The statement that is not one of the flaws of the 1999 Disinflation and Stabilization Program is: b. it overestimated the role of foreign direct investments.
The other statements (a, c, and d) highlight actual flaws of the program based on the given information. However, the statement in option b is not specifically mentioned as a flaw of the program. It is important to note that the absence of a flaw in this particular statement does not necessarily imply that foreign direct investments were accurately assessed or played a significant role in the program.
The flaws mentioned in options a, c, and d are more directly tied to the program's shortcomings. These flaws include disregarding the impossible trinity, issues with the targeted pace of disinflation, and the potential limitation of setting specific inflation targets alongside exchange rate targeting.
Therefore, the statement in option b is the one that is not presented as a flaw of the 1999 Disinflation and Stabilization Program based on the given information.
To know more about Disinflation, visit : brainly.com/question/32568303
#SPJ11
Question 25 1.5 pts Target is planning to conduct a study among their Target cardholders. The research team has acquired a contact list of all Target cardholders and will use this list to invite poten
Target's plan to conduct a study among their Target cardholders is a great way to gain valuable insights about their audience. The research team's acquisition of a contact list of all Target cardholders provides an efficient way to invite potential participants to take part in the study.
To ensure that the study yields accurate results, it is important to use best practices when inviting participants, collecting data, and analyzing results. The research team should:
Develop a clear and concise survey: The survey questions should be easy to understand and answer. The questions should also be relevant to the research objectives.
Provide incentives for participation: Offering incentives, such as discounts or gift cards, can encourage more people to participate in the study.
Use a randomized sampling method: Randomly selecting participants from the contact list will help ensure that the sample is representative of the overall Target cardholder population.
Ensure participant confidentiality: Participants should be assured that their responses will be kept confidential and that their personal information will not be shared with third parties.
Analyze the data accurately: The research team should use appropriate statistical methods to analyze the data and draw meaningful conclusions.
By following these best practices, Target can obtain accurate insights into their customers' behaviors, preferences, and needs. These insights can then be used to make informed business decisions, improve the customer experience, and increase customer loyalty.
learn more about Target cardholders here
https://brainly.com/question/30699353
#SPJ11
Intermediate-volume systems do not use: standard process design flow shop layout batch production standard product design
Intermediate-volume systems do not use the batch production. Intermediate volume systems are characterized as falling between high-volume and low-volume systems.
They make use of semi-automated equipment, with processes that are partially standardized but not quite standardized as in high-volume systems. Standard process design, flow shop layout, and standard product design are used in intermediate-volume systems, but batch production is not used. This is because intermediate volume systems are designed to operate with different levels of volume, and the batch production process may not be capable of handling such volumes effectively.
In a production line, intermediate-volume systems are normally located somewhere between high-volume and low-volume systems. These are often semi-automated systems that are designed to run at a much slower rate than high-volume systems, but still faster than low-volume systems. Due to their partial automation, intermediate-volume systems require less labor than low-volume systems.
To know more about batch production visit :
https://brainly.com/question/30756345
#SPJ11
In Project Cost Management you estimate costs, determine a budget and control the costs involved. Fill in the inputs, tools and techniques and outputs for each with the words below. Scope baseline, project schedule, human resource plan, risk register enterprise environmental factors, organizational process assets, expert judgement, analogous estimating, parametric estimating, bottom-up estimating, three-point estimates, cost of quality, reserve analysis, project management estimating software, activity cost estimates, basic of estimates, project document updates, activity cost estimates, project schedule, resource calendars, contracts, scope baseline, organizational process assets, cost aggregation, reserve analysis, expert judgement, historical relationships, funding limit reconciliation, cost performance baseline, project funding requirements, project document updates, project management plan, project funding requirements, work performance information, organizational process assets, earned value management, forecasting, to-complete performance index, performance reviews, variance analysis, project management software, work performance measurements, budget forecasts, organizational process assets updates, change requests, project management plan updates, project document updates.
a. Estimate costs Inputs Tools and Techniques Outputs
b. Determine budget Inputs Tools and Techniques Outputs
c. Cost Control
Project Cost Management involves estimating costs, determining a budget, and controlling costs throughout the project lifecycle.
a. Estimate costs Inputs: Scope baseline, project schedule, human resource plan, risk register, enterprise environmental factors, organizational process assets.
Tools and Techniques: Expert judgment, analogous estimating, parametric estimating, bottom-up estimating, three-point estimates, cost of quality, reserve analysis, project management estimating software.
Outputs: Activity cost estimates, basis of estimates, project document updates.
b. Determine budget Inputs: Activity cost estimates, project schedule, resource calendars, contracts, scope baseline, organizational process assets.
Tools and Techniques: Cost aggregation, reserve analysis, expert judgment, historical relationships, funding limit reconciliation.
Outputs: Cost performance baseline, project funding requirements, project document updates, project management plan updates.
c. Cost Control Inputs: Cost performance baseline, project funding requirements, project management plan, project funding requirements, work performance information, organizational process assets, earned value management.
Tools and Techniques: Forecasting, to-complete performance index, performance reviews, variance analysis, project management software, work performance measurements, budget forecasts.
Outputs: Organizational process assets updates, change requests, project management plan updates, project document updates.
a. Estimate costs involves gathering the necessary information such as scope baseline, project schedule, human resource plan, risk register, and environmental factors. The tools and techniques used include expert judgment, analogous estimating, parametric estimating, and bottom-up estimating. The outputs of this process are activity cost estimates and the basis of estimates, which are documented in the project documents.
b. Determine budget uses the activity cost estimates from the previous step along with the project schedule, resource calendars, contracts, scope baseline, and organizational process assets as inputs. The tools and techniques employed include cost aggregation, reserve analysis, expert judgment, and historical relationships. The outputs are the cost performance baseline, project funding requirements, and updates to the project management plan and project documents.
c. Cost Control relies on inputs such as the cost performance baseline, project funding requirements, project management plan, work performance information, and organizational process assets. The tools and techniques used include forecasting, to-complete performance index, performance reviews, variance analysis, project management software, work performance measurements, and budget forecasts. The outputs of this process are updates to the organizational process assets, change requests, and updates to the project management plan and project documents.
Project Cost Management involves estimating costs, determining a budget, and controlling costs throughout the project lifecycle. It requires inputs such as project scope, schedule, resource plans, and risk registers, and utilizes various tools and techniques including expert judgment, estimating techniques, and analysis methods. The outputs include activity cost estimates, budget baselines, and updates to project documentation and management plans. By effectively estimating and controlling costs, project managers can ensure the project remains within budget and achieve its financial objectives.
To know more about controlling follow the link:
https://brainly.com/question/26398073
#SPJ11
Exercise 12-10 Information for two companies in the same industry, Sandhill Co. and Bonita Industries, is presented here
Sandhill Co Bonita Industries
Net cash provided by operating activities $81,330 $91,400
Average current liabilities 49,800 94,900
Net income 181,90 181,900
Capital expenditures 37,660 69,250
Dividends paid 4,570 9,920
Compute free cash flow for both companies and compare
Sandhill Co. Bonita Industries
Free cash flow _ s free cash flow is better
Free cash flow: Free cash flow is the net amount of cash and equivalents that remain after subtracting capital expenditures from operating cash flow. It's the cash that's free and available for the business's discretionary use.
To calculate the free cash flow, we need to use the formula:
Free Cash Flow = Operating Cash Flow - Capital Expenditures
We have the data for the two companies:
Sandhill Co Bonita Industries
Net cash provided by operating activities $81,330 $91,400Capital expenditures 37,660 69,250
Free cash flow for Sandhill Co. = Operating Cash Flow - Capital Expenditures
Free cash flow for Sandhill Co. = $81,330 - $37,660Free cash flow for Sandhill Co. = $43,670
Free cash flow for Bonita Industries = Operating Cash Flow - Capital Expenditures
Free cash flow for Bonita Industries = $91,400 - $69,250
Free cash flow for Bonita Industries = $22,150
From the computation above, we can conclude that Sandhill Co.'s free cash flow is $43,670, while Bonita Industries' free cash flow is $22,150. We can further analyze that Sandhill Co.'s free cash flow is better.
Learn more about Capital Expenditures: https://brainly.com/question/32154085
#SPJ11
The manufacturing area has had a historical delay percentage of 7.9%. Management wants to verify that percentage using an alpha value of 7% and they are willing to tolerate an acceptable error of 2%. How large a sample will be necessary?
To verify the historical delay percentage with an alpha value of 7% and a tolerable error of 2%, the sample size required can be determined using the formula for sample size estimation.
To determine the required sample size, we need to consider the desired alpha value, tolerable error, and the historical delay percentage. The formula for sample size estimation in this case is:
n = (Z^2 * p * (1-p)) / E^2
Where:
n = sample size
Z = Z-score corresponding to the desired alpha value
p = historical delay percentage
E = tolerable error
Plugging in the values, Z = 1.04 (corresponding to alpha = 7%), p = 0.079 (7.9%), and E = 0.02 (2%), we can calculate the sample size as:
n = (1.04^2 * 0.079 * (1-0.079)) / 0.02^2
Simplifying the equation yields the required sample size.
Learn more about hypothesis testing: brainly.com/question/17099835
#SPJ11
Construct a cause-and-effect diagram showing why you might be
dissatisfied with a cafeteria near your place by giving at least
SEVEN (7) short reasons.
A cause-and-effect diagram can be used to show why a person might be dissatisfied with a cafeteria near their place. Here are seven short reasons that could be included in the diagram:
1. Poor quality of food: The cafeteria may not offer quality food, which may lead to dissatisfaction among customers.2. High prices: The cost of food in the cafeteria might be high, which may lead to dissatisfaction.3. Lack of variety: The cafeteria may not have a wide variety of food options, which may lead to dissatisfaction among customers.4. Unfriendly staff: The staff at the cafeteria may be unfriendly, which may lead to a negative experience.5. Poor hygiene: If the cafeteria is not clean, this may lead to dissatisfaction among customers.6. Long wait times: If the cafeteria has long lines or slow service, this may lead to dissatisfaction.7. Inconvenient hours: If the cafeteria is not open at convenient times, this may lead to dissatisfaction among customers.These are seven short reasons that could be included in a cause-and-effect diagram to show why a person might be dissatisfied with a cafeteria near their place.
To know more about diagram, visit:
https://brainly.com/question/13480242
#SPJ11
Montgomery Antiques, Inc., began February with inventory of $48,600. The business made net purchases of $55,000 and had net sales of $80,900 before a fire destroyed the company's inventory. For the past several years, Montgomery's gross profit percentage has been 45%. Read the requirement. Use the gross margin method to estimate the cost of inventory destroyed. Cost of goods available Estimated cost of goods sold: Less: Estimated cost of goods sold Estimated cost of inventory destroyed Requirement 1. Estimate the cost of the inventory destroyed by the fire. Identify another reason that owners and managers use the gross profit method to estimate inventory.
The estimated cost of the inventory destroyed by the fire is $67,195. The gross profit method is a simple way to estimate inventory when physical counts are not possible or practical, and can be useful for internal analysis or interim financial reporting.
To estimate the cost of inventory destroyed by the fire using the gross margin method, we first need to calculate the estimated cost of goods sold.
Cost of goods available = Beginning inventory + Net purchases = $48,600 + $55,000 = $103,600
Estimated cost of goods sold = Gross profit percentage x Net sales
= 0.45 x $80,900
= $36,405
Estimated cost of inventory destroyed = Cost of goods available - Estimated cost of goods sold
= $103,600 - $36,405
= $67,195
Therefore, the estimated cost of the inventory destroyed by the fire is $67,195. Another reason why owners and managers use the gross profit method to estimate inventory is to monitor and evaluate the profitability of the business.
By comparing the gross profit margin to previous periods or industry averages, they can assess the efficiency of inventory management, pricing strategies, and overall financial performance.
The gross profit method provides a quick and straightforward way to estimate inventory, which can be useful for interim financial reporting, internal analysis, or when physical inventory counts are not feasible or impractical.
However, it's important to note that the gross profit method is an estimation technique and should not replace a comprehensive physical inventory count for accurate financial reporting purposes.
In conclusion, the gross profit method is not only used to estimate the cost of inventory destroyed but also serves as a valuable tool for evaluating profitability and monitoring the financial health of a business. Therefore, the estimated cost of the inventory destroyed by the fire is $67,195.
To know more about inventory refer here:
https://brainly.com/question/31746182#
#SPJ11
Project L requires an initial outlay at t=0 of $68,524, its expected cash inflows are $12,000 per year for 9 years, and its WACC is 11%. What is the project's IRR? Round your answer to two decimal places.
We must determine the discount rate at which the current value of cash inflows equals the original outlay in order to get the Internal Rate of Return (IRR) for Project L.
For nine years, $12,000 in predicted cash inflows per year. We discount these cash flows using the project's 11% Weighted Average Cost of Capital (WACC) to get their present value.The present value of the cash inflows is determined by applying the method for calculating the present value of an annuity. PV is calculated as follows: (Cash inflow / Discount rate) * (1 - (1 / (1 + Discount rate)n) PV = ($12,000 / 0.11) * (1 - (1 / (1 + 0.11)^9)) PV = $66,525.49 We know that the IRR is higher since the present value of the cash inflows ($66,525.49) is lower than the original outlay ($68,524)
Learn more about Rate of Return here:
https://brainly.com/question/9217875?
#SPJ11
Suppose bank X has a total of $10,000 of deposits. The federal bank specified a required reserve ratio of 10% a) What is the required reserve for bank X? (5 Points) b) Due to some deposits and transfers Bank X now has a total reserve of $8,000. What is the excess reserve possessed by Bank x? (5 Points) c) What is the potential deposit creation of Bank X? (You need to compute the multiplier first) Points) (5
a) The required reserve for bank X is $1,000.
b) Bank X has an excess reserve of $7,000.
c) The potential deposit creation of Bank X is $70,000.
a) The required reserve for bank X can be calculated as follows:
Required Reserve = Total Deposits x Required Reserve Ratio
Required Reserve = $10,000 x 0.10
Required Reserve = $1,000
Therefore, the required reserve for bank X is $1,000.
b) Excess reserves are calculated by subtracting the required reserve from the total reserve:
Excess Reserves = Total Reserves - Required Reserve
Excess Reserves = $8,000 - $1,000
Excess Reserves = $7,000
Therefore, Bank X has an excess reserve of $7,000.
c) To calculate the potential deposit creation of Bank X, we need to first calculate the money multiplier. The money multiplier formula is:
Money Multiplier = 1 / Required Reserve Ratio
In this case, the required reserve ratio is 10%, so the money multiplier is:
Money Multiplier = 1 / 0.10
Money Multiplier = 10
The potential deposit creation of Bank X is calculated by multiplying the excess reserve by the money multiplier:
Potential Deposit Creation = Excess Reserves x Money Multiplier
Potential Deposit Creation = $7,000 x 10
Potential Deposit Creation = $70,000
Therefore, the potential deposit creation of Bank X is $70,000.
Learn more about Bank here:
https://brainly.com/question/29433277
#SPJ11
Find The Present Value Of An Annuity With Payments Of $600 At The End Of Every Three Months For 9 Years. The Interest Rate Is 10% Compounded Quarterly. The Present Value Of The Annuity Is $ (Round The Final Answer To The Nearest Cent As Needed. Round All Intermediate Values To Six Decimal Places As Needed.)
Find the present value of an annuity with payments of $600 at the end of every three months for 9 years. The interest rate is 10% compounded quarterly.
The present value of the annuity is $
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
The present value of the annuity is $ $48,115.85.
We have to find the present value of an annuity with payments of $600 at the end of every three months for 9 years at 10% interest rate compounded quarterly.
In order to calculate the present value of annuity, we have to use the formula,
PV = Payment * [(1 - (1 + i)^-n)/i]where
PV = present value, Payment = $600, i = quarterly interest rate = 10% / 4 = 0.025, n = number of payments = 9 years * 4 quarters/year = 36 quarters
Substitute the values in the formula, we get
PV = $600 * [(1 - (1 + 0.025)^-36)/0.025]≈ $48,115.85
Hence, the present value of the annuity is approximately $48,115.85.
Learn more about present value here: https://brainly.com/question/25792915
#SPJ11
Management roles are key to an effective implementation of MNE’s competitive strategy. Briefly examine the roles and responsibilities of THREE (3) core management that could help a firm to build effective management capabilities. Give an example for each core management.
Three core management roles that are crucial for building effective management capabilities in a multinational enterprise (MNE) are:
Chief Executive Officer (CEO):
The CEO plays a pivotal role in setting the strategic direction of the MNE and ensuring its effective implementation. Responsibilities of a CEO include:
Example:
Let's consider an MNE in the technology industry. The CEO of this company is responsible for formulating the overall business strategy, such as expanding into new markets, developing innovative products, and forging strategic partnerships.
Chief Operations Officer (COO):
The COO oversees the operational aspects of the MNE and ensures the efficient execution of its strategy. Responsibilities of a COO include:
Example:
Suppose we have an MNE operating in the automotive sector. The COO of this company is responsible for managing the production processes, supply chain, and manufacturing facilities across different countries. They ensure that operations run smoothly, production targets are met, and quality standards are maintained.
Chief Human Resources Officer (CHRO):
The CHRO plays a vital role in managing the organization's human capital and developing the necessary talent and skills to support the MNE's strategy. Responsibilities of a CHRO include:
Example:
Consider an MNE in the hospitality industry. The CHRO of this company is responsible for attracting, developing, and retaining top talent across various locations. They design and implement strategies for employee recruitment, training, performance management, and employee engagement.
To know more about management roles, refer
https://brainly.com/question/28054878
#SPJ4
1. Using the resource based view of strategy (RBV), analyse the defining characteristics that determine the internal competitive advantage of the Hill group of companies. 2. Good strategy formulation alone will not make your organization successful. There are other elements that must work and fit together with the strategy to make an organization realize its goals and objectives competitively. Discuss the above statements.
3. Describe the concept of resource utilization and control in strategic management. 4. The sources of the competitive advantage of a firm can be seen from its discrete activities and how they interact with one another. Discuss this statement by applying the value chain to the Tanzania textile Industry. 5. Discuss the uses of the value chain activity using the case of furniture & alumunium businesses in Tanzania. 6. Make a detailed case study analysis of the driving forces for the textile industry in Tanzania and suggest appropriate strategies for the success of one of the mobile companies.
7. (a) How would you define channels of distribution? What factors would govern your choice of distribution in the competitive structure of an industry?
(b) "The intensity of competition depends on several factors. Identify these factors and discuss briefly on them.
8. (a) Can cost leadership strategy allow a firm to earn above-average returns despite strong competitive forces? Discuss.
(b) Describe the difference between Cost leadership vs. cost reduction. 9. (a) Draft a conceptual model for creating a 'strategic plan' for a company. (b) What is 'environmental audit' in strategic planning?
(c) Differentiate between; Effects of learning and experience curve.
Good strategy formulation is a crucial factor for organizational success, but it must be complemented by effective strategy execution, a supportive organizational culture, strong leadership, an appropriate organizational structure, competent human resources, continuous improvement efforts, and an understanding of the external environment. All these elements need to work together and fit with the strategy to achieve the organization's goals and objectives competitively.
1. Using the resource-based view of strategy (RBV), analyse the defining characteristics that determine the internal competitive advantage of the Hill group of companies.
The resource-based view of strategy (RBV) focuses on identifying and leveraging a firm's unique resources and capabilities to achieve a sustainable competitive advantage. In the case of the Hill Group of companies, several defining characteristics contribute to their internal competitive advantage:
a) Tangible Resources: The Hill Group possesses physical assets such as manufacturing facilities, equipment, and infrastructure, which provide a foundation for their operations and give them a competitive edge in terms of production capabilities and efficiency.
b) Intangible Resources: The Hill Group's intangible resources, such as their brand reputation, patents, trademarks, and customer loyalty, differentiate them from competitors and enhance their market position.
c) Human Capital: The skills, knowledge, and expertise of the Hill Group's employees contribute to their competitive advantage. Their workforce's experience, innovation capabilities, and ability to deliver high-quality products and services are critical factors in their success.
d) Organizational Culture: The Hill Group's strong culture of customer focus, continuous improvement, and teamwork creates a competitive advantage by fostering collaboration, employee engagement, and a customer-centric approach.
e) Supply Chain Management: The Hill Group's efficient supply chain management and strong relationships with suppliers enable them to ensure timely delivery, reduce costs, and maintain a competitive edge in the market.
f) Financial Resources: The Hill Group's strong financial position, access to capital, and ability to invest in research and development, marketing, and expansion activities provide them with the flexibility and resources necessary to pursue growth opportunities and withstand market uncertainties.
2. Good strategy formulation alone will not make your organization successful. There are other elements that must work and fit together with the strategy to make an organization realize its goals and objectives competitively. Discuss the above statements.
While strategy formulation is crucial for an organization's success, it is not sufficient on its own. Several other elements must work in harmony with the strategy to achieve organizational goals and maintain competitiveness:
a) Strategy Execution: Strategy must be effectively executed throughout the organization. This involves aligning resources, setting clear objectives, establishing performance metrics, and ensuring effective communication and coordination across all levels.
b) Organizational Culture: A supportive and adaptive culture is essential for strategy implementation. It influences how employees embrace and align with the strategy, driving their commitment and motivation to achieve organizational goals.
c) Leadership: Effective leadership is crucial to guide and inspire employees, make strategic decisions, and create a supportive environment for strategy execution. Leaders need to communicate the strategy, provide necessary resources, and empower employees to contribute to its success.
d) Organizational Structure: The structure should be designed to facilitate strategy execution by enabling effective communication, coordination, and decision-making. It should promote flexibility, agility, and collaboration across different functions and departments.
e) Human Resources: Having the right people with the required skills and competencies is essential. Recruiting, developing, and retaining talented employees who align with the organization's strategy is critical for success.
f) Continuous Improvement: Organizations must foster a culture of continuous improvement, embracing feedback, learning from failures, and adapting strategies based on changing market conditions and customer needs.
g) External Environment: External factors such as market dynamics, technological advancements, regulatory changes, and competitive forces should be considered to ensure the strategy remains relevant and responsive.
learn more about "organization":- https://brainly.com/question/19334871
#SPJ11
Find solutions for your homework
Find solutions for your homework
businessaccountingaccounting questions and answers←ch 3 homework question 6 of 13: view polici current attempt in progress cullumber industries collected $105.000 from customers in 2022. of the amount collected, $25,800 was for services performed in 2021. in addition, cullumber performed services worth $40,100 in 2022, which will not be collected until 2023 cullumber industries also paid $71.900 for
This problem has been solved!
You'll get a detailed solution from a subject matter expert that helps you learn core concepts.
See Answer
Question: ←CH 3 Homework Question 6 Of 13: View Polici Current Attempt In Progress Cullumber Industries Collected $105.000 From Customers In 2022. Of The Amount Collected, $25,800 Was For Services Performed In 2021. In Addition, Cullumber Performed Services Worth $40,100 In 2022, Which Will Not Be Collected Until 2023 Cullumber Industries Also Paid $71.900 For
←CH 3 Homework
Question 6 of 13:
View Polici
Current Attempt in Progress
Cullumber Industries collected $105.000 from custome
Show transcribed image text
Expert Answer
100% answer image blur
Transcribed image text: ←CH 3 Homework Question 6 of 13: View Polici Current Attempt in Progress Cullumber Industries collected $105.000 from customers in 2022. Of the amount collected, $25,800 was for services performed in 2021. In addition, Cullumber performed services worth $40,100 in 2022, which will not be collected until 2023 Cullumber Industries also paid $71.900 for expenses in 2022. Of the amount paid $30.200 was for expenses incurred on accountin 2021. In addition, Cullumber incurred $43,100 of expenses in 2022, which will not be paid until 2023. (a) Compute 2022 cash basis net income. Cash-basis net income (b) Compute 2022 accrual-basis net income. Accrual basis net income eTextbook and Media Attempts: 0 of 3 used Sove for Later SA Question 2 Question 3 Question 4 ang p Question S Agron Viewing questions Question 7 Question Ang Pr Question 9 Accounting p Question 107 Ang Down Question 11 Acting down Un BAL +11 med 4/1 9/1 A 9/1 -41 Not s M Note -/1 /1 Notre
The Cash-basis net income in 2022 is $77,600 and the Accrual-basis net income in 2022 is $47,400.
Solution:Calculation of 2022 cash basis net income:Amount collected from customers in 2022 = $105,000Amount for services performed in 2021 = $25,800Amount collected in 2022 = $105,000-$25,800=$79,200Revenue in 2022 (excluding amounts to be received in future) = $79,200+$40,100=$1,19,300Expenses incurred in 2022 (excluding amounts payable in future) = $71,900-$43,100=$28,800Expenses paid in 2022 (including expenses incurred in 2021) = $71,900-$30,200=$41,700Cash-basis net income in 2022 = Revenues in 2022 - Expenses paid in 2022= $1,19,300-$41,700=$77,600 Calculation of 2022 accrual-basis net income:Accrual-basis net income = Revenues earned in 2022 - Expenses incurred in 2022Revenues earned in 2022 = Revenue collected in 2022 + Revenue to be collected in 2023= $79,200+$40,100=$1,19,300Expenses incurred in 2022 = Expenses paid in 2022 + Expenses payable in 2023 = $28,800+$43,100 = $71,900Accrual-basis net income in 2022 = $1,19,300-$71,900= $47,400Therefore, the Cash-basis net income in 2022 is $77,600 and the Accrual-basis net income in 2022 is $47,400.
Learn more about Expenses incurred here,Product costs are expensed when they are incurred. This statement is.
https://brainly.com/question/26635450
#SPJ11
Manpreet has the ability to forecast and predict products' supply and demand for the future and based on the forecast, she makes future plans to increase the company's profitability and avoid losses. Manpreet is a_______
a.
Adaptive employee
b.
Proactive employee
c.
Proficient employee
d.
Inactive employee
Based on the given information, Manpreet has the ability to forecast and predict products' supply and demand for the future and based on the forecast, she makes future plans to increase the company's profitability and avoid losses. Therefore, the correct answer is b. Proactive employee.
Proactive employees are those who take the initiative to identify and address potential problems before they become actual problems. Proactive employees are not only focused on their own work, but they also take an interest in the organization's success by identifying areas where they can contribute to the organization's goals.
To know more about profitability visit:
https://brainly.com/question/33205053
#SPJ11
Explain Final-offer arbitration?(10 Marks)
Final-offer arbitration is a type of dispute resolution process in which a third-party arbitrator chooses one of the parties' final offers to settle the dispute.
In this process, each party presents a final offer for the arbitrator to choose, and the arbitrator must choose one offer or the other, with no room for compromise.
Final-offer arbitration is a type of binding arbitration that is typically used in labor disputes, collective bargaining agreements, and other situations where there is a deadlock between the parties. It is also commonly used in situations where the parties have already tried to negotiate a settlement but have been unable to reach an agreement.
In final-offer arbitration, each party submits a final offer to the arbitrator, and the arbitrator is required to choose one of the offers as the final settlement. This type of arbitration is seen as a fair way to resolve disputes because it encourages the parties to make reasonable offers that take into account the other party's interests and needs.
Thus, final-offer arbitration is a useful method for resolving disputes when the parties are unable to reach a settlement through negotiation. It provides a fair and impartial decision, and encourages both parties to make reasonable offers that can lead to a quicker resolution of the dispute.
Learn more about Final-offer arbitration here:
https://brainly.com/question/25410849
#SPJ11
EPPE6024 b. Supposed the three equation of the double lag model is given as follows: I (Philips curve) л₁=¹о +α(y₁ - y₂) Y1-Ye=-a(ro-rs) (IS) T π₂-π² == - (y1 - Ye) αβ (MR) Using a mathematical model in a double lagged model, derive Taylor's rule equation. [6 marks] Using a PC-MR diagram, explain how the unemployment caused by disinflation is independent of the degree of inflation aversion (B) of the central bank. How does this finding change if the Philips curves are steeper (a > 1)? [8 marks] i. ii.
Taylor's rule equation derived from the double lagged model is:
i = π + r* + β(y - y^e)
To derive Taylor's rule equation from the double lagged model, we need to substitute the given equations into each other and solve for the interest rate (i). Let's go through the steps:
From the Phillips curve (inflation equation):
λ₁ = ¹₀ + α(y₁ - y₂)
From the IS curve (output equation):
Y₁ - Yₑ = -a(ro - rs)
From the monetary policy reaction function (interest rate equation):
π₂ - π² = - (y₁ - Yₑ) + αβ
We can substitute Y₁ - Yₑ in the monetary policy reaction function using the IS curve equation:
π₂ - π² = - (-a(ro - rs)) + αβ
π₂ - π² = a(ro - rs) + αβ
Now, substitute λ₁ into the monetary policy reaction function using the Phillips curve equation:
π₂ - π² = a(ro - rs) + αβ + α(y₁ - y₂)
π₂ - π² = a(ro - rs) + αβ + αy₁ - αy₂
Rearranging the terms, we get:
π₂ - π² + αy₁ = a(ro - rs) + αβ - αy₂
Finally, we can express the equation in terms of the interest rate (i):
i = π + r* + β(y - y^e)
The derived Taylor's rule equation from the double lagged model is:
i = π + r* + β(y - y^e)
In the PC-MR (Phillips curve-Monetary reaction) diagram, the vertical axis represents inflation (π), and the horizontal axis represents the output gap (y - y^e). The slope of the Phillips curve (a) measures the responsiveness of inflation to changes in the output gap.
When there is disinflation, the central bank aims to reduce inflation by decreasing the output gap. This leads to a movement along the Phillips curve to a lower level of inflation (π₂).
Impact of Steeper Phillips Curves (a > 1):
If the Phillips curves are steeper (a > 1), it implies a stronger relationship between inflation and the output gap. In this case, disinflation requires a larger decrease in the output gap to achieve a given reduction in inflation.
Therefore, when the Phillips curves are steeper (a > 1), the degree of inflation aversion (B) becomes more relevant in determining the level of unemployment resulting from disinflation.
To know more about Taylor's rule, visit;
https://brainly.com/question/19920758
#SPJ11
Most of the central banks around the world (roughly 90 out of 110 monitored by Bloomberg data folks) are currently raising interest rates and slowing down money supply growth. This process, while similar in direction across the central banks involves differences in the speed at which interest rates are being raised in different economies. As the result of this differences, exchange rates worldwide have shifted, with the US dollar gaining strength against Franc (CHF). USD has gained against both the Euro and the CHF over the last 12 months. But CHF also gained against the Euro at the same time. In other words, the Euro weakened against both the SUD and the CHF. In your opinion, what difference in the monetary policies between the Swiss National Bank (SNB), the Fed and the ECB can explain then differences in the real economies of Switzerland, vs the Euro area and the US can help explain it?
Answer:
The differences in monetary policies between the Swiss National Bank (SNB), the Federal Reserve (Fed), and the European Central Bank (ECB) can help explain the differences in the real economies of Switzerland, the Euro area, and the US, which in turn impact the exchange rates.
Explanation:
The SNB, being the central bank of Switzerland, implements policies tailored to the specific needs and goals of the Swiss economy. The SNB has traditionally pursued a policy of low inflation and maintaining price stability. Due to Switzerland's unique position as a safe-haven country and its strong financial sector, the SNB focuses on managing currency fluctuations to support export-oriented industries and maintain a competitive economy. This approach influences the value of the Swiss Franc (CHF) relative to other currencies.
On the other hand, the Fed, as the central bank of the United States, focuses on the stability of the US economy and employment. Its monetary policies aim to manage inflation and ensure economic growth. The Fed's decision-making is influenced by domestic economic indicators, such as employment data, GDP growth, and inflation rates. As the US economy has been strengthening, with rising interest rates and tightening monetary policy, the US dollar (USD) has gained strength against various currencies, including the CHF and the Euro.
Therefore, the differences in the monetary policies of the SNB, the Fed, and the ECB reflect the unique economic conditions, goals, and priorities of Switzerland, the US, and the Euro area, respectively. These differences contribute to the variations in exchange rates and the relative strength or weakness of currencies like the USD, CHF, and Euro.
Learn more about monetary policies here: brainly.com/question/32175013
#SPJ11
The differences in monetary policies between the Swiss National Bank (SNB), the Federal Reserve (Fed), and the European Central Bank (ECB) can help explain the differences in the real economies of Switzerland, the Euro area, and the US, which in turn impact the exchange rates.
The SNB, being the central bank of Switzerland, implements policies tailored to the specific needs and goals of the Swiss economy. The SNB has traditionally pursued a policy of low inflation and maintaining price stability. Due to Switzerland's unique position as a safe-haven country and its strong financial sector, the SNB focuses on managing currency fluctuations to support export-oriented industries and maintain a competitive economy. This approach influences the value of the Swiss Franc (CHF) relative to other currencies.
On the other hand, the Fed, as the central bank of the United States, focuses on the stability of the US economy and employment. Its monetary policies aim to manage inflation and ensure economic growth. The Fed's decision-making is influenced by domestic economic indicators, such as employment data, GDP growth, and inflation rates. As the US economy has been strengthening, with rising interest rates and tightening monetary policy, the US dollar (USD) has gained strength against various currencies, including the CHF and the Euro.
Therefore, the differences in the monetary policies of the SNB, the Fed, and the ECB reflect the unique economic conditions, goals, and priorities of Switzerland, the US, and the Euro area, respectively. These differences contribute to the variations in exchange rates and the relative strength or weakness of currencies like the USD, CHF, and Euro.
Learn more about monetary policies here: brainly.com/question/32175013
#SPJ11
Money is deposited in a bank account. For the first 4 years the account earns a nominal annual rate of 8% converted monthly. For the next 6 years the balance accumulates at a force of interest of 6%. For this 10 year period, what is the equivalent nominal annual discount rate, convertible quarterly?
The equivalent nominal annual discount rate, convertible quarterly, for the 10-year period is 6.08%.
The first four years of the investment earn interest at a nominal annual rate of 8%, converted monthly. This means that the interest is compounded 12 times per year.
The next six years of the investment earn interest at a force of interest of 6%. A force of interest is a continuously compounded interest rate.
To calculate the equivalent nominal annual discount rate, we use the following formula:
effective annual interest rate = (1 + nominal interest rate)^n - 1
Use code with caution. Learn more
where n is the number of times per year that the interest is compounded.
In this case, the effective annual interest rate is equal to
[tex](1 + 0.08/12)^{12} - 1[/tex] = 0.0608 = 6.08%.
Therefore, the equivalent nominal annual discount rate, convertible quarterly, for the 10-year period is 6.08%.
To learn more about investment here brainly.com/question/20397905
#SPJ11
The equivalent nominal annual discount rate, convertible quarterly, for the 10-year period is 6.08%.
The first four years of the investment earn interest at a nominal annual rate of 8%, converted monthly. This means that the interest is compounded 12 times per year.
The next six years of the investment earn interest at a force of interest of 6%. A force of interest is a continuously compounded interest rate.
To calculate the equivalent nominal annual discount rate, we use the following formula:
effective annual interest rate = (1 + nominal interest rate)^n - 1
where n is the number of times per year that the interest is compounded.
In this case, the effective annual interest rate is equal to
= 0.0608 = 6.08%.
Therefore, the equivalent nominal annual discount rate, convertible quarterly, for the 10-year period is 6.08%.
To learn more about investment here brainly.com/question/20397905
#SPJ11
if revenues are $246,000, expenses are $204,000 and dividends are $26,000, before it is closed, the Income Summary will have a:
Top of Form
Multiple Choice
Credit balance of $42,000.
Debit balance of $42,000.
Debit balance of $16,000.
Credit balance of $16,000.
The Income summary account has a Credit balance of $42,000, so the correct option is a credit balance of $42,000, Given:Revenues = $246,000,Expenses = $204,000,Dividends = $26,000. Let's calculate the Net Income:Net Income = Revenues - Expenses.
Net Income = $246,000 - $204,000
Net Income = $42,000
Let's record the closing entries by transferring the net income and dividends to Retained EarningsAccountDebitCreditIncome Summary$42,000
Retained Earnings$42,000
Retained Earnings$26,000
Dividends$26,000
From the above journal entry, the Income summary account has a Credit balance of $42,000, so the correct option is a credit balance of $42,000, that is, the correct option is "Credit balance of $42,000".
To know more about Journal entry visit-
brainly.com/question/30499005
#SPJ11
1.Activity-based costing methods use four steps in computing a product's cost. What are these steps? 2.What is the difference between activity-based costing and activity-based management? 3..Think about a time you went to a bank. What activities were being performed? Give examples of some cost drivers that cause the cost of those activities. (For example, opening checking accounts is an activity; the number of accounts opened could be a cost driver for the opening accounts activity.)
The four steps in computing a product's cost using activity-based costing are: identifying the activities that consume resources, determining the cost of each activity, establishing a cost driver for each activity, and assigning costs to products based on their use of the activities.
Activity-based costing is used to calculate the cost of producing a product, while activity-based management focuses on managing and improving the activities themselves to reduce costs and increase efficiency.
At a bank, activities being performed could include opening accounts, processing transactions, and providing customer service. Cost drivers for these activities could include the number of accounts opened, the number of transactions processed, and the amount of time spent with each customer.
The four steps in computing a product's cost using activity-based costing methods are:
a) Identify the activities involved in producing the product.
b) Assign costs to each activity based on its use of resources.
c) Calculate the cost driver rate for each activity by dividing the total cost of the activity by the total number of cost drivers.
d) Allocate the costs of each activity to the products that use it, based on their usage of the cost driver.
Activity-based costing (ABC) helps companies understand the true cost of their products or services by analyzing all the activities involved in creating them. Activity-based management (ABM), on the other hand, is a management approach that uses the insights gained from ABC to improve business processes and optimize resource utilization. ABM seeks to reduce waste and increase efficiency by identifying non-value-added activities and eliminating them or reducing their costs.
When you visit a bank, there are many activities being performed, such as opening accounts, processing deposits and withdrawals, loan processing, customer service, and more. These activities have various cost drivers that can impact their costs, including:
Number of customers served: Each time a customer interacts with the bank, it triggers a series of activities that require time and resources. The more customers a bank serves, the more staff and resources it will need to handle those interactions.
Volume of transactions: The frequency and complexity of transactions also impacts the cost of banking activities. For example, a bank that handles many large transactions may require more specialized staff and equipment than one that primarily handles smaller transactions.
Complexity of products and services: Banks offer a variety of products and services, each with different levels of complexity. More complex products and services may require additional resources to manage, increasing their cost.
Turnaround time: Customers expect fast service when they visit a bank, which can drive up costs if the bank needs to hire additional staff or invest in technology to meet those expectations.
Learn more about product here:
https://brainly.com/question/31815585
#SPJ11
Sandia Corporation manufactures metal toolboxes. It adds all materials at the beginning of the manufacturing process. The company has provided the following information:
Units Costs
Beginning work in process (27% complete) 36,000 Direct materials $48,000
Conversion cost 105,000
Total cost of beginning work in process $153,000
Number of units started 74,000 Number of units completed and transferred to finished goods ? Ending work in process (52% complete) 89,000 Current period costs Direct materials $91,000
Conversion cost 161,000
Total current period costs $252,000
1 & 2. Using the weighted-average method of process costing, prepare each of the following steps:
a. Reconcile the number of physical units worked on during the period.
b. Calculate the number of equivalent units.
c. Calculate the cost per equivalent unit.
d. Reconcile the total cost of work in process.
Reconcile the number of physical units worked on during the period: 163,000 units (74,000 started + 89,000 ending work in process).
Calculate the number of equivalent units: Direct materials - 123,720 units (36,000 × 27% + 89,000 × 52%), Conversion cost - 133,780 units (36,000 × 73% + 89,000 × 48%).c. Calculate the cost per equivalent unit: Direct materials - $0.39 ($48,000 ÷ 123,720), Conversion cost - $0.79 ($105,000 ÷ 133,780).d. Reconcile the total cost of work in process: $155,992 (123,720 × $0.39 + 133,780 × $0.79).a. The number of physical units worked on during the period is calculated by adding the units started to the ending work in process.b. Equivalent units are calculated by considering the percentage of completion for both direct materials and conversion cost for the beginning work in process and ending work in process.c. The cost per equivalent unit is calculated by dividing the total cost of each component (direct materials and conversion cost) by the respective equivalent units.d. The total cost of work in process is reconciled by multiplying the cost per equivalent unit by the equivalent units for each component and summing them up.
Learn more about equivalent here:
https://brainly.com/question/25197597
#SPJ11
Blue Square Company is considering two projects: Project A Project B $400,000 $250,000 Initial investment Life of project Net present value 8 years 5 years $2,830.50 $15,110.00 Blue Square requires a minimum rate of return of 9%. Evaluate both projects and determine the annual cash flows of each. O Cash flow of Project A is $75,000; Project B is $54,000. O Cash flow of Project A is $75,000; Project B is $65,000. O Cash flow of Project A is $82,000; Project B is $54,000. O Cash flow of Project A is $82,000; Project B is $65,000.
The cash flow of Project A is $82,000, and the cash flow of Project B is $54,000.
To evaluate the annual cash flows of each project, we need to consider the net present value (NPV) and the initial investment of each project. Project A has an NPV of $2,830.50, and Project B has an NPV of $15,110.00. Blue Square Company requires a minimum rate of return of 9%. Based on these figures, we can calculate the annual cash flows.
For Project A, the initial investment is $400,000, and the NPV is positive. To determine the annual cash flow, we divide the NPV by the present value annuity factor for 8 years at a 9% rate of return. The calculation results in an annual cash flow of approximately $82,000.
For Project B, the initial investment is $250,000, and the NPV is also positive. Similar to Project A, we divide the NPV by the present value annuity factor for 5 years at a 9% rate of return. The calculation yields an annual cash flow of approximately $54,000.
Therefore, the cash flow of Project A is $82,000, and the cash flow of Project B is $54,000.
To learn more about initial investment; -brainly.com/question/31635721
#SPJ11
question 8 scenario 2 continued consider and respond to the following question. select all that apply. our analysts often work with the same spreadsheet, but for different purposes. how would you use sorting to help in this situation? 1 point sort data to show only the data that meets a specific criteria while hiding the rest sort data to make it easier to understand, analyze and visualize sort the data to arrange data in a meaningful order sort data to highlight the header row.
When working with the same spreadsheet for different purposes, sorting can be used in different ways to make the data more accessible and easy to work with. Firstly, sorting can be used to arrange data in a meaningful order, for example, in alphabetical order or in numerical order from the smallest value to the largest value.
This will make it easier for analysts to find the specific information they need when working with the spreadsheet. Sorting can also be used to make it easier to understand, analyze, and visualize the data. By sorting data in a certain way, it can highlight patterns and trends that may not have been evident otherwise.
Additionally, sorting can be used to show only the data that meets specific criteria while hiding the rest, making it easier to focus on the relevant information. Therefore, sorting is a useful tool that can be utilized in many different ways to make working with spreadsheets more efficient and effective.
To know more about spreadsheet visit :-
https://brainly.com/question/10509036
#SPJ11
Answers should be in complete sentences. Thoroughly explain your answer
Charlie is a big New York Giants fan. He gets a call from his friend, Jimmy, who tells him he can get three tickets to the next home game. Each ticket costs $250. Charlie says, "Yes! I will definitely go with you! I can’t wait to see the game!" Charlie calls his friend, Sebby, and tells him about the tickets and asks if he wants to go. Sebby says, "Are you kidding? $250?! I can watch it on TV for free. Forget it!"
What does this scenario illustrate about the economic concept of utility? How do Charlie and Sebby see the utility of going to the game differently?
2.What does the "price elasticity of demand" measure? What does a price elasticity coefficient of 1.2 mean? Does the product have an elastic, unitary elastic or inelastic demand?
1. The scenario depicts that Charlie and Sebby have a different understanding of the utility of going to the game. The economic concept of utility emphasizes the satisfaction derived from the use of a good or service. Here, Charlie is willing to pay $250 for the ticket to see his favorite team play.
The scenario of Charlie and Sebby attending the New York Giants game illustrates the concept of utility in economics. It emphasizes that utility is subjective and differs from person to person, and it is determined by the satisfaction derived from the use of goods and services. Charlie and Sebby's perception of utility on the ticket cost of $250 shows the difference in their preferences based on their willingness to pay.
Moreover, the scenario indicates that the value of a good or service depends on the utility that a person derives from it. In this case, Charlie is willing to pay $250 for the ticket, indicating that the utility of the game is high for him, while Sebby does not see the value of spending that much on a ticket since he can watch it for free at home. It is important to note that individuals will make a decision based on the total utility gained or the benefit of an action compared to its cost.
2. The "price elasticity of demand" measures the responsiveness of the demand for a product or service to a change in its price. A price elasticity coefficient of 1.2 means that the demand for a product is elastic. This means that when there is a small change in the price of the product, there will be a relatively larger change in the quantity demanded. In other words, the quantity demanded is highly sensitive to price changes. When the price increases, the quantity demanded decreases, and when the price decreases, the quantity demanded increases.
In conclusion, the scenario demonstrates that the economic concept of utility is subjective and varies from person to person. People will pay for goods or services based on the satisfaction derived from them. The value of a good or service is influenced by the perceived utility or satisfaction derived by a person. The product has an elastic demand since the coefficient of elasticity is greater than one. The reason for this is that there are many substitutes available in the market that can be used instead of the product. Consumers can quickly switch to other products if there is a small change in the price of the product. Hence, the product has an elastic demand, and its sales revenue will decrease when the price increases.
To know more about utility visit:
brainly.com/question/30369069
#SPJ11
MAR Company is owned by Marilao, Ambuklao, and Rigodon. They have capital balances of P47,500; P37,500 and P60,000, respectively. They share profit and loss on a 6:3:2 basis. Ambuklao withdraws from the partnership under the following independent situations:
1. The partnership paid Ambuklao P37,500
2. The partnership paid Ambuklao P42,500 recognizing bonus to him.
3. The partnership paid Ambuklao P34,000 recognizing bonus to the remaining partners.
Record the withdrawal of Ambuklao on the basis of the above information
The withdrawal of Ambuklao from MAR Company will have different accounting treatments depending on the terms and conditions agreed upon by all partners.
In the first situation, where the partnership paid Ambuklao P37,500, it can be assumed that this amount represents his share in the capital account. Therefore, the entry to record Ambuklao's withdrawal would be a debit to Ambuklao's capital account for P37,500 and a credit to cash for the same amount.
In the second situation, where the partnership paid Ambuklao P42,500 recognizing bonus to him, it signifies that the remaining partners have agreed to give Ambuklao more than his actual share in the partnership's profit and loss. To record this transaction, the entry would be a debit to Ambuklao's capital account for his share in the profit and loss (6/11 x 42,500 = P23,182) plus the bonus (2/11 x 42,500 = P7,727) or a total of P30,909 and a credit to cash for P42,500.
In the third situation, where the partnership paid Ambuklao P34,000 recognizing bonus to the remaining partners, it means that the remaining partners have received more than their actual shares in the profit and loss. The entry to record this transaction would be a debit to cash for P34,000, a credit to Ambuklao's capital account for his share in the profit and loss (6/11 x 34,000 = P18,545) and a credit to the remaining partners' accounts for their share in the bonus (3/11 x 34,000 = P9,273 each).
In all situations, the remaining partners' capital balances will increase proportionately, and the profit and loss sharing ratios will be adjusted accordingly. It is important to note that the specific terms and conditions of the partnership agreement may also impact the accounting treatment of Ambuklao's withdrawal.
learn more about withdrawal here
https://brainly.com/question/33361553\
#SPJ11
The purchase and sale of investments not held for trading purposes is \( a(n) \) financing activities. operating activities. non-cash activities. investing activities.
The purchase and sale of investments not held for trading purposes is classified as investing activities.Therefore, the purchase and sale of investments not held for trading purposes is classified as investing activities as it involves the acquisition and disposal of long-term assets and investments with the intention of generating future income and growth.
In financial accounting, cash flows are categorized into three main activities: operating activities, investing activities, and financing activities. These categories help provide a clearer picture of a company's sources and uses of cash.
Investing activities involve the purchase and sale of long-term assets and investments. This includes investments in stocks, bonds, real estate, and other assets that are not intended for trading purposes. When a company buys or sells investments that are held for long-term strategic purposes, such as acquiring ownership in another company or investing in long-term projects, it is classified as an investing activity.
The purpose of investing activities is to allocate capital to generate future income and growth. By investing in long-term assets, companies aim to increase their productive capacity, expand operations, or generate returns from their investment portfolio. The cash flows associated with investing activities typically involve significant amounts and have a longer-term impact on a company's financial position.
On the other hand, financing activities involve transactions related to raising and repaying capital. This includes obtaining loans, issuing or repurchasing company stock, and paying dividends. Operating activities refer to the day-to-day business operations, such as sales, purchases, and expenses, which generate revenue and incur costs.
To learn more about future income : brainly.com/question/32340910
#SPJ11
March 2021 Required: (b) 5 10 14 18 22 27 Transactions Credit sales to Starex Enterprise amounting to RM50,000. Jamil, a debtor, sent a cheque for RM2,380 in part settlement of a debt of RM3,490. Tuah Azman wrote the balance off as a bad debt. Tuah Azman took goods amounting to RM1,790 and withdrew cash, RM875, for personal usage. Paid fire insurance premium amounting to RM1,000 by online banking. The business imported a machine from Excel Pte Ltd. The details of expenditure related to this machine were as follow. All payments in Ringgit Malaysia were made by direct telegraphic transfer. Price of machinery General administrative costs Insurance on shipment Import duties and taxes Delivery costs Installation charges Testing of machine for samples 40,000 1,000 5,000 2,000 2,000 4,000 3,000 Received payment from Starex Enterprise for RM35,000 by cheque. Prepare the journal entries for all the above transactions with narrations. (10 marks) Required: (a) March 2021 (b) 5 10 14 18 22 27 Transactions Credit sales to Starex Enterprise amounting to RM50,000. Jamil, a debtor, sent a cheque for RM2,380 in part settlement of a debt of RM3,490. Tuah Azman wrote the balance off as a bad debt. Tuah Azman took goods amounting to RM1,790 and withdrew cash, RM875, for personal usage. Paid fire insurance premium amounting to RM1,000 by online banking. The business imported a machine from Excel Pte Ltd. The details of expenditure related to this machine were as follow. All payments in Ringgit Malaysia were made by direct telegraphic transfer. Price of machinery General administrative costs Insurance on shipment Import duties and taxes Delivery costs Installation charges Testing of machine for samples 40,000 1,000 5,000 2,000 2,000 4,000 3,000 Received payment from Starex Enterprise for RM35,000 by cheque. Calculate the capital of Tuah Azman business as at 28th February 2021. Prepare the journal entries for all the above transactions with narrations. (2 marks) (10 marks)
The journal entries for the given transactions in March 2021 include credit sales, debt settlement, bad debt write-off, personal use of goods, insurance payment, machine acquisition, and payment receipt.
These entries accurately record the financial transactions, reflecting their impact on relevant accounts.
The journal entries for the given transactions are as follows:
March 5:
Accounts Receivable (Starex Enterprise) 50,000
Sales Revenue 50,000 (Credit sales to Starex Enterprise)
March 10:
Cash (Jamil) 2,380
Accounts Receivable (Jamil) 2,380 (Partial settlement of debt)
March 14:
Bad Debts Expense 1,110
Allowance for Doubtful Debts 1,110 (Writing off the balance as a bad debt)
March 18:
Drawings (Tuah Azman) 1,790
Inventory 1,790 (Taking goods for personal usage)
March 22:
Drawings (Tuah Azman) 875
Cash 875 (Withdrawing cash for personal usage)
March 27:
Prepaid Insurance 1,000
Cash 1,000 (Payment for fire insurance premium)
Machine Acquisition:
Machinery 40,000
General Administrative Costs 1,000
Insurance on Shipment 5,000
Import Duties and Taxes 2,000
Delivery Costs 2,000
Installation Charges 4,000
Testing of Machine for Samples 3,000
Accounts Payable (Excel Pte Ltd) 57,000 (Acquisition of machine)
March 27:
Cash (Starex Enterprise) 35,000
Accounts Receivable (Starex Enterprise) 35,000 (Received payment from Starex Enterprise)
The above journal entries reflect the transactions that occurred in March 2021. Each entry includes the accounts affected, the respective amounts, and a narration explaining the nature of the transaction.
In summary, the journal entries recorded the credit sales, partial settlement of debt, write-off of a bad debt, goods taken for personal use, payment of fire insurance premium, acquisition of a machine, and receipt of payment from Starex Enterprise. These entries ensure accurate recording of the financial transactions in the accounting system, reflecting the impact on various accounts.
To learn more about journal entries click here: brainly.com/question/29314309
#SPJ11
Which of the following involves making lower distribution costs of information goods/products work for your company?
a. Maximising protection of your intellectual property
b. Conducting stable purchases
c. Setting up loyalty programs
d. Giving a way your content
d. Giving away your content
Giving away your content can help lower distribution costs of information goods/products for your company.
By providing free access to certain content or products, you can attract a larger audience and potentially generate revenue through other means such as advertising, premium upgrades, or additional services. This approach leverages the scalability and low marginal costs associated with digital information goods, where the cost of distributing additional units is minimal. By reaching a wider audience through free distribution, you can benefit from economies of scale and potentially offset the distribution costs through alternative revenue streams.
Learn more about marginal costs here:
https://brainly.com/question/32126253
#SPJ11
Of the followings which one is the most compelling argument for trade with other countries.
a. absolute advantage
b. cheap labor
c. comparative advantage
d. abundance of economic resources
The most compelling argument for trade with other countries is comparative advantage.
Comparative advantage refers to a situation where a country can produce a particular good or service at a lower opportunity cost compared to other countries. In other words, it is about specializing in producing goods or services where a country has a relatively lower cost of production compared to others.
By focusing on producing and exporting goods or services where they have a comparative advantage, countries can maximize their overall economic efficiency and benefit from trade. This allows countries to allocate their resources more effectively, take advantage of specialization, and gain access to a wider variety of goods and services at lower prices.
Know more about comparative advantage here;
https://brainly.com/question/7780461
#SPJ11
Suppose the most you would be willing to pay for a 55 inch TV s $900 If you buy one for $400, then your economic surplus Multiple Choce O $400 5inch TV 50 $500
The economic surplus in this scenario is $500. The explanation is that economic surplus represents the difference between the maximum price a consumer is willing to pay and the actual price paid.
In this case, the consumer's maximum willingness to pay for a 55-inch TV is $900. However, they were able to purchase it for $400, resulting in a surplus of $500. This surplus signifies the additional value or satisfaction gained by the consumer from acquiring the TV at a price lower than their maximum willingness to pay. It reflects the consumer's economic benefit or gain in the transaction.
The economic surplus is an important concept in economics as it measures consumer surplus, which represents the difference between what a consumer is willing to pay and what they actually pay. In this case, the consumer's willingness to pay $900 indicates the value they place on the TV. By paying only $400, they enjoy a surplus of $500, indicating a significant economic gain. This surplus represents the net benefit received by the consumer and highlights the advantage of finding a good deal or purchasing a product at a price lower than its perceived value.
LEARN MORE ABOUT economic surplus here: brainly.com/question/14829124
#SPJ11
