Marginal cost refers to the boom or lower withinside the value of manufacturing one greater unit or serving one greater customer.
The required details about Marginal cost is mentioned in below paragraph.
It is likewise referred to as incremental value. Knowing Marginal cost allows the enterprise to decide and give you an most excellent sales margin for maintaining income and growing profits. The marginal value of manufacturing is used to degree the alternate withinside the value of a product due to the manufacturing of a further unit of output.The quantity of marginal value varies consistent with the quantity of the best being produced. Economic elements that effect the Marginal cost include data asymmetries, effective and terrible externalities, transaction costs, and fee discrimination. Marginal cost isn't associated with constant costs.
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Analyse the effect of a rise in the price of tea on the demand for milk and the demand for coffee.
Due to the fact that tea and coffee are alternatives for one another, if the price of tea were to rise, so would the demand for coffee.
Effect of a rise in the price of tea:Products like tea and coffee are examples of substitute goods since they can be used in lieu of one another to satisfy a certain need. The price of a substitute good directly affects demand for a certain commodity. For instance, if the price of a replacement good (like coffee) rises, demand for the given commodity (like tea) will increase since tea will be comparably less expensive than coffee.
For instance, if the cost of tea is 20 rupees and the demand for coffee, a substitute, is 10 rupees. Currently, the price of tea is rising steadily by 30, 40, and 50 cents, while the demand for coffee is also rising steadily by 20, 30, and 40 cents.
If coffee and tea are comparable products and the price of coffee rises, people will drink less coffee and more tea. Tea will so become more popular as a result.
As a result, if the price of coffee rises, the price of tea will also increase (due to excess demand). Additionally, since tea is a coffee alternative, a rise in the price of coffee will also result in a rise in the demand for tea.
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Which of the following are NOT the methods to achieve a
Continuous Flow in your business process?
A Prepare for Production Takt vs. Consumer Takt
B Push Production
C CONWIP
D Kanban
E None of the given choices
The methods to achieve a Continuous Flow in your business process are none of the given choices among the following options.
What is the flow of business?The term company refers to an organization or business entity engaged in commercial, industrial, or professional activity. The purpose of an enterprise is to organize some kind of economic production (of goods or services). A business can be a for-profit or non-profit organization that serves a charitable mission or promotes a social cause. Companies vary in size and scale from sole proprietorships to large international corporations.The business also refers to the efforts and activities of individuals who produce and sell goods and services for profit.examples of business are:amazonappleMicrosoftWalmartto know more about business refer to
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kara is a lender who is working with prospective buyer, stan. what does kara ask sam to provide to show his work history and earning information?
Kara asks sam to provide Paystub to show his work history and earning information.
It permits the lender to verify the employment indexed at the applicant's mortgage application. Numerous parties have a function in finishing parts of the verification of employment form.
A mortgage Estimate is a three-web page form that you receive after making use of a mortgage. The Loan Estimate tells you vital details about the mortgage you have requested. The lender must offer you a mortgage Estimate within 3 enterprise days of receiving your utility.
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If a firm decides to eliminate a product line that produces a yearly net loss of $21000 its yearly net income
If a firm decides to eliminate a product line that produces a yearly net loss of $21000 its yearly net income A. will increase by $21,000 only if it can eliminate all of the fixed costs associated with that product line.
What happens when a company eliminates a loss-making product line?When a company eliminates a product line that has been making losses, they stand a chance to increase their net income by the amount of net losses that the product line was making.
However, they can only make this increase net income if and only if they can eliminate the fixed costs that the product line incurred because these costs would have been incurred already and would reduce net income unless eliminated.
Options for this question are:
A. will increase by $21,000 only if it can eliminate all of the fixed costs associated with that product line.B. will increase by $21,000 only if it can eliminate all of the variable costs associated with that product line.C. will automatically increase by $21,000.D. will decrease unless the firm can eliminate all of the fixed costs associated with that product line.Find out more on eliminating product lines at https://brainly.com/question/24278526
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11. Explain how numbers are sorted in consecutive numbering, terminal-digit numbering, and middle-digit numbering. (Obj. 5)
Consecutive numbering is used to organize the numbers from lowest to highest without interruption. The last few digits of a sequence are used in terminal-digit numbering to define the main key for sorting.
What is consecutive numbering?Generally, The term "consecutive numbers" refers to a series of numerical values that proceed one after the other without interruption in the ascending order of size. Examples of consecutive numbers include the following: 1, 2, 3, 4, 5, 6, and so on.
The use of consecutive numbering ensures that the numbers are presented in ascending order, starting with the lowest and working their way up to the highest.
In conclusion, When terminal-digit numbering is used, the primary key for sorting is determined by using the most recent few digits of a sequence.
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Mars's approach to social responsibility is best
described as:
A) Proactive
B) Accommodative
C) Defensive
D) obstructionist
Mars's approach to social responsibility is best described as: Proactive
What is viewed as moral way of behaving and exploitative way of behaving is quiz let?
Moral way of behaving is when individuals act in a decent, moral, fair, and legitimate way. Unscrupulous way of behaving is when individuals act in a terrible, corrupt, uncalled for, or unseemly way. Business morals characterize an organization's way of behaving as moral or dishonest.
Which moral standard looks at whether as a demonstration is predictable with people groups?
Moral relativism is the hypothesis that holds that profound quality is comparative with the standards of one's way of life. That is, whether an activity is correct or wrong relies upon the ethical standards of the general public in which it is rehearsed. A similar activity might be ethically right in one society however be ethically off-base in another.
What is the partner model of corporate social obligation?
The partner model of corporate social obligation contends that everybody has equivalent freedoms, and the genuine privileges of partners ought to restrict the activities of organizations. Strangely, this model perspectives investors not as proprietors yet rather as financial backers.
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How does the microeconomic environment affect your daily life? What can you do to live a better life after completing this course? What was your biggest “take-away” from our class?
The microeconomic environment affects your daily life as they talk about the demand and the supply of the commodity and the prices.
What is the microeconomic environment?The term "microeconomic environment" describes variables that have an impact on certain businesses or consumers. They don't impact the entire business, but they might have had an impact on certain businesses.
Businesses use microeconomics to determine their rates or other strategic choices. Customers' willingness to pay a certain price is dependent on the availability of a certain commodity, like a home or a class, as well because of how lot other people are capable of paying for it.
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The following merchandise transactions occurred during December for two different companies: Rippen
and Burnen. Both companies use a perpetual inventory system.
On December 3, Rippen Corporation sold merchandise on account to Burnen Corp. for $480,000, terms
2/10, n/30. This merchandise originally cost Rippen $320,000.
On December 8, Burnen Corp. returned merchandise to Rippen Corporation for a credit of $30,000.
Rippen returned this merchandise to inventory at its original cost of $20,000.
December 12, Burnen Corp. paid Rippen Corporation for the amount owed.
Required:
a. Prepare the journal entries to record these transactions on the books of Rippen Corpo
The accounting entries for Rippen Corporation is recorded as follows:
December 3,
DR Accounts Receivable (Burnen Corp.) $480,000
CR Sales $480,000
DR Cost of Goods Sold $320,000
CR Inventory $320,000
December 8,
DR Sales Return $30,000
CR Accounts Receivable $30,000
DR Inventory $20,000
CR Cost of Goods Sold $20,000
December 12,
DR Cash $441,000
DR Credit Discount $9,000
CR Accounts Receivable $450,000
What is Journal Entry?A journal entry is recorded for the transactions of a company in the relevant period, the entry that is recorded is also known as the double entry. These journal entries are then used to prepare T-Accounts, an then trial balance is made and ultimately income statement and balance sheet are made.
The transaction includes a discount of 2% as credit discount for the payment being made within 10 days.
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What’s the forecasted EBIT based on the information below? -
Revenues: 8,100
Cost of goods sold: 4,900
SG&A: 1,500
Depreciation: 400
Interest: 150
Taxes: 390
The forecasted EBIT based on the information given, equals to the amount of $1,300.
What is the meaning of Earnings before interest and taxes?In accounting, the earnings before interest and taxes refers to a company's net income before income tax expense and interest expenses are deducted, its also referred to as operating earnings, operating profit, and profit before interest and taxes. It is an indicator of a company's profitability. It is calculated as revenue minus expenses excluding tax and interest.
As a financial metrics, the earnings before interest and taxes is used to analyze the performance of a company's core operations without the costs of the capital structure and tax expenses impacting profit.
EBIT = Revenue − COGS − Operating Expenses
EBIT = 8100 - 4,900 - (1,500 + 400)
EBIT = 8100 - 4,900 - 1,900
EBIT = $1,300
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Assume the company’s tax rate is 23 percent.
Debt: 16,800 5.9 percent coupon bonds outstanding, $1,000 par value, 25 years to maturity, selling for 106.4 percent of par; the bonds make semiannual payments.
Common stock: 550,000 shares outstanding, selling for $81.75 per share; beta is 1.15.
Preferred stock: 21,500 shares of 4.15 percent preferred stock outstanding, currently selling for $91.30 per share. The par value is $100.
Market: 6.4 percent market risk premium and 2.9 percent risk-free rate.
What is the company's WACC?
The company's WACC (Weighted Average Cost of Capital) is 3.4%.
What is the Weighted Average Cost of Capital?The WACC (Weighted Average Cost of Capital) is the average rate that a company expects to pay to finance its assets.
The WACC includes all sources of financing, including common stock, preferred stock, bonds, and other forms of debt.
The WACC can be computed using the following formula: (weight of debt x after-tax cost of debt) + ( weight of common stock x cost of common stock) + (Weight of preferred stock x cost of preferred stock)
Debt:Tax rate = 23%
Market value = $16,800,000 (16,800 x $1,000)
Current market value = $17,875,200 ($16,800,000 x 1.064)
Maturity period = 25 years
Selling price = 106.4% of par
Bonds interest rate = 5.9% paid semiannually
Common Stock:Market value = $44,962,500 (550,000 x $81.75)
Beta = 1.15
Cost of equity = Risk-free rate of return + Beta * (market rate of return - risk-free rate of return)
= 2.9 + 1.15 x 6.4%
= 2.9 + 0.0736
= 2.9736%
Preferred Stock:Market value = $1,962,950 (21,500 x $91.30)
Rate = 4.15% (of $2,150,000)
Total market value of all financing = $64,800,650 ($17,875,200 + $44,962,500 + $1,962,950)
Weight of debt = 27.58% ($17,875,200/$64,800,650 x 100)
Weight of equity = 69.39% ($44,962,500/$64,800,650 x 100)
Weight of preferred stock = 3.03% ($1,962,950/$64,800,650 x 100)
WACC = (27.58% x 5.9% (1 - 23%) + (69.39% x 2.9736%) + (3.03% x 4.15%)
= (1.253 + 2.063 + 0.126)
= 3.442
= 3.4%
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12. A friend of yours is graduating college next month. He has had a credit card and student loans for the past few years, but he’s never bothered to check his credit report. B) Which sections of information in his credit report should he pay particular attention to given his situation?
It should be emphasized that a person's credit report is significant because it demonstrates their responsibility for repaying obligations.
A credit report is basically a thorough written account of a person's credit history. You can gain a better understanding of your current credit condition by checking your credit history and credit scores.
Checking your credit reports frequently might help you become more aware of what potential lenders might see. You can also find any erroneous or incomplete information by checking your credit reports.
I'll ask my pal to quickly check their credit report. The credit history of banks, credit card firms, etc. is displayed in the credit report. He should also pay attention to the account history section, which displays the balances, account status, and payment history.
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Question 12
Which of the following transactions may NOT be reflected on your account balance if you go online to check your balances?
O ATM cash withdrawal from yesterday
O Check that you mailed to your cousin for his birthday today
Automatic payment for your car loan paid two days ago
O Debit card transaction from purchasing snacks at a local convenience store today
Check that you mailed to your cousin for his birthday today may NOT be reflected on your account balance if you go online to check your balances.
What is account ?In accounting, an account refers to a general ledger record used to sort and store balances. For example, a company has a cash account that records all balances that increase or decrease the company's cash. In macroeconomics, a financial account is the component of a country's balance of payments that covers claims or liabilities to non-residents, particularly in relation to financial assets. Components of the financial balance include direct investments, portfolio investments and reserve assets, and are grouped by sector. Accounting & Finance examines money, business and management. Accounting refers to the analysis of information about various aspects of a business, whereas finance is concerned only with an organization's funds.To learn more about account from the given link :
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As James markets his bike tires to sporting goods manufacturers, what trade credit terms would be the most favorable to him, not the manufacturers?
Multiple Choice
Net 60
Net 30
Net 15
2/10, Net 60
2/10, Net 30
The trade credit terms that would be the most favorable to James and not the manufactures is Net 30.
What are the most favorable credit terms?The most favorable credit terms to a supplier are those that would see the purchaser pay what they owe, as soon as possible. The most favorable to the purchaser are those where they can take a while to pay, and still get a good discount.
In this case, James is a supplier to the sporting goods manufacturers and so the most favorable credit terms to him would be those with the shortest number of days which is Net 30.
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essence of macroeconomics in an economy
The main essence of macroeconomics in an economy are help to focus on the performance of economies based on changes in economic output, inflation, interest and foreign exchange rates and the balance of payments.
What do we know as macroeconomics?Basically, a macroeconomics means the branch of economics that studies how an overall economy such as markets, businesses, consumers, and governments generally behave. The branch "macroeconomics" examines an economy-wide phenomena such as inflation, price levels, rate of economic growth, national income, gross domestic product (GDP) and changes in unemployment.
In other way, it is also the branch of economics that deals with the structure, performance, behavior and decision-making of the whole, aggregate or full economy.
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Suppose that 17,000 is deposited for seven years awt 3% APR calculate the nearest interest earned if interest is compounded monthly round your answer to the nearest cent
The interest earned if 17,000 is deposited for 7 years with a 3% APR compounded monthly is $3,967,03.
What is the interest earned?If the account the money is deposited is compounded monthly, it means that both the amount that was deposited and the interest that has already accrued increases in value once a month over the seven years investment period.
The interest earned is the difference between the amount deposited and the future value of the money in the account.
Interest earned = future value - amount deposited.
The formula that can be used to determine the future value of the amount deposited is:
FV = P(1 + r)^(m x t)
Where:
FV = future value P = amount deposited r = interest rate = APR / number of compounding = 3% / 12 = 0.25%m = number of compounding = 12 t = number of years = 7FV = 17,000 x (1 + 0.0025)^(12 x 7)
FV = 17,000 x (1.0025)^84 = $20,967.03
Interest earned = $20,967.03 17,000 = $3,967,03
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please help me find the last part of this question please
1. The percentage improvement needed in the supply chain strategy to for profit to improve to $25,000 is a 25% decrease in supply chain cost so that material cost becomes $45,000.
2. A 15% increase in sales is required to generate a profit of $25,000, making the sales revenue to become $115,000.
How are the percentages determined?For the supply chain improvement, to increase profit to $25,000, Hau Lee must reduce the cost of materials to $45,000 ($60,000 - $15,000).
This cost reduction translates to a 25% cost improvement ($15,000/$60,000).
For the sales strategy, Hau Lee can apply the break-even analysis to compute the sales revenue with the target profit.
Hua Lee Furniture, Inc.
Income Statements Current % Projection 1 % Projection 2 %
Sales $100,000 100 $100,000 100 $115,000 100
Cost of materials 60,000 60 45,000 45 60,000 52
Production costs 20,000 20 20,000 20 20,000 17
Fixed costs 10,000 10 10,000 10 10,000 9
Profits $10,000 10 $25,000 25 $25,000 22
Projection 1:
Required improvement in dollars to make profit of $25,000 = $15,000 ($25,000 - $10,000)
Improvement translates to 25% ($15,000/$60,000).
Projection 2:
Required improvement in dollars to make profit of $25,000 = $15,000 ($25,000 - $10,000)
Contribution margin ratio = 30.4% ($35,000/$115,000 x 100)
Break-even Sales = Fixed Costs + Target Profit/Contribution margin ratio
= $35,000/30.4%
= $115,000
Improvement in sales strategy = 15% ($15,000/$100,000 x 100)
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In 100 words or fewer explain:
As a financial advisor, how will you get new clients?
As a client, how would you choose a financial advisor?
A financial advisor can get new client through the qualities and skills they posses and a client can choose a financial advisor when the client is satisfied that the financial advisor is someone that is qualified to give financial advises.
Who is a financial advisor?
A financial advisor is person whose job is to advice someone on how to effectively manage their resources as well as finances so as to prevent running into debt or financial mismanagement.
A financial advisor can tend to get a new client by advertising themselves or showcasing the type of skills they possess as well as how they can effective advice and help people to manage their finances.
A client can tend to choose a reliable financial advisor by checking whether the advisor is a professional or a person that is qualified to be a financial advisor as well as a verifying if the advisor is a person that can help to advice people on how to effectively manage their finances.
Therefore the a financial advisor help to advices people on how to manage their finances as well as investment.
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Your friend offers to pay you an annuity of $9,200 at the end of each year for 3 years in return for cash today. You could earn 5-5% on your
Select the correct answer.
Oa. $24,820.99
O b. $24,801.79
O c. $24,811.39
O d. $24,830.59
Oe. $24,792.19
O Icon Key
The most that should be paid for the annuity is $24,820.99
How to calculate the present value of an ordinary annuity?
Since the annuity of $9,200 will be paid at the end of each year, the most that should be paid for the annuity can be calculated using the formula for calculating the present value of an ordinary annuity as follows:
PV = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)
Where;
PV = Present value or the most you should pay for the annuity = ?
P = Annuity payment = $9,200
r = Interest rate on other investment = 5.5%, or 0.055
n = number of years = 3
Substitute the values into equation (1), we have:
PV = $9,200 * ((1 - (1 / (1 + 0.055))^3) / 0.055) = $24,820.99
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Your cell phone plan is $35.98/ month plus a utilities tax of 6.5% APR. During the year, you go 40 minutes over your plan at a rate of $0.35/ minute. How much do you pay for overages?
The owner of the cell phone will be responsible for paying $14.91 for the overages.
Why is there an excess?
The overage is the discrepancy between actual minutes used and estimated minutes used.
For instance, if the plan anticipates 4,000 minutes of phone usage annually, but the plan holder uses 4,010 minutes, the additional 10 minutes are considered overages.
Underages is the polar opposite of overages. The plan holder will receive a refund if the phone plan includes minors.
Overages typically incur a variable plan cost per minute.
Fixed monthly fee equals $35.98
Utility tax APR is 6.5 percent.
40 minutes is the overage.
Rate per minute of overage is $0.35
($0.35 x 40) = $14 is the total amount for the overage.
The overage interest equals $0.91 ($14 x 6.5%)
$14.91 ($14 + $0.91) is the total amount paid for the overages.
Thus, you will pay $14.91 for the overages if you exceed the plan by 40 minutes at $0.35 plus an APR of 6.5%.
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Periodically, customers of a financial services company are asked to evaluate the company's financial consultants and services. Higher ratings on the client satisfaction survey indicate better service, with 7 the maximum service rating. Independent samples of service ratings for two financial consultants are summarized here. Consultant A has 10 years of experience, whereas consultant B has 1 year of experience. Use
= 0.05
and test to see whether the consultant with more experience has the higher population mean service rating.
Consultant A Consultant B
n1 = 16
n2 = 10
x1 = 6.82
x2 = 6.26
s1 = 0.65
s2 = 0.75
(a)
State the null and alternative hypotheses.
H0:
1 − 2 > 0
Ha:
1 − 2 ≤ 0
H0:
1 − 2 = 0
Ha:
1 − 2 ≠ 0
H0:
1 − 2 ≤ 0
Ha:
1 − 2 = 0
H0:
1 − 2 ≤ 0
Ha:
1 − 2 > 0
H0:
1 − 2 ≠ 0
Ha:
1 − 2 = 0
(b)
Compute the value of the test statistic. (Round your answer to three decimal places.)
(c)
What is the p-value? (Round your answer to four decimal places.)
Answer:
after all
w and data pro is the best solution
Explanation:
assumption that you are a very important thing
The following merchandise transactions occurred during December for two different companies: Rippen
and Burnen. Both companies use a perpetual inventory system.
On December 3, Rippen Corporation sold merchandise on account to Burnen Corp. for $480,000, terms
2/10, n/30. This merchandise originally cost Rippen $320,000.
On December 8, Burnen Corp. returned merchandise to Rippen Corporation for a credit of $30,000.
Rippen returned this merchandise to inventory at its original cost of $20,000.
December 12, Burnen Corp. paid Rippen Corporation for the amount owed.
Required:
a. Prepare the journal entries to record these transactions on the books of Rippen Corpo
Which of these are long-term impacts of having a good credit history?
The lowest interest rates and costs for new loans and lines of credit are more likely to be available to you if you have a high credit score, and if you're looking for a mortgage, you may be able to save up to 1% in interest.
You have good credit if your credit score is high. You have terrible credit if your credit score is low. Scores for various businesses vary. Low scores are in the 300 range.
You are more likely to get approved for loans with the best terms, such as lower interest rates, larger loan amounts, and possibly fewer fees, the higher your credit score.
Your financial life depends heavily on your credit score. It is necessary for less obvious things like signing up for cellular phone service, renting a car, and possibly even landing a job, in addition to the more obvious ones like getting approved for a loan or credit card.
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What type of interest rates will a person with a credit score in the low to below 600 range be offered for a loan?
A. zero interest rates
B. will never get a loan
C. relatively high interest rates
D. relatively low interest rates
The relatively low interest rates interest rates will a person with a credit score in the low to below 600 range be offered for a loan.
So, if you're a borrower, the interest rate is the amount you pay for borrowing money, the expressed as a percentage of the entire loan credit amount. For example, if you borrow $100 at 5% interest, you will pay back $105 to the lender. The lender will earn by $5. Throughout your life, you may develop a variety of the interests. Every loan has its own interest rate, which is determines the total amount owed.
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Recruiting for field research will take a week longer than expected. However, Ria told you that the project end date is a hard deadline. What can you do?
Think of the triple constraint and remember that one of them will always have the priority. So if time is a constraint, what areas might Ria adjust to reduce
the time in the project? Write 2-3 sentences.
What do you think?
Your answer cannot be more than 10000 characters.
4. Situation 3
After the stakeholders are on the project scone Pis finde
Ria was able to adjust costs, and employ many recruitment techniques and new product ideas, technical constraints, and design considerations in order to speed up the project.
What is the time constraint in the project?Recruitment for field studies will take a week longer than expected. But Ria let you know that the project's completion date is a tight deadline. Note that given the 3 constraints, 1 of the 3 always takes precedence & she has Limited time only.In this case, a budget constraint is required to save costs.Additional ResourcesReduce project time and scope.Using Project Management ToolsTime is of the essence here. Various recruitment methods can be used to recruit within the limited time frame of field researchvirtual reality interviewsonline forums and social mediaembedding AI into websites such as LinkedIn.In this case, size is the limiting factor. Identify low-priority project components to make room for new product ideas, technical constraints, and design considerations.to know more about field study refer to:
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Which of the following duties is not a permitted activity for an unlicensed personal assistant?
a. Negotiate agreements regarding commission structuring.
b. Secure documents that are public information from the courthouse and other sources available to the public.
c. Have keys made for company listings.
d. Write advertisements and promotional materials with the approval of the licensee and supervising broker.
Negotiate agreement regarding commission structuring is not a permitted activity for an unlicensed personal assistant.
An unlicensed personal assistant would be permitted to host an open house while the licensed associate is showing another listing and try to negotiate an offer complete contract forms after the licensed associate has captured the important things like price and closing date show a property to a potential buyer when the licensed associate is busy and negotiate price and terms for their offer.
Unlicensed assistants cannot do licensed activities, such as negotiating, providing advise or signing contracts.Thus, option (a) is correct.
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In a manufacturing company, which budget is used as the basis for creating the direct materials budget, the direct labor budget, and the manufacturing overhead budget?
In a manufacturing company, the budget which is used as the basis for creating the direct materials budget, the direct labor budget, and the manufacturing overhead budget is the Production budget.
The materials budget is used to plan how many raw materials we will need to have on the side in order to meet our production targets. This budget is prepared in the same manner as the production budget, as the company must decide how much raw materials inventory to keep on hand at the end of each quarter.
The direct labor budget is basic. Firstly, we need to know how many units are needed from the production budget. Then, we need to know how many direct labor hours are required to complete one unit, as well as the cost per labor hour.
The manufacturing overhead budget is the final budget for manufacturing. It is developed in accordance with how the company allocates overhead.
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write 3-5 pages paper based on the below exercises from Mnagement prespective.
Assessing Your Attitudes toward Corporate Responsibility
Assessing Your Perspective on Ethics
Assessing Your Global Manager Potential
Assessing Your Career Vision and Plan
Assessing Your Core Skills Required for Strategic Planning
Assessing Your Decision-Making Style
Assessing Your Preferred Type of Organizational Culture
Assessing Your Person-Job Fit
Assessing How Adaptable You Are
Assessing Your Attitudes toward Teamwork
Assessing Your Readiness to Assume a Leadership Role
Assessing Your Communication Competence
Your outline should focus on the following questions:
What are my strengths? How will these strengths help me manage and work with others more successfully?
What are my weaknesses? How will these weaknesses, if not improved upon, get in my way of success?
What was I most surprised about in taking these assessments and why? What did I learn about myself that I did not know before taking the assessments?
How can I use this information going forward?
Formatting requirements:
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On October 29, Lobo Company began operations by purchasing razors for resale. The razors have a 90-day warranty.
When a razor is returned, the company discards it and mails a new one from Merchandise Inventory to the customer. The
company's cost per new razor is $14 and its retail selling price is $80. The company expects warranty costs to equal 8% of
dollar sales. The following transactions occurred.
November 11 Sold 50 razors for $4,000 cash.
November 30 Recognized warranty expense related to November sales with an adjusting entry.
December 9 Replaced 10 razors that were returned under the warranty.
December 16 Sold 150 razors for $12,000 cash.
December 29
Replaced 20 razors that were returned under the warranty.
December 31 Recognized warranty expense related to December sales with an adjusting entry.
January 5 Sold 100 razors for $8,000 cash.
January 17
Replaced 25 razors that were returned under the warranty.
January 31 Recognized warranty expense related to January sales with an adjusting entry.
Problem 9-4A (Algo) Part 4
4. What is the balance of the Estimated Warranty Liability account as of December 31?
Estimated warranty liability balance
Warranty expense is an exp-ense related to the re-pair, replacement, or compens-ation to a user for any product defects. A vendor or manu-facturer is committed to repair or rep-lace a sold product if it breaks or does not func-tion properly according to the ter-ms of the warranty.
Balance of estimated warranty expense on December 31, 2016
Particulars Amount
Warranty expense for November $320
Warranty expense for December $960
Less: Cost of replacement ($420)
( $140 + $280 ) (140 = 10 * 14)+ (280 = 20 * 14)
Estimated warranty liability $860
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what method of accounting does coca-cola company use
The coca cola company makes use of the equity method of accounting.
What is the equity method of accounting?A business uses the equity method as an accounting approach to record the earnings made by its investment in another business. The investor firm declares the revenue generated by the other company on its income statement using the equity method of accounting, in a proportional amount to the equity stake it has in the other company.
The net income of the invested firm raises the asset worth of the investor on their balance sheet while the invested company's net loss or dividend distribution lowers it.
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Describe one advantage and disadvantage of the PESTEL analysis for strategic planning.
Answer:
PESTEL is a very simple framework that involves external factors that act as a necessity for every business.
let's understand its advantages and disadvantages:
ADVANTAGE:
1. Widens Horizon: It helps business to widen its horizon in order to keep a count of future discrepancies and opportunities.
DISADVANTAGE:
2. Based on assumptions: anticipation makes it a time taken a process that might not even result to be fruitful in long run.