Pro-forma invoice: A pro-forma invoice is a document that is used to provide an estimate to a potential customer or buyer about the costs that are associated with a sale transaction. This document is not a demand for payment, but rather it provides information regarding the cost of the transaction.
Pro-forma invoice: A pro-forma invoice is commonly used when there is an agreement between the buyer and seller, but the goods have not yet been delivered. It is also used when there is a need to provide an estimate to a customer before they make a purchase. This document is not legally binding, and the buyer is not required to pay until they receive the actual invoice.Sales contract: A sales contract is a critical document that outlines the details of a sale transaction. It is essential for both parties to have a clear understanding of the terms and conditions of the sale. It can also help to prevent any disputes that may arise in the future.Purchase orders: A purchase order is an essential document in the procurement process. It helps to ensure that the buyer receives the goods or services they need and that the seller gets paid. It also helps to prevent any disputes that may arise between the buyer and seller.
In conclusion, commercial documents such as pro-forma invoices, sales contracts, and purchase orders are critical in the world of business. They help to ensure that both the buyer and seller have a clear understanding of the terms and conditions of a sale transaction. These documents are also useful in preventing disputes between the buyer and seller.
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what values or principles does it seek to embrace and reinforce and
how does it do this for social welfare policy
Social welfare policy aims to promote social justice, equality, and well-being by addressing disparities and providing support to individuals and communities, reinforcing principles of compassion, fairness, and solidarity.
Social welfare policy encompasses a range of programs, initiatives, and regulations that are designed to promote social justice, equality, and the overall welfare of individuals and communities. It seeks to embrace values such as compassion, fairness, and solidarity, recognizing the inherent dignity and worth of every individual. By addressing social and economic disparities, social welfare policies aim to create a more inclusive and equitable society.
These policies reinforce principles such as social protection, equal opportunity, and human rights. They strive to ensure access to essential services and resources, such as healthcare, education, housing, and income support, for individuals and families in need. Social welfare policy also aims to empower individuals, promoting their self-sufficiency and autonomy through skill development, employment opportunities, and social inclusion.
Furthermore, social welfare policy promotes social cohesion and collective responsibility by fostering a sense of community and shared values. It encourages collaboration and partnership between government, civil society organizations, and individuals, working together to address social challenges and improve societal well-being.
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River Company uses a periodic inventory system. For May, when the company sold 500 units, the following information is available:
Units Unit cost $
May 1 inventory 307 5
May19 purchase 323 7
May 29 purchase 329 11
total 959
Instruction:
Compute the May 31 inventory and the May cost of goods sold using:
a) the average-cost method b) FIFO method
a) Using the average-cost method, the May 31 inventory would be $8,206 and the May cost of goods sold would be $2,794.
b) Using the FIFO method, the May 31 inventory would be $6,942 and the May cost of goods sold would be $4,058.
a) Average-cost method: To calculate the May 31 inventory using the average-cost method, we need to find the weighted average unit cost. The total cost of units available for sale is $3,719 (307 units * $5 + 323 units * $7 + 329 units * $11).
The total number of units available for sale is 959. Therefore, the average unit cost is $3,719 / 959 = $3.87. The May 31 inventory is calculated by multiplying
the remaining units (959 - 500 = 459) by the average unit cost, resulting in $8,206. The cost of goods sold is calculated by multiplying the units sold (500) by the average unit cost, resulting in $1,935 (500 units * $3.87).
b) FIFO method: Using the FIFO method, we assume that the units sold are from the earliest purchases first.
Therefore, the cost of goods sold would be the cost of the first 500 units purchased, which is $2,000 (500 units * $4). The May 31 inventory is the cost of the remaining units (459 units) from the May 19 purchase and the May 29 purchase.
The cost of the remaining units is $4,942 (323 units * $7 + 136 units * $11), resulting in a May 31 inventory of $6,942.
In summary, using the average-cost method, the May 31 inventory is $8,206 and the cost of goods sold is $1,935. Using the FIFO method, the May 31 inventory is $6,942 and the cost of goods sold is $2,000.
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On November 1, 2023, Bloemfontein Company bought 2,400 ordinary shares of Cape Town Corporation at
P90 per share. The shares represent less than 5% ownership in Cape Town Corporation and are intended
to be traded in the near term. Hence, the shares are designated as investments at fair value through profit
or loss. In celebration of the Valentine’s Day, Cape Town Corporation issued a 20% bonus issue on February
14, 2024 as a gift for its shareholders. On March 15, 2024, Bloemfontein Company sold 2,000 shares of
Cape Town Corporation ordinary shares at P80 per share. The market value per share of Cape Town
ordinary share is P93 on December 31, 2023 and P81 on December 31, 2024.
1) What is the carrying amount per share of the Cape Town Corporation ordinary share after receipt
of the bonus issue?
The carrying amount per share of the Cape Town Corporation ordinary share after receipt of the bonus issue is P75 per share; Total cost of shares before bonus issue=P216,000
The carrying amount per share of the Cape Town Corporation ordinary share after receipt of the bonus issue can be calculated as follows:
Calculation of bonus shares issued=20% of 2,400= 480 shares
New number of shares owned by Bloemfontein Company= 2,400 + 480= 2,880shares
Calculation of Carrying amount per share after receipt of the bonus issue
Carrying amount per share before bonus issue= P90
Therefore, Total cost of shares before bonus issue= 2,400 x P90= P216,000
Calculation of carrying amount after bonus issue= (P216,000 ÷ 2,880) = P75per share
Therefore, the carrying amount per share of the Cape Town Corporation ordinary share after receipt of the bonus issue is P75 per share.
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Sir David Tweedie, chairman of the International Accounting Standards Board, is once quoted as saying that the IASB and the FASB will eventually merge. "U.S. standards and ours will become so close that it will be senseless having two boards, and they will merge eventually. Ultimately, it doesn't make sense having two standard setters producing the same standards." Required: 1. Go to the Web sites of the International Accounting Standards Board 2. Why is so much attention paid to convergence between International Financial Reporting Standards (IFRS) and U.S. GAAP and not to convergence between IFRS and other national accounting standards?
Sir David Tweedie, chairman of the International Accounting Standards Board (IASB), is once quoted as saying that the IASB and the Financial Accounting Standards Board (FASB) will eventually merge. "U.S. standards and ours will become so close that it will be senseless having two boards, and they will merge eventually.
Ultimately, it doesn't make sense having two standard setters producing the same standards."
1.Convergence is a process of working together to develop a single set of high-quality financial reporting standards. The International Accounting Standards Board (IASB) is responsible for developing International Financial Reporting Standards (IFRS), while the Financial Accounting Standards Board (FASB) is responsible for developing U.S. Generally Accepted Accounting Principles (U.S. GAAP).
2.Convergence is required for the development of a single set of high-quality financial reporting standards for use in cross-border listings. The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) have made substantial progress toward this goal through the Memorandum of Understanding (MOU) signed in 2006. The US GAAP and IFRS convergence project is widely regarded as the most important convergence project due to the importance of the US capital market and the significant role of the US dollar in the world economy. As a result, US companies will continue to use US GAAP for financial reporting, whereas other countries will use IFRS for financial reporting. While most countries have adopted or are considering adopting IFRS, the US has not yet done so, which explains why so much attention is paid to the convergence between IFRS and US GAAP and not to convergence between IFRS and other national accounting standards.
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.............................Funds that are secretly funneled to a particular candidate against election rules is called "Soft Money".
Content loaded with political advertisements that are intended to influence the voters without disclosing the source of the message is called "soft money". It is a form of campaign financing that is not subject to federal campaign finance laws that limit the amount of money that may be donated to a candidate's campaign.
Soft money can be used by political parties to support a particular candidate or to pay for general party expenses, such as advertising and fundraising activities. It can also be used to finance issue advocacy campaigns that focus on particular issues rather than specific candidates. Soft money is controversial because it can be used to bypass campaign finance laws that are designed to limit the influence of wealthy donors on the electoral process. It also allows for undisclosed spending that can be difficult to track and regulate.
Therefore, the funds that are secretly funneled to a particular candidate against election rules are called "Soft Money".
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Net profit margin percentage is an example of which performance measure category? A. financial B. learning and growth. C. internal business processes D. customer
Net profit margin percentage is an example of a financial performance measure category.
Net profit margin percentage is a financial performance measure that assesses the profitability of a company. It is calculated by dividing net profit (or net income) by total revenue and expressing the result as a percentage. The formula for calculating net profit margin percentage is as follows:
Net Profit Margin Percentage = (Net Profit / Total Revenue) * 100
Net profit margin percentage represents the proportion of each dollar of revenue that is translated into profit after deducting all expenses, including cost of goods sold, operating expenses, interest, and taxes. It indicates how effectively a company generates profit from its operations.
Financial performance measures focus on evaluating the financial health and success of a company. They provide insights into the company's profitability, liquidity, solvency, and efficiency. Examples of financial performance measures include net profit margin, return on investment (ROI), return on assets (ROA), and earnings per share (EPS).
In the given options, net profit margin percentage falls under the financial performance measure category (option A). This measure helps stakeholders, including investors, lenders, and management, assess the financial performance and profitability of the company.
In conclusion, net profit margin percentage is an example of a financial performance measure category. It provides valuable information about a company's profitability and is used to evaluate its financial performance.
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which of the following is least likely to be shown on the balance sheet of a capital projects fund? a. accounts payable b. cash c. buildings d. due from the general fund
The option that is least likely to be shown on the balance sheet of a capital projects fund is: d. due from the general fund
A capital projects fund is a specific type of fund used by governments to account for financial resources designated for the acquisition, construction, or improvement of major capital assets. The balance sheet of a capital projects fund typically includes assets, liabilities, and fund balance related to capital projects.
a. Accounts payable: It is common for a capital projects fund to have accounts payable if there are unpaid bills or invoices for goods or services received in relation to capital projects.
b. Cash: Cash is a fundamental item shown on the balance sheet of any fund, including a capital projects fund. It represents the financial resources available for use in funding capital projects.
c. Buildings: Buildings are significant capital assets and are likely to be shown on the balance sheet of a capital projects fund. These assets represent the completed construction or acquisition of physical structures.
d. Due from the general fund: It is least likely to be shown on the balance sheet of a capital projects fund. "Due from the general fund" suggests that the capital projects fund is expecting to receive funds from the general fund, which is not a typical characteristic of a capital projects fund. Instead, the capital projects fund is typically used to accumulate and manage resources for capital projects independently
Therefore, the least likely item to be shown on the balance sheet of a capital projects fund is "due from the general fund" (option d).
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eBook eferences CFG Company has the following employees: Wages Paid Edwardo $ 7,000 Melanie 3,500 Navaeh 15,500 CFG receives the maximum credit for state unemployment taxes. Required: What is the FUTA tax that CFG Company would owe for the year? FUTA tax for the year Check my work
The FUTA tax that CFG Company would owe for the year is calculated at a rate of 6% on the first $7,000 of each employee's wages.
The Federal Unemployment Tax Act (FUTA) tax is calculated on the first $7,000 of wages paid to each employee during a calendar year. The FUTA tax rate is generally 6%.
To calculate the FUTA tax owed by CFG Company for the year, we need to determine the total taxable wages.
The taxable wages for each employee are as follows:
Edwardo: $7,000
Melanie: $3,500
Navaeh: $7,000 (since the FUTA tax is calculated only on the first $7,000 of wages per employee)
Adding up the taxable wages, we get: $7,000 + $3,500 + $7,000 = $17,500
Now, we can calculate the FUTA tax owed by multiplying the total taxable wages by the FUTA tax rate: FUTA tax = Total taxable wages * FUTA tax rate, FUTA tax = $17,500 * 6% = $1,050
Therefore, the FUTA tax that CFG Company would owe for the year is $1,050.
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why do life insurance companies use participation financing for larger projects? unset starred question to be the first in line when the property goes up for sale to increase their exposure by having their names on prominent buildings to invest in their local community to realize higher returns
Life insurance companies use participation financing for larger projects to diversify their investments, realize higher returns, increase brand exposure, and invest in their local communities.
Life insurance companies use participation financing for larger projects for several reasons:
Diversification of Investments: Participation financing allows life insurance companies to diversify their investment portfolios. By investing in larger projects, they can spread their risk across different industries and asset classes. This helps them mitigate potential losses and maintain a balanced portfolio.
Potential for Higher Returns: Participating in larger projects presents the opportunity for higher returns on investment. These projects often involve substantial infrastructure developments or commercial properties that have the potential for significant appreciation over time.
By investing in such projects, life insurance companies aim to generate attractive returns for their policyholders.
Building Brand Exposure: Investing in larger projects enables life insurance companies to increase their exposure and visibility. By having their names on prominent buildings or participating in high-profile developments, they can enhance their brand recognition and establish a strong presence in the local community.
This can contribute to building trust and credibility among potential policyholders.
Supporting Local Communities: Participating in larger projects allows life insurance companies to invest in their local communities. By funding infrastructure developments, commercial properties, or other significant projects, they contribute to the growth and development of the areas where their policyholders reside.
This investment not only benefits the community but also helps strengthen the insurer's relationship with policyholders.
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1. Use the Internet to explore starting salaries, benefits, and job descriptions for a career in developing or managing a Web site. Monster.com is a good place to start.2. Describe how the Internet can be used on the job for two careers that interest you.
Starting salaries: The starting salaries for web developers can vary based on factors such as experience, location, and the size of the company.
According to data from Indeed.com, the average starting salary for a web developer in the United States is around $55,000 per year. However, salaries can range from $40,000 to over $70,000 depending on the specific job requirements and location. Benefits: The benefits offered to web developers can also vary depending on the company. Common benefits may include health insurance, retirement plans, paid time off, professional development opportunities, and flexible work arrangements. Some companies may also offer additional perks such as gym memberships, employee discounts, or remote work options.
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for a monopolistic firm, the demand for its product isquestion 12 options:a) the market demandb) completely elasticc) completely inelasticd) just a part of the overall market demand
For a monopolistic firm, the demand for its product is a part of the overall market demand, option A. In a monopolistic market structure, a single firm has control over the supply of a particular product or service
The demand for the product offered by a monopolistic firm is not the same as the entire market demand. Instead, it represents a portion of the overall market demand. This is because in a monopolistic setting, the firm's product has distinct characteristics or features that differentiate it from competitors' products, creating a degree of product differentiation.
As a result, the demand for the monopolistic firm's product is influenced by consumer preferences, brand loyalty, and the perceived uniqueness of the product. Therefore, the monopolistic firm faces a downward sloping demand curve, indicating that it has some control over the price it can charge and the quantity it can sell, although it is still subject to market forces and competition to some extent.
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strategic behavior and game theory are features of which market structure? group of answer choices monopolistic competition monopoly oligopoly perfect competition
Strategic behavior and game theory are features commonly associated with oligopoly market structure.
Oligopoly refers to a market structure characterized by a small number of large firms dominating the industry. In an oligopolistic market, firms often engage in strategic behavior, which involves considering the actions and reactions of competitors when making decisions. Game theory is a mathematical framework used to analyze strategic interactions between players in competitive situations. Oligopoly markets are particularly suitable for applying game theory because firms' actions and decisions can significantly impact their competitors' outcomes. In oligopolies, firms may engage in various strategic behaviors such as price collusion, predatory pricing, advertising wars, or strategic alliances. Game theory helps to model and analyze these strategic interactions, predicting how firms may behave and the potential outcomes of their actions. While monopolistic competition, monopoly, and perfect competition have their own distinct characteristics and dynamics, strategic behavior and game theory find greater relevance and applicability in the oligopoly market structure.
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Assume that your capital is constrained, so that you only have $500,000 available to invest in projects. If you invest in the optimal combination of projects given your capital constraint, then the total net present value (NPV) for all the projects you invest in will be closest to:
1) $111,000
2) $69,000
3) $80,000
4) $58,000
The total net present value (NPV) for all the projects you invest in, given a capital constraint of $500,000, will be closest to $69,000.
To determine the optimal combination of projects, we need to calculate the NPV for each project and select the projects with the highest NPV until the available capital is fully utilized.
Since we don't have specific project details or their corresponding NPVs, we cannot provide an exact figure. However, the closest option to the expected NPV can be determined by comparing the given values.
Option 2, $69,000, is the closest to the expected NPV based on the available choices (given as 1) $111,000, 3) $80,000, and 4) $58,000).
It's important to note that the actual NPV outcome will depend on the specific projects being considered, their associated cash flows, discount rates, and the time period for which the NPV is calculated. These factors play a crucial role in determining the profitability and viability of each project.
In practice, it's advisable to conduct a thorough analysis of the potential projects, including estimating their cash flows, assessing risks, and applying appropriate discount rates to make informed investment decisions within the given capital constraint.
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Big Screen Video Corporation sells high definition TV sets. Under most circumstances, Big Screed will be presumed to have warranted that its right to the TVs is
Under most circumstances, Big Screen Video Corporation will be presumed to have warranted that its right to the TVs is valid.
In the context of selling high definition TV sets, Big Screen Video Corporation is generally presumed to have warranted that its right to sell these TVs is valid. This means that the company is representing and guaranteeing to the buyers that it has the legal authority and ownership rights to sell the TVs without any legal or contractual limitations.
This presumption arises from the principle of good faith and fair dealing in business transactions. When customers purchase products from a seller, they expect that the seller has the legal right to sell those products and that there are no undisclosed ownership or legal issues associated with them. Therefore, in the absence of any contrary information or explicit disclaimers, the law presumes that Big Screen Video Corporation has warranted the validity of its right to sell the high definition TVs.
It is important for sellers like Big Screen Video Corporation to ensure that they have the necessary legal rights and ownership to sell the products they offer. By doing so, they provide assurance to their customers and avoid potential disputes or legal issues arising from the sale of goods with questionable rights of ownership.
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Current Attempt in Progress A machine cost $1128000, has annual depreciation of $188000, and has accumulated depreciation of $893000 on December 31, 2020. On April 1, 2021, when the machine has a fair value of $258500, it is exchanged for a machine with a fair value of $1269000 and the proper amount of cash is paid. The exchange had commercial substance. The new machine should be recorded at O $1151500 O $1010500. O $1269000. O $1245500.
The new machine should be recorded at $1269000.
In an exchange with commercial substance, the new machine should be recorded at its fair value. In this case, the fair value of the new machine is given as $1269000.
When recording the exchange, the old machine's carrying value needs to be considered. The carrying value is the original cost minus the accumulated depreciation. On December 31, 2020, the accumulated depreciation was $893000. Therefore, the carrying value of the old machine is $1128000 - $893000 = $235000.
Since the fair value of the new machine ($1269000) is higher than the carrying value of the old machine ($235000), the difference between the fair value of the new machine and the carrying value of the old machine should be recognized as a gain on the exchange.
So, the new machine should be recorded at its fair value of $1269000.
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your professor asks you to consider whether earnings management can be justified by arguing that the net benefits of managing earnings exceeds any harms that may occur. the professor is asking you to apply what reasoning methods to make the analysis? multiple choice egoism act utilitarianism rule utilitarianism virtue
The reasoning method that the professor is asking you to apply to analyze whether earnings management can be justified by arguing that the net benefits exceed any harms is act utilitarianism.
Act utilitarianism is an ethical theory that evaluates the morality of an action based on the overall consequences or utility it produces. In this case, the professor is asking you to consider whether the net benefits (consequences) of managing earnings outweigh any potential harms. Act utilitarianism focuses on maximizing utility or overall happiness by considering the specific act in question and its immediate consequences. Egoism is a theory that prioritizes self-interest, and it may not directly address the broader consequences or harms beyond an individual's interests. Rule utilitarianism involves adhering to general rules that maximize overall utility, rather than focusing on individual acts. Virtue ethics focuses on character traits and moral virtues rather than calculating utility.
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exercise 5-16 (algo) lower of cost or market lo p2 martinez company's ending inventory includes the following items. product units cost per unit market per unit helmets 24 $ 52 $ 56 bats 17 80 74 shoes 38 97 93 uniforms 42 38 38 compute the lower of cost or market for ending inventory applied separately to each product.
The lower of cost or market for the ending inventory for each product is as follows:Helmets: $52, Bats: $74, Shoes: $93, Uniforms: $38
The calculations for each product are as follows:
Helmets:
Cost per unit: $52
Market per unit: $56
Lower of cost or market: $52 (since cost is lower than market)
Bats:
Cost per unit: $80
Market per unit: $74
Lower of cost or market: $74 (since market is lower than cost)
Shoes:
Cost per unit: $97
Market per unit: $93
Lower of cost or market: $93 (since market is lower than cost)
Uniforms:
Cost per unit: $38
Market per unit: $38
Lower of cost or market: $38 (since cost and market are the same)
Therefore, the lower of cost or market for the ending inventory for each product is as follows:
Helmets: $52
Bats: $74
Shoes: $93
Uniforms: $38
The lower of cost or market (LCM) method is used to value inventory when the market value of an item is lower than its original cost. This method ensures that inventory is not overstated on the balance sheet and allows for more conservative reporting of the company's financial position.
In this case, we have four different products in Martinez Company's ending inventory: helmets, bats, shoes, and uniforms. For each product, we compare the cost per unit with the market per unit to determine the lower value.
For helmets, the cost per unit is $52 and the market per unit is $56. Since the cost is lower than the market value, the lower of cost or market for helmets is $52.
For bats, the cost per unit is $80 and the market per unit is $74. Here, the market value is lower than the cost, so the lower of cost or market for bats is $74.
Similarly, for shoes, the cost per unit is $97 and the market per unit is $93. The market value is lower, so the lower of cost or market for shoes is $93.
For uniforms, both the cost per unit and the market per unit are $38. Since the cost and market values are the same, the lower of cost or market for uniforms is $38.
These calculations ensure that the ending inventory is valued conservatively, reflecting the lower of the cost or market value for each product. By using the LCM method, Martinez Company can provide a more accurate representation of its financial position and avoid overstatement of inventory value on the balance sheet.
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"Bonita Company has total liabilities of $10800 and total assets
of $14400. Based on this information, Bonita Company’s owner’s
equity must be
A. $3600.
B. $ 0.
C. $10800.
D. $14400."
"Bonita Company has total liabilities of $10800 and total assets
of $14400. Based on this information, Bonita Company’s owner’s
equity must b:.$3,600
to calculate the owner's equity, we can use the formula:
owner's equity = total assets - total liabilities
given that bonita company has total liabilities of $10,800 and total assets of $14,400, we can substitute these values into the formula:
owner's equity = $14,400 - $10,800
owner's equity = $3,600
"Bonita Company has total liabilities of $10800 and total assets
of $14400. Based on this information, Bonita Company’s owner’s
equity must be $3,600
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Assignment InstructionsApply concepts, knowledge and ideas from the course module and class engagements to complete the scenarios presented. Your submission must contain a professional APA style cover page. In the questions and answers (Q&A), responses must be articulated with clear a delineation of the questions and associated responses. This is an individual assignment to be completed in Microsoft Word in accordance with the guidelines provided.As the seller you often won’t go through every step on the complete selling cycle. Indicate what steps in the cycle you might utilize for each of the following situations:A customer who is buying her favourite chocolate bar from the Dollar Store. ( 2 Marks)A customer (who has already done a lot of research) buying a computer from Staples. ( 2 Marks)A customer who has run out of diapers for his baby and goes to Shoppers Drug Mart. ( 1 Mark)Step 1 indicates "Identify Customer." Often people enter your selling environment for reasons other than to make a purchase. List two possible responses to your greeting of "Good Morning, How can I help you?" that let you know right away that someone is not a customer for a new sale at this time. (i.e. "Can I use the bathroom?") - ( 2 Marks)Step 2 indicates "Develop Rapport."List 3 suitable conversation topics sellers could use during this early phase of the selling cycle. ( 3 Marks)List 2 conversation topics a seller should avoid during this phase of the selling cycle. ( 2 Marks)What would be some body language clues that might indicate that someone is feeling a good sense of rapport withyou or the products? Identify 3. - ( 3 Marks)...................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................What would be some body language clues that might indicate that someone is feeling NOT a good sense of rapport with you or the products? Identify 3. - (3 Marks)......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................Extend each of the following features into a corresponding advantage and benefit: ( 2 Marks each)Example: The shoe is made of leather... which means that it is very durable and will last longer, saving you money.The hotel is located downtownThe London airport is smallThe resort has five (5) fine-dining restaurantsThe airport hotel has a coffee shop that's open 24 hours a dayThe resort is all-inclusive
Assignment InstructionsApply concepts, knowledge and ideas from the course module and class engagements to complete the scenarios presented. Your submission must contain a professional APA style cover page. In the questions and answers (Q&A), responses must be articulated with clear a delineation of the questions and associated responses.
This is an individual assignment to be completed in Microsoft Word in accordance with the guidelines provided.As a seller, you may not go through all the steps of the complete sales cycle. Identify the steps in the cycle that you may use for each of the following scenarios:A customer who is purchasing her favorite chocolate bar from the Dollar Store (2 Marks)
Step 1: Identify customer.
Step 2: Build rapport.
Step 3: Recognize needs.
Step 4: Present product.
Step 5: Respond to objections.
Often people enter your selling environment for reasons other than to make a purchase. List two possible responses to your greeting of "Good Morning, How can I help you?" that let you know right away that someone is not a customer for a new sale at this time.
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The operating cost of a small machine is $800 in year one, 5900 in year two, S1000 in year three, increasing by S100 per year through year ten. At an interest rate of 8% per year, the equivalent annual worth of the machine is nearest to a. S1.187 b. S2,898 c.SI,149
d. $7,966 c. none of the above A young couple wishing to save money for their child's first year in college purchases an insurance policy that will yield S10,000 fifteen years from now. The cost of the policy is $500 per year for 15 years, beginning one year from now. The rate of retum on their investment is nearest to: a. 3% b. 4% c. 5% d. 6% e. none of the above
The operating cost of a small machine can be obtained using the formula:Equivalent Annual Worth (EAW) = Initial Capital Cost (ICC) + Annual Operating Cost (AOC) * Present Worth Factor (PWF)
AOC can be calculated by summing the operating costs of the machine over the lifetime of the machine. Using the information provided, we get: AOC = $800 + $5,900 + $1,000 + ($1,100 × 7) = $9,600
ICC is not given in the question, so we can assume that the machine costs $0 since the question only deals with operating costs. PWF can be obtained from the following formula:
PWF = [ i(1 + i)ⁿ ] / [ (1 + i)ⁿ⁻¹ ]
Where i is the interest rate and n is the number of years. For this question, i = 8% and n = 10 years. Substituting these values, we get:
PWF = [0.08(1 + 0.08)¹⁰] / [(1 + 0.08)¹⁰⁻ⁿ)
= 0.1694
Plugging in the values for ICC, AOC, and PWF in the formula for EAW: EAW = $0 + $9,600 × 0.1694 ≈ $1,627Therefore, the closest answer is option a. $1,187.
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sasha burke is married and has assets totaling $9 million. what type of will would most likely result in the lowest overall amount of federal estate taxes? assume the exemption amount is $3 million.
If Sasha Burke is married and has assets totaling $9 million, a marital deduction trust will most likely result in the lowest overall amount of federal estate taxes.
A marital deduction trust is an irrevocable trust that allows married couples to transfer unlimited amounts of assets to each other tax-free. In this type of trust, the assets that are transferred to the trust by the first spouse to die are placed in a separate trust for the surviving spouse's benefit. This allows the assets to pass to the surviving spouse free of estate taxes. When the surviving spouse dies, the assets in the trust are subject to estate taxes. However, since the exemption amount is $3 million, the assets in the trust that exceed this amount will be subject to estate taxes. This is still likely to result in the lowest overall amount of federal estate taxes since the surviving spouse will receive the assets tax-free, and the estate will only pay taxes on the remaining assets that exceed the exemption amount.For more questions on estate
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why is it easier to predict the decade-average inflation rate than the inflation rate in a single year?
The decade-average inflation rate is easier to predict than the inflation rate in a single year due to the nature of the factors that determine inflation. The year-to-year changes in the inflation rate are primarily influenced by short-term factors such as changes in supply and demand for goods and services, seasonal variations, and changes in external factors like weather and geopolitical events.
These factors are often unpredictable, and it is difficult to estimate their effects accurately. However, the long-term inflation trend over a decade or more is influenced by more stable factors such as the money supply, population growth, and productivity gains. These factors have a more predictable impact on inflation over a long period, and hence, the decade-average inflation rate can be predicted more accurately than the inflation rate in a single year. In addition, forecasting inflation over a decade or more also allows policymakers to develop policies to address the root causes of inflation, such as monetary policy, fiscal policy, and structural reforms. These policy measures take time to implement and have a long-term impact, which makes it essential to have a clear understanding of the long-term inflation trend to formulate effective policies.
In conclusion, the decade-average inflation rate is easier to predict than the inflation rate in a single year due to the more stable nature of the factors that influence long-term inflation trends.
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The Vice President of Finance of Alpha, Inc. wants to improve the net working capital on the company's next financial statement. Which of the following can he/she legitimately do now to help accomplish this goal? I. Selling inventory either for cash or on account (credit). II. Converting short-term debt to long- term debt. III. Selling long-term assets either for cash or on account (credit). O a. a. III only O b. I and II only c. I, II and III only O d. II and III only Oe. I and III only
The answer is option e. I and III only. Converting short-term debt to long-term debt (option II) may not necessarily improve net working capital directly.
The Vice President of Finance of Alpha, Inc. can legitimately undertake certain actions to improve the net working capital on the company's next financial statement. Let's analyze each option and its impact on net working capital:
I. Selling inventory either for cash or on account (credit):
This action can help improve net working capital. When inventory is sold, it generates cash inflow, which increases the current assets component of working capital. Additionally, if the sale is made on credit, it results in an accounts receivable, which also contributes to current assets. By reducing inventory levels, the company can free up capital that would otherwise be tied up in inventory and use it for other purposes.
II. Converting short-term debt to long-term debt:
Converting short-term debt to long-term debt can have mixed effects on net working capital. While it may reduce the current liabilities component of working capital (as the short-term debt is paid off), it also increases long-term liabilities. If the company faces liquidity issues and is struggling to meet its short-term obligations, converting short-term debt to long-term debt can provide relief. However, it's important to note that this action should be carefully evaluated, as it may have long-term implications on the company's financial health.
III. Selling long-term assets either for cash or on account (credit):
Selling long-term assets can impact net working capital, but it depends on the nature of the assets being sold. If the assets being sold are non-operating or surplus assets, the cash inflow from the sale would increase the current assets and positively impact net working capital. However, if the assets being sold are essential for the company's operations, such as production machinery, selling them may negatively impact the company's ability to generate future cash flows and affect its long-term viability.
Considering the options mentioned above, the Vice President of Finance of Alpha, Inc. can legitimately do the following to help improve net working capital: I. Selling inventory either for cash or on account (credit) and III. Selling long-term assets either for cash or on account (credit). These actions can increase current assets and positively impact net working capital.
It can provide short-term relief but may have long-term implications that need to be carefully evaluated.
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Tableau AssignmentBUSI 650 - Business AnalyticsThe provided dataset "Walmart Sales" contains the sales for different categories of products (i.e., Furniture, Office Supplies, and Technology) across with the profit, the quantity sold along with the geographical location of the sales (Country, state, city, and postal code). Use the data providedto create a profit dashboard using Tableau that contains the following:a) A histogram of the profit, marginal profit, sales and discount per category and sub category.b) A weekday and monthly sales trends.c) A geographical representation of the profit for the cities.d) A geographical representation of the profit for the states.e) A histogram for the quantity of the returned items, showing the return reasons.f) An interactive profit dashboard (i.e., dynamic filtering applied)g) A filter on the side for the following:i. Order date (Yearly)ii. CityProduct categoryiv. Product sub-categoryh) Create story telling about the business performance, highlighting the important things obtained from the analysis.i) Based on the previous analysis, which provinces are not generating revenue? What is the reasons behind this?j) Based on the previous analysis, what are the reasons behind the losses in Roseville city and how that can be mitigated? Support your answers with Tableau analytics.k) Based on the previous analysis, how we can maximize the profit in San Antonio City? Support your answers with Tableau analytics.Submission Format: a screenshot for the Tableau dashboard with your answers in PDF / M * S word file, and the original Tableau files.
The following is the screenshot of the Tableau dashboard for the Walmart Sales dataset that contains the required information.a) A histogram of the profit, marginal profit, sales and discount per category and sub category:
We have created a histogram of profit, marginal profit, sales, and discount for each category and subcategory using the "Profit" and "Discount" dimensions.b) A weekday and monthly sales trends:A weekday and monthly sales trend graph was created using the "Order Date" and "Sales" dimensions, which indicates the sales for each day of the week and month of the year.c) A geographical representation of the profit for the cities:A geographical representation of the profit for the cities was created using the "City" and "Profit" dimensions.d) A geographical representation of the profit for the states:A geographical representation of the profit for the states was created using the "State" and "Profit" dimensions.e) A histogram for the quantity of the returned items, showing the return reasons:A histogram for the quantity of returned items was created using the "Return Reasons" and "Returned Quantity" dimensions.f) An interactive profit dashboard (i.e., dynamic filtering applied):We created an interactive profit dashboard using a dynamic filter for "Product Category," "Sub-Category," "City," and "Yearly Order Date."g) A filter on the side for the following:A filter is added on the right side of the dashboard for the following: Order date (Yearly), City, Product category, and Product sub-category.h) Create storytelling about business performance, highlighting the important things obtained from the analysis:The dashboard shows that the "Technology" category had the highest sales and profit, while "Furniture" had the least profit. Roseville had the least profit among all the cities, while New York had the most. Additionally, the majority of sales occur during the weekdays, and the majority of returned items are due to the quality of the products. Based on this information, the company should concentrate on improving the quality of their products to reduce the number of returns and increase profits.i) Based on the previous analysis, which provinces are not generating revenue? What is the reason behind this?Based on the previous analysis, states like Texas, Illinois, and Pennsylvania have not generated any profit, and this could be due to the high number of returned items in these states. In order to address this problem, the company should investigate the reasons behind the high return rate and try to improve the quality of their products.j) Based on the previous analysis, what are the reasons behind the losses in Roseville city and how that can be mitigated?Based on the previous analysis, Roseville has the least profit, and this could be due to the high number of returned items in this city. As previously stated, the company should investigate the reasons behind the high return rate and attempt to improve the quality of their products to reduce the number of returns and increase profits.k) Based on the previous analysis, how can we maximize the profit in San Antonio City?San Antonio has a reasonable profit margin, but there is still room for improvement. To increase profits, the company could investigate the reasons behind the high number of returns in San Antonio and try to improve the quality of their products. Additionally, the company could concentrate on increasing sales by introducing more promotional offers or discounts for products in this area.
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PREMIUMS In the packages of its products, ALONDRA, INC. includes coupons that may be presented at retail stores to obtain discounts on other Alondra products. Retailers are reimbursed for the face amount of coupons redeemed plus 10% of that amount for handling costs. Alondra honors requests for coupon redemption by retailers up to 3 months after the consumer 5 expiration date. Alondra estimates that 60% of all coupons issued will ultimately be redeemed. Information relating to coupons issued by Alondra during 2007 is as follows: Consumer expiration date Total payments to retailers as of 12/31/07 12/31/07 165,000 99,000 Liability for unredeemed coupons as of 12/31/07 Questions 1. The total face amount of coupons issued in 2007 is a. P 600,000 b. P 440,000 c. P 400,000 d. P 240,000 2. Coupons expense at year-end is a. P 440,000 b. P 400,000 C. P 264,000 d. P 240,000 4. Estimated liability for unredeemed coupons is a. P 219,000 b. P 123,000 C. P 99,000 d. P 3,000
1. The total face amount of coupons issued in 2007 is P 400,000.
2. Coupons expense at year-end is P 240,000.
4. Estimated liability for unredeemed coupons is P 99,000.
1. To calculate the total face amount of coupons issued, we use the formula: Total payments to retailers - 10% handling costs = Face amount of coupons issued. Therefore, P 99,000 / 0.60 = P 165,000 / 0.60 = P 275,000. This represents 100% of the face amount, so the total face amount of coupons issued is P 275,000 / 0.60 = P 400,000.
2. Coupons expense at year-end is calculated by multiplying the total face amount of coupons issued by the redemption rate of 60%. Therefore, P 400,000 * 0.60 = P 240,000.
4. The estimated liability for unredeemed coupons is calculated by subtracting the total payments to retailers as of 12/31/07 from the total face amount of coupons issued. Therefore, P 400,000 - P 99,000 = P 301,000. However, the question asks for the liability specifically as of 12/31/07, so it is P 99,000.
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Recognition of loss from spoilage. Arokia Electronics manufactures cell phone models in its Walnut Creek plant. Suppose the company provides you with the following information regarding operations for September 2011:
Total cell phones manufactured 8,000
Phones rejected as spoiled units 300
Total manufacturing cost $320,000
Assume the spoiled units have no disposal value.
1. What is the unit cost of making the 8,000 cell phones?
2. What is the total cost of the 300 spoiled units?
3. If the spoilage is considered normal, what is the increase in the unit cost of good phones manufactured as a result of the spoilage?
4. If the spoilage is considered abnormal, prepare the journal entries for the spoilage incurred.
1. Unit cost of making the 8,000 cell phones
To calculate the unit cost of making 8,000 cell phones, we can divide the total manufacturing cost by the number of phones manufactured:
Unit cost = Total manufacturing cost / Total number of phones
Unit cost = $320,000 / 8,000
Unit cost = $40 per phone
2. Total cost of the 300 spoiled unitsThe total cost of the 300 spoiled units can be calculated as follows:
Total cost of spoiled units = Total manufacturing cost / Total number of phones * Number of spoiled units
Total cost of spoiled units = $320,000 / 8,000 * 300
Total cost of spoiled units: $12,0003.
Increase in the unit cost of good phones manufacturedIf the spoilage is considered normal, the cost of spoiled units will be included in the cost of good units produced.
This means that the cost of producing each good phone will be higher as a result of the spoilage.
To calculate the increase in the unit cost of good phones manufactured, we can divide the total cost of manufacturing by the number of good phones produced:
Unit cost of good phones = Total manufacturing cost / (Total number of phones - Number of spoiled units)
Unit cost of good phones = $320,000 / (8,000 - 300)
Unit cost of good phones = $41.03 per phone
Increase in the unit cost = Unit cost of good phones - Unit cost of making the 8,000 cell phones
Increase in the unit cost = $41.03 - $40
Increase in the unit cost = $1.034.
Journal entries for abnormal spoilageIf the spoilage is considered abnormal, the cost of spoiled units will be recognized as a loss and will not be included in the cost of good units produced.
The journal entry to record the abnormal spoilage would be:
Debit Loss from abnormal spoilage account for $12,000
Credit Finished goods inventory account for $12,000
Explanation: In the case of abnormal spoilage, we need to record the loss by debiting the loss from the abnormal spoilage account and crediting the finished goods inventory account by the same amount. The reason being that the goods are considered complete and hence not included in the cost of good units. So, the loss incurred is recognized in the books of accounts.
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Portman Industries just paid a dividend of $2.40 per share. The company expects the coming year to be very profitable, and its dividend is expected to grow by 20.00% over the next year. After the next year, though, Portman’s dividend is expected to grow at a constant rate of 4.00% per year. Assuming that the market is in equilibrium, use the information just given to complete the table.
Postman Industries required Dividends one year from now (D₁), Horizon value ( Pˆ1 ) and Intrinsic value is $2.88, $34.036 and $32.30 per share respectively.
1. To calculate the dividends (D₁),
Dividend just paid (D₀) = $2.40 per share (Given)
Dividend growth rate for the next year (g₁) = 20.00% (Given)
Dividend growth rate after the next year (g) = 4.00% (Given)
Using the formula:
D₁ = D₀ * (1 + g₁)
Substituting the given values, we get:
D₁ = $2.40 * (1 + 0.20)
D₁ = $2.40 * 1.20
D₁ = $2.88
2. Horizon value (Pˆ1) represents the future value of all dividends assuming there is constant growth.
cost of equity (Ke) = Rf + β × market risk premium
Where, Rf is risk free rate and β is pormans beta
Ke = 5% + (1.3 × 6%)
Ke = 0.128 = 12.8%
P^1 = D₁ * ( 1 + g ) / Ke - g
= 2.88 ( 1 + 0.04) / 0.128 - 0.04
P^1 = 34.036
3. Intrinsic value represent present value of all future dividends.
To calculate it using the formula:
Intrinsic value = D₀ / (1 + r) + Pˆ1 / (1 + r)
where r is the required rate of return.
Intrinsic value = $2.40 / (1 + 0.1280) + $34.036 / (1 + 0.1280)
Intrinsic value = $2.12766 + $30.1805 ≈ $32.30816
Intrinsic value = $32.30 per share
Therefore, the completed table is as follows:
Dividends one year from now (D₁) = $2.88 per share
Horizon value (Pˆ1) = $34.036 per share
Intrinsic value of Port man’s stock= $32.3 per share
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The complete question is:
Port man Industries just paid a dividend of $2.40 per share. The company expects the coming year to be very profitable, and its dividend is expected to grow by 20.00% over the next year. After the next year, though, Port man’s dividend is expected to grow at a constant rate of 4.00% per year. Assuming that the market is in equilibrium, use the information just given to complete the table.
The risk-free rate ( RFR ) is 5.00%, the market risk premium ( RPM ) is 6.00%, and Port man’s beta is 1.30
1. Dividends one year from now (D₁)
2. Horizon value ( Pˆ1 )
3. Intrinsic value of Port man’s stock
"What are the types of unemployment? How can these types
of unemployment decrease? What are some limitations of the
unemployment rate? What would be some consequences of long bouts of
unemployment?
The types of unemployment include frictional, structural, cyclical, and seasonal unemployment. These types of unemployment can be reduced through various measures such as improving job matching, enhancing skills training, promoting economic stability, and implementing effective labor market policies.
Unemployment can take different forms. Frictional unemployment occurs when individuals are temporarily between jobs or searching for new employment. Structural unemployment arises from a mismatch between available jobs and the skills or qualifications of the workforce. Cyclical unemployment is caused by fluctuations in the business cycle, resulting in reduced demand for labor during economic downturns. Seasonal unemployment occurs when jobs are only available during specific times of the year.
To decrease these types of unemployment, several strategies can be pursued. Improving job matching mechanisms, such as online job platforms, can help connect job seekers with suitable opportunities. Investing in skills training and education programs can equip workers with the necessary qualifications to meet the demands of the job market. Promoting economic stability through sound fiscal and monetary policies can also contribute to reducing unemployment. Additionally, implementing effective labor market policies, such as providing incentives for businesses to hire and retain workers, can have a positive impact.
However, the unemployment rate, as commonly reported, has some limitations. It may not account for certain groups of unemployed individuals who are not actively seeking employment or have given up searching altogether, leading to an underestimation of the true unemployment level. The rate also does not consider individuals who are working part-time but would prefer full-time employment. Moreover, it fails to capture the quality of employment, such as job satisfaction or wages. These limitations highlight the need to consider a broader set of indicators and measures to fully assess the state of unemployment in an economy.
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refer to example 4. if richard decides to postpone his retirement for 2 years,how much can he spend each month after retirement? is this answer higher or lower? does that seemreasonable?(hint: two values change if richard postpones his retirement by 2 years: t changes and so does$540,000, as that value has 2 extra years to grow and collect interest!)
Richard can spend approximately $5,024.28 each month after retirement if he postpones his retirement for 2 years.b
If Richard postpones his retirement for 2 years, his retirement savings of $540,000 will have an additional 2 years to grow and accumulate interest. Assuming an annual interest rate of 6%, the future value of his retirement savings would be $631,728.24. To determine how much he can spend each month, we divide this future value by the number of months in retirement (20 years x 12 months = 240 months), resulting in approximately $5,024.28 per month. This amount is higher than the original calculation because the retirement savings have more time to grow. It seems reasonable that Richard can spend more each month after postponing his retirement for 2 years.
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Martinez Industries had the following operating results for 2021: Sales = $34,520; Cost of goods sold = $24,310; Depreciation expense = $6,017; Interest expense = $2,720; Dividends paid = $2,014. At the beginning of the year, net fixed assets were $19,960, current assets were $7,068, and current liabilities were $4,004. At the end of the year, net fixed assets were $24,520, current assets were $8,696, and current liabilities were $4,691. The tax rate for 2021 was 24 percent. a. What is net income for 2021? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b. What is the operating cash flow for 2021? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c. What is the cash flow from assets for 2021? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) d-1. If no new debt was issued during the year, what is the cash flow to creditors? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) d-2. If no new debt was issued during the year, what is the cash flow to stockholders? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) a. Net income b. Operating cash flow c. Cash flow from assets d-1. Cash flow to creditors d-2. Cash flow to stockholder
In 2021, Martinez Industries had a net income of $3,699. The operating cash flow for the year amounted to $9,556.
The cash flow from assets was $5,877. If no new debt was issued during the year, the cash flow to creditors was -$2,720, indicating a net payment to creditors. Similarly, if no new debt was issued, the cash flow to stockholders was -$2,014, representing a net payout to stockholders.
Net income is calculated by subtracting all expenses (including cost of goods sold, depreciation expense, and interest expense) and taxes from the sales revenue. In this case, the net income is $34,520 - $24,310 - $6,017 - $2,720 - $2,014 = $3,699.
Operating cash flow is determined by adding back non-cash expenses (such as depreciation) to net income and adjusting for changes in working capital. The operating cash flow is $3,699 + $6,017 - ($8,696 - $7,068) = $9,556.
Cash flow from assets is the sum of operating cash flow and the change in net fixed assets. It represents the total cash flow generated or used by the firm's assets. In this case, it is $9,556 + ($24,520 - $19,960) = $5,877.
Cash flow to creditors is calculated by subtracting the interest expense from the cash flow from assets. If no new debt was issued, the cash flow to creditors is -$2,720, indicating a net payment to creditors.
Cash flow to stockholders is determined by subtracting the dividends paid from the cash flow from assets. If no new debt was issued, the cash flow to stockholders is -$2,014, representing a net payout to stockholders.
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