X-Mart uses the perpetual inventory system to account for its merchandise. On May 1, it purchased $400 of merchandise on account with terms of 2/15, n/40. On May 3, X-Mart returned $50 of merchandise due to defect. Assuming that the purchase was paid for within the discount period, demonstrate the required journal entry for X-Mart to record the payment by selecting all of the correct actions below.
A. Credit Purchase Discounts $7.
B. Credit Cash $392.
C. Credit Merchandise Inventory $7.
D. Debit Accounts Payable $350.
E. Credit Cash $343.
F. Debit Merchandise Inventory $7.
G. Credit Accounts Payable $350.

The scenario that shows the best time to "play it safe" in investing because the law of diminishing returns is against the investor is option D: You just hit a big jackpot in Las Vegas and decide to put it all back into another game to double your return.

In this scenario, the investor has already experienced a significant gain by hitting a big jackpot in Las Vegas. However, investing the entire amount back into another game with the intention of doubling the return poses a high level of risk. The law of diminishing returns suggests that as an investment or activity continues, the incremental return or benefit diminishes over time. By putting all the winnings back into another game, the investor is exposing themselves to unnecessary risk. Instead, it would be wiser to consider diversifying the investment portfolio, preserving a portion of the winnings, and adopting a more conservative approach. This helps to protect the gained wealth and potentially generate more stable, sustainable returns in the long run. Hence the correct answer in Option D. you just hit a big jackpot in Las Vegas and decide to put it all back into another game to double your return.

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The concepts of the product line depth and product line breadth using practical examples relating to the 40Foods Distributors.

The product line refers to the number of products that a company offers within a particular product line

The product line depth and product line breadth are two important concepts in product management.

In the case of 40Foods Distributors, product line depth can be in the variety of products offered within each product line.

In the 40 Foods distributors, the product lines for dairy, bakery, meat, frozen foods, and other grocery items.

Therefore, the product line depth and product line breadth are two important concepts in product management.

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Answer:

management contract

Explanation:

The cost of making wine for the employers would rise if the pay rate of workers in the country B's wine sector rises.

If the wage rate of workers in the nation B's wine industry increases, the employers' cost of producing wine would also increase. The increase in production costs will cause the supply curve to move to the left because suppliers will produce less wine overall as a result of the higher production costs.

Also, workers will have more money in their pockets when the wage rate rises, increasing their spending power. The greater inclination of consumers to purchase more wine at all price points as a result of their improved purchasing power will result in a rightward shift in the demand curve as a result of this gain in purchasing power.

Due to these two changes, the equilibrium price in Country B will increase overall while the equilibrium wine production will decrease.

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Answer: socially wasteful

Explanation:

Product differentiation is when a product is being distinguished from similar products in order to make it more appealing and therefore drive consumers choice.

It should be noted that critics of market-oriented economies may argue that product differentiation is socially wasteful.

The STEEPLE model is a very complete model that can be used to analyze the factors that affect a specific situation.

This is an analysis model in which each letter represents a factor to be analyzed:

Let's analyze a war between two countries:

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The change in Microbiotics' total monthly profits on a present value basis if credit is offered to all customers is $2,386.61 positive.

The calculation of the present value involves the discounting of the interest rate from the future cash flows.

The present value can be computed using the present value table or an online financial calculator.

Price per carton = $160

Cost per carton = $95

Profit per carton = $65 ($160 - $95)

Total profit for 1,110 cartons = $72,150 ($65 x 1,110)

Total profit for 1,170 cartons = $76,050 ($65 x 1,170)

Cost of credit = $760.50 ($76,050 x 1%)

Change in profit = $75,289.50 ($76,050 - $760.50)

Discount factor of 1% = 0.990

Present value of $75,289.50 at 1% in a month's time = $74,536.61 ($75,289.50 x 0.990)

Thus, the change in Microbiotics' total monthly profits on a present value basis if credit is offered to all customers is $2,386.61 positive ($74,536.61 - $72,150).

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Answer:

Explanation:

it is always good to be prepared

Normally, the safety data sheet (SDS) for a product offered by Walmart will contain details regarding the risks associated with the product, including any potential physical risks or health impacts connected with its use or handling.

Additionally, it might contain details on the proper safety precautions or safeguards to use when utilizing the product, as well as first aid procedures to follow in the event of exposure or unintentional ingestion.

The SDS may also include details on the chemical makeup of the product, its characteristics, and any potential chemical interactions, as well as details on disposal and storage.

The specific information on the SDS will vary depending on the product in question and the laws governing its use and handling.

Here are some examples of the kinds of details you might discover on a safety data sheet:

A household cleaner might have a safety data sheet that details the product's chemical makeup, potential risks (including eye or skin irritation), and safety measures to take when using the product.

An SDS for a paint product may contain details on the chemicals used in the paint and any potential dangers.

An SDS for a product used in a laboratory setting may provide information on the possible health effects of the chemicals in the product and handling safety measures.

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the question is incomplete. the complete question is

What pieces of information will you find on the safety data sheet Walmart?

The statements that accurately depict trends in scandal data in the United States and the United Kingdom from 1800 to 2009 are:

A and D accurately describe the trends in the statistic of scandals in the US and UK from 1800 to 2009, according to the research by Professor Steve Toms. The frequency of scandals was declining between the late 19th century and the 1970s, but it has been increasing since the late 1970s. The number of reported financial frauds did not peak between the 1940s and 1970s, as option C suggests.

The frequency of reported financial frauds in the US and UK has increased since the late 1970s after a long period of decline from the late 19th century to the 1970s, according to research by Professor Steve Toms at Leeds University, who catalogued financial scandals from 1800 to 2009 by looking at the frequency with which words such as "fraud", "scandal" or "corruption" appeared in the local press.

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Answer:

Profit on 15,000,000 cans = £2 million

Explanation:

Given:

Sales price per can = £0.5

Variable cost per can = £0.1

Fixed costs per year = £4,000,000

Find:

Profit on 15,000,000 cans

Computation:

Profit on 15,000,000 cans = (Sales price per can)(15,000,000) - Fixed costs per year - (Variable cost per can)(15,000,000)

Profit on 15,000,000 cans = (£0.50)(15,000,000) - £4,000,000 - (£0.10)(15,000,000)

Profit on 15,000,000 cans = £7,500,000 - £4,000,000 - £1,500,000)

Profit on 15,000,000 cans = £2,000,000

Profit on 15,000,000 cans = £2 million

Answer:

Explanation:

Calculation to determine consolidated net income attributable to Chamberlain Corporation

Using this formula

Consolidated net income attributable to Chamberlain Corporation=[(Neville Revenues-Neville Expenses)+(Chamberlain Revenues-Chamberlain Expenses)- Annual excess fair-value amortization]-[(Neville Revenues-Neville Expenses)-Annual excess fair-value amortization*percentage of ownership in Neville.

Let plug in the formula

Consolidated net income attributable to Chamberlain Corporation=[($460,000-$328,000)+($784,000-$440,000)-$19,800]-[($460,000-$328,000)-$19,800*40%]

Consolidated net income attributable to Chamberlain Corporation=($132,000+$344,000-$19,800)-($132,000-$7,920)

Answer:

D, Inflation

Explanation:

Inflation is the general increase in prices and fall in the purchasing value of money

A country where the price of goods increases every year is experiencing inflation. Thus the correct option is D.

The term "inflation" refers to a situation where prices of products and services increase for a period of time, disrupting customer purchasing decisions owing to the high cost.

When the government stopped printing money, it indicated that there was a lack of currency flow and placed restrictions on new loans to raise the value of the currency. With inflation, currency value decreases.

Because it might result in a decline in a currency's purchasing power, inflation seeks to depreciate a currency. When the government raises the value of the currency, it shows that they are attempting to lower inflation by maintaining low prices for goods and services.

Therefore, option D is appropriate.

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Answer:

Operational

Explanation:

We are informed from the question about Leroy who manages the tellers at a branch of the Commerce Bank. He is working on the schedule for cashier coverage on payday this Friday. In this case Leroy is involved in Operational planning. Operational Planing can be regarded as a detailed plan of the organization which gives the clear picture of how departments/section of the organization will contribute so that the goals of the organization can be achieved. It maps out day to day activities that are needed in running the organization.

The term "cyclical unemployment" refers to job losses brought on by a recession or other similar economic slump.

The portion of overall unemployment that is specifically caused by cycles of economic expansion and contraction is known as cyclical unemployment. Typically, unemployment increases during economic downturns and decreases during boom times. One of the main reasons for studying economics and the objective of the numerous policy tools used by governments to boost the economy is to reduce cyclical unemployment during recessions. Cyclical trends in growth and production, as indicated by the GDP, that take place throughout the business cycle are what are meant by cyclical unemployment. Most business cycles eventually turn around, changing from a downturn to an upturn and then another downturn.

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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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Answer:

rain is most likley to follow

Explanation:

Answer:

e. Profits will be shared in the proportion specified in the partnership agreement.

Explanation:

Partnership agreement is the governing document of an partnership. The agreement consist of how profit will be shared and has been agreed right before the partnership contract become become binding. Thus, the fact that Juan does 70% of the work and Carl does 30% of work does not specifies nor idicate profit sharing. Also, the fact that Carl invested 60% of the money required to start the business does not specify profit sharing as well. The profit sharing agreement is in the partnership agreement.

An entrepreneur is an innovator in an economy who opens or operates a business because he wants to solve a problem that exists in an economy.

The role of the Human resource entrepreneur is to help the entrepreneurial activities that are ongoing in a business on the aspects of management.

They are to support the business in a way that would help to maximize performance for the business.

Some of the activities that they would help to do is that they help in the hiring of competent hands that would help the business.

The way that I would be able to help the business to solve a specific problem would be by hiring the competent hand that can do the job well.

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The revision of the sentences to unbury the verbs is:

This is an action or doing word which is used to show action and is one of the important parts of speech in the English language.

When a verb is buried, then the function in the sentence is unclear and obscure, but by placing them properly and changing the form in which they appear in the sentence.

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Working and sleeping are the activities that most spend time on so much.

Sleeping is a sedentary mental and physical condition. Changes in consciousness largely inhibited sensory activity, decreased muscle activity, and fewer interactions with the environment are its defining characteristics.

The Old Germanic verbs for sleeping are where the term "sleep" originates. It was known by the name "SLAF" in Old and Middle High German. The word's original meaning, which was connected to the word for "flabby," was "to slap" (not hard or firm).

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Explanation:

you can redeem a winning ticket from any type of lottery game to an authorized retailer when your prize is less than 600$

hope I helped

Based on the information given their preliminary cash balance is $9,300.

Using this formula

Preliminary cash balance= Beginning cash balance + cash receipts- cash payment -outstanding loan balance

Let plug in the formula

Preliminary cash balance=$6,000+$12,000-$7,200-$1,500

Preliminary cash balance=$9,300

Inconclusion their preliminary cash balance is $9,300.

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Answer:

10800

Explanation:

Answer:

A. Dr Salaries & Wages exp. $1,840,000

Dr Fed tax withheld & payable $450,000

Cr FICA Taxes withheld & payable $120,920

Cr Cash $2,169,080

B. Dr Employer's Tax expenses $112,920

Cr FICA taxes payable $120,920

Cr SUTA payable $4,800

Cr FUTA payable $3,200

Explanation:

a. Preparation of the journal entry for the salaries and wages paid.

Dr Salaries & Wages exp. $1,840,000

Dr Fed tax withheld & payable $450,000

Cr FICA Taxes withheld & payable $120,920

[($1,840,000-$320,000*7.65%)+($320,000*1.45%)]

Cr Cash $2,169,080

($1,840,000+$450,000-$120,920)

(Being net salaries and wages paid after holding taxes)

b. Preparation of the entry to record the employer payroll taxes.

Dr Employer's Tax expenses $112,920

($120,920-$4,800 -$3,200)

Cr FICA taxes payable $120,920

[($1,840,000-$320,000*7.65%)+($320,000*1.45%)]

Cr SUTA payable $4,800

($1,840,000-$1,440,000*1.2%)

Cr FUTA payable $3,200

($1,840,000-$1,440,000*.8%)

(Being employer's taxes made payable towards salaries & wages)

Answer:

how to communicate and the speaking with the co-workers is the answer

Explanation:

From the work habits and conduct of the moduleon it would be learned how to communicate and the speaking with the co-workers

Therefore as per the given situation, the above represent the answer and the same is considered and relevant

So how to communicate and the speaking with the co-workers is the answer

Following the innovation terminology used in the lecture and the textbook, Diamond Shreddies would best be described as an innovative company.

An innovative organization is one that ensures that every member of the organization is engaged in efforts to achieve its goals and reach its visions.

Innovative organizations are characterized by the following qualities:

Thus, following the innovation terminology used in the lecture and the textbook, Diamond Shreddies would best be described as an innovative company.

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Answer:

d swimming pool installer

Explanation:

Answer:

1. Dr Bad debts expense $9,240

C Allowance for Doubtful Accounts $9,240

2. Dr Bad debts expense $12,160

Cr Allowance for Doubtful Accounts $12,160

3. Dr Bad debts expense $13,780

Cr Allowance for Doubtful Accounts $13,780

Explanation:

Preparation of the adjusting entry to record bad debts expense assuming uncollectibles

1. Dr Bad debts expense $9,240

C Allowance for Doubtful Accounts $9,240

(308,000*3%)

2. Dr Bad debts expense $12,160

Cr Allowance for Doubtful Accounts $12,160

[(908,000+308,000)*1%]

3. Dr Bad debts expense $13,780

Cr Allowance for Doubtful Accounts $13,780

[($ 133,000*6%) + 5,800]

Answer:

Pepsi

Profit margin = Net Income / Sales

Profit margin = $6,736/$66,466

Profit margin = 10.13%

Asset turnover = Sales / Total assets

Asset turnover =  $66,466/$77,300

Asset turnover = 0.86

Equity multiplier = Total assets / Equity

Equity multiplier = $77,300 / ($77,300 - $53,143)

Equity multiplier = 3.20

Return on Equity = Profit margin * Asset turnover * Equity multiplier

Return on Equity = 10.31% * 0.86 * 3.20

Return on Equity = 0.2837312

Return on Equity = 28.40%

Equity = Total asset - Liabilities

Equity = $77,300 - $53,143

Equity = $24,157

Thus, the equity for PepsiCo is $24,157

Coca Cola

Profit margin = Net Income / Sales

Profit margin = $8449/$46,726

Profit margin = 18.08%

Asset turnover = Sales / Total assets

Asset turnover = $46726/$89902

Asset turnover = 0.52

Equity multiplier = Total assets / Equity

Equity multiplier = $88902 / ($88902 - $56900)

Equity multiplier = 2.72

Return on Equity = Profit margin * Asset turnover * Equity multiplier

Return on Equity = 18.08% * 0.52 * 2.72

Return on Equity = 0.25572352

Return on Equity = 25.60%

McDonald

Profit margin = Net Income / Sales

Profit margin = $5726/$28033

Profit margin = 20.43%

Asset turnover = Sales / Total assets

Asset turnover = $28033/$36599

Asset turnover = 0.77

Equity multiplier = Total assets / Equity

Equity multiplier = $36599 / ($36599 - $20671)

Equity multiplier = 2.30

Return on Equity = Profit margin * Asset turnover * Equity multiplier

Return on Equity = 20.43% * 0.77 * 2.30

Return on Equity = 0.3618153

Return on Equity = 36.20%