A process cost summary is a managerial accounting report that consist of all the activities given here except the gross-profit earned on the sale of products.
What is process cost summary?A process cost summary is a statement that precisely presenting the detailed analysis of a several processes cost incurred in producing a product, starting from the point of procurement of raw material, conversion processes & up to the end point where final product manufactured.
Further this statement shows flow of cost incurred products from purchasing stage, work in progress stage, units in normal loss, unit in abnormal loss and finally no. of units transferred to the finished goods control ledger account.
Therefore gross profit computed in trading account and not shown in process cost summary.
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By the time you turn 60, a large percentage of your net worth will likely consist of?.
Equity in your primary residence is the correct answer. Equity REITs primarily own Properties and Mortgage REITs primarily own Mortgage Debt. Most Equity REITs specialize in a selected Property sort (e.g. Office, Retail, Residential, Industrial, Lodging, or Self-Storage).
Mortgage REITs specialize in either Residential Mortgages or business Mortgages. An equity investment firm is the most typical form of investment firm. An equity investment firm owns and operates the properties in its holdings.
With that, equity investment firm usually generates revenue through income. A mortgage investment firm investment generates revenue through interest financial gain from mortgages and mortgage-backed securities.
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Global Geotell just hired InvestPro, a local investment banker, to help it issue common stock. The proceeds of the stock offering will be used for research and development of a new satellite tracking system for the US Navy. The market value of the issue equals $150 million, direct costs incurred by Global Geotell will amount to $225,000 and InVestPro charges a 7 percent fee for it's services.
a. What will the net proceeds to Global Geotell from the $150 million equity issue? That is, how much of the issue will Global Geotell be able to use?
b. If the price per share of the common stock equals $25 at the time of issue, how many shares of stock must be issued if the total value of the issue is $150 million?
c. How many shares of stock must be issued if Global Geotell actually needs $150 million for its research and development? Assume that the price is $25 per share.
a. The net proceeds to Global Geotell from the $150 million equity issue is $139,275,000
b. If the price per share of the common stock equals $25 at the time of issue, then the total number of shares is 6 million
c. There are 6 million shares of stock must be issued if Global Geotell actually needs $150 million for its research and development.
Stock:
The stock is the general term used to describe the ownership certificates of any company
Given,
Global Geotell just hired InvestPro, a local investment banker, to help it issue common stock. The proceeds of the stock offering will be used for research and development of a new satellite tracking system for the US Navy. The market value of the issue equals $150 million, direct costs incurred by Global Geotell will amount to $225,000 and InVestPro charges a 7 percent fee for it's services.
The net proceeeds to Global Geotell is calculated as,
=> $150 million - (0.07*$150 million) - $225,000 = $139,275,000
If the price per share of the common stock equals $25 at the time of issue, then the number of shares for $150 million is,
=> 150 million / 25
=> 6 million.
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the theory of portfolio choice indicates that higher interest rates make money____desirable, and the demand for real money balances .
The theory of portfolio choice indicates that higher interest rates make money falls desirable, and the demand for real money balances.
These theories stress that individuals hold cash as a part of their portfolio of assets and predict that the demand for cash depends on the comeback and risk offered by cash and by different assets that individuals will hold rather than cash. The portfolio demand for cash will increase with wealth and portfolio risk and reduces with enhanced portfolio returns, lower risk, or lower chance prices. In different words, the portfolio demand for cash is influenced by identical factors that influence the demand for bonds.
Modern portfolio theory could be a technique for portfolio management to cut back risk, that traces its origins to a 1952 paper by laurels winner Harry Markowitz. the idea states that, given a desired level of risk, capitalists will optimize the expected returns of a portfolio through diversification.
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The theory of portfolio choice indicates that higher interest rates make money less desirable, and the demand for real money balances decreases.
According to the theory of portfolio choice, individuals allocate their wealth across different assets, including money and non-monetary assets such as stocks, bonds, and real estate, to maximize their utility or satisfaction. When interest rates are higher, the opportunity cost of holding money increases. This means that individuals can potentially earn higher returns by investing their money in interest-bearing assets instead of holding it as cash.
As a result, higher interest rates typically reduce the relative attractiveness of money compared to other assets. People tend to shift their portfolio towards investments that offer higher returns, such as bonds or stocks, rather than holding money. Consequently, the demand for real money balances, which refers to the desire to hold money for transactional purposes or precautionary savings, tends to decrease when interest rates rise.
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What are 3 possible benefits gained by a country that trades?.
The 3 possible benefits gained by a country that trades are :
More Job Opportunities. Expanding Target MarketsBetter relation between countriesWhat are the advantages of international trade?International trade allows countries to expand their markets and gain access to goods and services that were previously unavailable domestically. International trade has made the market more competitive. This ultimately leads to more competitive pricing and consumers get cheaper products.
What are the five meanings of trade?Simply put, more trade means more jobs, more income, better products, less inflation, and cooperation rather than conflict. The tide for economic development and peace among nations will intensify.
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What are 2 advantages of a tariff?.
A tariff is a sort of tax that a nation imposes at the border on an imported commodity. In the past, governments have used tariffs to raise money, but they have also used them to attempt to safeguard domestic manufacturers.
The following are some benefits of levying tariffs:
Helps in generating revenue: Tariffs are a useful tool for increasing tax income for governments. A revenue tariff is the name for this form of tax, which is not intended to limit imports.Protects Domestic Industries: Governments have the power to employ tariffs to support specific industries, frequently doing so to safeguard businesses and jobs.Protects domestic consumers: By raising the cost of items made abroad so that domestically produced alternatives appear more appealing.Protects National Interests: By imposing tariffs on a trade partner's principal exports, tariffs can be used to impose economic pressure. This is a further application of foreign policy.To learn more about tariffs see:
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determine if each of the given scenarios is, or is not, the result of economic myopia. you are currently in a sorting module. turn off browse mode or quick nav, tab to items, space or enter to pick up, tab to move, space or enter to drop. economic myopia not economic myopia
In the given scenarios 2,5 and 3 shows Economic Myopia while 1 and 4 are Not Economic Myopia.
Policy myopia is while government policy interventions are trying to find to address quick-term problems in place of longer-time period answers. this may be a cause of presidency failure.
Economic Myopia
2. Gus and Betty take out loan, which will take ten years to pay back, to pay for a three day cruise.
5.Charlie's GDP is rock-bottom because he goes out with his friends every night instead of studying
3. Even though his employer will match any retirement contribution of at 7% of his gross income, up to 10%, David sets aside only 5% of his income in his retirement account
Not Economic Myopia
1. When his father retires, John decides to quit his current job and return to his home town to run the family business.
4. Ned, who goes camping every weekend he can, decides to buy SUV that is more expensive than the sedan he was also considering.
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Disclaimer:- your question is incomplete, please see below for the comlete question.
Determine if each of the given scenarios is, or is not, the result of economic myopia.
Economic myopia Not economic myopia
Answer Bank
1. When his father retires, John decides to quit his current job and return to his home town to run the family business.
2. Gus and Betty take out a loan, which will take ten years to pay back, to pay for a three-day cruise.
3. Even though his employer will match any retirement contribution of at least 7 of his gross income, up to 10% David set aside only 5% of his income in his retirement account.
4. Ned, who goes camping every weekend he can. decides to buy an SUV that is more expensive than the sedan he was also considering,
5. Charlie's GPA is rock-bottom because he goes out with his friends every night instead of studying.
bagail corp. uses activity-based costing system with three activity cost pools. the following information is provided: costs: wages and salaries $ 216,000 depreciation 112,000 utilities 112,000 activity cost pools assembly setting up other wages and salaries 0.58 30% 10% depreciation 0.37 45% 20% utilities 0.28 40% 30%
The required answer is $198,080.
By assigning overhead costs to specific activities, the activity-based costing (ABC) methodology allows for more exact overhead cost allocation. The costs can then be allocated to the cost objects that make use of the activities once they have been assigned to costs.
The technique can be used to reduce overhead costs specifically. ABC performs best in situations that are complex, have a wide variety of items and machines, and have convoluted processes that are challenging to understand. In contrast, it is less useful in a streamlined setting with condensed production processes that make it simple to assign costs.
In the given question,
Wages and Salaries = $216,000
Depreciation = $112,000
Utilities = $112,000
Wages and salaries = 0.58, 30% 10%,
Depreciation = 0.37 45% 20%
Utilities = 0.28 40% 30%
Now,
Total cost that would be allocated to the Assembly activity cost pool
= 0.58*216,000 +0.37*112,000 + 0.28*112,000 = $198,080
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What is the term for the path that the product follows from the producer to the customer?.
The term used for the path that the product follows from the producer to the customer is the distribution channel.
A distribution channel is the chain of intermediaries through which a product goes through and reaches the customer finally. The distribution consists of wholesalers, distributors, and sometimes the internet if the business is based on the online platform. It is a downstream process that focuses on making the product reach customers.
In a direct distribution channel, manufacturers directly sell the product to the customer. Indirect distribution channels require wholesalers, distributors, and retailers for selling products to the customers. Distribution channel is also the path of payment reaching from customers to manufacturers.
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the main reason a monopoly engages in price discrimination is that:
The main reason a monopoly engages in price discrimination is that it wants to increase profits.
What is price discrimination?
A monopoly is when there is only one firm operating in an industry. there are usually high barriers to entry of firms. A monopoly sets the price for its goods and services. An example of a monopoly is a utility company.
Price discrimination is when the same product is sold at different prices to customers in different markets. When a monopoly price discriminates, it aims to eliminate the consumer surplus of consumers by charging the highest price that the consumer is willing to pay for the good or service. This ensures that a monopoly earns the highest profit possible.
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karr company borrowed $100,000 by signing a 5-year note payable at 8% interest. at the end of year 5, karr will repay the bank $146,933. at the time the note is signed, the $100,000 is referred to as the of the note payable.
The $100,000 is referred to as the of the note payable $8000
Accounts payable refers to the liability on the balance sheet that represents money owed by a company to its suppliers (AP). Liabilities for notes payable, on the other hand, are obligations established by formal legal instrument documents. Processing and analyzing supplier transactions, as well as ensuring that any outstanding invoices from suppliers are authorized, processed, and paid, are the main responsibilities of an accounts payable department. Key details must be taken note of and recorded into the company's bookkeeping or financial system while processing an invoice. Following this, the invoices must go through the company's unique business processes in order to be paid.
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you are a landlord and one of your tenants complained that the refrigerator was not working properly. you plan to sell this property in three years, so you are only concerned with the least expensive solution that results in the refrigerator working for the next three years. to address this issue you can purchase a new refrigerator for $400 and it will last for 3 years. you can repair the current refrigerator for $150, but estimate there is only a 30% chance it will last a full 3 years. if the repaired refrigerator does not last a full 3 years, you will end up purchasing a new refrigerator, but it will cost you $500 if you wait. you can buy a used refrigerator for $200, and there is a 60% chance it will last for 3 years. if it breaks down within the three years, you estimate a 40% probability that you will repair the used refrigerator for $150; otherwise, you will end up purchasing a new refrigerator for $500. if the used refrigerator is repaired, there is only a 30% chance it will last the remainder of the 3 years. if the repaired used refrigerator breaks down within three years from today, you will end up purchasing a new refrigerator for $500. develop a decision tree and attach it
The answer of the question is the total cost for repair is $500 and the total value if used machine is bought $400.
value at c1 = 0.3 * 0 + 0.7 * 500
= 350
hence the total cost for repair = $150 + $350
= $500
value at c3 = = 0.3 * 0 + 0.7 * 500
= 350
hence total cost relevant for d2 for repair = = $150 + $350
= $500
both values are same hence either repair or buying can be done at d2 node.
value at c2 = 0.6 * 0 + 0.4 * 500
= $200
hence the total value if used machine is bought $400
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the process of communicating the income and expenses of a business and its financial health is known as .
Accounting. the process of explaining a company's earnings, costs, and financial standing.
What steps do you take to manage your income and expenses?private money management. is the process of keeping your income and expenses under control. strategy for automatic deductions. Your paycheck is automatically withheld from your savings account and deposited, preventing you from having access to the money.
What phrase describes a component of the formal record-keeping of commercial transactions?The systematic recording and organization of financial transactions in a business is known as bookkeeping.
What three categories of accounting are there?The three types of accounting that a corporation might use to track its income are managerial accounting, financial accounting, and cost accounting.
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a firm can become a channel captain because it is typically the channel member with the ability to influence the behavior of other members. which of the following is the most likely source of that influence?
A firm can become a channel captain because it is typically the channel member with the ability to influence the economic power.
What is economic power?Economic power is the capacity of nations, corporations, or people to raise their level of living. It lessens the power of any outside influence to restrict their freedom and promotes their freedom to make judgments that are in their own best interests.Economic power includes a sizable portion of purchasing power. Economic power can be attained by nations, businesses, and people by increasing their income and consequently their wealth. This enables people to meet their requirements by acquiring more and better goods and services.A product or service that offers the world a genuine benefit is the best method to boost revenue. Customers will pay the maximum price to obtain that benefit due to the rules of supply and demand.To learn more about economic power, refer to
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Each year, top sales consultants for Mary Kay Cosmetics earn the use of a signature pink Cadillac, and the keys are presented to these consultants at an elaborate awards banquet. This is an example of the use of ______ to reinforce organizational culture.
ceremonies
Each year, top sales consultants for Mary Kay Cosmetics earn the use of a signature pink Cadillac, and the keys are presented to these consultants at an elaborate awards banquet. This is an example of the use of rite or rituals to reinforce organizational culture.
Rite and rituals in a company is regulated for a supportive culture and appreciation of the work of employees. It motivates the employees to achieve more accomplishments. The team celebrates such achievements as a part of rite and rituals in the company.
It creates a positive working environment and boosts the morale of employees. Sharing lunch together or departmental celebration monthly or weekly for employee appreciation are all a part of rite and rituals in a company.
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the ________perspective is mostly concerned with identifying how power relationships and economic systems produce environmental and social conditions.
The political economy perspective is mostly concerned with identifying how power relationships and economic systems produce environmental and social conditions.
What defines political economy?Political economy is a social science discipline that analyzes the interactions between people and society, as well as between markets and the state, employing a wide collection of tools and methodologies derived mostly from economics, political science, and sociology.Capitalism, socialism, and communism are the three forms of political economies. The government and society own resources in communism and socialism, respectively, whereas private people own resources in capitalism.Political economics is a social science that investigates production, commerce, and their interactions with the law and government. It is the study of how economic theories impact various socioeconomic systems, such as socialism and communism, as well as the development and implementation of public policy.To learn more about Political economy refer,
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According to the concept of bounded rationality, managers make decisions ________.
According to the concept of bounded rationality, managers make decisions rationally, but are limited by their ability to process information.
Bounded rationality. is the concept that once people make decisions, their rationality is restricted through the records they have, the cognitive barriers in their minds, and the time to be had to make the selection.
In selection making, rationality of people is restricted through the records they have, the cognitive barriers in their mind, and the finite quantity of time they need to make a selection. Bounded rationality prevails whilst a hard and fast of barriers or constraints complicate the rational selection making process.
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in most cases, involuntary turnover should not occur based on one employee offense. an effective discipline program should have a system in place that includes documentation and progressive measures of discipline (called the progressive discipline system) to teach employees what is expected. additionally, many organizations use alternative dispute resolution (adr), employee assistance programs (eap), and possibly outplacement counseling as part of this process. this activity is important because establishing a formal discipline process, called progressive discipline, allows the organization to have a systematic way to handle employee problem behaviors fairly. the primary purpose is to teach employees what is expected of them and create the opportunity in which the employee tries to do what is expected. progressive discipline identifies and communicates unacceptable behaviors and responds to repeated offenses with a series of graduated steps such as spoken and written warnings, temporary suspensions, and termination. the consequences become more serious if the employee repeats the offense. examples that could be addressed include tardiness, absenteeism, performance issues, and cyberslacking. other organizations use impartial outsiders to solve problems using alternative dispute resolution. adr has four stages: open-door policy, peer review, mediation, and arbitration. discipline issues that do not deal with interpersonal or performance elements may be resolved through an employee assistance program (eap). these programs provide professional treatment for various problems, such as drug and alcohol abuse. lastly, if after a series of offenses, the employee is terminated, they may be provided with outplacement services that will help them build skills to manage the transition to find new employment. the goal of this activity is to match the appropriate type of discipline and associated phase of the process the employee is experiencing based on the situation.
*Hot Stove Rule:
~Termination: [Vincent]*Progressive Discipline:
~Unofficial Spoken Warning: [Debra]~Official Written Warning: [Maggie]~Temporary Suspension & Written Last Chance Notice: [Trevor]~Outplacement Services: [Audrey]*Alternative Dispute Resolution:
~Open-Door Policy: [Katy]~Peer Review: [Joe and Matt]~Mediation: [Zander]~Arbitration: [Thomas]*Employee Assistance Program:
~Counseling & Referral Services: [Liz]Discipline is defined as the regulation and modulation of human activities in order to achieve a controlled performance. The true goal of discipline is straightforward. Its purpose is to encourage employees to adhere to established job performance standards and to behave responsibly and safely at work. Preventative, supportive, and corrective discipline are the three types of discipline.
Management uses discipline to modify undesirable performance and behavior through the use of a corrective action process. Supervisors are strongly encouraged to contact Employee Relations staff for assistance at the onset of any employee performance or conduct issues.
The employee lifecycle is an organizational method for visualizing how an employee interacts with the company in which they work. The employee lifecycle divides a company's entire employee experience into seven stages: attraction, recruitment, onboarding, development, retention, separation, and advocacy.
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the number of customers waiting for gift-wrap service at a department store is an rv x with possible values 0, 1, 2, 3, 4 and corresponding probabilities 0.1, 0.2, 0.3, 0.25, 0.15. a randomly selected customer will have 1, 2, or 3 packages for wrapping with probabilities 0.55, 0.35, and 0.1, respectively. let y
The number of customers waiting for gift-wrap service at a department store
(a) 0.0416 (b) 0.0012
(a) We can separate the probabilities of the two events in a multiplication of probabilities:
P(X=3,Y=3) = P(X=3)*P(Y=3)
*It is assumed there is no correlation between the number of clients waiting and the number of packages they want to wrap.
There is only one combination possible of packages between the clients, because they all have to have at least one package to wrap.
P(X=3,Y=3) = P(X=3)*P(Y=3)
P(X=3,Y=3) = P(X=3)*P(Y1=1,Y2=1,Y3=1) = 0.25*(0.55*0.55*0.55) = 0.0416
(b) To have 11 packages distributed in 4 customers , one needs to have 2 packages to wrap and the others 3 packages. There is 4 permutations of this, all with the same probability of ocurrence.
P(X=4,Y=11) = P(X=4) * P(Y1=3;Y2=3;Y3=3;Y4=2)*4
P(X=4,Y=11) = 0.15*(0.2*0.2*0.2*0.25)*4=0.0012
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"making planning in itself is not sufficient."what is the requirement for the business to be successful.
Answer:
organization
Explanation:
if you are organized then you will have smoother and cleaner place to work in
Answer:
Do what you think, one day you will surely succeed.
If a firm issues debt and includes protective covenants in the indenture then the firm's debt will probably be issued at _____ similar debt without the covenants.
Multiple Choice
a. an interest rate equal to that of
b. a lower interest rate than
c. a significantly higher interest rate than
d. a variable interest rate rather than the fixed rate paid on
e. a slightly higher interest rate than
If a firm issues debt and includes protective covenants in the indenture then the firm's debt will probably be issued at lower interest rate than similar debt without the covenants.
Hence, Option B is correct.
What do you mean by Interest rates ?
Interest rate can be defined as the amount which is charged above the principal amount by the lender.They influence borrowing costs and spending decisions of people in general.If the cost of borrowing increases then money becomes more expensive. This makes everything more costly. They are usually determined in a free market as well as the overall will of consumers, businesses, and governments.By going through this, we can conclude that Option B is correct.
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If appreciated securities are inherited, the tax basis to the beneficiary is:
A. cost of the securities
B. fair market value at the date of death
C. fair market value 6 months after death if values have fallen
D. either Choice B or C above
A
The best answer is D.
The basic rule for inherited securities is that they are transferred to the beneficiary at fair market value at the date of death. However, the tax code allows an exception for estates that require a federal filing (those with over $5,450,000 of assets in 2016). In this case, the estate can choose to use an "alternate valuation date" that is set 6 months after death. It would choose to do this if the securities have depreciated, resulting in a lower estate tax liability.
d. Either b or c. fair market value at the date of death fair market value 6 months after death if values have fallen
The ideal response is D. As a general rule, inherited securities are given to the recipient at their fair market value on the date of death. The tax rules does, however, permit an exception for estates that must file a federal tax return (those with more than $5,340,000 in assets in 2014).
In this situation, the estate may opt to utilise a "alternative value date" that is determined six months after the decedent's passing. If the value of the securities has decreased, lowering the estate tax obligation, it would decide to take this action.
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which federal government policy influences business cycle fluctuations by taking action on taxes, spending, and borrowing?
The Federal Government policy that influences the business cycle fluctuations by taking action on taxes, spending, and borrowing is Fiscal Policy.
Fiscal policy refers to the use of government spending and tax policies to impact economic conditions, primarily macroeconomic conditions. These comprise aggregate demand for goods and services, employment, inflation, and economic development.
Fiscal policy is often discerned with monetary policy, which is enacted by central bankers and not elected government officials. This is mainly based on ideas from British economist John Maynard Keynes.
U.S. fiscal policy is largely based on the ideas of John Maynard Keynes. His theories were formulated in response to the Great Depression.
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Permanent declines in inflation such as those seen in Chile and Sweden must have been a result of:a. an increase in the central bank's inflation target.b. a decrease in the central bank's inflation target.c. less independence for their central banks.d. a change to targeting interest rates instead of inflation rates.
Permanent declines in inflation such as those seen in Chile and Sweden must have been a result is a decrease in the central bank's inflation target.
What is meant by inflation ?Inflation is the rate of price growth over a predetermined period of time. Inflation is sometimes quantified in generic terms, such as the general increase in prices or the increase in the cost of living across a country.
Inflation is the term used to describe a steady increase in the average cost of goods and services. For instance, milk costs 50 rupees per litre in 2021 compared to 45 rupees per liter in 2020. Inflation rate is therefore equal to 10% (50 - 45 x 100).
John Taylor, a Stanford economist, claims that when the Federal Reserve sets an interest rate that is too low or when the growth of the money supply is too rapid, inflation increases. low or when the growth of the money supply is too rapid, as it is at the moment.
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Antibiotic resistance is a major concern as microbes can rapidly develop resistance when antibiotics are not used appropriately. Which of the following examples best describes how this occurs?
Microbes respond to the presence of antibiotics by deliberately developing resistance mechanisms.
Exposure to too much of an antibiotic causes resistance.
Antibiotics are mutagenic. They cause mutations, like other mutagenic chemicals.
In any population of microbes, some individuals may have resistance genes. When exposed to an antibiotic, there is selection for the microbes that have these genes.
When antibiotics are present, microbes respond by consciously creating resistance mechanisms. Antibiotic resistance develops when an antibiotic is overused. Antibiotics can cause mutations. Like other mutagenic substances, they result in mutations.
What are antibiotics?A particular class of antimicrobial agent that works against bacteria is an antibiotic. Antibiotic drugs are frequently employed in the treatment and prevention of bacterial infections because they are the most effective type of antibacterial agent for doing so. Bacteria may be killed or have their growth suppressed. Antibiotics are chemicals created by a living thing that prevent the growth of bacteria and fungi, which are two types of microorganisms that can cause disease. Some instances of antibiotics Penicillin. Streptomycin. The spectrum of activity of antibiotics—specifically, whether they are narrow-, broad-, or extended-spectrum agents—can be used to classify them. Gram-positive bacteria are largely affected by narrow-spectrum medications like penicillin G.
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you purchased 320 shares of stock at a price of $47.76 per share. over the last year, you have received total dividend income of $355. what is the dividend yield?
The dividend yield of the stock is $7.43.
What is dividend yield?A company's market capitalisation is calculated by dividing its total yearly dividend payments by the number of shares outstanding, assuming that number remains constant. A percentage is a common way to express it. Using solely the returns in the form of the total dividends the company issued throughout the year, dividend yield is used to determine the return on investment (ROI) for shares. The prospectus contains information on dividend distributions for preferred stocks (also known as "preference shares" in the UK). Normally, the preferred share's nominal yield in relation to the issue price is included in the name, for instance, "6% preferred share." To be passed over or diminished, however, is a possibility in some situations.
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Monopoly profit will _____ when a monopolist goes from single-price monopoly to perfect price discrimination.
Monopoly profit will lower when a monopolist goes from single-price monopoly to perfect price discrimination.
Results of best fee discrimination: extra can be produced than a single-fee monopolist (Qp=MC at the graph below) a few purchasers pay better fees than they could if there has been no fee discrimination (Pm), however different purchasers pay decrease fees.
First-diploma discrimination, or best fee discrimination, happens when a enterprise costs the most viable fee for every unit consumed. Because fees range amongst units, the corporation captures all to be had purchaser surplus for itself or the financial surplus.
A discriminating monopoly is a monopoly corporation that costs extraordinary fees to extraordinary segments of its purchaser base. An on-line store may also fee better fees to consumers in rich ZIP codes and decrease fees to the ones in poorer regions.Price discrimination normally allows growth the monopoly corporation's income by maximizing its general revenue. A monopolist costs a few clients better fees in place of a uniform charge for all consumers.
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kala and leah, partners in best designs, have capital balances of $40,000 and $60,000, respectively. adam joins the partnership by buying one-half of kala's interest for $30,000. in addition, because of adam's outstanding sales skills, the partners agree to increase his interest to 40% if he invests another $10,000. the income-sharing ratio of kala, leah, and adam is 4:3:1. question content area a. journalize the entries to record (1) the purchase kala's interest by adam and (2) adam's contribution of $10,000 to the partnership. if an amount box does not require an entry, leave it blank. (1) - select - - select - (2) - select - - select - - select - - select - - select - - select - - select - - select - question content area b. immediately after adam's admission to the partnership, leah sells one-fourth of her interest to denton for $35,000. journalize the entry to record this transaction. blank - select - - select -
The required Journal Entry with all the information provided is given below.
a) Keep a journal and note Adam's relationship admissions.
Account Title Dr Cr
Kala, Capital 20,000
Adam, Capital 20,000
Cash 10,000
Kala, Capital 8,000
Leah, Capital 6,000
Adam, Capital 24,000
b) Leah sells Denton one-fourth of her stake for $30,000 right away after Adam is admitted to the partnership. record the transaction by journalizing the entry.
Account Title Dr Cr
Leah, Capital 13,500
Denton, Capital 13,500
Hence the above is the Journal entry of the given question with Leah's Capital $13,500 and Denton's Capital $13,500.
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three basic corporate strategies to creating value and achieving market stature are operational excellence, product leadership, and customer intimacy.
Three basic corporate strategies to creating value and achieving market stature are operational excellence, product leadership, and customer intimacy. Joe's company prides itself on efficient production and delivery of products, in addition to offering low prices and convenience to its customers.
What are the corporate strategies?
A corporate strategy is a long-term plan with specific objectives for a business. Although each goal's objective may vary, the main aim of a corporate strategy is to advance the business. The corporate strategy of a corporation could be to prioritize sales, expansion, or leadership.
Corporate strategy is to generate higher sustained economic rents from a group of companies than those companies would otherwise produce on their own or when controlled directly by a group of shareholders.
Cost, quality, distribution, technology, and intellectual property are the only five corporate tactics (IP). These five concepts, or a mixture of them, form the basis of all corporate strategy.
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on december 1, home store sells a mower (that costs $200) for $500 cash with a one-year warranty that covers parts. warranty expense is estimated at 8% of sales. on january 24 of the following year, the mower is brought in for repairs covered under the warranty requiring $35 in materials taken from the parts inventory. prepare the december 1 entry to record the mower sale (and cost of sale), the december 31 adjusting entry for estimated warranty liability, and the january 24 entry to record the warranty repairs.
Journal entries are basically done to record the transaction that are taking place in a business organization.
Following are journal entries:
Sept. 1
Cash 500
To Sale 500
Sept. 1
Cost of goods sold 200
To Merchandise inventory 200
Sept. 1
Warranty expense 40
To Estimated warranty liability 40
Jan. 24
Estimated warranty liability 35
To Repair part inventory
In order to document a business recorded in the accounting records of the company, a journal entry is employed. A journal entry is often made in the general ledger, but it can also be made in a special account and subsequently rolled forward towards the ledger accounts after being summarized. After then, the ledger is utilized to produce the company's financial statements.
Every business transaction should be documented in at least two places, according to the reasoning behind a journal entry.
The complete question is here:
Journal entry for product warranty
On September 1, home store sells a mower (that cost $200) for $500 cash with one year warranty that covers parts. Warranty expenses is estimates at 8% of sales. On January 24 the following year, the mower is brought in for repairs covered under the warranty requiring $35 in materials taken from the repair part inventory. Prepare the September 1 entry to record the mower sale (and cost of sale) and the January 24 entry to record the warranty repairs.
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How does an investor make money?.
Appreciation and income are the two ways that investors profit. When the value of an asset rises, appreciation takes place. Income is the consistent flow of cash from the sale of an asset.
Who is an investor?Long-term returns on stocks typically range from 7 to 10%. They could perform much better or much worse than that in any given year. The market almost always produces money when looked at over longer periods (10 to 15 years or more).
The majority of investors pay cash for houses, eliminating the risk associated with a buyer asking for a mortgage. Even if a buyer has received loan preapproval, the lender may decide that the buyer's creditworthiness has changed and decline to provide the funds required to purchase your house.
Most people agree that Warren Buffett has been the most successful investor in history.
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