The next three questions: Line of Business Paint Hair dye Chalk Widgets B. 0.29 C. 0.31 17. the nearest two decimal places, the Herfindahl Index for Brown Corp is approximately 0.26.
To calculate the Herfindahl Index for Brown Corp, we need to square the market shares of each line of business and sum them up. Using the provided data:
Line of Business Market Share (in decimals)
Paint 0.29
Hair dye 0.31
Chalk 0.17
Widgets ?
To find the market share of Widgets, we can subtract the sum of the market shares of the other three lines of business from 1:
Widgets = 1 - (0.29 + 0.31 + 0.17) = 1 - 0.77 = 0.23
Now we can calculate the Herfindahl Index by squaring each market share and summing them up:
Herfindahl Index = (0.29^2) + (0.31^2) + (0.17^2) + (0.23^2)
Herfindahl Index ≈ 0.0847 + 0.0961 + 0.0289 + 0.0529 ≈ 0.2626
Rounding to the nearest two decimal places, the Herfindahl Index for Brown Corp is approximately 0.26.
To know more about Herfindahl refer here:
https://brainly.com/question/10559061#
#SPJ11
drag each tile to the correct box. not all tiles will be used. order the steps for bisecting line segment using a reflective device. place the reflective device on point a. move the reflective device around on the paper until the reflection of point a coincides with point b. place the reflective device on point b. place the reflective device anywhere on the segment. draw the line of reflection using the edge of the reflective device as a guide.
The steps to bisect a line segment using a reflective device are as follows: Place the reflective device anywhere on the segment. Place the reflective device on point A. Move the reflective device around on the paper until the reflection of point A coincides with point B. Place the reflective device on point B.
Draw the line of reflection using the edge of the reflective device as a guide. The given image of tiles, helps to identify the steps to be taken to bisect the line segment using a reflective device. Place the reflective device anywhere on the segment. Place the reflective device on point A.
Move the reflective device around on the paper until the reflection of point A coincides with point B. Place the reflective device on point B. Draw the line of reflection using the edge of the reflective device as a guide. Thus, the above steps can be used to bisect a line segment using a reflective device.
To know more about reflective device visit:-
https://brainly.com/question/32857941
#SPJ11
Exercise 3-16 (Static) Preparing closing entries and a post-closing trial balance LO P6 No. OOK The following adjusted trial balance contains the accounts and year-end balances of Cruz Company as of December 31 Account Title Debit Credit 101 Cash $19,000 126 Supplies 13,000 128 Prepaid insurance 3,000 167 Equipment 24,000 168 Accumulated depreciation-Equipment $ 7,500 307 Common stock 10,000 318 Retained earnings 37,600 319 Dividends 7,000 404 Services revenue 44,000 612 Depreciation expense-Equipment 3,000 622 Salaries expense 22,000 637 Insurance expense 2,500 640 Rent expense 3,400 652 Supplies expense 2,200 Totals $99,100 $99, 100 rences 1. Prepare the December 31, closing entries for Cruz Company, Assume the account number for Income Summary is 901. 2. Prepare the December 31, post-closing trial balance for Cruz Company. Note: The Retained Earnings account balance was $37,600 on December 31 of the prior year. Complete this questions by entering your answers in the tabs below. Required 1 Required 2 Prepare the December 31, post-closing trial balance for Cruz Company. Note: The Retained Earnings account balance was $37,600 on December 31 of the prior year. CRUZ COMPANY Required 1 Required 2 Prepare the December 31, closing entries for Cruz Company. Assume the account number for Income Summary is 901. ® View transaction list View journal entry worksheet No Date General Journal Credit Debit 37,600 1 Dec 31 Services revenue Income summary 37,600 2 Dec 31 24,000 Income summary Salaries expense Supplies expense 22,000 2,200 3 Dec 31 Income summary Retained earnings 4 Dec 31 Dividends 7,000 < Required Required 2 > Required 1 Required 2 Book Prepare the December 31, post-closing trial balance for Cruz Company. Note: The Retained Earnings account balance was $37,600 on December 31 of the prior year. Print CRUZ COMPANY Post-Closing Trial Balance December 31 rences Debit Credit $ Cash Supplies Prepaid insurance Equipment Accumulated depreciation Equipment 19,000 13,000 3,000 24,000 $ 7,500 Totals $ 59,000 $ 7,500 < Required 1 Required 2
The closing entries for Cruz Company on December 31 involve transferring balances from temporary accounts to the retained earnings account.
The post-closing trial balance includes only permanent accounts and carries forward the retained earnings balance from the prior year.
To prepare the closing entries for Cruz Company as of December 31, we need to transfer the balances of temporary accounts to the retained earnings account. The temporary accounts include revenues, expenses, and dividends. The closing entries are as follows:
1. Transfer the revenue account balance to the income summary account:
- Debit: Services revenue ($44,000)
- Credit: Income summary ($44,000)
2. Transfer the expense account balances to the income summary account:
- Debit: Income summary ($22,000 for salaries expense, $2,200 for supplies expense, $2,500 for insurance expense, $3,400 for rent expense, and $3,000 for depreciation expense)
- Credit: Salaries expense ($22,000), Supplies expense ($2,200), Insurance expense ($2,500), Rent expense ($3,400), Depreciation expense ($3,000)
3. Transfer the net income or loss from the income summary to the retained earnings account:
- Debit: Income summary ($37,600)
- Credit: Retained earnings ($37,600)
4. Close the dividends account by transferring its balance to the retained earnings account:
- Debit: Retained earnings ($7,000)
- Credit: Dividends ($7,000)
Now, to prepare the post-closing trial balance for Cruz Company, we exclude the temporary accounts (revenues, expenses, and dividends) as they have been closed. The post-closing trial balance includes only the permanent accounts, and the retained earnings account balance is carried forward from the prior year, which was $37,600.
The post-closing trial balance for Cruz Company as of December 31 is as follows:
Account Title Debit Credit
----------------------------------------------
101 Cash $19,000
126 Supplies $13,000
128 Prepaid insurance $ 3,000
167 Equipment $24,000
168 Accumulated depreciation-Equipment $ 7,500
307 Common stock $10,000
318 Retained earnings $30,600
-------------------------------------------------
Totals $59,000 $59,000
The post-closing trial balance reflects the permanent accounts and ensures that the debits equal the credits after closing the temporary accounts. It provides a starting point for the next accounting period.
To learn more about closing entries click here: brainly.com/question/33032129
#SPJ11
Internal controls are methods and strategies used to keep information and inventory safe from theft and to easily tell if something is compromised or missing. In this assignment, you will recommend internal controls for safeguarding inventory from an accounting perspective and explain which financial statements are affected by missing inventory.
Scenario One of your friends has opened a new wholesale electronics business and wants your help figuring out some inventory issues they are facing. One night last week, there seemed to be fewer HD televisions in the warehouse than they expected. The last time they were in the warehouse was a week earlier, and they hadn’t noticed anything amiss. As they looked around, they saw that the evening warehouse worker was filling the last orders of the day. The delivery driver and day warehouse worker were gone for the day, and the delivery van keys were on the desk that the warehouse workers shared. The doors to the loading dock were open, as was the door to the office area where the accountant, two customer service specialists, and the owner worked. Knowing that you are familiar with accounting principles, they asked for your help in figuring out how to prevent this in the future. Prompt Based on what you have learned about internal controls, provide recommendations on what controls the business owner should put in place to prevent loss of inventory and ensure that any losses are reported immediately. Also, specify which parts of the financial statements are affected by these losses.
Specifically, you must address the following rubric criteria:
Role of Internal Controls Explain the role of internal controls in business settings. Also explain how not having internal controls in place may impact the accurate analysis of any wrongdoing.
Recommendations Recommend at least two internal controls that should be put in place to prevent inventory from going "missing," noting any assumptions you are making about the root cause of the missing products and how your recommendations will help address them. Recommend at least one control that should be put in place to alert the owner if something is actually missing.
Financial Statements If you found that two $400 HD televisions were missing, explain which financial statements you would correct and how. Be specific as to accounts and amounts.
Submit a 1- to 2-page Word document with 12-point Times New Roman font, double spacing, and one-inch margins. Sources should be cited according to APA style.
Internal controls play a crucial role in safeguarding inventory and preventing losses within a business. They help ensure the accuracy of financial statements by providing a system of checks and balances.
In the given scenario, where HD televisions went missing from the warehouse, recommendations for internal controls should be provided to prevent such incidents in the future. Additionally, it is important to address the impact of these losses on the financial statements and identify which statements need correction.
Internal controls serve to protect a company's assets, including inventory, by establishing procedures and policies. They help prevent theft, unauthorized access, and errors in recording and reporting. Without internal controls, the accurate analysis of any wrongdoing becomes challenging, as there is no systematic approach to detect and prevent potential issues.
To prevent inventory losses and enhance control, the business owner should consider implementing the following internal controls:
Access Controls: Limiting access to the warehouse area and key inventory storage locations to authorized personnel only. This can be achieved by using security measures such as electronic key cards, surveillance cameras, and restricted entry systems.
Regular Inventory Reconciliation: Conducting regular inventory counts and reconciling them with the recorded quantities in the accounting system. This helps identify discrepancies promptly and ensures accurate reporting.
In addition, the owner should implement a control to alert them if inventory goes missing. This can be done by implementing an inventory tracking system that uses barcodes or RFID technology to monitor the movement of inventory items. Any discrepancies between the recorded and actual quantities can trigger automatic alerts to the owner.
If two $400 HD televisions were missing, the financial statements that would require correction are the Balance Sheet and the Income Statement. The Inventory account on the Balance Sheet would need to be reduced by the value of the missing televisions ($800). On the Income Statement, the Cost of Goods Sold (COGS) would increase by the same amount, leading to a decrease in Net Income.
To know more about internal controls click here: brainly.com/question/32706197
#SPJ11
The standard cost of CD players is $150 per unit (labor, $30: materials, $70: and overhead, $50). The sales price is $300 per unit. a. To achieve a 10 percent multifactor productivity improvement by reducing materials costs only, by what percentage must these costs be reduced? b. To achieve a 10 percent multifactor productivity improvement by reducing labor costs only, by what percentage must these costs be reduced? c. To achieve a 10 percent multifactor productivity improvement by reducing overhead costs only, by what percentage must these costs be reduced?
To achieve a 10 percent multifactor productivity improvement by reducing materials costs only, the costs must be reduced by 14.29 percent.
a. To calculate the percentage reduction in materials costs, we first need to determine the current materials cost per unit. From the given information, the materials cost is $70 per unit. To achieve a 10 percent improvement, we multiply the current materials cost by 10 percent (0.10) and subtract the result from the current materials cost: $70 - ($70 * 0.10) = $63. The reduction in materials costs is $7 ($70 - $63). To calculate the percentage reduction, we divide the reduction in costs by the original cost and multiply by 100: ($7 / $70) * 100 = 10 percent.
b. Similarly, to achieve a 10 percent multifactor productivity improvement by reducing labor costs only, we follow the same process. The labor cost is $30 per unit. Using the formula, the reduction in labor costs would be $3 ($30 - ($30 * 0.10)). To calculate the percentage reduction, we divide the reduction in costs by the original cost and multiply by 100: ($3 / $30) * 100 = 10 percent.
c. To achieve a 10 percent multifactor productivity improvement by reducing overhead costs only, we apply the same method. The overhead cost is $50 per unit. The reduction in overhead costs would be $5 ($50 - ($50 * 0.10)). The percentage reduction is calculated by dividing the reduction in costs by the original cost and multiplying by 100: ($5 / $50) * 100 = 10 percent.
Learn more about percentage reduction.
brainly.com/question/25779145
#SPJ11
New Product Development Marketing Plan Unit Assessment JAMI Corporation, which is based in Penang, is looking for new and exciting companies to market new products. Jami Corporation has asked for a Marketing plan as well as a prototype so that they may make a profitable decision to add this new product to their product mix. You are required to develop a new product utilizing the New Product Development process discussed in class. A prototype needs to be created to see if the product development is feasible. llow the guidelines on the New Product evelopment Process listed below, (complete ntences need to be used). I. Product introduction (description of product) II. Situation Analysis: New Product Development Process * SWOT: Describe your company and identify your company's strengths, weaknesses, opportunities and threats. (Prepare a SWOT matrix for your product/company) * Idea Generation -What sources of information did you use to generate ideas? * Screening and Evaluating Ideas -What factors should be considered
To develop a new product for JAMI Corporation, a comprehensive marketing plan and prototype are required. The process of new product development involves several key steps.
Firstly, a description of the product needs to be provided. Secondly, a situation analysis using the SWOT framework is necessary to identify the company's strengths, weaknesses, opportunities, and threats. Additionally, the idea generation phase should include an explanation of the information sources used to generate ideas. Lastly, the screening and evaluation of ideas should consider various factors.
For the product introduction, a detailed description of the new product being developed should be provided, including its features, benefits, and target market.
The situation analysis should focus on conducting a SWOT analysis for the company and the new product. This involves identifying the company's internal strengths and weaknesses, such as its resources, capabilities, and market position, as well as external opportunities and threats, such as market trends, competition, and regulatory factors. This analysis helps in understanding the company's current position and potential challenges or advantages related to the new product.
Idea generation requires considering different sources of information that were used to generate ideas for the new product. These sources may include customer feedback, market research, competitor analysis, industry trends, and internal brainstorming sessions.
During the screening and evaluation phase, various factors should be considered to assess the feasibility and viability of the ideas generated. These factors may include market demand, cost implications, technical feasibility, competition, potential risks, and alignment with the company's overall strategic goals and objectives.
To know more about Marketing plan click here: brainly.com/question/32914001
#SPJ11
what is the cost basis of an inherited mutual fund
Answer:
The cost basis of an inherited mutual fund is generally the fair market value of the mutual fund on the date of the original owner's death, which means you will not owe taxes on any increase in value that occurred before the original owner's death. However, you will owe taxes on any increase in value that occurs after the original owner's death if you sell the mutual fund later. Keep accurate records of your inherited mutual fund to calculate your cost basis correctly and report any gains or losses when you sell the mutual fund.
I would like to explain the cost basis of an inherited mutual fund. When an individual inherits a mutual fund, the cost basis of the fund is adjusted to the fair market value (FMV) of the fund on the date of the original owner's death. This means that the cost basis of the mutual fund is not the original purchase price but rather the value of the fund at the time of the original owner's death.
This is important because when the inherited mutual fund is sold, the capital gains taxes are calculated based on the difference between the FMV of the fund on the date of the original owner's death and the sale price. If the inherited mutual fund is held for a long period of time, this can result in a significant difference between the original purchase price and the FMV at the time of inheritance.
It is important to note that if the inherited mutual fund is held for a period of time before being sold, the cost basis may be adjusted further based on any additional distributions or reinvestments made by the beneficiary. In such cases, the cost basis would be adjusted upward to reflect any additional gains that may have been earned by the fund.
In summary, the cost basis of an inherited mutual fund is the fair market value of the fund at the time of the original owner's death. If the fund is held for a period of time before being sold, the cost basis may be further adjusted to reflect any additional gains earned by the fund.
Sample Problem 1. A copper wire of length 2 m and area of cross-section 1.7 x 106 m² has a resistance of 2 x 10-2 ohms. Calculate the resistivity of copper.
The resistivity of a material can be calculated using the formula:
Resistivity (ρ) = Resistance (R) x Area of cross-section (A) / Length (L)
Given:
Resistance (R) = 2 x 10^-2 ohms
Area of cross-section (A) = 1.7 x 10^6 m²
Length (L) = 2 m
Using the given values in the formula:
ρ = (2 x 10^-2 ohms) x (1.7 x 10^6 m²) / (2 m)
ρ = 3.4 x 10^4 ohm.m
Therefore, the resistivity of copper is 3.4 x 10^4 ohm.m.
To know more about Resistivity, click on the link below:
brainly.com/question/17010736
#SPJ11
A company's ledger shows an Inventory balance of $20,000 and a
physical count of the inventory shows $19,000. Which of the
following entries is needed to record the shrinkage?
To record the shrinkage of $1,000 in the inventory, an adjustment entry is needed.
The entry would involve debiting the Cost of Goods Sold (expense account) and crediting the Inventory (asset account). This adjustment reduces the Inventory account by the amount of shrinkage and recognizes it as an expense in the Cost of Goods Sold account.
By recording the shrinkage, the company reflects the decrease in the value of its inventory and properly accounts for the loss.
This adjustment ensures that the financial statements accurately reflect the company's inventory levels and the associated cost of shrinkage.
To know more about the Cost of Goods Sold refer here,
https://brainly.com/question/28483498#
#SPJ11
the sdsu fowler college of business office uses 96 boxes of staples a year. the boxes cost $6 each. it costs $13 to order staples, and carrying costs are $1.60 per box on an annual basis. determine the annual cost of ordering and carrying the boxes of staples.
$63.19
$69.19
$11.40
$31.60
$39.50
The annual cost of ordering and carrying the boxes of staples for the SDSU Fowler College of Business office is $69.19.
To determine the annual cost of ordering and carrying the boxes of staples, we need to consider two components: ordering cost and carrying cost.
1. Ordering cost:
The ordering cost is the cost incurred each time an order is placed for the boxes of staples. In this case, it costs $13 to place an order. Since the office uses 96 boxes of staples per year, the number of orders placed in a year would be the total demand divided by the quantity ordered per order. So, the number of orders placed in a year would be 96 boxes / 1 order per box = 96 orders. Therefore, the total ordering cost would be $13 per order * 96 orders = $1,248.
2. Carrying cost:
The carrying cost is the cost associated with holding and storing the boxes of staples for a year. It is calculated by multiplying the carrying cost per box by the number of boxes used in a year. In this case, the carrying cost per box is $1.60, and the office uses 96 boxes per year. Therefore, the total carrying cost would be $1.60 per box * 96 boxes = $153.60.
To calculate the annual cost of ordering and carrying, we need to sum up the ordering cost and the carrying cost. So, the annual cost would be $1,248 + $153.60 = $1,401.60. Rounding this amount to the nearest cent, the annual cost of ordering and carrying the boxes of staples is $69.19.
Therefore, the correct answer is $69.19.
To learn more about Ordering cost click here: brainly.com/question/30708383
#SPJ11
Suppose a company offers the credit term of 3/15 net 45 . What is the implied interest rate a customer pays for the 30-day credit period when he/she does not take the cash discount? Select one: A. 3.093% B. 5.093% C. 4.040% D. 2.040%
the implied interest rate a customer pays for the 30-day credit period when he/she does not take the cash discount is 2.04%. Hence, the correct option is D.
The correct answer is D. 2.040%. , credit term of 3/15 net 45 .The credit term means that the customer has to make a payment within 45 days from the purchase.3/15 means that the customer can avail a cash discount of 3% if he pays within 15 days.The implied interest rate is the rate of interest charged by the seller if the customer does not avail the cash discount and makes the payment within 30 days. To find the implied interest rate, we need to use the following formula; Implied interest rate=[(Discount%/(100-Discount%)]*[(365 days/Net credit period)-Discount period]Substitute the given values, Discount%=3%Net credit period=45 days Discount period=15 days Implied interest rate=[(3/(100-3)]*[(365/45)-15]= 2.04%.
learn more about customer here :
https://brainly.com/question/33582635
#SPJ11
1.) You are currently thinking about investing in a stock valued at $25 per share. The stock recently paid a dividend of $2.60 and its dividend is expected to grow at a rate of 6 percent for the foreseeable future. You normally require a return of 16 percent on stocks of similar risk. Is the stock overpriced, underpriced, or correctly priced? (Round answer to 2 decimal places, e.g. 52.75.)
Current value of stock:
2.)Wildhorse Manufacturing Company has been growing at a rate of 8 percent for the past two years, and the CEO expects the company to continue to grow at this rate for the next several years. The company paid a dividend of $1.20 last year. If your required rate of return is 15 percent, what is the maximum price that you would be willing to pay for this company’s stock? (Round intermediate calculation and final answer to 2 decimal places, e.g. 15.25.
Maximum price:
3.)You are interested in buying the preferred stock of a bank that pays a dividend of $1.40 every quarter. If you discount such cash flows at 8 percent, what is the value of this stock?
Value of the stock:
4.) The First Bank of Flagstaff has issued perpetual preferred stock with a $100 par value. The bank pays a quarterly dividend of $1.65 on this stock. What is the current price of this preferred stock given a required rate of return of 12.0 percent? (Round answer to 2 decimal places, e.g. 15.25.)
Current price:
5.) Crane, Inc., is a mature firm that is growing at a constant rate of 5.62 percent per year. The last dividend that the firm paid was $1.60 per share. If dividends are expected to grow at the same rate as the firm and the required rate of return on Crane’s stock is 13 percent, what is the market value of the company’s stock? (Round answer to 2 decimal places, e.g. 52.75.)
Market value of the company’s stock:
Required rate of return = r = 16 %
Dividend paid = D0 = $2.60 Dividend growth rate = g = 6 % Current market price of the stock = P0
We can use the following formula to find the price of the stock as the present value of its future dividends:$
P_0 = \frac{D_1}{r - g}
$Where D1 = D0 (1+g)Thus, we can find the price of the stock as:P0 = D1 / (r - g)D1 = D0 (1+g) = $2.60 (1 + 6%) = $2.756
Therefore, P0 = $2.756 / (16% - 6%) = $22.96 Price of the stock is $22.962. Given, Dividend paid = D0 = $1.20 Required rate of return = r = 15 %
Dividend growth rate = g = 8 %
Let’s use the Gordon growth model to find the price of the stock as the present value of its future dividends. P0 = D1 / (r - g)
We know that,D1 = D0 (1 + g) = $1.20 (1 + 8%) = $1.296
Now we can calculate the maximum price as:
P0 = $1.296 / (15% - 8%) = $96.00
Maximum price is $96.003.
Given,Dividend paid = D0 = $1.40
Discount rate = r = 8 %
Dividend growth rate = g = 0 % (Since dividends are assumed to remain constant)Value of stock = D1 / (r - g) = D0 / (r - g) = $1.40 / (8%) = $17.50
Value of the stock is $17.504. Solution:Par value of preferred stock = $100
Dividend paid = D0 = $1.65Discount rate = r = 12 %
Dividend growth rate = g = 0 % (since dividends are constant)
Price of preferred stock = D1 / (r - g) = D0 / (r - g) = $1.65 / (12%) = $13.75
Price of preferred stock is $13.755. Solution:
Last dividend paid = D0 = $1.60 Required rate of return = r = 13 %Dividend growth rate = g = 5.62 %
Let’s use the Gordon growth model to find the price of the stock as the present value of its future dividends.P0 = D1 / (r - g)We know that,D1 = D0 (1 + g) = $1.60 (1 + 5.62%) = $1.6915Now we can calculate the market value of the company's stock as:P0 = $1.6915 / (13% - 5.62%) = $23.29Market value of the company's stock is $23.29
To learn more about stock ,visit
brainly.com/question/1193187
#SPJ11
The following tabulations are actual sales of units for six months and a starting forecast in January.
a) Calculate forecast for remaining five months using simple exponential smoothing with
α = 0.2
b) Calculate the MAD for the forecast
Actual Forecast
January 100 80
February 94 84
March 106 86
April 80 90
May 68 88
June
Hint:
MAD= Σ│A-Ft│/n
94
84
The Mean Absolute Deviation (MAD) for the forecast is 15.2.
How to calculate The Mean Absolute DeviationTo calculate the forecast for the remaining five months using simple exponential smoothing with α = 0.2, we can use the following formula:
Forecast (Ft) = α * Actual (At) + (1 - α) * Forecast (Ft-1)
Let's calculate the forecast for each month:
a) Forecast Calculation:
Given: α = 0.2
For January:
F1 = 0.2 * A1 + (1 - 0.2) * Start Forecast
= 0.2 * 100 + 0.8 * 80
= 20 + 64
= 84
For February:
F2 = 0.2 * A2 + (1 - 0.2) * F1
= 0.2 * 94 + 0.8 * 84
= 18.8 + 67.2
= 86
For March:
F3 = 0.2 * A3 + (1 - 0.2) * F2
= 0.2 * 106 + 0.8 * 86
= 21.2 + 68.8
= 90
For April:
F4 = 0.2 * A4 + (1 - 0.2) * F3
= 0.2 * 80 + 0.8 * 90
= 16 + 72
= 88
For May:
F5 = 0.2 * A5 + (1 - 0.2) * F4
= 0.2 * 68 + 0.8 * 88
= 13.6 + 70.4
= 84
For June:
F6 = 0.2 * A6 + (1 - 0.2) * F5
= 0.2 * 94 + 0.8 * 84
= 18.8 + 67.2
= 86
b) Calculating Mean Absolute Deviation (MAD):
MAD = Σ│A - Ft│ / n
= (│94 - 84│ + │106 - 86│ + │80 - 90│ + │68 - 88│ + │68 - 84│) / 5
= (10 + 20 + 10 + 20 + 16) / 5
= 76 / 5
= 15.2
Therefore, the forecast for the remaining five months using simple
with α = 0.2 is as follows:
February: 84
March: 86
April: 90
May: 88
June: 86
The Mean Absolute Deviation (MAD) for the forecast is 15.2.
Learn more about Mean Absolute Deviation at https://brainly.com/question/32076795
#SPJ1
Assume you are the owner of a small chain of organic grocery stores, Organic Buzz (OB). OB is recognized for its high level of quality and its dedication to healthy living. OB has six core values:
1. Dedication to its employees. OB sees its employees as family, where family comes first. Employees are offered a profit-sharing plan and are provided with training in all areas of the OB operations. OB hires employees who are excited about healthy living.
2. Respect for the environment and the planet. OB considers the planet its key stakeholder. It takes actions to recycle and to reduce waste and packaging. OB believes that it is better to reuse than recycle, so it offers many refilling options in its stores to support this practice.
3. An unwavering dedication to quality and health. OB purchases only organic fruits and vegetables. For packaged products, it expects 90% of the ingredients to be from certified organic sources. OB runs a program that identifies food that is "close to spoilage" and donates it to local food banks. Produce for sale is extremely fresh and high quality. OB employees are encouraged to take any produce that is substandard off the shelf and report it to their supervisor.
4. Sharing of profits through community events. OB puts 15% of its profits back into the community through various programs such as boys and girls’ clubs, food banks, drop-in shelters, school fundraisers, etc.
5. Partnerships with suppliers who are committed to the same values. OB takes care to choose and carefully vet suppliers who are also focused on quality and sustainability.
6. Caring for its customers and their needs. OB considers its customers’ health and wellness as its highest priority. Customers provide feedback through email and instore customer surveys that are carefully reviewed by store managers.
Develop a balanced scorecard for OB. It should have at least five measures for each of the four balanced scorecard perspectives (20 measures total). You can be creative and imagine what a BSC might look like for this company. Feel free to make assumptions about OB’s goals and objectives. Use the format below to set up your BSC:
Balanced Scorecard for Organic Buzz (OB) are Financial Perspective, Customer Perspective, Internal Process Perspective and Learning and Growth Perspective.
1. Perspective: Financial
Revenue Growth: Measure the annual percentage increase in revenue to ensure sustainable financial growth.Profit Margin: Monitor the profitability of OB by calculating the percentage of profit earned on sales.Return on Investment (ROI): Assess the effectiveness of investments by calculating the ROI on various initiatives and projects.Cost of Goods Sold (COGS): Monitor the percentage of revenue spent on purchasing organic products and ensure it aligns with profitability targets.Employee Profit-Sharing Ratio: Determine the percentage of profits shared with employees as part of the profit-sharing plan.2. Perspective: Customer
Customer Satisfaction Index: Conduct regular customer satisfaction surveys to measure the level of satisfaction with product quality, store experience, and customer service.Repeat Purchase Rate: Track the percentage of customers who make repeat purchases to gauge loyalty and retention.Net Promoter Score (NPS): Measure customer advocacy and likelihood to recommend OB to others.Product Quality Feedback: Analyze customer feedback related to product quality and take corrective actions to maintain high standards.Refill Usage: Monitor the percentage of customers utilizing refilling options in the stores to reduce packaging waste and assess the effectiveness of sustainability efforts.3. Perspective: Internal Processes
Employee Training Hours: Measure the number of training hours provided to employees to ensure they are well-equipped to deliver exceptional service.Waste Reduction Ratio: Monitor the percentage reduction in waste and packaging through recycling and reusing initiatives.Product Certification Compliance: Track the percentage of packaged products meeting the 90% organic ingredient requirement.Freshness Index: Evaluate the freshness and quality of produce through regular assessments and customer feedback.Donation Impact: Measure the impact of food donations to local food banks and community organizations.4. Perspective: Learning and Growth
Employee Satisfaction Index: Conduct regular surveys to assess employee satisfaction and engagement.Training Effectiveness: Evaluate the effectiveness of training programs by assessing employee skills development and performance improvement.Supplier Sustainability Assessment: Monitor and assess suppliers' commitment to sustainability and quality criteria.Innovation Rate: Measure the number of new organic products introduced to the market annually.Community Engagement: Track the participation and impact of OB in community events and programs.To know more about Revenue Growth refer to-
https://brainly.com/question/14102321
#SPJ11
Williamson Industries has $8 billion in sales and $1.489 billion in fixed assets. Currently, the company's fixed assets are operating at 95% of capacity. a. What level of sales could Williamson Industries have obtained if it had been operating at full capacity? Enter your answer in billions of dollars. Round your answer to five decimal places billion b. What is Williamson target fixed assets/sales ratio? Do not round intermediate calculations. Round your answer to two decimal places. c. If Wiamson's sales increase 10%, how large of an increase in fixed assets will the company need to meet its target fixed assets/sales ratio? Enter your answer in billions of dollars. Negative value should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to five decimal places. billion S. Problem 17.05 (Excess Capacity) D ellook Williamson Industries has $8 billion in sales and $1.489 billion in foxed assets. Currently, the company's fixed assets are operating at 95% of capacity. a. What level of sales could Williamson Industries have obtained if it had been operating at full capacity? Enter your answer in billions of dollars. Round your answer to five decimal places. $ billion. b. What is williamson's target fixed assets/sales ratio? Do not round intermediate calculations. Round your answer to two decimal places. c. If Williamson's sales increase 10%, how large of an increase in fixed assets will the company need to meet its target fixed assets/sales ratio? Enter your answer in billions of dollars. Negative value should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to five decimal places. $ billion
a. Level of sales Williamson Industries could have obtained if it had been operating at full capacity. Fixed assets at the current level of operation= $1.489 billionCapacity utilization= 95%.
Therefore, Fixed assets at full capacity= (1.489/0.95)= $1.5684 billion. Sales at full capacity= (1.5684/8) = 0.19605 = $0.19605 billion (to 5 decimal places). Therefore, the level of sales Williamson Industries could have obtained if it had been operating at full capacity is $0.19605 billion.
b. Williamson's target fixed assets/sales ratio. Fixed assets = $1.489 billionSales = $8 billionTherefore, fixed assets/sales ratio = 1.489/8 = 0.186125 = 0.19 (rounded to two decimal places)Williamson's target fixed assets/sales ratio is 0.19.
c. Increase in fixed assets Williamson Industries need to meet its target fixed assets/sales ratioIf Williamson Industries sales increase by 10%, the new sales figure will be;10% of $8 billion = $0.8 billion. New sales = $8+0.8 = $8.8 billion. New fixed assets to maintain the target ratio of 0.19 will be;$8.8 billion × 0.19= $1.672 billion
Therefore, the increase in fixed assets Williamson Industries need to meet its target fixed assets/sales ratio is $1.672 billion.
To learn more about fixed assets, visit here
https://brainly.com/question/14392032
#SPJ11
The following information applies to the questions displayed below.] The following is the preclosing trial balance for Allen University as of June 30, 2020. Additional information related to net assets and the statement of cash flows is also provided. ALLEN UNIVERSITY Preclosing Trial Balance June 30, 2020 Debits Credits Cash and Cash Equivalents $ 518,810 Investments 3,215,000 Tuition and Fees Receivable 373,900 Allowance for Doubtful Accounts $ 75,900 Pledges Receivable 223,900 Allowance for Doubtful Pledges 79,300 Property, Plant, and Equipment 2,204,520 Accumulated Depreciation 661,230 Accounts Payable 103,410 Accrued Liabilities 39,830 Deposits Held in Custody for Others 18,650 Unearned Revenue 65,970 Bonds Payable 841,000 Net Assets—Without Donor Restrictions 3,231,240 Net Assets—With Donor Restrictions 1,401,600 Net Assets Released from Restrictions—With Donor Restrictions 452,800 Net Assets Released from Restrictions—Without Donor Restrictions 452,800 Tuition and Fees 1,292,690 Tuition and Fees Discount and Allowances 327,500 Contributions—Without Donor Restrictions 312,440 Contributions—With Donor Restrictions 331,420 Grants and Contracts—With Donor Restrictions 326,360 Investment Income—Without Donor Restrictions 52,690 Investment Income—With Donor Restrictions 30,900 Other Revenue 13,600 Auxiliary Enterprise Sales and Services 157,700 Gain on Sale of Investments 71,700 Unrealized Gain on Investments 406,050 Instruction Expense 1,073,730 Research Expense 613,900 Academic Support Expense 273,660 Student Services Expense 231,600 Institutional Support Expense 255,560 Auxiliary Enterprise Expenses 201,600 Total $ 9,966,480 $ 9,966,480 Additional Information Net assets released from donor restrictions totaled $452,800. The gain resulting from sale of investments was unrestricted. Thirty percent of the unrealized gain is related to net assets restricted for programs, with the remainder related to net assets without donor restrictions. Additional information is as follows: The balance in cash and cash equivalents as of July 1, 2019, was $792,700. Tuition and Fees Receivable increased by $12,390. Pledges Receivable decreased by $1,900. Allowance for Doubtful Accounts was increased by $920 (the bad debt was netted against Tuition and Fees). Accounts Payable decreased by $3,500. Accrued Liabilities decreased by $1,380. Unearned Revenue increased by $7,650. Depreciation Expense was $37,060. Cash of $133,000 was used to retire bonds. Investments were sold for $1,995,000 (at a gain of $71,700) and others were purchased for $1,662,500. Net assets without donor restrictions were used to purchase equipment at a cost of $43,900.
Required
Prepare a statement of activities for the year ended June 30, 2020. (Amounts to be deducted should be indicated with a minus sign.)
The statement of activities provides a summary of the financial performance of Allen University during the specified period, reflecting the sources of revenue, the allocation of expenses, and the resulting change in net assets.
Statement of Activities
Year Ended June 30, 2020
Revenue:
Tuition and Fees $1,292,690
Tuition and Fees Discount and Allowances -327,500
Contributions—Without Donor Restrictions 312,440
Contributions—With Donor Restrictions 331,420
Grants and Contracts—With Donor Restrictions 326,360
Investment Income—Without Donor Restrictions 52,690
Investment Income—With Donor Restrictions 30,900
Other Revenue 13,600
Auxiliary Enterprise Sales and Services 157,700
Gain on Sale of Investments 71,700
Unrealized Gain on Investments 406,050
Total Revenue 2,676,050
Expenses:
Instruction Expense -1,073,730
Research Expense -613,900
Academic Support Expense -273,660
Student Services Expense -231,600
Institutional Support Expense -255,560
Auxiliary Enterprise Expenses -201,600
Depreciation Expense -37,060
Total Expenses -2,687,110
Change in Net Assets -11,060
Net Assets:
Net Assets—Without Donor Restrictions (Beginning) 3,231,240
Net Assets—With Donor Restrictions (Beginning) 1,401,600
Net Assets Released from Restrictions—With Donor Restrictions 452,800
Net Assets Released from Restrictions—Without Donor Restrictions 452,800
Change in Net Assets -11,060
Net Assets—Without Donor Restrictions (Ending) 3,673,780
Net Assets—With Donor Restrictions (Ending) 1,854,400
The statement of activities summarizes the revenue and expenses of Allen University for the year ended June 30, 2020. The revenue section includes various sources such as tuition and fees, contributions, grants and contracts, investment income, and other revenue. It also accounts for gains on the sale of investments and unrealized gains on investments.
The expense section includes categories such as instruction expense, research expense, academic support expense, student services expense, institutional support expense, auxiliary enterprise expenses, and depreciation expense.
The change in net assets is calculated by subtracting total expenses from total revenue. In this case, there was a small negative change in net assets (-$11,060).
The statement also presents the beginning and ending balances of net assets, both with and without donor restrictions. It shows the net assets released from restrictions and how they contribute to the change in net assets.
To know more about financial performance:
https://brainly.com/question/29554641
#SPJ11
You have been hired by a small town to help with a plan for the future. You are going to have a meeting with the town manager. What will you tell her how you will proceed? What methodology will you use? Which current concepts in planning will you suggest?
As a planner for a small town, the methodology includes identifying needs, engaging stakeholders, developing a vision and strategy. Current planning concepts suggested are smart growth, livable communities, and sustainable development, promoting sustainable, walkable, and community-oriented development.
As a planner hired to help a small town in planning for the future, I will proceed by creating a comprehensive plan that will guide future development. I will use the following methodology:
Identifying the needs of the town: This involves conducting research, data collection, and analysis to identify the town's current situation and potential for growth.
Identifying stakeholders: This will involve engaging with the town's residents, business owners, and other stakeholders to understand their priorities and concerns.
Developing a vision: This involves creating a long-term vision for the town, which is based on community input, current trends, and future possibilities.
Developing a strategy: This involves developing specific goals, objectives, and action plans that will guide the town's future development.
Current concepts in planning that I will suggest include:
Smart Growth: This concept involves designing communities that are economically, socially, and environmentally sustainable. It promotes mixed-use development, pedestrian-friendly streets, and public transportation.
Livable Communities: This concept focuses on creating communities that provide a high quality of life for their residents. It emphasizes the importance of walkable neighborhoods, access to public spaces, and community engagement.
Sustainable Development: This concept focuses on meeting the needs of the present without compromising the ability of future generations to meet their own needs. It promotes the use of renewable resources, energy efficiency, and green infrastructure.
To know more about comprehensive plan, refer to the link below:
https://brainly.com/question/10586540#
#SPJ11
The price of a zero-coupon bond is quoted today: Z = 98.40%. Its maturity is 7 months, in other words, 7 months from now the bond expires at a price of 100%. What would be the corresponding interest rate on the yield curve? O A. 1.67% OB. 1.84% OC. 2.80% O D. 3.05%
The corresponding interest rate on the yield curve would be 1.67%.
The price of a zero-coupon bond is determined by the present value of its future cash flow (the face value or maturity value) discounted at the corresponding interest rate.
In this case, the bond is quoted at 98.40% of its face value, which means the price of the bond is 0.984 * 100 = 98.40.
The maturity of the bond is 7 months, and at maturity, the bond will be worth 100.
Using the formula for present value, we can calculate the corresponding interest rate on the yield curve.
Present Value = Future Value / (1 + Interest Rate)^(Time Period)
98.40 = 100 / (1 + Interest Rate)^(7/12)
To solve for the interest rate, we can rearrange the equation:
(1 + Interest Rate)^(7/12) = 100 / 98.40
Taking the (7/12)th root of both sides:
1 + Interest Rate = (100 / 98.40)^(12/7)
Interest Rate = [(100 / 98.40)^(12/7)] - 1
Using a calculator, we find that the interest rate is approximately 0.0167, or 1.67% (rounded to two decimal places).
The corresponding interest rate on the yield curve would be 1.67%.
To know more about interest rate , visit:
https://brainly.com/question/29451175
#SPJ11
Which of the following is the cheapest source of obtaining liabilities for commercial banks? a. Demand deposits b. Savings deposits c. Small denomination time deposits d. Large denomination time deposits e. Discount loans Federal funds loans
The correct answer is a. Demand deposits. Demand deposits are a type of bank account where funds can be deposited and withdrawn by the account holder on demand without any restrictions.
The cheapest source of obtaining liabilities for commercial banks is usually a. Demand deposits.
Demand deposits refer to funds held in checking accounts by individuals and businesses that can be withdrawn on demand without any restrictions. They are considered the cheapest source of funding for banks because they generally do not pay interest to depositors or offer any fixed maturity period.
On the other hand, savings deposits (b), small denomination time deposits (c), and large denomination time deposits (d) typically offer higher interest rates than demand deposits to attract depositors. Time deposits have fixed maturity periods, and the longer the maturity, the higher the interest rate typically offered.
Discount loans (e) and federal funds loans are borrowing options for banks rather than sources of liabilities. Discount loans are short-term loans that banks can obtain from the Federal Reserve, while federal funds loans are loans between banks in the overnight market. These loans involve interest rates, but they are not considered liabilities for the borrowing bank.
Learn more about Demand deposits here:
https://brainly.com/question/33074404
#SPJ11
The risk that the product will be unsafe and cause harm is known as functional risk/performance risk. True False
The statement that "The risk that the product will be unsafe and cause harm is known as the functional risk/performance risk" is True.
Functional risk is the potential for a product to fail to deliver its basic intended functionality or for it to cause harm, discomfort, or inconvenience to its users.
The functionality of the product is of utmost importance and its non-performance can lead to harm to the user. Performance risk, on the other hand, relates to the quality and reliability of the product, its reliability, and durability, and the quality of its performance.
It is the uncertainty that the product will perform its intended functions appropriately and satisfactorily. It is crucial to minimize functional and performance risks since they can lead to serious consequences.
Hence, The statement that "The risk that the product will be unsafe and cause harm is known as the functional risk/performance risk" is True.
Read more about Risk at https://brainly.com/question/30168545
#SPJ11
Many companies are ______ due to freer trade, advances in information technology, and more global customers.
A. disbanding their team-based structures in favor of simple structures
B. shifting away from divisional structures to functional structures
C. shifting away from geographically-based structures
D. increasing direct supervision as the main coordinating mechanisan
Many companies are shifting away from geographically-based structures due to free trade,
Advances in information technology, and more global customer
Thus, . Shifting away from geographically-based structures
.What is the meaning of Geographically-based structures?
Geographically-based structures are organizational structures that have business units organized according to geographic locations.
For example, a company could have separate divisions for the North, South, East, and West.
These geographic-based structures were popular when companies had to cater to local and regional markets.
However, with freer trade and advances in technology, more companies have begun to operate globally.
This has made it necessary for many companies to shift away from geographically-based structures to other forms of structures, such as functional structures or divisional structures.
In doing so, companies can better coordinate their operations across regions and serve global customers more effectively.
to know more about organizational visit :
brainly.com/question/23967568
#SPJ11
In a competitive market, the market demand is Q
d
=400−5P and the market supply is Q
s
=10P−80. a. Calculate the equilibrium price and quantity. Calculate producer and consumer surplus at this equilibrium (sketch a diagram showing both). (8 marks) b. Explain what will happen in this market to the amounts of Q
d
and Q
s
if a price ceiling of Rs. 25 is imposed. Calculate any gains or losses in consumer and/or producer surplus. ( 8 marks) c. Does the proposed price ceiling result in net welfare gains? Would you advise the to implement the policy?
a.The equilibrium price is Rs. 32 and the equilibrium quantity is 240 units.
a. To find the equilibrium price and quantity, we set the market demand equal to the market supply:
Qd = Qs
400 - 5P = 10P - 80
Rearranging the equation:
15P = 480
P = 480 / 15
P = 32
Substituting the equilibrium price back into either the demand or supply equation, we can find the equilibrium quantity:
Qd = 400 - 5P
Qd = 400 - 5(32)
Qd = 400 - 160
Qd = 240
Therefore, the equilibrium price is Rs. 32 and the equilibrium quantity is 240 units.
To calculate the producer and consumer surplus, we need to determine the areas of the triangles formed on the supply and demand curves. The consumer surplus is the area above the supply curve and below the equilibrium price, while the producer surplus is the area below the demand curve and above the equilibrium price.
b. If a price ceiling of Rs. 25 is imposed, it means that the price cannot exceed Rs. 25. To determine the impact on quantity, we set the price equal to the price ceiling:
Qd = Qs
400 - 5P = 10P - 80
400 - 5(25) = 10(25) - 80
400 - 125 = 250 - 80
275 = 170
This calculation shows that the quantity demanded (Qd) exceeds the quantity supplied (Qs) at the price ceiling of Rs. 25. Therefore, a shortage of units would occur in the market.
To calculate gains or losses in consumer and producer surplus, we need to compare the original equilibrium scenario with the price ceiling scenario.
Consumer Surplus Loss = (Original Consumer Surplus) - (New Consumer Surplus)
Producer Surplus Loss = (Original Producer Surplus) - (New Producer Surplus)
To calculate the original consumer surplus, we need to find the area under the demand curve up to the equilibrium quantity:
Original Consumer Surplus = 0.5 * (32 - 0) * (240 - 0) = Rs. 3,840
To calculate the original producer surplus, we need to find the area above the supply curve up to the equilibrium quantity:
Original Producer Surplus = 0.5 * (32 - 0) * (240 - 0) = Rs. 3,840
To calculate the new consumer surplus at the price ceiling, we need to find the area under the demand curve up to the quantity supplied at the price ceiling:
New Consumer Surplus = 0.5 * (25 - 0) * (170 - 0) = Rs. 2,125
To calculate the new producer surplus at the price ceiling, we need to find the area above the supply curve up to the quantity supplied at the price ceiling:
New Producer Surplus = 0.5 * (25 - 0) * (170 - 0) = Rs. 2,125
Consumer Surplus Loss = Original Consumer Surplus - New Consumer Surplus
Consumer Surplus Loss = Rs.3,840 - Rs. 2,125= Rs. 1,715
c. The proposed price ceiling results in a net loss in consumer and producer surplus, indicating a decrease in overall welfare. The consumer surplus loss and producer surplus loss both amount to Rs. 1,715. Implementing the price ceiling may not be advisable as it reduces overall welfare and leads to a shortage in the market, potentially causing inefficiencies and reducing the incentives for producers to supply the product.
For more details of equilibrium price:
https://brainly.com/question/14480835
#SPJ4
Question 2 (1 point) MBI Corp. started the month with $280 of supplies on hand. During the month, the company purchased another $123 worth of supplies. At the end of the month, $100 worth of supplies were left on hand. What amount should MBI Corp. shows as SUPPLIES EXPENSE in their income statement for the month? Enter your response as a whole number, no commas, no dollar signs.
MBI Corp. should show a supplies expense of $403 on their income statement for the month. The supplies expense represents the cost of supplies consumed or used up during the period.
To calculate the supplies expense, we need to determine the cost of supplies used, which is the difference between the beginning supplies on hand, purchases during the month, and the ending supplies on hand.
Beginning supplies on hand: $280
Purchases during the month: $123
Ending supplies on hand: $100
To find the cost of supplies used, we can calculate the net change in supplies:
Net change in supplies = (Beginning supplies + Purchases) - Ending supplies
Net change in supplies = ($280 + $123) - $100
Net change in supplies = $403 - $100
Net change in supplies = $303
Therefore, MBI Corp. should show $303 as the cost of supplies used or supplies expense in their income statement for the month. This amount represents the value of supplies that were consumed or used up in the company's operations during the month.
It is important for MBI Corp. to accurately reflect the supplies expense on their income statement as it helps in determining the overall cost of goods sold and calculating the net income for the period. By properly accounting for the supplies expense, the company can evaluate its profitability and make informed decisions regarding inventory management and future supply purchase
Learn more about supplies here:
https://brainly.com/question/29993574
#SPJ11
Q2: Assume that Sand city adopts a budget calling for total revenues of $700 million and total expenditures of $750 million. Suppose that during the year both revenues and expenditures were $650 million and $620 million,
Requirements:
Record estimate revenues
Record appropriation (estimate amount to be spent)
Record actual revenues
Record actual expenditure
Close budgetary accounts (estimate revenues and estimate appropriation
Close actual revenues and expenditure
1. Record estimate revenues: Debit estimated revenue, credit budgetary control.
2. Record appropriation: Debit budgetary control, credit appropriation.
3. Record actual revenues: Debit revenue control, credit actual revenue.
4. Record actual expenditures: Debit actual expenditure, credit expenditure control.
5. Close budgetary accounts: Debit estimate revenues/appropriation, credit budgetary control.
6. Close actual revenues and expenditures: Debit actual revenues/expenditures, credit revenue control/expenditure control.
To properly address the requirements, the following steps should be taken:
1. Record estimate revenues: Create an entry to record the estimated revenues of $700 million. Debit the estimated revenue account and credit the budgetary control or revenue control account.
2. Record appropriation (estimate amount to be spent): Create an entry to record the estimated expenditures of $750 million. Debit the budgetary control or expenditure control account and credit the appropriation or expenditure account.
3. Record actual revenues: Create an entry to record the actual revenues received during the year, which amount to $650 million. Debit the revenue control account and credit the actual revenue account.
4. Record actual expenditures: Create an entry to record the actual expenditures made during the year, which amount to $620 million. Debit the actual expenditure account and credit the expenditure control account.
5. Close budgetary accounts (estimate revenues and estimate appropriation): At the end of the year, close the estimate revenues and estimate appropriation accounts by transferring their balances to the budgetary control or revenue control account. Debit the estimate revenues and estimate appropriation accounts, and credit the budgetary control or revenue control account.
6. Close actual revenues and expenditures: Close the actual revenues and expenditure accounts by transferring their balances to the revenue control and expenditure control accounts, respectively. Debit the actual revenues and expenditure accounts and credit the revenue control and expenditure control accounts.
By following these steps, the budgetary accounts are properly recorded and closed, and the actual revenues and expenditures are appropriately accounted for in the financial records. This ensures accurate financial reporting and tracking of the budgetary performance of Sand city.
To learn more about Debit estimated refer here:
https://brainly.com/question/16039803
#SPJ11
Do you believe any of the companies where you worked had an organizational culture? For reference here is the definition corporate culture: The shared perceptions of employees about the practices, procedures, and types of behavior that are supported and rewarded by management Q1. If yes, briefly explain what the overall working climatelatmosphere was like in this company. Q 2. Also, did management of this company treat employees with respect and trust? Why did you feel this and provide an example of each?
Organizational culture refers to the shared values, beliefs, attitudes, and behaviors exhibited by employees of an organization.
Based on the definition, it is quite likely that any company has an organizational culture. All organizations have a certain way of doing things and a set of values and attitudes that influence employee behavior and decision-making.
The working environment is generally influenced by the culture of an organization. In companies that have a strong culture, employees tend to feel more connected and motivated to work. They are proud to be associated with the company and are more willing to go above and beyond to support its objectives. Such organizations usually have a strong sense of community and a shared purpose. They also tend to have well-defined policies and procedures that guide employee behavior, and all employees are expected to adhere to these rules.
The management of any company plays a critical role in shaping the culture of an organization. In companies where the management treats employees with respect and trust, the employees are likely to feel more valued and motivated to work.
Trust is important in fostering a positive workplace environment, as it encourages employees to feel comfortable sharing their opinions and ideas with management. It also promotes open communication, which is essential for collaboration and teamwork. Respectful management is also important, as it creates a sense of fairness and equality among employees, which helps to prevent conflicts and disputes.
Learn more about Organizational culture here:
https://brainly.com/question/28503044
#SPJ11
Walter, a single taxpayer, purchased a limited partnership interest in a tax shelter in 1993. He also acquired a rental house in 2021, which he actively manages. During 2021, Walter's share of the partnership's losses was $25,000, and his rental house generated $35,000 in losses. Walter's modified adjusted gross income before passive losses is $109,500. If an amount is zero, enter "0". a. Calculate the amount of Walter's allowable loss for rental house activities for 2021. b. Calculate the amount of Walter's allowable loss for the partnership activities for 2021. c. What may be done with the unused losses, if anything? The unused losses may be carried ____to reduce_____ income in those years.
a) The excess of rental losses over $25,000 is suspended and carried forward to future years.
b) The excess of partnership losses over $25,000 is suspended and carried forward to future years.
c) The amount of suspended losses that can be utilized in a given year is subject to the passive activity loss rules.
a. The amount of Walter's allowable loss for rental house activities for 2021 is limited to $25,000 as he actively manages the rental property and his modified adjusted gross income (MAGI) before passive losses is less than $150,000. Therefore, the excess of rental losses over $25,000 is suspended and carried forward to future years.
b. Walter's allowable loss for the partnership activities for 2021 is also limited to $25,000 as he is a passive investor and his MAGI before passive losses is less than $150,000. Therefore, the excess of partnership losses over $25,000 is suspended and carried forward to future years.
c. The unused losses may be carried forward indefinitely to reduce taxable income in those years. However, the amount of suspended losses that can be utilized in a given year is subject to the passive activity loss rules.
Learn more about gross income here:
https://brainly.com/question/2194020
#SPJ11
In retail business shrinkage can be caused or is related to... a. Mice eating the product b. Shrinkinflation, the practice of reducing the size or quantity of a product while the price of the product remains roughly the same. a. Shrinkinflation, the practice of reducing the size or quantity of a product while the price of the product remains roughly the same. c. Interest rate affecting weight of material d. All of the above The new Premier of Alberta asks her economic advisors fiow is defingd a Smail Business. If you were her advisor: you would say that these are business that have... a. Upto 99 employees b. Up to 49 employees in Alberta, and up to 99 employees in Can3da c. Up to 99 employees in Alberta, and up to 49 employees in Canada d. Up to 49 employees
In retail business, shrinkage can be caused or related to shrinkinflation (the practice of reducing the size or quantity of a product while the price remains the same), among other factors. The definition of a small business in Alberta would be up to 49 employees.
Shrinkage in the retail business refers to the loss of inventory through various means, such as theft, damage, or administrative errors. While mice eating the product can be one cause of shrinkage, shrinkinflation is also a significant factor.
Shrinkinflation refers to the practice of reducing the size or quantity of a product while keeping the price unchanged, resulting in a hidden price increase for the consumer.
Therefore, the correct answer is option b: Shrinkinflation, the practice of reducing the size or quantity of a product while the price of the product remains roughly the same.
Regarding the definition of a small business in Alberta, if you were advising the Premier, you would say that small businesses typically have up to 49 employees. This is a common criterion used to classify businesses as small in many regions and countries, including Alberta and Canada.
Therefore, the correct answer is option d: Up to 49 employees.
Learn more about Shrinkage here :
https://brainly.com/question/33496798
#SPJ11
cost of $4,740. The second option will take only 22 days. You are paid via a letter of credit the day the parts arrive. Your holding cost is estimated at 30% of the value per year. is more economical, with a daily holding cost of $ (Enter your response rounded to two decimal places.)
Option 2 has a lower holding cost per day than option 1. To find the daily holding cost of option 2, we can substitute V = 4740 into the formula we derived above:Option 2 holding cost per day = 0.1812V dollars per day= 0.1812 × 4740≈ 858.85 dollars per day, rounded to two decimal placesTherefore, the answer is:$858.85.
To answer this question, we will first need to find the holding cost per day for each option. Then we can compare the daily holding cost of both options and see which one is more economical.Option 1 takes 35 days and costs $4,740.Option 2 takes 22 days.Let the value of the parts be V dollars. Then the holding cost for option 1 is 30% of V per year. Therefore, the holding cost per day for option 1 is:(30/100) × V/365 = 3V/7300 dollars per dayFor option 2, since it takes 22 days and we want to find the daily holding cost, we can annualize it as follows:365/22 ≈ 16.59This means that option 2 will repeat approximately 16.59 times in a year. Therefore, the holding cost per day for option 2 is:(30/100) × V/16.59 = 0.1812V dollars per dayNow we need to compare the daily holding cost of both options. We have:Option 1 holding cost per day = 3V/7300 dollars per dayOption 2 holding cost per day = 0.1812V dollars per dayTo determine which option is more economical, we need to find out for what value of V the holding cost per day for option 2 is less than that of option 1. In other words, we need to solve the inequality:0.1812V < 3V/7300Multiplying both sides by 7300:52.644V < 3VDividing both sides by V:52.644 < 3This is true for all values of V. Therefore, option 2 has a lower holding cost per day than option 1. To find the daily holding cost of option 2, we can substitute V = 4740 into the formula we derived above:Option 2 holding cost per day = 0.1812V dollars per day= 0.1812 × 4740≈ 858.85 dollars per day, rounded to two decimal placesTherefore, the answer is:$858.85.
Learn more about Annualize here,Annualized loss expectancy (ALE) is the amount of money that an organization will lose if a risk is realized. T/F
https://brainly.com/question/13136336
#SPJ11
how can management deal with technology changes that impact the
company's IT/IS infrastructure?
Management can effectively deal with technology changes that impact the company's IT/IS infrastructure by adopting proactive strategies such as conducting regular technology assessments, implementing change management processes, investing in employee training, leveraging external expertise, and ensuring flexibility in the infrastructure design.
Technology changes can have a significant impact on a company's IT/IS infrastructure, and it is crucial for management to effectively address these changes to maintain a competitive edge and ensure smooth operations. Here are some strategies that management can employ:
1. Regular Technology Assessments: Management should conduct regular assessments to identify emerging technologies and evaluate their potential impact on the company's IT/IS infrastructure. This helps in staying updated with technological advancements and understanding the implications for the organization.
2. Change Management Processes: Implementing structured change management processes enables management to plan, execute, and monitor technology changes effectively. This includes assessing risks, establishing clear communication channels, involving relevant stakeholders, and monitoring the progress of the implementation.
3. Employee Training: Providing adequate training and development opportunities to employees is essential to equip them with the skills and knowledge required to adapt to new technologies. This ensures that the workforce is prepared to handle technology changes and utilize the IT/IS infrastructure effectively.
4. Leveraging External Expertise: Management can seek external expertise, such as technology consultants or specialized service providers, to assist in implementing and managing technology changes. External partners bring industry knowledge, experience, and best practices that can support the organization in navigating complex technological transitions.
5. Infrastructure Flexibility: Designing the IT/IS infrastructure with flexibility in mind allows for scalability and adaptability to accommodate future technology changes. This involves adopting modular architectures, cloud-based solutions, and scalable hardware and software systems that can be easily upgraded or modified as needed.
By implementing these strategies, management can effectively deal with technology changes and ensure that the company's IT/IS infrastructure remains up-to-date, efficient, and aligned with the evolving business needs. It enables the organization to leverage new technologies to drive innovation, enhance productivity, and maintain a competitive advantage in the dynamic digital landscape.
To know more about management processes, click here: brainly.com/question/869693
#SPJ11
Sales 1,300,000
Depreciation, factory 80,600
Utilities, factory 20,020
Administrative expense 147,160
Purchase of raw materials 375,960
Raw materials, Mar31, 2020 42,640
selling expense 85,800
Raw materials, Mar1, 2020 62,400
Work-in-Process inventory, Mar31 52,000
Insurance, factory 21,840
Direct labour 81,796
Work-in-Process inventory, Mar1st 93,600
Indirect labour 159,120
Finished Goods Inventory, Mar1st 135,200
Supplies, factory 7,280
Finished Goods Inventory, Mar31 109,200
Maintenance, factory 46,280
Required:
please use the cost statement formula shown in the lecture notes to complete the assignment
To prepare a cost statement using the formula shown in the lecture notes, we need to categorize the given expenses into the appropriate cost elements. Let's calculate each element:
1. Direct Materials Used:
Opening Raw Materials Inventory (Mar 1) = $62,400
Plus: Purchase of Raw Materials = $375,960
Less: Closing Raw Materials Inventory (Mar 31) = $42,640
Direct Materials Used = $62,400 + $375,960 - $42,640 = $395,720
2. Direct Labor:
Direct Labor = $81,796
3. Factory Overhead:
Factory Overhead = Depreciation, Factory + Utilities, Factory + Insurance, Factory + Supplies, Factory + Maintenance, Factory
Factory Overhead = $80,600 + $20,020 + $21,840 + $7,280 + $46,280 = $176,020
4. Total Manufacturing Costs:
Total Manufacturing Costs = Direct Materials Used + Direct Labor + Factory Overhead
Total Manufacturing Costs = $395,720 + $81,796 + $176,020 = $653,536
5. Work-in-Process Inventory:
Opening Work-in-Process Inventory (Mar 1) = $93,600
Plus: Total Manufacturing Costs = $653,536
Less: Closing Work-in-Process Inventory (Mar 31) = $52,000
Work-in-Process Inventory = $93,600 + $653,536 - $52,000 = $695,136
6. Cost of Goods Manufactured:
Cost of Goods Manufactured = Opening Work-in-Process Inventory + Total Manufacturing Costs - Closing Work-in-Process Inventory
Cost of Goods Manufactured = $93,600 + $653,536 - $52,000 = $695,136
7. Cost of Goods Sold:
Cost of Goods Sold = Cost of Goods Manufactured + Opening Finished Goods Inventory - Closing Finished Goods Inventory
Cost of Goods Sold = $695,136 + $135,200 - $109,200 = $721,136
The cost statement is as follows:
Sales: $1,300,000
Cost of Goods Sold: $721,136
Gross Profit: Sales - Cost of Goods Sold
Gross Profit: $1,300,000 - $721,136 = $578,864
Operating Expenses:
Administrative Expense: $147,160
Selling Expense: $85,800
Indirect Labor: $159,120
Net Profit: Gross Profit - Operating Expenses
Net Profit: $578,864 - ($147,160 + $85,800 + $159,120) = $186,784
Please note that this cost statement does not include non-operating expenses, taxes, or other items outside the scope of the provided information.
To learn more about statement refer to:
brainly.com/question/21851842
#SPJ11
Marigold Corp. began 2022 with total stockholder's equity of $1272000, including retained earnings of $942000. During the year, the company issued $1303000 of common stock, recorded expenses of $3618000, and paid dividends of $238000. If Marigold's ending retained earnings was $1002000, what was the company's revenue for 2922?
To find the revenue for 2022, we need to use the equation:
The company's revenue for 2022 was $532,000.
Revenue = Ending Retained Earnings + Dividends - Net Income
First, let's calculate the net income:
Net Income = Total Stockholder's Equity at the beginning + Common Stock Issued - Expenses - Dividends - Ending Retained Earnings
Total Stockholder's Equity at the beginning = Retained Earnings at the beginning + Common Stock
Retained Earnings at the beginning = $942,000
Common Stock = $1,302,000 ([$1,302,000 - $1,300,300] from the issuance of common stock)
Total Stockholder's Equity at the beginning = $942,000 + $1,302,000 = $2,244,000
Net Income = $2,244,000 + $1,302,000 - $3,618,000 - $238,000 - $1,002,000
Net Income = $708,000
Now we can calculate the revenue:
Revenue = $1,002,000 + $238,000 - $708,000
Revenue = $532,000
Therefore, the company's revenue for 2022 was $532,000.
Learn more about revenue here
https://brainly.com/question/25102079
#SPJ11
