The structural weaknesses of state-owned enterprises can be resolved through privatization, improved governance, and market-oriented reforms.
State-owned enterprises (SOEs) often face structural weaknesses due to factors such as bureaucracy, lack of competition, political interference, and inefficient decision-making processes. Resolving these weaknesses requires a comprehensive approach that addresses governance, market orientation, and ownership structure.
Privatization: Privatizing SOEs by transferring ownership to private investors can help improve their efficiency and performance. Privatization reduces government interference and brings in market discipline, competition, and private sector expertise, leading to better resource allocation and operational effectiveness.
Improved governance: Strengthening corporate governance mechanisms within SOEs is essential.
This includes enhancing transparency, accountability, and independence in decision-making processes. Implementing professional management practices, establishing boards with diverse expertise, and conducting regular performance evaluations can help mitigate the negative impact of political interference and improve operational efficiency.
Market-oriented reforms: Introducing market-oriented reforms within SOEs can enhance their competitiveness. This involves granting them more autonomy, allowing market-based pricing mechanisms, fostering innovation, and encouraging competition.
Encouraging a level playing field and removing barriers to entry can stimulate efficiency and productivity within SOEs.
Restructuring and rationalization: Assessing the viability of SOEs and undertaking restructuring efforts can help eliminate redundant operations, reduce inefficiencies, and focus on core competencies. This may involve divestitures, mergers, or strategic alliances to create stronger and more competitive entities.
Capacity building: Enhancing the skills and capabilities of SOE employees through training programs and professional development initiatives can improve their performance and efficiency. This includes providing specialized training in areas such as finance, operations, marketing, and corporate governance.
Resolving the structural weaknesses of state-owned enterprises requires a multi-faceted approach that combines market-oriented reforms, improved governance, privatization where appropriate, and capacity building. These measures aim to increase efficiency, competitiveness, and accountability within SOEs, leading to better economic outcomes and overall performance.
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How many stages does the process of final accounting have?
The process of final accounting typically involves four stages.
How many stages does process of final accounting have?These stages are:
1. Recording: In this stage, financial transactions are recorded in the appropriate accounts using the double-entry bookkeeping system.
2. Adjusting: Adjusting entries are made to account for accruals, deferrals, and other adjustments necessary to ensure that the financial statements reflect the correct financial position and results of operations.
3. Summarizing: In this stage, the adjusted trial balance is prepared, and the financial statements are generated, including the income statement, balance sheet, and statement of cash flows.
4. Closing: The final stage involves closing the temporary accounts, such as revenue and expense accounts, into the retained earnings account to start the new accounting period with zero balances in those accounts.
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Keesha Company borrows $175,000 cash on November 1 of the current year by signing a 180-day, 9%, $175,000 note
After 180 days from the borrowing date, Keesha Company must pay the lender a total of $183,219.18.
Given
Borrowing = $175,000
Rate = 9%
Time = 180 days
Assume: 365 days
Required to calculate the total repaid amount after 180 days
Interest = Borrowing x rate x time / 365 x 365
= $175,000 x 9 x 180 / 365 x 100
= $8219.18
Amount repaid = borrowing + interest
= $175,000 + $8219.18
= $183,219.18
Therefore, After 180 days from the borrowing date, Keesha Company must pay the lender a total of $183,219.18.
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When translated into a network a work package will become ?
Answer:When translated into a network, a work package will typically become a node or a task in the project network. In project management, a network diagram, such as a Gantt chart or a PERT chart, is used to visually represent the sequence and dependencies of tasks in a project. Each work package, which represents a specific deliverable or a defined scope of work, is represented as a node or a task in the network. The network diagram helps to illustrate the flow and relationships between the work packages and facilitates the scheduling and coordination of the project activities.
Explanation:
Mr. Udefien commence business on |" of January 20x8 by transferring 720,000 from his private current account into a bank account which he had opened for the business. His transaction for the month of January 20x8 was and follows;
January 1
Bought goods on credit from Yakubu
120.000
January 2
Withdraw cash from bank for office use
18.000
January 3
Sold on credit to Dauda
150,000
January 4
Bought goods on credit from Bashiru
180.000
January 6
Sold goods to Okechukwu on credit
220.000
January 7
Paid rent by cash
2,500
January 9
Withdraw cash from office till for personal use
3.000
January 10
Bought goods from Bemigho on credit
100.000
January 11
Goods returned by Dauda
17,000
January 12
Sold goods on credit to Anthony
140,000
January 14
Cash purchases from Ekpulu paid by cheque
40.000
January 15
Goods returned to Yakubu
8.200
January 16
Cost of goods taken for private use
5,000
January 17
Sold goods (selling price N20,000) to Akintola giving a trade discount of 10%
20,000
January 25
Goods returned to Bemigho
5.000
January 26
Purchased goods worth 70,000 on credit from A minu at a trade discount of 10%
January 27
Paid cash of w18.000 to Bemigho after deducting discount of 10%
January 29
Received cash from Dauda in full settlement of his account
January 29
Cheque received from Anthony
January 30
Deposited cash into bank
January 30
Paid salaries by cash
January 31
Withdrew cash from bank to pay his son's school fees
January 31
Paid Bashiru by cheque
130.000
50,000
80,000
5,000
3,000
80.000
You are required to prepare
i. write up a 3 column cash book and other subsidiary books
The cash book helps track cash and bank transactions, while the purchases journal, sales journal, and returns journal assist in categorizing specific types of transactions. These books enable efficient record-keeping and facilitate financial analysis and reconciliation processes.
To prepare the necessary books for Mr. Udefien's business transactions in January 20x8, we will create a three-column cash book along with subsidiary books such as the purchases journal, sales journal, and returns journal. Here's a breakdown of the entries:
Cash Book:
Date | Particulars | Cash | Bank |
Jan 1 | Bought goods on credit from Yakubu | | |
| (Credit purchase) | | |
Jan 2 | Withdraw cash from bank for office use | 18,000 | |
Jan 3 | Sold on credit to Dauda | | |
| (Credit sale) | | |
Jan 4 | Bought goods on credit from Bashiru | | |
| (Credit purchase) | | |
Jan 6 | Sold goods to Okechukwu on credit | | |
| (Credit sale) | | |
Jan 7 | Paid rent by cash | 2,500 | |
Jan 9 | Withdraw cash from office till for personal use | 3,000 | |
Jan 10 | Bought goods from Bemigho on credit | | |
| (Credit purchase) | | |
Jan 11 | Goods returned by Dauda | | |
| (Credit sale return) | | |
Jan 12 | Sold goods on credit to Anthony | | |
| (Credit sale) | | |
Jan 14 | Cash purchases from Ekpulu paid by cheque | 40,000 | |
Jan 15 | Goods returned to Yakubu | | |
| (Credit purchase return) | | |
Jan 16 | Cost of goods taken for private use | 5,000 | |
Jan 17 | Sold goods to Akintola | | |
| (Credit sale) | | |
Jan 25 | Goods returned to Bemigho | | |
Jan 26 | Purchased goods on credit from Aminu | | |
| (Credit purchase) | | |
Jan 27 | Paid cash to Bemigho after discount | 18,000 | |
Jan 29 | Received cash from Dauda | 150,000 | |
Jan 29 | Cheque received from Anthony | | |
Jan 30 | Deposited cash into bank | | |
Jan 30 | Paid salaries by cash | 80,000 | |
Jan 31 | Withdrew cash from bank to pay son's school fees | 5,000 | |
Jan 31 | Paid Bashiru by cheque | | 130,000 |
Purchases Journal:
Date | Supplier | Amount |
Jan 1 | Yakubu | 120,000 |
Jan 4 | Bashiru | 180,000 |
Jan 10 | Bemigho | 100,000 |
Jan 26 | Aminu | 70,000 |
Sales Journal:
Date | Customer | Amount |
Jan 3 | Dauda | 150,000 |
Jan 6 | Okechukwu | 220,000 |
Jan 12 | Anthony | 140,000 |
Jan 17 | Akintola | 20,000 |
Returns Journal:
Date | Supplier/Customer | Amount |
Jan 11 | Dauda | 17,000 |
Jan 15 | Yakubu | 8,200 |
Jan 25 | Bemigho | 5,000 |
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What are some key considerations when selecting a security system for a warehouse?
Warehouses can be considered the core of a business or organization because they store goods and supplies. Thus, securing the warehouse is crucial.
When selecting a security system for a warehouse, there are some key considerations that must be kept in mind, as outlined below:
1. Purpose of the security system: The primary purpose of the security system should be to detect and deter unauthorized personnel or intruders. It should also monitor the goods and people entering and leaving the warehouse to ensure that there are no theft or security breaches.
2. Level of Security Required: Different types of warehouses require different security systems depending on the type of products stored and the size of the warehouse. If the warehouse contains highly valuable or dangerous products, a high-level security system is needed. A low-level security system can be used for warehouses containing less valuable products.
3. Type of Security System Needed: The type of security system needed depends on the size of the warehouse. A smaller warehouse can be secured with a CCTV camera and alarm system. For larger warehouses, a more comprehensive security system is required that includes an access control system, intruder alarm, and CCTV cameras.
4. Integration with the existing IT infrastructure: The security system should be compatible with the existing IT infrastructure of the warehouse. This ensures that the security system does not conflict with the existing system and can easily be monitored from a central control room.
5. Cost of the security system: When selecting a security system, the cost should be considered. A comprehensive security system that includes intruder alarms, access control systems, and CCTV cameras is expensive. A cost-effective security system that provides basic security measures is the best option for small warehouses.
In conclusion, when selecting a security system for a warehouse, it is essential to consider the level of security needed, the type of security system required, and the cost of the security system. The security system must be able to integrate with the existing IT infrastructure and must serve the purpose for which it is being installed.
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You deposit $1000 in a savings account that earns 2% interest per year. How much money will you have at the end of 3 years assuming compound interest (3 years of compound interest)? Round all figures to the nearest cent.
The amount of money that you will have at the end of 3 years if the interest is compounded will be $ 1, 092. 73
How to find the amount after compounding ?To calculate the amount of money you will have at the end of 3 years with compound interest, the formula is :
= Initial amount saved x ( 1 + rate ) [tex]^{number of years}[/tex]
We are given :
Initial amount = $ 1, 000
Rate = 2 %
Number of years = 3 years
The amount saved after three years is:
= 1, 000 x ( 1 + 3 % ) ³
= 1, 000 x 1. 03 ³
= $ 1, 092. 73
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In the month of June, Angela's Beauty Salon gave 3,500 haircuts, shampoos, and permanents at an average price of $30. During the month, fixed costs were $16,800 and variable costs were 80% of sales. Instructions (a) Prepare the Contribution Margin Income statement and determine the contribution margin in dollars, per unit, and as a ratio. (b)Using the contribution margin technique, compute the break-even point in dollars and in units.
(a) Contribution margin income statement is also known as the contribution income statement. It is a form of an income statement that emphasizes the cost-behavior information. This statement classifies costs as fixed and variable and computes a contribution margin.
The contribution margin is the difference between the sales revenue and the total variable expenses. From the contribution margin, we can deduct the fixed costs to get the net operating income.
Contribution Margin Income Statement for Angela’s Beauty Salon:Particulars Amount ($)Sales revenue1,05,000Less: Variable expenses8,400 (80% of $1,05,000)Contribution margin 96,600Less: Fixed expenses16,800Net operating income79,800Contribution margin per unit = Contribution margin / Units sold = $96,600 / 3,500= $27.60Contribution margin ratio = Contribution margin
Sales revenue = $96,600 / $1,05,000 = 92%(b) The contribution margin technique is a method to determine the break-even point. Break-even point refers to the level of sales where the total costs are equal to the total revenues. The contribution margin is the key factor to determine the break-even point.
Break-even point (in dollars) = Fixed costs / Contribution margin ratio= $16,800 / 0.92 = $18,260.87Break-even point (in units) = Fixed costs / Contribution margin per unit= $16,800 /
$27.60 = 608.70 ≈ 609 unitsSo, Angela’s Beauty Salon should sell at least 609 units at an average price of $30 to break even.
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Visit any nearby business of your locality and collect the information to prepare a project work report by taking the following information. 1)name and address of the firm. 2)find out whether the journal is maintained or not. 3) following the values of debit and credit. 4)the recording of business transactions in the journal
It is impossible to visit any nearby business of your locality and collect the information to prepare a project work report based on the factors given
What is a firmA common term for a company or business organization is "firm". A business is an organization involved in diverse economic endeavors, ranging from the production of goods, provision of services to trading of products.
A company usually has defined legal framework, ownership, and administration, with the main aim of earning profits or attaining specific goals. Companies can vary in their scale, spanning from petite regional enterprises to enormous global conglomerates.
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If stock prices go up then investors____.
If stock prices go up then investors make higher profits or gains. Strong earnings typically lead to an increase in the stock price (and vice versa).
However, the stock price of some businesses that aren't doing all that well is nonetheless skyrocketing. Investor hopes that the firm would become profitable in the future are reflected in this growing price. There are, however, no assurances that a firm will live up to the current aspirations of investors to become a high-earning corporation in the future, regardless of the stock price.
The price of a stock can also be impacted by business-specific news, such as the publishing of an earnings report, especially if the firm is posting after a weak quarter.
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Which of these is an example of a monopoly? Utility companies Soda companies Airlines Computer companies
Utilities firms are one example of a monopoly among the possibilities given. When they are the exclusive provider of these necessary services in a certain region, utility firms, such as those that provide electricity, water, or natural gas, frequently act as Monopoly. As a result, customers are virtually forced to adopt the services offered by the local utility company since they have no other alternatives.
The Landlord's Game, which was developed by Lizzie Magie in the United States in 1903 to advance Henry George's economic theories, particularly his views on taxation, and to show that an economy that rewards Utilities individuals is preferable to one in which monopolies hold all the wealth, is the source of Monopoly.
The Landlord's Game originally featured two sets of rules, one that included taxes and another that serves as the foundation for the present regulations.
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Please look at the attached document
When compared to previous years, if the provision for doubtful debts rises in the coming year, it indicates that the business believes there is a greater chance that consumers would miss payments. That is the additional information an analyst would determine from the variability concern.
In 2016 the company's doubtful debts increase to 45,236 which is higher than we compared with the doubtful debts of 2015 43,230 it means that increases in the provision for doubtful debts are a sign of potential risks and uncertainties in the business's receivables, but they do not guarantee that all of the company's customers would be unable to payment their bills. The corporation is being proactive by taking this action to maintain a conservative financial position and account for potential losses.
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STEP 1 1. Explain the five basic costs curves that SEGAO Bricks will experience. ert MC =MR
The five basic cost curves that SEGAO Bricks will experience are:
1. Total Cost (TC) Curve: The total cost curve represents the relationship between the total cost of production and the quantity of output produced. It shows how the total cost changes as the level of production changes.
2. Marginal Cost (MC) Curve: The marginal cost curve represents the additional cost incurred by producing one more unit of output. It shows how the cost of producing each additional unit changes as the quantity of output increases. The marginal cost curve is derived from the change in total cost divided by the change in quantity.
3. Average Total Cost (ATC) Curve: The average total cost curve represents the average cost per unit of output. It is calculated by dividing the total cost by the quantity of output. The average total cost curve shows how the average cost changes as the level of production increases.
4. Average Variable Cost (AVC) Curve: The average variable cost curve represents the variable cost per unit of output. It is calculated by dividing the variable cost by the quantity of output. The average variable cost curve shows how the variable cost per unit changes as the level of production increases.
5. Average Fixed Cost (AFC) Curve: The average fixed cost curve represents the fixed cost per unit of output. It is calculated by dividing the fixed cost by the quantity of output. The average fixed cost curve shows how the fixed cost per unit changes as the level of production increases.
The equation MC = MR represents the condition for profit maximization in a perfectly competitive market. It states that a firm should produce at the quantity where the marginal cost (MC) equals the marginal revenue (MR). This ensures that the firm is maximizing its profit by producing the optimal quantity of output at which the additional revenue generated by producing one more unit (MR) is equal to the additional cost incurred (MC).
Question 1. A firm produces a product that sells for $150 per unit. Variable cost per unit is $67 and fixed
cost per period is $35,500. The firm's maximum capacity of production per period is 1,000 units.
a) Develop an algebraic statement for the revenue function, cost function, and profit function.
b) Determine the number of units required to be sold to break even.
c) Compute the break-even point as a percent of capacity.
d) Compute the break-even point in sales dollars.
The revenue function (R) shows the total amount of money made from the sale of a specific number of units. It is computed by dividing the total number of sold units by the selling price per unit. R = $150 * Selling Price per Unit * Number of Sold Units Q P = R - C , P = ($150 * Q) - ($67 * Q + $35,500), P = $83 * Q - $35,500
A calculation or equation that describes how certain sources of revenue will behave on a graph.
The most typical revenue function, for instance, is given by the equation y = bx, where y represents total revenue, b represents the selling price per unit of sales, and x represents the quantity of units sold.
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Case Study
Balance Sheet of XYZ Ltd as on 31‐Mar‐2015 and 31‐Mar‐2016
31.03.15 31.03.16 31.03.15 31.03.16
Liabilities Rs Rs. Assets Rs. Rs.
Share Capital 14,40,000 19,20,000 Fixed Assets 38,40,000 45,60,000
Capital Reserve --- 48,000 Less: Depreciation (11,04,000) (13,92,000)
General Reserve 8,16,000 9,60,000 27,36,000 31,68,000
Profit & Loss Account 2,88,000 3,60,000 Investments 4,80,000 3,84,000
9% Debenture 9,60,000 6,72,000 Cash 4,000 ___
Sundry Creditors & Bills Payable 5,76,000 6,24,000 Sundry Debtors
12,00,000 14,00,000
Proposed Dividend 1,44,000 1,72,800 Stock 1,40,000 1,84,000
Provision for Tax 4,32,000 4,08,000 Preliminary Expenses 96,000 48,000
Unclaimed Dividend ___ 19,200
46,56,000 51,84,000 46,56,000 51,84,000
Additional Information
1. During the year 2015 ‐ 2016, Fixed Assets with a book value of Rs 2,40,000 (accumulated depreciation Rs 84,000) was sold for Rs 1,20,000
2. Provided Rs 4,20,000 as depreciation on Fixed Assets
3. Some investments are sold at a profit of Rs 48,000 and the Profit was credited to Capital Reserve
4. It was decided that stocks be valued at cost, whereas previously the practice was to value stock at cost less 10 percent. The stock was Rs 2,59,200 as on 31.03.2015. The stock as at 31.03.16 was correctly valued at Rs 3,60,000
5. It was decided to write off Fixed Assets costing Rs 60,000 on which depreciation amounting to Rs 48,000 has been provided.
6. Debentures are redeemed at Rs 105
The net cash flow from operating activities for the year 2015-2016 is Rs. -25,08,000.
How to calculate the bet cash flowNet Profit for the year 2015-2016:
= Profit & Loss Account (31.03.16) - Profit & Loss Account (31.03.15)
= Rs. 3,60,000 - Rs. 2,88,000
= Rs. 72,000
Depreciation for the year 2015-2016:
= Depreciation (31.03.16) - Depreciation (31.03.15)
= Rs. 13,92,000 - Rs. 11,04,000
= Rs. 2,88,000
Gain on sale of Fixed Assets = Sale value - Book value
Book value = Book value (31.03.15) - Depreciation (31.03.15)
= Rs. 38,40,000 - Rs. 11,04,000
= Rs. 27,36,000
Sale value = Rs. 1,20,000
Gain on sale = Rs. 1,20,000 - Rs. 27,36,000
= Rs. -26,16,000
Decrease in Sundry Debtors = Sundry Debtors (31.03.15) - Sundry Debtors (31.03.16)
= Rs. 12,00,000 - Rs. 14,00,000
= Rs. -2,00,000 (negative since it's a decrease)
Increase in Sundry Creditors and Bills Payable = Sundry Creditors & Bills Payable (31.03.16) - Sundry Creditors & Bills Payable (31.03.15)
= Rs. 6,24,000 - Rs. 5,76,000
= Rs. 48,000
Net Cash flow from Operating activities = Net Profit + Depreciation - Gain on sale of Fixed Assets + Decrease in Sundry Debtors + Increase in Sundry Creditors and Bills Payable
= Rs. 72,000 + Rs. 2,88,000 - Rs. 26,16,000 - Rs. 2,00,000 + Rs. 48,000
= Rs. -25,08,000 (negative since it's a net outflow)
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Balance Sheet of XYZ Ltd as on 31‐Mar‐2015 and 31‐Mar‐2016
31.03.15 31.03.16 31.03.15 31.03.16
Liabilities Rs Rs. Assets Rs. Rs.
Share Capital 14,40,000 19,20,000 Fixed Assets 38,40,000 45,60,000
Capital Reserve --- 48,000 Less: Depreciation (11,04,000) (13,92,000)
General Reserve 8,16,000 9,60,000 27,36,000 31,68,000
Profit & Loss Account 2,88,000 3,60,000 Investments 4,80,000 3,84,000
9% Debenture 9,60,000 6,72,000 Cash 4,000 ___
Sundry Creditors & Bills Payable 5,76,000 6,24,000 Sundry Debtors
12,00,000 14,00,000
Proposed Dividend 1,44,000 1,72,800 Stock 1,40,000 1,84,000
Provision for Tax 4,32,000 4,08,000 Preliminary Expenses 96,000 48,000
Unclaimed Dividend ___ 19,200
46,56,000 51,84,000 46,56,000 51,84,000
Additional Information
1. During the year 2015 ‐ 2016, Fixed Assets with a book value of Rs 2,40,000 (accumulated depreciation Rs 84,000) was sold for Rs 1,20,000
2. Provided Rs 4,20,000 as depreciation on Fixed Assets
3. Some investments are sold at a profit of Rs 48,000 and the Profit was credited to Capital Reserve
4. It was decided that stocks be valued at cost, whereas previously the practice was to value stock at cost less 10 percent. The stock was Rs 2,59,200 as on 31.03.2015. The stock as at 31.03.16 was correctly valued at Rs 3,60,000
5. It was decided to write off Fixed Assets costing Rs 60,000 on which depreciation amounting to Rs 48,000 has been provided.
6. Debentures are redeemed at Rs 105
calculate the net cash flow from operating activities
The ways in which companies drive employee engagement and motivation may be rapidly evolving, but the recipe for creating a winning culture has always started with what?
A positive work environment fosters employee engagement, motivation, and innovation, leading to improved business results and talent retention. Continual improvement and commitment are key to maintaining a winning culture.
The ways in which companies drive employee engagement and motivation may be rapidly evolving, but the recipe for creating a winning culture has always started with the creation of a positive work environment.
Creating a positive work environment, it helps to encourage employees to share their talents, insights and ideas, and it drives creativity, teamwork and innovation. When employees are respected and treated fairly by management, they are more likely to feel invested in their job and committed to their work. A healthy and positive workplace culture is crucial for any company as it helps to drive business results and keep employees motivated and engaged.
It is important to note that maintaining a winning culture is an ongoing process that requires a commitment to continuous improvement, measurement and feedback. Companies that prioritize creating a positive work culture have a distinct advantage in terms of attracting and retaining top talent, driving innovation and achieving business success.
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1. A Company manufactures and sells one product. The product has the following cost and revenue data:
Selling price Per Unit (AED) 70
Variable cost Per Unit (AED) 30
Total fixed expenses per month are as follows:
Expenses types AED
Advertising 327287
Rent 100,000
Heating 100,000
The company produced and sold 10,000 units during the month and had no beginning or ending inventories.
a. What is the break-even value in Dirhams?
QUESTION 2
1. A Company manufactures and sells one product. The product has the following cost and revenue data
Selling price Per Unit (AED) 88
Variable cost Per Unit (AED) 30
Total fixed expenses per month are as follows:
Expenses types AED
Advertising 372923
Rent 100,000
Heating 100,000
The company produced and sold 10,000 units during the month and had no beginning or ending inventories.
a. How many units would the company have to sell to have a profit of AED 120,000?
QUESTION 3
1. A Company manufactures and sells one product. The product has the following cost and revenue data:
Selling price Per Unit (AED) 116
Variable cost Per Unit (AED) 39
Total fixed expenses per month are as follows:
Expenses types AED
Advertising 200,000
Rent 100,000
Heating 100,000
The company produced and sold 10,000 units during the month and had no beginning or ending inventories.
a. If the sales increase by 200 units, by how much well the net operating income (profit) increase?
1. In dirhams, the break-even point is roughly 13,182.18.
2. To make a profit of AED 120,000, the company would need to sell about 11,954.93 units.
3. When sales grow by 200 units, the net operating income rises by 8,000 dirhams.
1. a. We must establish the contribution margin per unit in order to calculate the break-even amount in dirhams. The selling price per unit less the variable cost per unit is the contribution margin.
Selling price per unit minus variable cost per unit equals contribution margin per unit.
Unit contribution margin = 70 - 30
Margin of contribution per unit = 40
When the overall contribution margin meets the total fixed expenses, a break-even point is reached. Let's figure out the break-even point:
Total fixed costs divided by contribution margin per unit yields the break-even amount.
Break-even value is equal to (327287 plus 100,000 plus 100,000) / 40.
Break-even value is equal to 527,287/40.
13,182.18 dirhams are needed to break even.s
2. b. Taking into account the contribution margin per unit and fixed expenses, we can determine how many units the company would need to sell to make AED 120,000 in profit.
Profit is equal to (Contribution margin per unit * Units Sold) - Total annual fixed costs
We may find the number of units by rearranging the formula:
(Number of units) = (Profit + Total fixed expenses) / Contribution margin per unit
(Number of units) = (120,000 + 372,923 + 100,000 + 100,000) / (88 - 30)
(Number of units) = 692,923 / 58
(Number of units) = 11,954.93 units
3. c. We must take into account the contribution margin per unit to determine the increase in net operating income (profit) when sales increase by 200 units.
Net operating income growth equals contribution margin per unit * growth in units
Net operating income growth equals 40 times 200.
8,000 dirhams more in net operating income
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In two to three sentences, describe how making minimum payments on credit card balances Increases the total cost.
Due to the gradual buildup of interest fees, making minimum payments on credit card balances raises the overall cost.
When you just pay the minimum amount required by your credit card company, you are only reimbursing a little percentage of the balance due and leaving the sum due to continue to accrue interest.
Interest rates on credit cards are frequently high, ranging from 15% to 25% or even more. You are just covering a portion of the interest costs by making the minimum payments, and the balance that is left over continues to accrue interest each month.
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Search the library and the Internet for information pertaining to the ethical violation made by an organization, past or present, and be sure not to identify the organization. See if this incident has occurred in other organizations; give 2 examples and their outcomes. (OWN WORDS)
Legitimizations that are Substantial for the Association's Activities Business ethics issues length a great many subjects inside an association's ethical rules. Straightforward moral issues in business include empowering conduct that depends on genuineness and trust, however more complicated issues include obliging variety, humane navigation, consistence, and administration that is reliable with the association's fundamental standards.
Business ethics, typically alluded to as corporate morals, is a subset of applied morals or expert morals that resolves moral or moral issues that might come up in the work environment.
It is critical to the activities of the two individuals and whole organizations and is relevant to all features of business behavior.
People, authoritative declarations, or the overall set of laws all add genuineness to these morals.
These guidelines, goals, moral convictions, and untrustworthy conduct act as an organization' core values.
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B C x-Coordinate 57 y-Coordinate 5 Hamilton 97 85 65 6 Kingsport 7 Chicago 35 130 8 Pittsburgh 90 110 9 New York 126 130 10 Atlanta 70 50 11 12 Center of Gravity 13 14 Use the area to the right to draw a scatter diagram. 15 1 2 ~34 A Center of Gravity Name D Volume 400 300 300 100 400 100 E Taylor Paper Products is a producer of paper stock used in newspapers and magazines. Taylor's demand is relatively constant, and thus can be forecast rather accurately. The company's two factories are located in Hamilton, Ohio, and Kingsport, Tennessee. The company distributes paper stock to four major markets: Chicago, Pittsburgh, New York, and Atlanta. The board of directors has authorized the construction of an intermediate warehouse to service those markets. Coordinates for the factories and markets as well as the amounts produced and demanded have been collected in the Microsoft Excel Online file below. Use the following equations to compute the coordinates of the center of gravity: C₂ = ΣXW₁/W G-ΣΥN/ΣΜ where C₂ = x coordinate of the center of gravity Cy = y coordinate of the center of gravity X₁ x coordinate location / Y = y coordinate of location / W₁ = volume of goods or services moved to or from location i Open the spreadsheet and perform the required analysis to answer the questions below. Open spreadsheet Questions 1. What are the x and y coordinates of the Center of Gravity? Round your answers to two decimal places. C₂: 74.29 Cy: 96.47 X
The x coordinate of the Center of Gravity (C₂) is approximately 14.25, and the y coordinate (Cy) is approximately 36.69.
To find the x and y coordinates of the Center of Gravity (COG) using the given data, we need to calculate the weighted averages of the x and y coordinates.
First, we calculate the weighted sum of the x coordinates (ΣXW₁):
ΣXW₁ = (57 * 400) + (85 * 300) + (65 * 300) + (6 * 100) + (97 * 400) + (35 * 100) = 22800
Next, we calculate the total volume of goods moved (ΣW₁):
ΣW₁ = 400 + 300 + 300 + 100 + 400 + 100 = 1600
Using the formula for the x coordinate of the COG (C₂):
C₂ = ΣXW₁ / ΣW₁ = 22800 / 1600 = 14.25
Similarly, we calculate the weighted sum of the y coordinates (ΣYW₁):
ΣYW₁ = (5 * 400) + (130 * 300) + (130 * 300) + (50 * 100) + (85 * 400) + (130 * 100) = 58700
Using the formula for the y coordinate of the COG (Cy):
Cy = ΣYW₁ / ΣW₁ = 58700 / 1600 = 36.69
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N 1: BUSINESS SECTORS Complete the table by referring to the companies/ profession and classify each under the correct business sector. Khulamini farming, Makwakwa Attorneys. Cape Timber & Mo Shoprite, Anglo platinum, Eskom. Thanda Construction (Pty) L PRIMARY SECTOR SECONDARY SECTOR TERTIARY SEC Advise businesses on the purpose (importance) of the private sector
Makwakwa Attorneys SECONDARY
Cape Timber & Mo SECONDARY
Shoprite SECONDARY
Anglo platinum SECONDARY
Eskom SECONDARY
What is the purpose and importance of the private sector?The private sector plays a crucial role in the economy by driving innovation, creating jobs and contributing to economic growth. It encompasses businesses and organizations that are privately owned and operated, rather than being under government control.
The private sector includes various industries such as agriculture, manufacturing, services, finance and more. Its purpose is to generate profit and provide goods and services to meet the demands of consumers. By operating independently, the private sector promotes competition, efficiency and entrepreneurship leading to economic development and increased prosperity.
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Assignment Directions: You're the assistant to the chief executive in charge of technology acquisition, and your boss wants to change cell phone carriers for the entire company! It's your job to determine your company's cell phone needs, research different service plans, and make a presentation on the pros and cons of each plan for the purposes of your company. Does your business need more minutes; more texting; more data; international calling; or more super-fancy phones? In this project, you will conduct research on three cell phone service plans. Find the following information: the company; the most suitable available phones; the price; features; and length of service. Compare and contrast the services provided and the cost of extra services. When you compare and contrast, be sure to compare apples to apples. For example, compare data plan features to data plan features, not cell phone camera pixels to Words with Friends capability. Which would you choose for your business and why? Which do you think Shirley Bobirley, Chief Executive Cell Phone Officer, is going to choose, based on your presentation? Assignment Guidelines: Create a business presentation that presents a clear point of view with support. This presentation may be via PowerPoint (minimum 6 slides) or paper (minimum 500 words). Your project should present all of the information effectively and clearly. Regardless of which presentation you choose, you should be prepared to actually present your findings to an audience. Submission Requirements: Business presentation When submitting written assignments, please remember to: Submit the assignment question(s) and your responses. Proofread for spelling, grammar, and punctuation. Remember to use complete sentence structure. Make sure paragraphs have at least six sentences.
I will take on the assignment of figuring out our company's cell phone needs, researching several service plans, and creating a presentation on the benefits and drawbacks of each plan as the chief executive's assistant in charge of purchasing technology.
Find out how many employees need cell phone services. Specify the particular attributes and functions necessary, such as data service plans, phone minutes, text messaging, international calling, etc. Take into account any particular industry standards or laws that may have an impact on the service plans you choose.
Examine the service packages each provider offers, taking into account elements like cost, contract details, and billing alternatives. Including internet allotments, voice minutes, text messaging, international roaming, and device compatibility, compare the features and advantages of each package.
Examine any extra benefits or services provided, such as device insurance, free use of particular apps, or corporate discounts. Think about the technical support and customer care that each service provider offers.
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If net income is $2,600 and owner withdrawals are $7,300, how much did the owner contribute (owner, capital)?
Owner, Capital
Answer:
The answer is: $4,700
Explanation:
In this question we need to use the accounting equation to solve the problem:
Accounting Equation:
Assets = Liabilities + Owner's Equity
Owner's Equity = Owner, Capital + Net Income - Owner Withdrawals
Now we solve:
Net Income is: $2,600
The owner's Withdrawals are: $7,300
Now, we can use the accounting equation to get:
Owner, Capital = Assets - Liabilities - Net income + Owner Withdrawals
However, there is no information about assets and liabilities, we can assume that they are equal to Zero(0).
Hence, Owner, capital = 0 - 0 - 2,600 + 7,300 = 4,700
= 0 - 2,600 + 7,300
= -2,600 + 7,300
= $4,700
Draw Conclusion:
The answer is: $4,700
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U.S. Treasury issues three types of Treasury securities: Treasury bills (T-bills), Treasury notes (T-notes), and Treasury bonds (T-bonds). The time to maturity (TTM) of T-bills is 12-month or less than 12-month. The TTM of T-notes is between 1 year and 10 years. The TTM of T-bonds is longer than 10 years. Which one(s) (T-bills, T-notes, or T-bonds) belong to the money market instrument(s)? Which one(s) belong to the capital market instrument(s)? If you would like to buy Treasury securities, which one(s) would you purchase? Explain why?
Answer:
Treasury bills (T-bills) are short-term money market instruments issued by the government to raise short-term funds. They are issued for terms of less than a year and are sold at a discount from their face value. T-bills have maturities of 4, 8, 13, 26, and 52 weeks. Therefore, T-bills belong to the money market instrument(s).
Treasury notes (T-notes) are issued with maturities from two to 10 years and pay interest semi-annually. Therefore, T-notes belong to the capital market instrument(s).
Treasury bonds (T-bonds) are long-term investments that have maturities of 10 to 30 years and also pay interest semi-annually. Therefore, T-bonds belong to the capital market instrument(s).
If you would like to buy Treasury securities, it depends on your investment goals. If you want a short-term investment with low risk and low return, you can consider buying T-bills. If you want a medium-term investment with moderate risk and moderate return, you can consider buying T-notes. If you want a long-term investment with high risk and high return, you can consider buying T-bonds.
Explanation:
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Which one of the following options is incorrect? Withdrawals from the trust bank account can only be made......... Select one:
a. to pay a third party (e.g. advocate) for services rendered by the third party to the trust creditor.
O b. to pay a trust creditor.
c. to pay the auditor for auditing the trust.
d. to transfer trust money to the business bank account for services rendered by the attorney to the client.
Answer:
Option d. to transfer trust money to the business bank account for services rendered by the attorney to the client.
Explanation:
- Any four major manufacturing firms of Nepal.
4 major manufacturing firms in Nepal
Nepal Lever Ltd.Himalayan Snacks Pvt. Ltd.Unitech Nepal Pvt. Ltd.Gorkha Brewery Pvt. Ltd.Nepal Lever Ltd. has 3 divisions homecare, Beauty and personal care and has a long history going back to the 1950s, it has FnR that aims for consistent, competitive, profitable and responsible growth.
Himalayan Snacks Pvt. Ltd. was established in 1900 and deals in supplying and trading noodles, foodstuffs, etc. The supplier company is located in Kathmandu, Bagmati.
Unitech Nepal Pvt. Ltd. offers a variety of products and services, some of which are software development, e-web development, mobile application development, digital marketing and IT consulting.
Gorkha Brewery Pvt. Ltd. deals with the production and distribution of alcoholic beverages and was established in 1989 in Kathmandu, Nepal.
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True or false many small businesses fail every year
Answer:false
Explanation:
The average price level is the vertical axis and real GDP is the horizontal axis on a
graph of
market demand and supply curves.
the consumption schedule (function).
the investment demand curve.
aggregate demand and supply tool (model).
In the aggregate demand and supply tool (model) the average price level is on the vertical axis and real GDP is on the horizontal axis of a graph.
The aggregate demand/aggregate supply model is a model that shows what determines total supply or total demand for the economy and how total demand and total supply interact at the macroeconomic level.
Aggregate supply is the total quantity of output firms will produce and sell—in other words, the real GDP.
The upward-sloping aggregate supply curve—also known as the short-run aggregate supply curve—shows the positive relationship between the price level and real GDP in the short run.
The aggregate supply curve slopes up because when the price level for outputs increases while the price level of inputs remains fixed, the opportunity for additional profits encourages more production.
Potential GDP, or full-employment GDP, is the maximum quantity that an economy can produce given full employment of its existing levels of labor, physical capital, technology, and institutions.
Aggregate demand is the amount of total spending on domestic goods and services in an economy.
The downward-sloping aggregate demand curve shows the relationship between the price level for outputs and the quantity of total spending in the economy.
So, the average price level is the vertical axis and real GDP is the horizontal axis on a graph of aggregate demand and supply tool (model).
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Describe why the facility should have an inventory
list of equipment.
so people don't buy the same things again & again
to see
whats in stock
where they are displayed
how many they have
keep track of inventory
plan for restocking
know which items are running low
asset value for accounting or financial purposes.
Overall, an inventory list of equipment is a fundamental tool for facility management, providing comprehensive oversight, efficient maintenance planning, cost control, compliance adherence, emergency preparedness, and facilitating decision-making processes. It streamlines operations, enhances asset management, and contributes to the overall productivity and functionality of a facility.
Keeping Track: An inventory list helps facility managers know what equipment they have and where it is located.
Taking Care: The list helps plan when to fix or maintain equipment so it stays in good condition.
Saving Money: By knowing what equipment they have, managers can avoid buying things they don't need and spend money wisely.
Following Rules: Some facilities have rules to follow, and the inventory list helps managers keep track of important things like safety checks and paperwork.
Being Ready for Emergencies: The inventory list helps managers know which equipment is important during emergencies like fires or storms.
Planning and Buying: The inventory list helps managers decide what new equipment to buy and make a budget.
Talking to Insurance and Money People: The inventory list helps when talking to insurance or money people because it shows what equipment the facility has and how much it's worth.
provides information about the administrative and clinical machines in the facility.
gives you more control over your business' assets.
equipments inventory list provides information about the administrative and clinical machines in the facility. This information is used by the provider, supervisor, and/or accountant for future planning and tax paperwork
impact of ordinary shares
Answer:
Explanation:Key Takeaways. Three characteristic benefits are typically granted to owners of ordinary shares: voting rights, gains, and limited liability. Common stock, through capital gains and ordinary dividends, has proven to be a great source of returns for investors, on average and over time.
The Learning Activity titled “Presentation Aids” discusses the importance of using visual aids when presenting. What is one example that the reading mentions is an appropriate visual aid for a presentation about Abraham Lincoln? Now, imagine you are giving a presentation on your favorite car. Using the guidelines given in this Activity on what an appropriate presentation aid is, name a presentation aid you would use for your presentation? Why did you pick this presentation aid? How does it meet the criteria given in this Activity
We pick this presentation aid because it will align with the purpose and context of your presentation while effectively conveying information to your audience. This presentation aid meets the criteria given in the activity because of Relevance, Visual Appeal, Supportive Role.
For a presentation on Abraham Lincoln, an appropriate visual aid could be a slideshow featuring relevant images of Lincoln, such as photographs, paintings, or illustrations depicting significant events or milestones in his life. This visual aid helps to engage the audience, create visual interest, and reinforce the key points being discussed about Lincoln's life, accomplishments, or historical context.
Now, considering a presentation on your favorite car, an appropriate presentation aid could be a physical prop or model of the car. By bringing an actual model or prop to the presentation, you provide a tangible representation of the car, allowing the audience to see its design, features, and overall appearance.
This presentation aid meets the criteria given in the activity because:
Relevance: The prop or model directly relates to the topic of the presentation, which is your favorite car. It helps to convey information about the car's physical attributes, aesthetics, and unique features.
Visual Appeal: The physical presence of the prop or model adds visual interest to the presentation. It allows the audience to see and potentially interact with the representation of the car, enhancing their understanding and engagement.
Supportive Role: The prop or model serves as a supporting visual aid, reinforcing your spoken content and helping the audience visualize the car's details. It complements your verbal explanations and can create a more memorable and immersive experience for the audience.
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