The number of units to be produced for Trago company in June is 280,500
What is unit of production?Production is the method of turning raw materials or inputs into finished goods.
Calculation of number of units to be produced in June.
June sales units 280,000
Desired ending inventory (290,000 × 0.05) 14,5,00
Units needed 294,500
Beginning inventory (14,000)
June production units 280,500
Hence, the number of units to be produced in June is 280,500
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Angel and Alessia calculate their assets to be valued at $150,000. They calculate their liabilities to be $125,000. What is their net worth?
Answer:25,000
Explanation:
Joe borrowed $100,000 (a four-year loan at 10 percent interest) on January 2, 2020. During the course of the year, he paid back $30,000 on that debt. What would his December 31, 2020 balance sheet show for this debt
Joe's December 31, 2020 balance sheet would show a Long-term Loan Balance of $70,000.
What is the balance sheet?The balance sheet is a financial statement that shows the balances of the assets, liabilities, and equity of a person or an entity at a stated date.
The balance sheet follows the accounting equation that equates assets to liabilities and equity.
Data and Calculations:Loan receipt on Jan. 2, 2020 = $100,000
Repayment during the year = $30,000
Loan balance = $70,000 ($100,000 - $30,000)
Interest Expense = $10,000 ($100,000 x 10%)
Thus, Joe's December 31, 2020 balance sheet would show a Long-term Loan Balance of $70,000.
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5-Define "Controlled
risk" and provide an
example
Control risk refers to the possibility of financial statements being significantly misstated as a result of a company's internal controls failing.
Example(s):
Lack of a good internal control environment, poorly designed business processes, IT security risk, integrity and ethic risk, human mistakes, and fraud risk are all frequent internal control hazards in business.
Select the correct answer from each drop-down menu. when a government introduces regulations addressing worker safety and environmental protection, it affects businesses and consumers. businesses face because they must alter existing infrastructure to meet regulations. as a result, consumers pay for produced goods.
When a government introduces regulations addressing worker safety and environmental protection, it affects businesses and consumers. Hence, Option A. is the answer.
What is the effect of government's regulations on worker safety and environmental protection?Environmental laws play a huge part in protecting humans, animals, resources, and habitats. Aside these laws, no regulations on pollution, contamination, hunting, or even response to disasters. Environmental law works to protect land, air, water, and soil.
Therefore, the correct answer is option A.
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Answer:
See image
Explanation:
Plato
Question Mode Multiple Choice Question The profit margin is equal to net income divided by Blank______. Multiple choice question. total assets operating income net working capital sales
A cost or a benefit accruing to an individual or group that is external to a market transaction is known as a(n) ______. Multiple choice question.
When people experience a cost or benefit from a transaction that is external to that transaction, this is an Externality.
What is an externality?This refers to benefits or costs that people who are not a party to a transaction get due to that transaction.
This benefit or cost is therefore external to that transaction and is therefore referred to as a market failure.
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People that can influence a consumer’s decision making process are called:
A. Reference groups
B. Influencers
C. Instructors
D. Annoying
Answer:
B
Explanation:
People that can influence a consumer’s decision making process are called influencers.
Shelby wants to insert a new row by selecting the insert rows button. where will her new row appear on the datasheet?
The new row will appear below the row been clicked for the insertion of the rows option.
What does new row means?In a spreadsheet, this means the addition of a new row to the existing rows on the sheet.
Therefore, the new row will appear below the row been clicked for the insertion of the new rows option and this will allow the user to work on the new inserted row.
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Choose all of the descriptions that illustrate advantages to using major credit cards for purchases. A) Major credit cards typically have very low interest rates on monthly payments. B) Major credit cards do not issue late fees to the account holder on payments overdue. C) Major credit cards are usually accepted at most marketplaces in the United States and abroad. D) Major credit cards often offer accountholder protections for unauthorized purchases made using the card. E) Major credit card purchases are usually tax deductible, resulting in a refund from the IRS for the account holder.
Answer: C) Major credit cards are usually accepted at most marketplaces in the us and abroad
and
D) Major credit cards often offer account holder protections for unauthorized purchases made using the card
Explanation:
ONLY C & D. USATESTPREP ANSWERS
Commodity futures contracts can be bought and sold on the open market for which reason?
a. commodity purchase contracts can be renegotiated at a future time in case the commodity isn't available.
b. currency-exchange rates fluctuate, changing the amount of profit that can be made on a particular commodity.
c. futures contracts remain valid even if the original parties to the contract sell the rights.
d. unsold commodities will be bought at fair market value by the federal government.
Commodity futures contracts can be bought and sold on the open market as C. futures contracts remain valid even if the original parties to the contract sell the rights.
What is an open market?It should be noted that an open market simply means the market where securities are bought and sold.
In this case, commodity futures contracts can be bought and sold on the open market as futures contracts remain valid even if the original parties to the contract sell the rights.
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Use the following information for the Exercises below. (Algo) Skip to question [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Current Year 1 Year Ago 2 Years Ago Assets Cash $ 26,517 $ 30,075 $ 31,325 Accounts receivable, net 75,332 54,780 42,628 Merchandise inventory 96,629 73,097 47,247 Prepaid expenses 8,286 7,895 3,516 Plant assets, net 238,225 217,764 201,484 Total assets $ 444,989 $ 383,611 $ 326,200 Liabilities and Equity Accounts payable $ 110,802 $ 64,830 $ 44,350 Long-term notes payable 83,658 86,466 73,532 Common stock, $10 par value 162,500 163,500 163,500 Retained earnings 88,029 68,815 44,818 Total liabilities and equity $ 444,989 $ 383,611 $ 326,200 For both the current year and one year ago, compute the following ratios: Exercise 17-6 (Algo) Common-size percents LO P2 1. Express the balance sheets in common-size percents. 2. Assuming annual sales have not changed in the last three years, is the change in accounts receivable as a percentage of total assets favorable or unfavorable?
Answer:
hello
Explanation: the awnser is tooooo long! sorry...
An organization's mission statement serves as the basis for: Multiple Choice organizational goals. distinctiveness. operating procedures. environmental scanning. core competencies.
An organization's mission statement serves as the basis for Organisational goals. Thus, the correct answer is A
What is the Mission statement?A mission statement identifies a type of business an organization is doing, as well as the reason for its existence or the purpose for which it exists. Every business should have a clear statement of purpose that enthuses employees and encourages them to join the team.
The mission statement plays an important role in the success of the organization. It helps to motivate employees positively to seek improvement and result in growth.
A mission statement encourages customers that the organization is working continuously to provide better customer satisfaction. It helps to plan the strategies for the business to achieve the goals of the organization.
Therefore, option A organizational goal is the appropriate answer.
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An active Florida broker accompanies her husband when he goes on active military duty in Ohio for two years. She is not active in real estate in Ohio. Upon their return to Florida, what would her next step be in order to maintain her license
The next step for the active Florida broker would be to do nothing because she has spousal military privilege.
Who is a Broker?This refers to an individual or company that charges a percentage fee in order to execute a buy or sell order on behalf of an owner.
Hence, we can see that based on Florida laws, the wife or husband of a soldier on military duty has certain privileges and she needs not to do anything to maintain her license because she has spousal military privilege.
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Chance is a traveling marketing representative for a publishing company. He is an independent contractor and was hired without negligence. One afternoon while driving to a meeting, Chance negligently runs a stop sign and causes an accident. Judy is injured. Judy can
Incase of the accident, Judith as an independent contractor hold Chance but not the company liable.
Who is an independent contractor?independent contractor can be regarded as an expert that works independently on a project without belonging to the host organization.
Therefore, since she got accident, she can't hold the company responsible wholely.
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how do you start a business successfully
Debts listed as current liabilities are those that are due to be paid in more than one year b.are owed to the stockholders and will never be paid c.will be paid in less than one year d.are due to be paid in 5 to 10 years
The debts listed as current liabilities are those that will be paid in less than one year.
What does current liabilities entails?In accounting, these are those liabilities or obligations which are due or to be paid in 12 months.
Hence, any debts listed as current liabilities are those that will be paid in less than one year.
Therefore, the Option C is correct.
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To effectively prioritize client needs during an interdisciplinary conference, what qualities by the team are required
The qualities needed are the establishment of team goals, in addition to cohesion, leadership and developed communication.
What are the characteristics of an effective team?For a sales team, it is essential that the customer's needs are prioritized, for this it is important to have an integrated team, where communication is the strong point, providing a high quality service.
Therefore, it is essential that the team focus on achieving objectives and goals through integration, direction and communication.
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When explaining technical information to a non-
technical audience, it is best to
avoid the use of technical terms in your
explanations.
O get the audience's attention with a messy-
looking hair style.
O use technical terms in your explanations.
DONE
Answer:
Avoid the use of technical term
Explanation:
Avoid the use of technical term in your explanation
3. State the underlying condition that a firm applies while hiring workers.
Answer:
Minimum wage
Explanation:
Minimum wage can affect the number of workers and wage paid to those workers, dependant on if it is a monopsony or PC firm hiring, the number of workers hired and wage paid will differ.
Ali Co. uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Journalize the following transactions that should be recorded in the cash receipts journal. Nov. 3 The company purchased $2,000 of merchandise on credit from Hart Co., terms n/20. 7 The company sold merchandise costing $528 to J. Than for $580 on credit, subject to a $12 sales discount if paid by the end of the month. 9 The company borrowed $2,525 cash by signing a note payable to the bank. 13 J. Ali, the owner, contributed $3,825 cash to the company. 18 The company sold merchandise costing $84 to B. Cox for $150 cash. 22 The company paid Hart Co. $2,000 cash for the merchandise purchased on November 3. 27 The company received $568 cash from J. Than in payment of the November 7 purchase. 30 The company paid salaries of $1,000 in cash.CASH RECEIPTS JOURNAL Sales Accounts Cost of Goods Cash Dr. Other Discount De Receivable. Sales Cr. Accounts CF Sold Dr. Inventory Cr. Date Account Credited Discount Dr. Cr.
A general journal is a daybook in which transactions relating to adjustment entries, opening stock, depreciation, accounting errors etc. are recorded.
How to illustrate the journal?9-Nov Notes Payable $ 3,750 $3,750
13-Nov Ali, Capital $5,000 $5,000
18-Nov Sales $330 $330 $250
27-Nov J. Than $980 $20 $1,000
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Discuss ways in which businesses can deal with change in the workplace
globalization essay outline
Answer:
is this even a question ????
Explanation:
the operating revenue remaining after cost of merchandise sold has been deducted is
The operating revenue remaining after deducting cost of merchandise sold is known as gross profit.
What is a gross profit?Gross profit refers to the amount remaining after deducting all the expenses involve in production, transportation and promotion of goods.This is total profit a business is gained.
The gross profit is calculated by subtracting cost of goods sold from total sales where cost of goods sold includes all cost for selling an item.For example raw material, labour, storage costs and so on.
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One advantage of having an ATM card is that it can be used to
O make deposits at a bank
O apply for car loans.
O change a person's credit history
O buy stocks
Answer:
It can be used to buy stocks
How much cash do you need to survive the early years?
Answer:
$150
Explanation:
Sam has a great paying job, has no dependents, and owns his own apartment. He wants to take out an appropriate loan to finance the rest of his graduate business degree, which he plans to study for at night, at a cost of $40,000. What type of loan would he consider if he really does not like to carry much, if any, debt
Sam would collect student loan if he really does not like to carry much, if any, debt.
What is loan?Loan involves borrowing certain amount of money usually from a lender.
The borrower and lender agree on a payment plan that will ensure the payment of the loan.
Therefore, Sam would collect student loan if he really does not like to carry much, if any, debt.
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THIS IS FOR EDGE BUSINESS TECH PLEASE ANSWER ALL QUESTIONS (6) !!
1. Describe two trends that you've noticed (either demographic, invention/technology, lifestyle, or style/entertainment) and explain how each one might generate a small business opportunity. (1-6 sentences. 4.0 points)
2. Make a list of at least 5 business ideas that interest you. Then explain which one you think is the best opportunity for you. Give at least 3 reasons why this opportunity is better for you than the others. (2-6 sentences. 3.0 points)
3. Visit the Web site for a well-known company, and find the section that states its mission. What is the company's mission? How does the mission relate to the type of products the company sells? Did anything surprise you about the mission? Why or why not? TIP: If the company's Web site doesn't describe its mission, choose a different company. (1-5 sentences. 3.0 points)
4. Visit the Web site for a different well-known company, and find the section that lists the company's values. What are the company's values? How do they relate to the products the company sells? Did anything surprise you about the company's values? Why or why not? TIP: If the company's Web site doesn't describe its values, choose a different company. (1-5 sentences. 3.0 points)
5. Do a SWOT analysis for the business idea you chose in question 2 above. Describe at least 2 strengths, 2 weaknesses, 2 opportunities, and 2 threats for that company idea. (1-8 sentences. 4.0 points)
6. Make a list of at least 3 people you would want to give copies of your business plan to, and explain why you chose each of those people. (1-5 sentences. 3.0 points)
Marketing trends for the current market are related to innovation, such as the digital market, with the sale of infoproducts through influencer marketing.
What is influencer marketing?It is an approach on the rise that originated due to the sharing of information on digital platforms. It consists of strategies for engaging a person on the internet, generating trust in their opinion about a product and brand, promoting it.
Based on influencer marketing, some business ideas that can be profitable in today's market are:
Selling online coursesDigital marketing consultancyDigital influencerDigital designerMarketing agencyTo stand out in a competitive and globalized market, it is essential that the company develops its values and mission in line with its objectives and promoting the brand's socio-environmental responsibility.
Therefore, the use of marketing tools such as SWOT analysis will help an organization to be positioned in the market, by expanding the vision of the micro and macro environment.
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Alpha ended 2019 with a balance of $20 million in their salaries payable account. If their salary expense in 2019 was $90 million, what was their ending balance for salaries payable on December 31, 2018
Based on the ending balance on salaries payable in 2019, and the salaries expense, the salaries payable at December 2018 must have been $30 MILLION.
What was the Salaries payable balance?This can be found by the formula:
= Ending salaries in 2019 - Salaries expense in 2019 + Salaries paid in 2019
Solving gives:
= 20 million - 90 million + 100 million
= $30 million
In conclusion, the ending salaries payable in 2018 was $30 million.
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What do you think is a benefit of having a fixed interest loan?.
How does a bank enforce the requirement of safeguarding your money?
The use of Mobile banking and electronic means of sending money is a requirement for safeguarding your money.
How does bank help to safeguarding your money?Individual keep or safe money in the bank to avoid the risk of the money been stolen or loss due to improper way for handling.
Online transactions is one of the safeguard method's used by banks and electronic funds transfer (EFT).
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