Rheinhold is likely using the percentage of sales approach, which is used to budget advertising expenses according to a fixed percentage based on a budget period.
The percentage of sales approach occurs when each expense for a past or current period is converted as a percentage of net sales and applied at the forecast sales level.
Therefore, while this is an effective method for advertising budgets, the percentage of sales can be based on fixed expenses and balance sheet items that do not correlate with sales.
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Revenues were $1,000,000, Cost of Goods Sold was $750,000, and Net Income was $120,000. Net profit margin equals ______.
The net profit margin is 12%
The parameters given in the question are
Revenue= $1,000,000
Cost of goods sold= $750,000
Net income= $120,000
Net profit margin= Net income/revenue × 100
= 120,000/1,000,000 × 100
= 0.12 × 100
= 12 %
Hence the net profit margin is 12%
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which primary function of management is concerned with ensuring the right things happen at the right time in the right way?
The primary function of management which is concerned with ensuring the right things happen at the right time in the right way is:
PlanningAccording to the given question, we are asked to show the primary function of management which is concerned with ensuring the right things happen at the right time in the right way and how it affects management decisions and outcomes.
As a result of this, we can see that management is the act of being in charge of the various processes which are involved in an organization.
There are four main functions of managers in a management process which includes:
PlanningOrganizingLeadingControllingThe planning function is in charge of making sure that the right things are done at the right time.
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Which statement best describes the relationship between credit and debt
when you use a credit card?
A. Your debt decreases as you use your credit card more.
B. Your credit decreases as you lower your debt.
C. Your credit stays the same as you lower your debt.
D. Your debt increases as you use your credit card more.
Answer:
D. Your debt increases as you use your credit card more
When you make a purchase something with a credit card, you are borrowing money from someone else. This puts you in debt. You will build up more debt from purchases until you pay the total amount due.
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Your debt increases as you use your credit card more is the statement best describes the relationship between credit and debt when you use a credit card. Thus, option (d) is correct.
What is credit card?
A bank will issue plastic or metal "credit cards" as forms of payment. When using a credit card, also known as a payment card, charges are made against a line of credit instead of the account holder's cash deposits. The credit card is more convenient as compare to cash.
By using credit card more frequently, the debt grows. They must pay the minimum amount due on credit card each month by the balance's due date in order to use one, at least.
Therefore, option (d) is correct.
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describe one way in which consumers depend on producers
According to the article, why might employers want to ensure that they have cause when terminating an employee?
Reasons to terminate an employee is because of sexual harrasment, Drug or alchohol use, damaging company property, or unethical behaviour and service.
In 2020, Erin (38) contributed $2,000 to a traditional IRA. She will use the single filing status, and her modified adjusted gross income (MAGI) is $31,000, all from wages. Erin has never taken a distribution from any retirement account. She is potentially eligible for a retirement savings contributions credit (Saver's Credit) of up to:
Based on the information given she is potentially eligible for a retirement savings contributions credit (Saver's Credit) of up to: $200.
The minimum threshold for single filing status is $31,500 threshold but based on the information given we were told that Erin modified adjusted gross income (MAGI) is $31,000 which is lower than $31,500.
Based on this Erin credit rate is 10% of the amount she contributed to the traditional IRA, which mean that she is eligible for a Saver's Credit of up to $200 calculated as:
Saver's Credit=$2,000×10%
Saver's Credit =$200
Inconclusion she is potentially eligible for a retirement savings contributions credit (Saver's Credit) of up to: $200.
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True or false: Manufacturer's reps help small firms, or firms expanding into new markets, achieve extensive sales coverage without having to pay for full-time personnel. True false question. True False
According to business strategy, it is true that manufacturer's reps help small firms or firms expanding into new markets achieve extensive sales coverage without having to pay for full-time personnel.
This is because a manufacturer's rep is responsible for making sales on products made by the manufacturer.
However, while manufacturer's reps help small firms to expand through sales, they only get paid based on commission.
By getting paid based on commission, Manufacturers' reps won't pay full-time.
Hence, in this case, it is concluded that the correct answer is "True."
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depreciation expense and amortization expense represent ______ items requiring adjustments to net income under the indirect method.
Based on the information depreciation expense and amortization expense represent non-cash items.
Non-cash items has to do with expense that does not involve paying cash.
Depreciation expense and amortization expense are non cash item as no cash payment is involve.
Although this expense may be included in a company profit or loss account or net income but they do not have effect on a company cash flow.
Non cash item like depreciation expenses and amortization expense often have effect on a company overall net income.
Inconclusion depreciation expense and amortization expense represent non-cash items.
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Activities
- Pay Vendors
- Evaluate Vendors
- Inspect raw materials
- Plan for purchases of raw materials
Cost Drivers:
a) Number of different kinds of raw materials
b) Number of classes offered
c) Number of tables
d) Number of employees
What is Cost Drivers ?
A cost driver causes a change in an activity's cost. The idea is most frequently applied to allocate overhead expenses to the quantity of produced units. In order to reduce the cost of overhead, it can also be utilized in activity-based costing analysis to identify the causes of overhead. An activity-based costing system may employ a variety of cost drivers. Just one cost driver should be employed if a company just cares about adhering to the minimum accounting standards to allocate overhead to produced items. Cost drivers include things like the amount of customer interactions, engineering change orders, machine hours consumed, and product returns, as well as the number of direct labor hours performed.
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the seven members of the board of governors of the federal reserve are appointed by
As the financial institution that takes charge of the monetary policies of the government, the Board of Governors' seven members of the Federal Reserve are appointed by the US President and confirmed by the Senate.
The Board of Governors, which has its office in Washington DC, is in charge of the supervision of the Federal Reserve Banks. It manages the government's monetary policies and issues various banking and consumer-credit regulations.
Thus, the seven members of the board are appointed by the US President and their nominations are confirmed by the US Senate.
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As described by capgemini, what aspect of smart products used an industry 4.0 environment would focus on using sensor technology to give access to condition information regarding products and their environment?
A product can be described using different aspects of it. The Aware aspect of smart products is often used an industry 4.0 environment to focus on using sensor technology.
Smart Products in Capgemini are known to be cyber-physicalsystems that gives new features and functions using connectivity.
Smart Services often makes up new paths for entirely new business
models and markets via innovative service offerings and delivery models.
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1. An offer made to one person can be accepted by another.
truth or false?
Answer:
it depends on what the offfer is
Explanation:
A developer buys a large tract of land and plans to develop several single family homes. To proceed, ______________ is needed.
three brothers operating a business where the action of one brother is binding on the other two brothers
what type of business organization is this?
Considering the situation above, the type of business organization is "General Partnership."
This is because General Partnership, like other types of partnership in the business organization, usually involves a minimum of two people and a maximum of fifty people.
In the general partnership arrangement, all partners have independent authority to bind the business to agreements and loans and are equally liable to debts and legal obligations.
Given that the action of one brother is binding on the other two brothers, this is a form of General Partnership.
Other types of the partnership include the following:
Limited partnershipLimited liability partnershipLimited liability limited partnership.Hence, in this case, it is concluded that the correct answer is General Partnership.
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which of the following occurs when a real estate agent or buyer persuades an owner to sell their property at a deflated amount, based on the notion that other houses in the neighborhood are being acquired by individuals of another race or class?
Blockbusting is known to occur when real estate agent persuades the owner to sell its property at a deflated amount.
Blockbusting is also referred to as panic selling.
Blockbusting is referred to as illegal practice where a buyer or estate agent convinces homeowners to sell their property below the fair market value by scaring them of false facts..Hence, term called "Blockbusting" is known to occur when real estate agent persuades the owner to sell its property at a deflated amount.
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If Marco decides to sell his pet products through an online distribution company, such as Amazon, then what type of intermediary is this
Based on the type of business that Amazon engages in, we can conclude that they are Retailers.
A retail intermediary:
Sells directly to the customer Buys goods from wholesalers and producers Also buys from individuals who wish to sell goodsMarco is hoping to sell his pet products through an online distribution company which would make him a wholesaler and the company he sells through will be a retailer as a result.
In conclusion, this intermediary is a retailer.
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because of the relationship between net capital outflow and net exports, the level of net capital outflow at the equilibrium real interest rate implies that the economy is experiencing
Based on the relationship between net capital outflow and net exports, it can be illustrated that the economy is experiencing a balanced trade.
A balanced trade simply means when the imports that are in the economy are equal to the exports. This can be achieved through inflation control.
From the complete information, the relationship between net capital outflow and net exports can be depicted as:
C + I + G + X - M = C + S + T
(I - S) + (G - T) = (M - X)
Assuming the balanced budget is I - S = 0, it implies that M - X = 0 and this is a condition for a balanced budget.
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Identifying the problem, explaining why the issue is important, setting goals, pinpointing targets and tactics, and identifying allies are among the fill in blank strategy of HRW
Strategies in the human resources sector are responsible for managing the company's human capital, identifying problems and allies, setting goals, pointing out targets and tactics that will make the company's culture stronger.
Some HR functions are:
Manage internal relationships.Carry out recruitment and selection processes.Manage changes.Develop training and development programs.Human capital is the most precious resource of organizations, since the business environment is increasingly competitive, and therefore the set of knowledge and learning in a company will be the factor to develop creativity and innovation.
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Answer:
Advocacy
Explanation:
Advocacy
Question Mode Multiple Choice Question When a company considers putting together a sales force, it may choose to hire salespeople directly or use ______. Multiple choice question. advertising executives manufacturer's representatives volunteers college students
The company may choose to hire the salespeople directly or use the advertising executives to set up a sales force.
The advertising executives is like a party that acts as link between its principal and its clients
The advertising executives works for both the advertising firm and the clients that wishes to advertise through the firm.Hence, the company may opt to hire an advertising executives so as to facilitate easy advertisement of its product on sales with the advertising firm.In conclusion, the company may hire the salesperson and advertising executives.
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4. The journal entry to record costs related to extraordinary repairs would include a __________ to __________.
Answer:
First blank - Debit
Second blank - Accumulated Depreciation
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When aggregate demand falls, to avoid a(n) and return to the long-run equilibrium, we must increase aggregate demand.
Answer:recession or contraction
Explanation:
The Pirates of Penzance Company delivers goods to various areas around the world. The company has a great reputation for being prompt on its deliveries. Blackbeard is the owner of the company. Davy Jones works for Blackbeard as an underpaid sailor. Davy knew that Blackbeard loved to read while they were transporting their deliveries and that his favorite book was The Adventures of Huckleberry Finn. Davy gave Blackbeard a valuable first edition of Twain's work hoping that Blackbeard would give him a raise in pay. A day later, Blackbeard promised to give Davy a pay raise of 18% because he was very pleased with the book. The following week when Davy received his check, he noticed that the raise was missing and he asked Blackbeard for the money. Blackbeard refused to give him his raise and Davy filed suit. Decide the outcome.
The outcome here is that the court would make blackbeard to give the pay raise that he promised to Davy.
The breach of promise.Davy may decide to sue because there has been a breach here. He may decide to sue under the proprietary estoppel.
He already met with what was required of him by providing the book to Blackbeard. It was Blackbeard that was unable tyo meet up with his own part.
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In which two places is aggregate generally found? floodplains and alluvial fans alluvial fans and mines mines and beneath the topsoil beneath the topsoil and above the topsoil.
Answer:its A
Explanation:
i just took the test
Aggregate is typically found in floodplains and grassy fans. Therefore, option A is correct.
How are aggregates formed?Deposition of particles, including soil, silt, rocks, stones, and pebbles, results in the formation of an aggregate. They are deposited due to erosion and withering, two natural processes. Sediment accumulation will take place over the flood-prone area in floodplains.
When water runs across a mountain valley, soil, silt, and gravel aggregates are dumped in grassy fans. The aggregate of soil, rocks, and other materials is removed during mining to acquire minerals.
Underground physical, chemical, and biological activity results in the formation of soil aggregates. Human actions like tilling, stepping on the ground, or fertilising your garden might affect them. Finer soil primary particles join together to form aggregates first.
Sand, silt, and clay are the three basic constituents of soil. As they are known to soil scientists, aggregates can be formed from these particles.
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a major advantage of the corporate form of ownership is ______.
One of the main advantages of owning a company as a corporation is that there is B) limited legal liability
Limited liability:
Is a feature of corporations Means that the personal belongings of the owners are separate from that of the business and cannot be touched if things go awry.When there is limited liability and a company fails, creditors cannot touch the personal assets of the owners under limited liability.
In conclusion, limited liability is a major advantage of the corporate form of ownership.
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assume the risk-free interest rate is 7% and the market return is 12%. if the beta of a stock is 1.4, according to capm, what is the required rate of return on the stock?
Answer:
Expected return = Risk Free Rate + [Beta x Market Return Premium]Retailing means a store sells directly to whom?
Aryn and Mary started at the organization on the same day. Both are hard workers and perceive that they are equitably rewarded for their efforts. According to equity theory, it is likely that both will __
Answer:
Both will continue to put forth effort
Explanation:
I remeber this question from a hw
Simar Sales Co. sells and installs kitchen appliances. Simar guarantees parts and labor for one year after installation. Simar would record potential claims in a(n) _______ account.
Based on accounting principles, Simar Sales Co. sells and installs kitchen appliances. Simar guarantees parts and labor for one year after installation. Simar would record potential claims in a(n) Warranty Liability account.
This is because a Warranty Liability account is a type of account that is established to record the number of the repair or replacement costs that a company expects to incur for commodities already shipped or services already conducted.
Warranty Liability account or Estimated Warranty Liability account are used mostly by firms that offer products that have warranty periods.
Hence, in this case, it is concluded that the correct answer is a Warranty Liability account.
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Answer:
Estimated Warranty Liability
Explanation:
the legal contract between the bondholders and the issuer is called the bond ______.
The legal contract between the bondholders and the issuer is called the bond indenture.
A bond indenture is important as it helps to protect the interest if the stakeholders and also lowers the chance of default.
It should be noted that the indenture list provides the details of a bond. It helps in ensuring transparency. Therefore, the legal contract between the bondholders and the issuer is called the bond indenture.
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A stock issued by a stable corporation that generally attracts conservative investors is called a(n) _______ stock.
Blue-chip stocks are the stock issued by a stable corporation that generally attracts conservative investors.
Blue-chip stocks refers to a type of stock investment which is well-established by reliable companies that has advantageous positions in their markets.
These type of firm which issues Blue-chip stocks are firm which has been successful in the industry and thus, rewards its shareholders with regular dividends.Therefore, the Blue-chip stocks are the stock issued by a stable corporation that generally attracts conservative investors.
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