Answer:
These highlighted things could be non current assets that depreciated, huge loans and capital and drawings. Please justify your question more as I don't see a question.
if operating leverage is high, a small percentage increase in sales produces a (higher/lower) percentage increase in net operating income than if operating leverage is low. (enter either higher or lower.)
If operating leverage is high, a small percentage increase in sales can produce a much higher percentage increase in net operating income.
What is operating leverage?
A cost-accounting method called operating leverage assesses how much a company or project can raise operating income by raising revenue. A company with significant operating leverage creates sales with a high gross margin and low variable costs.
Split an entity's contribution margin by its net operating income to determine operating leverage. The contribution margin is calculated as sales less variable costs.
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on december 31, 2021, the ledger of hunter company contained the following account balances: cash $ 33,000 jessica hunter, drawing $ 26,000 accounts receivable 2,900 fees income 53,750 supplies 2,100 depreciation expense 2,750 equipment 26,000 salaries expense 17,000 accumulated depreciation 2,500 supplies expense 3,000 accounts payable 3,000 telephone expense 2,600 jessica hunter, capital 60,750 utilities expense 4,650 all the accounts have normal balances.
Based on the account balances of Hunter Company, the closing entry for revenue and expenses are shown below:
Date General Journal Debit Credit
Dec. 31 2021 Fees income $53,750
Income summary $53,750
Date General Journal Debit Credit
Dec. 31 2021 Income summary $30,000
Depreciation expense $2,750
Salaries expense $17,000
Supplies expense $3,000
Telephone expense $2,600
Utilities expense $4,650
How to make the closing entries?Closing entries aim to close off temporary accounts such as revenue and expenses. To close off the revenue account, the fees income account for service companies is debited by the income summary account.
The various expense accounts would then be sent to the income summary account. This happens why debiting those expense accounts and then crediting the income summary account.
In conclusion, expenses and revenue are closed to the income summary account.
Rest of the question is:
Record the closing entry for revenue and expenses.
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If a company’s inventory was destroyed by fire, but the accounting records were saved, the method that would probably be used to estimate the amount of inventory lost would be ________.
The method that would probably be used to estimate the amount of inventory lost if a company’s inventory was destroyed by fire but the accounting records were saved is gross profit method.
The gross profit method can be described as the estimate value of inventory by applying the company's historical gross profit percentage to current‐period information about the cost of goods available for sale and net sales. Gross profit equals net sales minus the cost of goods sold., so the formula of gross profit method is:
Gross Profit = Revenue – Cost of Goods Sold
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1. shane wanted to have a recording studio custom-built in his home. he sought estimates from several contractors. rory submitted the lowest estimate. shane called rory to ascertain the quality of the materials in the estimate and to find out if he could substitute a superior brand of acoustic tiles for the same price. rory said that he would have to check into the price difference. the parties also discussed a possible start date for construction. two weeks later, shane changed his mind and decided not to go forward with his plan of building a recording studio. rory filed suit against shane for breach of contract. a. did rory's estimate meet the requirements for an offer? why or why not? b. was there an acceptance of the offer by shane? why or why not? 2. bart owned 100 shares of a stock that was actively traded on a national stock exchange. bart offered the 100 shares to any of a group of six people in a conversation at a party. the offered price was $72.50 per share, the price at which the shares had closed that day. no one really responded to the offer at that time. ten days later when the shares were trading at $76.25, marie, one of the offerees at the party, appeared at bart's office saying that she accepted the offer. bart claimed the offer no longer was available. a. did bart make a valid offer? why or why not? b. explain whether you think marie has a valid claim for breach of contract against bart.
Law on Contracts refers to an agreement between two parties that have mutual obligations and who provide the agreed-upon consideration under the law, with the stipulation that the other party accept the consideration.
Which agreement between two parties is a contract?
Commercial agreement: Written business agreements serve as a record of the negotiations between parties addressing the commercial elements of goods or services. The agreements outline each party's responsibilities and the advantages they will receive as a result of the agreement.
What does a contract's "mutual obligation" mean?
The term "mutuality of obligation" refers to both the initial commitment to provide the task (and pay for it) and the ensuing commitment to complete it (and get paid for it). It's one of the primary criteria by which tax inquiries and employment tribunals can decide whether a contractor is an employee or not (and whether they owe any tax).
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an estate at will is: select one: a. a form of co-ownership. b. an inheritance of property by will. c. a tenancy of uncertain duration. d. a life estate.
An estate at will is c. a tenancy of uncertain duration.
In the field of business, an estate at will can be described as a procedure in which a person is allowed to occupy a property of someone with the permission of the owner.
The owner might be taking money or some other benefit in exchange for letting the other person use his property.
The tenancy of an estate at will is set for an uncertain duration and it can end by the mutual consent of the owner and the person occupying his property.
Both the owner, as well as the one using the occupation of the owner, benefit from an estate at will.
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you have the choice of two equally risk annuities, each paying $5,000 per year for 8 years. one is an annuity due and the other is an ordinary annuity. if you are going to be receiving the annuity payments, which annuity would you choose to maximize your wealth?
You have the option of two equally risk annuity, each paying $5,000 per year for 8 years. The is an annuity due and the other is an ordinary annuity. If you are going to be receiving the annuity payments, the annuity due would you choose to maximize your wealth.
What is an Ordinary Annuity?
An ordinary annuity is a series of equal payment made at the end of consecutive periods over a fixed length of time. An standard annuity's payments can be paid as frequently as weekly, although in reality they are typically made monthly, quarterly, mid-annually, or yearly. An annuity due is the reverse of a Ordinary annuity in that payment are issued at the start of each period. Although they are connected, these two payments schedules differ from the financial instrument known as an annuity.
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The introduction of the dvd-by-mail business model by netflix changed the video rental business and caused the demise of blockbuster video. This is an example of ______.
The introduction of the DVD-by-mail business model by Netflix changed the video rental business and caused the demise of blockbuster videos. This is an example of disruptive innovation.
Disruptive innovation, according to business theory, is an innovation that establishes a new market and value network or enters a market from the bottom and eventually supplants long-established market-leading companies, goods, and alliances. The process by which a smaller company typically one with fewer resources moves upwards and competes with more established, larger companies is known as disruptive innovation.
Because it revolutionized how individuals receive their daily fix of entertainment, Netflix is disruptive innovation. Everyone wanted to switch from their traditional TV channels and DVD movies, so the arrival of affordable rates, HD quality, and new perspectives on TV shows made that possible.
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Corrie bought a new flat screen 70 inch television and a speaker system from a local electronics store on credit. The store will charge 12% per year compounded monthly. Their monthly payments are $174. 80 for 3 years. What is the cash price of her purchase?.
The situation can be seen as present value of an annuity and therefore, the cash price is $5262.79.
The situation can be solved using present value of annuity, given by the formula:
PV = C . [1 - (1+i)⁻ⁿ] / i
Where:
C = payment per period
i = interest rate per period
n = number of periods
Parameters from the problem:
C = $174. 80
Annual interest = 12%, hence,
i = monthly interest = 0.12/12 = 0.01
n = 12 x 3 = 36
Plug the parameters into the formula:
PV = 174.8 × [1 - (1.01i)⁻³⁶] / 0.01
PV = 5262.79
Thus, the cash price of Corrie's purchase is $5262.79
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megan, the marketing manager for boot hill wants to export the company’s line of fashion boots to an eu country. however, she discovers that there is a complete restriction on the import of any form of leather into that country. this is an example of
This scenario of Megan, the marketing manager is an example of a boycott.
The required details about the marketing manager are mentioned below.
Managers of marketing oversee advertising campaigns for companies and goods. Marketing managers work to increase awareness of your product or service and bring in new clients by creating appealing stories and running strategic campaigns.
It is advantageous to have a broad variety of marketing experience for this mid-level position. Marketing managers frequently organize and handle a wide range of tasks, including product launches, advertising, email campaigns, events, and social media. Additionally, you will develop marketing initiatives and campaigns, work cross-functionally, and produce marketing metrics reports.
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the performance section of principles underlying an audit conducted in accordance with gaas states that the auditor is unable to obtain absolute assurance that the financials are free of material misstatements because of inherent limitations which arise from all of the following except:
The presentation of the financial statements based on GAAS.
In a broad sense, an audit is an evaluation activity of an organization, from its systems, processes, to its products. The audit is usually carried out by a competent, objective, and impartial auditor. In general, the purpose of the audit itself is to verify that the data evaluated by the audit is in accordance with applicable standards, regulations, and practices.
Meanwhile, in the business world, auditing is better known for its role as financial statements carried out by public accountants in assessing whether or not a presentation of financial statements has been made by the company with reference to legally valid accounting principles.
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kubin company’s relevant range of production is 20,000 to 23,000 units. when it produces and sells 21,500 units, its average costs per unit are as follows: average cost per unit direct materials $ 8.00 direct labor $ 5.00 variable manufacturing overhead $ 2.50 fixed manufacturing overhead $ 6.00 fixed selling expense $ 4.50 fixed administrative expense $ 3.50 sales commissions $ 2.00 variable administrative expense $ 1.50
1 ) Variable cost per unit If 20,000 units are produced and sold is $19.00
2) Variable cost per unit If 23,000 units are produced and sold is $19.00
3) Total amount of variable cost if 20,000 units are produced and sold is
$380,000
What is variable cost?Variable and fixed costs make up the majority of any business's overall expenses. The production output or sales determine variable costs. The production's variable cost is a fixed sum for each unit made. Variable costs will rise if output & production volume do as well. In contrast, when fewer products are produced, the production's variable costs correspondingly fall.
1 ) Variable cost per unit If 20,000 units are produced and sold
Variable cost per unit = Direct materials + Direct labor + Variable manufacturing overhead + Sales commissions + Variable administrative expense
Variable cost per unit = $ 8.00 + $ 5.00 + $ 2.50 + $ 2.00 + $ 1.50
Variable cost per unit = $19.00
2 ) Variable cost per unit If 23,000 units are produced and sold
Variable cost per unit = Direct materials + Direct labor + Variable manufacturing overhead + Sales commissions + Variable administrative expense
Variable cost per unit = $ 8.00 + $ 5.00 + $ 2.50 + $ 2.00 + $ 1.50
Variable cost per unit = $19.00
3 ) Total amount of variable cost if 20,000 units are produced
Total amount of variable cost = No. of units produced and sold * Variable cost per unit
Total amount of variable cost = 20,000 × $19.00
Total amount of variable cost = $380,000
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Full question
Kubin Company's relevant range of production is 20,000 to 23,000 units.
When it produces and sells 21,500 units, its average costs per unit are as follows:
Amount per Unit
Direct materials $ 8.00
Direct labor $ 5.00
Variable manufacturing overhead $ 2.50
Fixed manufacturing overhead $ 4.00
Fixed selling expense $ 4.50
Fixed administrative expense $ 3.50
Sales commissions $ 2.00
Variable administrative expense $ 1.50
Required:
1. If 20,000 units are produced and sold, what is the variable cost per unit produced and sold? 2. If 23,000 units are produced and sold, what is the variable cost per unit produced and sold? 3. If 20,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold?
may be necessary because acquisitions create a situation in which the newly formed firm has excess capacity in organizational functions such as sales, manufacturing, distribution, and human resource management.
Downsizing may be necessary because acquisitions create a situation in which the newly formed firm has excess capacity in organizational functions such as sales, manufacturing, distribution, and human resource management.
What is downsizing?A layoff or downsizing is the temporary moratorium or permanent termination of an employee's or, more typically, a group of employees' employment for business reasons such as personnel management or reducing a company.
It is to be noted that some of the methods of downsizing are;
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Full Question:
__________ may be necessary because acquisitions create a situation in which the newly formed firm has excess capacity in organizational functions such as sales, manufacturing, distribution, and human resource management.
a. Management buyout
b. Leveraged buyout
c. Downsizing
d. Downscoping
Imagine that you are the hiring manager at a corporation like ge, with businesses in the healthcare, renewable energy, and operations data fields. Which basic building block of structure would you use as you scale down on managerial positions and scale up on engineering positions?.
Entrepreneurship is the act of starting a business with the intention of making a profit.
An entrepreneur is a person who chooses to accept the risk of founding a new business. Entrepreneurship is the process of combining labor and capital to generate goods or services for a profit.
The risk of doing something novel is taken on by entrepreneurs. Entrepreneurship is defined as the act of starting and running a new business while taking calculated risks in the corporate world. In other words, it has to do with your ability to plan and arrange.
They encourage new employment by developing new goods and services, which eventually accelerates economic growth. As a result, it is essential to implement governmental policies that support and promote entrepreneurship.
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when allocating fixed manufacturing overhead cost to units under absorption costing, the total fixed overhead costs must be divided by the number of units
when allocating fixed manufacturing, overhead cost to units under absorption costing, the total fixed overhead costs must be divided by the number of units produced.
What is overhead cost?Overhead costs can be described as those costs that is been incurred when the company is in the process of manufacturing a a particular product.
It should be noted that this cost is very important in the process of running the company so that they remain in the business and also make the profit they all desire in the process.
In the process of creating the product, the cost do cover the expenses such as the labor as well as the materials that i needed in the production of the goods that the company is about to sell .
In conclusion, the total fixed overhead will be divided by the number of the unit of the product and this is the way that the over head cost will be created by the company.
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Check the complete question below:
when allocating fixed manufacturing overhead cost to units under absorption costing, the total fixed overhead costs must be divided by the number of units-------------
carrie, a white employee, alleged that she was forced to leave her job for refusing to follow her employer's discriminatory practices against asian employees.
Carrie, a white employee, alleged that she was forced to leave her job for refusing to follow her employer's discriminatory practices against Asian employees. Carrie had a valid claim on title VI of the Civil Rights Act of 1964.
The Civil Rights Act of 1964 is a landmark civil and labor law that prohibits discrimination based on race, color, religion, sex and national origin.
The Civil Rights Act of 1964 prohibits discrimination based on race, color, religion, sex, or national origin. This Civil Rights Act provision prohibits discrimination based on gender and race in hiring, promotion, and termination.
The result was the Civil Rights Act of 1957, the first civil rights act since Reconstruction. The new law created the Department of Justice's Civil Rights Division and empowered federal prosecutors to seek injunctions against interference with voting rights.
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why conflict may arise between different business stakeholders
The reason conflict may arise between different business stakeholders is : Remuneration or salary.
Who is a stakeholder?A stakeholder can be defined as workers or employee who ensures that the day to day operation of a business are run smoothly and this people tend to have the interest of a company or an organization at mind because they want the company in which they work to succeed or to achieve their sets goals and objectives.
Every companies or organization needs a stakeholder based on the fact that a company cannot solely run on its own without a stakeholder.
The major reason why a conflict may arise between different business stakeholders is salary based on the fact that some business owner aim is to make profit without paying a goods salary to their workers as every worker desire to earn a goods salary after putting in their best to ensure that a business succeed.
On the other hand some company tend to make good profit and as well pay their worker a good salary so as to motivate them.
Therefore we can conclude that conflict between a business owner and a stakeholder can occur as a result of poor salary or wages.
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in the terminology of the barringer/ireland business model template, a key asset is a specific factor or capability that supports a firm's business model and sets it apart from its rivals.
In the terminology of the Barringer/Ireland business model template, core competency a key asset is a specific factor or capability that supports a firm's business model and sets it apart from its rivals.
This is further explained below.
What is the firm's business model?Generally, The strategy that an organization implements in order to generate revenue is referred to as its "business model."
It describes the goods or services the company intends to provide for sale, the market segment that has been chosen as its primary focus, and any expenditures that are expected.
In conclusion, It is essential for startups as well as existing companies to have solid business models.
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CQ
in the terminology of the Barringer/Ireland business model template,_____ a key asset is a specific factor or capability that supports a firm's business model and sets it apart from its rivals.
(a) primary capability
(b) core competency
(c) essential asset
(d) staple proficiency
(e) key aptitude
The interest rate for an auto loan is actually 8% instead of 4%. Will this increase or decrease the demand for new cars? Why?
The increase in interest rate on auto loans would decrease the demand for new cars. This is because the cost of the auto loans have increased and this would discourage people from buying new cars.
What is the impact of the change in interest rate?Auto loans and new cars can be described as complement goods. Complement goods are goods that are used together. Most people can finance the purchase of new cars by themselves so they rely on auto loans.
When the interest rate on auto loans increase, the cost of borrowing increases. This discourages people from using auto loans. This would lead to a decrease in the demand for both auto loans and new cars. If shown on a graph, the demand curve for auto loans and new cars would shift to the left.
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you work for a software development company as the chief marketing officer. you have market research teams, design teams, and sales teams in different locations around the globe. you communicate regularly with supervisors and team leads; however, you would like to create a more direct line of communication with all of the employees in your department. you want to streamline how your department receives information from you and allow employees to share comments publicly on your updates. you would like to schedule a meeting to discuss how to best facilitate this.
Broadcast, communicated, saved, or watched via electronic devices, such as computers, phones, email, and video, is referred to as an electronic communication. The electronic communications tool would I recommend is Email.
What is meant by electronic communications?Any kind of communication that is broadcast, communicated, saved, or watched via electronic devices, such as computers, phones, email, and video, is referred to as an electronic communication. But each has a particular purpose and is more appropriate in certain circumstances.
Saves time and money while communicating electronically. For instance, text SMS is less expensive than a regular letter. Instantaneous feedback exchange is made possible via electronic communication. Consequently, using electronic means to communicate becomes optimal.
Any kind of communication that is broadcast, communicated, saved, or watched via electronic devices, such as computers, phones, email, and video, is referred to as an electronic communication. But each has a particular purpose and is more appropriate in certain circumstances.
The electronic communications tool would you recommend is Email.
The complete question is:
You work for a software development company as the chief marketing officer. You have market research teams, design teams, and sales teams in different locations around the globe. You communicate regularly with supervisors and team leads; however, you would like to create a more direct line of communication with all of the employees in your department. You want to streamline how your department receives information from you and allow employees to share comments publicly on your updates. You would like to schedule a meeting to discuss how to best facilitate this.
Which electronic communications tool would you recommend?
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The Team meeting with the The meeting with the marketing team will be more productive. This section will explain what you should cover each time your marketing team meets, whether it is weekly or monthly. We also recommend creating a slide deck to show your team at each meeting so that everyone can keep track of each agenda item.
What exactly is a team meeting?A team meeting is defined as a scheduled conversation in which employees discuss a specific topic or list of topics that should be outlined on the meeting leader's pre-planned agenda.
The primary goal of a team meeting is to efficiently share information while also providing opportunities for discussion about what is shared. A good team meeting helps teams align on the topics of discussion, air any concerns or obstacles, and plan for the future.
Team meetings that are effective allow groups to discuss complex issues and brainstorm ideas and solutions. It is easier and faster to discuss project issues with many variables in a meeting. Effective team meetings enable teams to reach consensus faster than emails ever could.
Hence, the marketing team meeting will be more fruitful.
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a financial services company recently launched an initiative to improve the security of its aws resources and it had enabled aws shield advanced across multiple aws accounts owned by the company. upon analysis, the company has found that the costs incurred are much higher than expected.
Consolidated billing isn't enabled. All AWS accounts should be subject to a single consolidated billing in order for the monthly fee to be charged only once.
What exactly is AWS consolidated billing?
Consolidated billing in AWS Organizations allows you to combine invoicing and reimbursement for multiple AWS accounts or numerous Amazon Internet Services Pvt. Ltd (AISPL) accounts. Each entity in AWS Organizations has a management account that covers all of the member accounts' charges.
The benefit is that you only have to pay one bill for all of your organization's AWS accounts. It facilitates cost tracking. Discounts that are shared across accounts. The maximum number of accounts allowed per organization is four.
Here is the complete question-
A financial services company recently launched an initiative to improve the security of its AWS resources and it had enabled AWS Shield Advanced across multiple AWS accounts owned by the company. Upon analysis, the company has found that the costs incurred are much higher than expected.
Which of the following would you attribute as the underlying reason for the unexpectedly high costs for AWS Shield Advanced service?
A. AWS Shield Advanced is being used for custom servers, that are not part of AWS Cloud, thereby resulting in increased costs
B. Consolidated billing has not been enabled. All the AWS accounts should fall under a single consolidated billing for the monthly fee to be charged only once
C. AWS Shield Advanced also covers AWS Shield Standard plan, thereby resulting in increased costs
D. Savings Plans has not been enabled for the AWS Shield Advanced service across all the AWS accounts
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read the following statements to select which one is accurate regarding the use of social media in market segmentation. as compared to traditional segmenting techniques, it is easier to know exactly how to engage consumers on social networking sites. social media is most helpful in reaching out to older americans and senior citizens. social media is not very helpful in segmenting markets, but it can be a useful tool for marketers once the market has already been segmented. by segmenting the market by those who are active on social media, companies can connect with a larger and more diverse consumer base. as of yet, social media has not been proven to be an effective tool for segmenting markets.
Demographic segmentation is one of the most commonplace bureaucracies. It refers to splitting up audiences primarily based on observable, people-based totally differences.
Those qualities include such things as age, sex, marital repute, family length, profession, education stage, profits, race, nationality, and religion.
The 4 simple kinds of marketplace segmentation are:
Demographic.
Psychographic.
Geographic.
Behavioral.
Social media segmentation is the manner of breaking down and organizing your target audiences based on shared characteristics like demographic records, behavioral conduct, and geographic location.
This makes it less complicated to create commercials that are extra targeted to the pursuits of a particular target audience.
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Help please 70 points and will mark brainliest!!!
Answer:
20th August 2021
Wikipedia
nestle
Answer:
e
Explanation:
it makes the most sense
in the past, peter kelle's tire dealership in baton rouge sold an average of radials each year. in the past 2 years, and , respectively were sold in fall, and in winter, and in spring, and and in summer. with a major expansion planned, kelle projects sales next year to increase to radials.
Demand will be 336 for the upcoming summer.
By sales, what do you mean?Any exchange of goods or services for money or other assets, between two or more parties, is referred to as a sale. A sale in the financial markets is an agreement between a buyer and a seller that covers the cost of a security and its delivery for predetermined payment.
To determine the demand for each sale, we must first determine the average sale for each season, which is displayed below:
Fall average sale= (240 + 260) ÷ 2 = 250
Winter sales on average = (340 + 300) ÷ 2 = 320
Springtime average sale= (140 + 160) ÷ 2 = 150
Average summer sales = (320 + 240) ÷ 2 = 280
Demand for the upcoming fall = (250 ÷ 1,000) × 1,200 = 300
Demand for the upcoming winter = (320 ÷ 1,000) × 1,200 = 384
Demand for the spring = (150 ÷ 1,000) × 1,200 = 180
Demand for the upcoming summer = 1,200 - (300+384+180) = 336
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The correct question is:
In the past, Peter Kelle's tire dealership in Baton Rouge sold an average of 1 comma 000 radials each year. In the past 2 years, 240 and 260, respectively were sold in fall, 340 and 300 in winter, 140 and 160 in spring, and 320 and 240 in summer. With a major expansion planned, Kelle projects sales next year to increase to 1 comma 200 radials. Based on next year's projected sales, the demand for each season is going to be (enter your responses as whole numbers):
the highest level of management is blank and consists of the president and other key company executives who develop strategic plans and have overall responsibility for the organization.
The highest level of management is top level management: and consists of the president and other key company executives who develop strategic plans and have overall responsibility for the organization. A top-level manager is an executive-level professional who is in charge of developing and carrying out organizational strategies and policies.
They serve as the middleman in negotiations between upper- and lower-level management. The highest-ranking executive and primary decision-maker in a corporation organization is the Chief Executive Officer (CEO). The president is a senior executive who typically serves as the CEO's deputy. The CEO, chairman of the board of directors, and other top-level managers are included.
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Nestor company uses the periodic inventory system. Its purchases for the most recent year were $72,000, ending inventory was $18,000, and the cost of goods sold was $112,000. How much inventory was in stock at the beginning of the year?.
To find out opening inventory first deduct purchases from ending inventory, and then deduct this sum from cost of goods sold. $112,000 - ($72,000 - 18,000) = $58,000
A crucial and frequently used phrase for organisations dealing with commodities and products is inventory or stock. All products, commodities, and supplies that a business has on hand for sale are included in its inventory.
Inventory at a production plant consists of raw materials on hand, semi-finished commodities in the plant and warehouse, and finished goods that are ready for sale.
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of a company is its current assets, less current liabilities, that a firm uses to produce goods and services and to finance the extension of credit to customers.
Working capital is the current asset less current liability of a company that is used to produce goods and services.
Working capital is the amount of money that businesses require to manage their day-to-day expenses such as production of goods and services, paying operating charges, payment of trade payables etc. Working capital simply indicate the financial health of the company. If a company is having sufficient amount of working capital, it will be able to manage properly its activities if not then lack of sufficient working capital can cause problems.
Working capital can assist in smooth out income volatility. Many firms experience seasonal variation in sales, with some months selling significantly more than others. A company with adequate working capital can make additional purchases from vendors to begin preparing for crowded months while trying to meet its payment commitments all through periods of reduced revenue.
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Working capital is the current asset less current liability of a company that is used to produce goods and services.
Working capital is the amount of money that businesses require to manage their day-to-day expenses such as production of goods and services, paying operating charges, payment of trade payables etc. Working capital simply indicate the financial health of the company. If a company is having sufficient amount of working capital, it will be able to manage properly its activities if not then lack of sufficient working capital can cause problems.
Working capital can assist in smooth out income volatility. Many firms experience seasonal variation in sales, with some months selling significantly more than others. A company with adequate working capital can make additional purchases from vendors to begin preparing for crowded months while trying to meet its payment commitments all through periods of reduced revenue.
The complete question is here:
------------ of a company is its current assets, less current liabilities, that a firm uses to produce goods and services and to finance the extension of credit to customers.
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during the current year, nordsom corp. increased its warranty accrual by $30,000 based upon recent experiences with product returns resulting from manufacturing defects originating last year, but not discovered until this year.
Nordsom Corp. increased its warranty accrual by $30,000 in 2020, based on recent experiences with product returns caused by manufacturing defects that occurred in 2019 but were not discovered until 2020. Accounting estimate modification / prospective treatment.
What is Product returns?A product return in retail is the process of a customer returning previously purchased merchandise to a retailer and receiving a refund in the original form of payment, an exchange for another item, or a store credit. Unmet expectations, damaged or defective products, and incorrect fit are the most common reasons for purchase returns. Any of these issues could be the result of merchant failures or events over which the merchant had no control. A returns policy specifies the conditions under which a customer may return a product for cash, exchange, or store credit, as well as how the merchandise should be packaged and shipped to the manufacturer or seller.To learn more about Product returns, refer to:
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Eastern Motors Auto Dealership wanted to estimate the average CLV over a 5 year time horizon of a customer who purchases a new vehicle. The average vehicle sells for $25,148 and has a margin of 8%. Based on historical averages, 89 of people buying a new vehicle at Eastern will return for service 7 times over the next 5 years. Though it varies considerably, Eastern generates approximately $96 in margin on each service visit after accounting for parts and direct labor costs.
Not including service, what is the average dollar margin for each new vehicle sold?
The total estimated CLV over a 5 year time horizon for someone who purchases a new vehicle at Eastern Motors is $2,609.92
Given,
Year time horizon = 5 year
Average vehicle sells for = $25,148
Margin = 8%
So, margin on selling vehicle = Average vehicle selling price * Margin = $25,148 * 8% = $2,011.84
Margin generated by 89% of people who return for service over 5 years = Number of times * Margin generated on each service = 7 * $96 = $672
Total estimated customer lifetime value (CLV) at Eastern Motors = Margin on selling vehicle + (Margin generated by 89% of people who return for service over 5 years * 89%) +
(Margin generated by 226% of people who do not return for service over 5 years * 22%) = $2,011.84 + ($672 * 89%) + ($0 * 22%) = 2,609.92
Hence, the total estimated CLV over a 5 year time horizon for a person who purchases new vehicle at Eastern Motors is $2,609.92
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bond market values are expressed as a percentage of their par (face) value. for example, a company's bonds might be trading at 103, which means that they can be bought or sold for of their par value. multiple choice question. 0.103% 103% 10.3% 100.3%
rafia owns stocks of 15 different companies. together, the stocks have a value of $78,640. twelve percent of that total value is from one company, gambrell
The twelve percent figure of that total value is from one company, Gambrell & Valdez is called as portfolio weight. In economics, a portfolio weight can be described as the percentage of an investment portfolio that a particular holding.
The weight of a portfolio also can be defined as the simply the percent of an investment portfolio that is held by a single asset. To determine the portfolio weight we can divided dollar value of a security by the total dollar value of the portfolio.
Rafia owns stocks of 15 different companies. Together, the stocks have a value of $78,640. Twelve percent of that total value is from one company, Gambrell & Valdez. The twelve percent figure is called a(n):
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