Business

"Market Equilibrium" is...A. The quantity where no more buyers want to buy stockB. The price range where the quantity supplied equals the quantity demandedC. What happens when there are the same number of buyers and sellersD. Where the most trades are made
1 Answer
The following information pertains to Sandhill Company. 1. Cash balance per books, August 31, $7,374. 2. Cash balance per bank, August 31, $7,338. 3. Outstanding checks, August 31, $708. 4. August bank service charge not recorded by the depositor $60. 5. Deposits in transit, August 31, $3,710. In addition, $3,026 collected for Sandhill Company in August by the bank through electronic funds transfer. The accounts receivable collection has not been recorded Sandhill Company.1. Prepare a bank reconciliation at August 31, 2022. (List items that increase balance as per bank & books first.) CULLUMBER COMPANY Bank Reconciliation 2. Journalize the adjusting entries at August 31 on the books of Cullumber Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit July 31 (To record electronic funds transfer received by bank) July 31 (To record bank service charge)
1 Answer
One advantage of a market-product grid is that it can be used to Multiple Choice relate the product life cycle to consumer demand. determine which target market segments to select and which product groupings to offer. screen many new-product ideas in order to select the one with the best long-run market potential. select representative samples of consumers for marketing research studies. make cost-cutting decisions under conditions of uncertainty.
1 Answer
A company is projected to generate free cash flows of $357 million next year, growing at a 6% rate until the end of year 3. After that, cash flows are expected to grow at a stable rate of 2.4% in perpetuity. The company's cost of capital is 9.1%. The company owes $96 million to lenders and has $14 million in cash. If the company has 207 million shares outstanding, what is your estimate for its stock price
1 Answer
Click this link to view O*NETs Wages and Employment section for Executive Administrative Assistants. According to O*NET, what is the projected growth for this career between 2019 and 2029? faster than average (this one is wrong)averageslower than averagedecline
2 Answers
Torge Company bought a machine for $74,000 cash. The estimated useful life was five years and the estimated residual value was $5,000. Assume that the estimated useful life in productive units is 165,000. Units actually produced were 44,000 in year 1 and 49,500 in year 2.Required:1. Determine the appropriate amounts to complete the following schedule. (Do not round intermediate calculations.)Depreciation Expense forDepreciation Expense forBook Value at the End of Method of DepreciationBook Value at the End of Method of DepreciationMethod of DepreciationYear 1Year 2Year 1Year 2Straight-lineUnits-of-productionDouble-declining-balance2. Which method would result in the lowest net income for year 1?3. Which method would result in the lowest net income for year 2?4. Which method would result in the lowest fixed asset turnover ratio for year 1?
1 Answer
The ink-jet printing division of Environmental Printing has grown tremendously in recent years. Assume the following transactions related to the ink-jet division occur during the year ended December 31, 20181. Environmental Printing is being sued for $10.7 million by Addamax. Plaintiff alleges that the defendants formed an unlawful joint venture and drove it out of business. The case is expected to go to trial later this year. The likelihood of payment is reasonably possible.2. Environmental Printing is the planiffin an $8.7 million lawsuit filed against a competitor in the high-end color-printer market. Environmental Printing expects to win the case and be awarded between $6.2 and $8.7 million.3. Environmental Printing recently became aware of a design flaw in one of its ink-jet printers. A product recall appears probable. Such an action would likely cost the company between $470,000 and $870,000.
1 Answer
If you were a salesperson, what would be the most challenging part of the sales process for you? Explain.
1 Answer
A discount term of 20/15/5 means: Group of answer choices based on the timing of payment, 1 of the 3 discount options can be applied based on the size of the order, 1 of the 3 options can be applied if all conditions are met, all 3 discounts can be applied to the list price all three discounts are possible but it is rare that all three are able to be applied
1 Answer
For international businesses to achieve vertical differentiation, _____. a. foreign and domestic operations should be grouped in such a way that the company effectively serves the needs of all customers b. top level managers must emphasize flexibility and openness in organizational structure c. a hierarchy of authority must be created that clarifies the responsibilities of both domestic and foreign managers d. the global structure must allow decisions to be made in the most appropriate area of the organization
1 Answer
According to the video, what are some qualities needed by workers involved in sales? Check all that apply.physical strengthpolitenessfirst-aid skillsgood speaking skills
2 Answers
1. How does competition affect the prices that airlines charge for fares? 2. How does a lack of competition affect the prices that the train company charges for fares?
1 Answer
Below are the transactions and adjustments that occurred during the first year of operations at Kissick Coa. Issued 198,000 shares of $6-par-value common stock for $1,188,000 in cash. b. Borrowed $550,000 from Oglesby National Bank and signed a 11% note due in three years. c. Incurred and paid $380,000 in salaries for the year.d. Purchased $650,000 of merchandise inventory on account during the year. e. Sold inventory costing $580,000 for a total of $910,000, all on credit. f. Paid rent of $220,000 on the sales facilities during the first 11 months of the year. g. Purchased $190,000 of store equipment, paying $51,000 in cash and agreeing to pay the difference within 90 days. h. Paid the entire $139,000 owed for store equipment and $600,000 of the amount due to suppliers for credit purchases previously recorded. i. Incurred and paid utilities expense of $36,000 during the year. j. Collected $845,000 in cash from customers during the year for credit sales previously recorded. k. At year-end, accrued $60,500 of interest on the note due to Oglesby National Bank. l. At year-end, accrued $20,000 of past-due December rent on the sales facilities.Required:Prepare an income statement (ignoring income taxes) for Kissick Co.'s first year of operations and a balance sheet as of the end of the year.
1 Answer
William is a single writer (age 35) who recently decided that he needs to save more for retirement. His 2020 AGI before the IRA contribution deduction is $66,000 (all earned income). (Leave no answer blank. Enter zero if applicable.) a. If he does not participate in an employer-sponsored plan, what is the maximum deductible IRA contribution William can make in 2020?
1 Answer
Using Firm Guidance to Research a Revenue QuestionYou are an accountant working for Hotel Co. Your supervisor has asked you to research what amount of revenue Hotel Co. should recognize for transactions booked by customers on Expedia.com.Expedia generally collects the full transaction price from the customer, then withholds a small fee (say, $10) from each transaction and remits the balance to Hotel Co.Should Hotel Co. record the gross transaction fee or only the net amount it receives from Expedia.com? Use nonauthoritative firm guidance to assist in your response.Start off with the codifications (606?), then move to the non-auth. sources.
1 Answer
Suppose the economy of the large country of Hendrix is currently experiencing expansion as a result of short run business cycle fluctuations. Hendrix has a trade deficit. The items below are possible effects of this expansion on the trade balance. Please sort them into boxes below as appropriate. If they do not fit into either box (e.g. not likely to occur in an expansion), leave them unsorted. Likely to occur in an expansion and increase the trade deficit Likely to occur in an expansion and decrease the trade deficit private savings decrease domestic private investment increases private savings increase government borrowing decreases imports increase government borrowing increases domestic private investment decreases imports decrease
1 Answer
You expect Technomess Company common stock to pay a dividend of $2.40 one year from now. You can buy the stock now for $52, and you plan to sell the stock at the end of one year. Given the risk of the stock, your required rate of return is 16%. For what price would you need to sell your stock in one year in order to earn your required rate of return
1 Answer
A company's old machine that cost $40,000 and had accumulated depreciation of $22,000 was traded in on a new machine having an estimated 20-year life with an invoice price of $45,000. The company also paid $33,000 cash, along with its old machine to acquire the new machine. If this transaction has commercial substance, the new machine should be recorded at:
1 Answer
Select the correct word(s) from the drop down menu to finish the following sentences:Fish in the ocean can be caught by anyone, and it is difficult to prevent people from fishing, in this sense, fish in the oceans are_____. If I catch a fish, that means there is one less fish in the sea for someone else to catch. Therefore, fish are_____. Considering those two characteristics, fish in the ocean are____.
1 Answer
Suppose that there are two industries, A and B. There are five firms in industry A with sales at $5 million, $2 million, $1 million, $1 million, and $1 million, respectively. There are four firms in industry B with equal sales of $2.5 million for each firm. The HHI for industry A is:
1 Answer
Ultimo Co. operates three production departments as profit centers. The following information is available for its most recent year. Department 1's contribution to overhead as a percent of sales is:Dept. Sales Cost of Goods Sold Direct Expenses Indirect Expenses 1 1,080,000 708,000 102,000 88,000 2 480,000 158,000 48,000 108,000 3 780,000 308,000 158,000 28,000 a) 56.7%b) 25.0%c) 34.7%d) 34.0%e) 61.6%
1 Answer
The following is the sales budget for Coore, Inc., for the first quarter of 2019: JanuaryFebruaryMarch Sales budget$135,000$152,000$167,000 Credit sales are collected as follows: 60 percent in the month of the sale 30 percent in the month after the sale 10 percent in the second month after the sale The accounts receivable balance at the end of the previous quarter was $96,000 ($78,800 of which was uncollected December sales). a. Compute the sales for November. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b.Compute the sales for December. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c.Compute the cash collections from sales for each month from January through March. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)
1 Answer
The outstanding checks total_________.1. $158.532. $246.533. $48.004. $914.47
1 Answer
According to the literature on organizational conflict, constructive conflict Question 1 options: tends to produce beneficial outcomes, particularly better decision making. is the main source of conflict in organizations. is the only conflict management style that has high assertiveness and low cooperativeness. is one of the most common outcomes of organizational conflict.
1 Answer