as:
Conversion Costs = Direct Labor Costs + Manufacturing Overheads
Given that:
Direct Labor Costs = $ 36,200
Manufacturing Overheads = $ 23,800
Therefore,
Conversion Costs = $ 36,200 + $ 23,800
Conversion Costs = $ 60,000
Hence, Conversion costs during the month totalled $ 60,000
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industrialization began in a and the low countries in part thanks to the capital raised by world trade. t/f
True The capital generated by international trade contributed to the beginning of industrialization in a and the low-income nations.
What started the industrialization process?British mechanized spinning in the 1780s marked the beginning of rapid industrialization. After 1800, high growth rates in steam power and iron production followed.
Where did industrialization start?The Industrial Revolution began in Great Britain in the middle of the 18th century, according to the majority of historians. At this time, most social activities took place in small and medium-sized villages in the British Isles and most of Europe.
When was industrialization first started?In 1854, the first cotton mill in Bombay marked the beginning of India's industrialization.
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What do you think the curves would look like in the next 100 years?
Answer:The last 100 years have seen a massive fourfold increase in the population, due to medical advances, lower mortality rates, and an increase in agricultural productivity made possible by the Green Revolution.
What was the two important information in the financial position that is useful to financial users?
Answer:
1)balance sheet
2)income statement
Explanation:
Sam and Joan made an offer of $250,000 asking the seller to pay all closing costs. They will put 10% down and pay one discount points at closing. The amount of cash required at closing for Sam and Joan will be?
Answer:
$27,500
Explanation:
Discount points are also called mortgage points and are fees paid as prepaid interest rate on a mortgage property.
One discount point is equivalent to 1% of the loan amount.
In the given scenario a down payment of 10% was made.
Also they are pay one discount point to close.
So total down payment to be made is 10% + 1% = 11%
Amount is cash for closing = 0.11 * 250,000 = $27,500
What is the difference between final goods and intermediate goods?
A) Final goods are goods that are purchased by the end-consumer or user for their personal consumption or use.
B) Intermediate goods, on the other hand, are goods that are used as inputs in the production of other goods.
Final goods and intermediate goods are terms used in economics to distinguish between different types of goods in the production process. Here's a breakdown of the difference between the two:
1. Final Goods:
Final goods are goods that are purchased by the end-consumer or user for their personal consumption or use. These goods are ready for consumption and do not undergo further processing or transformation before reaching the final consumer. Examples of final goods include food products, clothing, electronics, furniture, and vehicles. Final goods are the end result of the production process and are intended for final consumption or use.
2. Intermediate Goods:
Intermediate goods, on the other hand, are goods that are used as inputs in the production of other goods. They are not intended for final consumption but are instead used as raw materials, components, or capital goods in the production process. Intermediate goods undergo further processing or transformation before being included in the final goods. Examples of intermediate goods include raw materials like steel or wood, components like circuit boards or engines, and machinery or equipment used in production.
The key distinction between final goods and intermediate goods lies in their purpose and stage in the production process. Final goods are produced for the ultimate satisfaction of consumers' needs and are ready for consumption, while intermediate goods are used in the production of other goods and undergo further processing.
It's important to note that when calculating a country's Gross Domestic Product (GDP), only the value of final goods is considered. Intermediate goods are excluded to avoid double-counting, as their value is already included in the final goods they contribute to. By focusing on final goods, GDP provides a measure of the value of goods and services produced for final consumption in an economy.
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The change in technology and the globalization have brought new pattern of organizing
today's companies, and thus, the managers need to consider these new concepts in
organization's design process. With this statement, discuss the emerging issues in
organization design and architecture.
Following are the emerging issues in organization design and architecture:Technology and Globalization, Customer Relations,Technical Knowledge, Flexibility, Employee's Well-being.
Following are the emerging issues in organization design and architecture:
Technology and Globalization: The modern era's rapid technology and globalization have forced the organizations to adopt a new pattern of organizing. Managers are focusing more on technology and globalization and they are ensuring that the company can cope with the emerging challenges.Customer Relations: Customers are the major driving force in every business. To maintain the customer base, the managers need to focus on customer relations as the organization's design process should be centered around their needs. This will help the managers in creating a company that provides excellent customer service to its customers.Technical Knowledge: The success of an organization depends on the technical knowledge of its managers. Managers need to have knowledge about new and emerging technologies so that they can use them to enhance the organization's capabilities. In addition, managers need to know how to apply this technical knowledge to improve the organization's structure and operations.Flexibility: Flexibility is a crucial component in the organization's design process. The managers need to design the organization that is flexible enough to adapt to new changes and technologies. This will help the managers in keeping up with the rapidly changing business environment.Employee's Well-being: The well-being of employees is also a significant issue in the organization's design process. The managers need to design the organization in a way that the employees can work efficiently, and their personal needs are also met. This will help in improving the employee's productivity and motivation level and ensure their loyalty to the organization.For more such questions on Globalization
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Let MAC1 = 100 – 10E and MAC2 = 50 – 10E. Graph each function and compute the aggregate MAC curve. Let MD = 30E, compute the socially efficient equilibrium. For the equations given above, suppose the government sets the pollution level at four units. What are the net social costs of this policy?
Suppose a technological change occurs that reduces the marginal costs of abatement for polluter 1 in the above equation to that of polluter 2. How does this affect the socially efficient level of pollution? Solve numerically and graphically.
If the marginal costs of abatement for polluter 1 become equal to polluter 2, it does not impact the socially efficient level of pollution. The level is still determined by equating Marginal Damage with the Aggregate MAC.
To graph each function, we can plot MAC1 and MAC2 on a graph with the quantity of emissions (E) on the x-axis and the marginal abatement cost (MAC) on the y-axis.
For MAC1: MAC1 = 100 - 10E
For MAC2: MAC2 = 50 - 10E
To compute the aggregate MAC curve, we add the individual MAC curves together. So, Aggregate MAC = MAC1 + MAC2.
Aggregate MAC = (100 - 10E) + (50 - 10E) = 150 - 20E
Now, let's calculate the socially efficient equilibrium by setting the Marginal Damage (MD) equal to the Aggregate MAC.
MD = Aggregate MAC
30E = 150 - 20E
Simplifying the equation, we get:
50E = 150
E = 3
Therefore, the socially efficient equilibrium occurs when the quantity of emissions (E) is 3.
Now, let's calculate the net social costs of the policy when the government sets the pollution level at four units.
Net social costs = Aggregate MAC - MD
Net social costs = (150 - 20(4)) - (30(4))
Net social costs = 110 - 120
Net social costs = -10
The net social costs of this policy would be -10, indicating a net benefit to society.
If a technological change occurs that reduces the marginal costs of abatement for polluter 1 to that of polluter 2, it means that MAC1 will become equal to MAC2.
Setting MAC1 equal to MAC2:
100 - 10E = 50 - 10E
Simplifying the equation, we find that E can have any value, as both sides are equal.
Graphically, this change would mean that MAC1 and MAC2 become parallel lines on the graph, with the same slope and intercept. The socially efficient level of pollution would still be determined by equating MD with the aggregate MAC.
In conclusion, if the marginal costs of abatement for polluter 1 become equal to polluter 2, it does not affect the socially efficient level of pollution. The socially efficient level is still determined by equating the Marginal Damage with the Aggregate MAC, regardless of the marginal costs of individual polluters.
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Data on DVD sales for three different years can best be COMPARED by using a *
Answer:
Bar graph (chart).
Explanation:
A bar graph also known as a bar chart can be defined as the graphical representation of data (informations) by using vertical columns or rectangular bars. When a data set is observed, a bar chart can be used to graphically represent or record the total or overall amount of information contained therein. Generally, bar charts are used for the comparison of informations obtained from a data collection by representing each value (information) with rectangular bars respectively.
Hence, data on DVD sales for three different years can best be compared by using a bar graph (chart).
The bar graph has a x-axis and a y-axis used to represent the various categories of data collected. Thus, the x-axis could be used to denote the DVD sales while the y-axis is used to denote the year.
Marketing and common sense
You can earn 3% interest on a CD and 1.25% interest on a savings account.
How much more interest will the CD earn for one year if you make a deposit of
$1,650?
Financial Lit, please help!!
Answer:
The CD will earn $49.50 more interest than the savings account for one year if you make a deposit of $1,650.
When picking an order at Amazon what should I do with perfume
analyse the success of his business using profitability