A smooth “unqualified” opinion is the most frequent (and desirable). Here, the auditor states that the company's financial condition, function and operations are fairly introduced in the economic statements.
What kind of audit opinion do you assume is the most common?An unqualified opinion is issued if the economic statements are presumed to be free from cloth misstatements. It is the most common kind of auditor's opinion.
What are the four sorts of audit opinions?Tip. There are 4 kinds of audit reports: and unqualified opinion, a qualified opinion, and damaging opinion, and a disclaimer of opinion. An unqualified or "clean" opinion is the satisfactory type of file a enterprise can get.
which of the following statements regarding an audit and a standard auditor's opinion is most accurate?
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https://brainly.com/question/26048609#SPJ4The claims relating to an audit and a typical auditor's opinion are most correct. The price adjustments brought on by inflation are not included in the first one.
What is inflation?A broad increase in the costs of goods and services throughout an economy is referred to as inflation. Each unit of currency may purchase fewer products and services when the general price level rises; hence, inflation is associated with a decline in the purchasing power of money.
Who gains from inflation?Investors in commodities and the stock market. Investors can profit from inflation despite slow economic development provided they have the right stocks as well as commodities in their portfolios. Equity investors: Investing in equities is considerably preferable to retaining cash during periods of rising inflation.
What occurs if inflation gets out of control?The main cost of inflation is the erosion of real income, which occurs when prices rise unevenly and causes some customers' purchasing power to decline. For both those who receive and pay fixed interest rates, inflation can over time affect their ability to make purchases.
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blimps are a form of multiple choice transit advertising. mobile billboards. aerial advertising. digital out-of-home media.
Blimps are a form of aerial advertising. It is one of the most recognizable forms of aerial advertising. The slow-moving and large aircrafts offer substantial aerial advertising space.
A blimp is an airship without an internal structural framework or a keel. Manufacturers in many countries have built blimps in many designs.
Blimps are one of the most well-known forms of aerial advertising. These are inflatable low-flying airships, to advertise a logo over a large crowd of people. These are very eye-catching and often appeal to marketers due to the higher rate of recall compared to other forms of advertising.
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mitchell co. has $2.3 million of debt, $3 million of preferred stock, and $1.2 million of common equity. what would be its weight on debt? 0.41 0.35 0.37 0.51
The combination of Debt & Equity refer to Capital Employed which is $6.5 million (2.3+1.2+3) during the period. The weight of debt in CE is 0.35. Option B is correct.
What is the meaning of Debt and Equity?Debt : It is long term capital source to finance a project undertaken by the company or it is source of fund in the capital structure of an company taken from Bank / financial institution outsider or lenders in view to make investments for the development of the company.
whereas
Equity: Equity refers to a financial instrument or fund raised from the shareholders of the company to meet out the capital expenditure of an organization. It includes preferred stock with special rights and common equity raised from equity shareholders.
The capital structure where all sources of fund maintain is a combination of Debt & Equity.
Thus weight of Debt is 0.35 { Debt / (Debt + Preferred stock + common stock)}
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management wants aggressive selling in a job that involves virtually no missionary activities. the company is not financially strong, so management wants the compensation costs related directly to sales revenue. this firm should use a plan for paying its sales force
To enable the company to implement a strategy for paying when it is not financially solid, management wants the compensation expenditures to be directly associated with sales revenue.
What do you mean by sales?Two or more parties agree to trade goods or services for money or other resources during a sale. In the financial markets, a sale is defined as an agreement between a buyer and a seller on the price of a security and its delivery for a certain amount.
What does "sales" mean in a commercial context?A sale is an arrangement between a buyer and a seller in which the seller receives payment in exchange for the sale of goods, assets, or services, whether they are tangible or intangible. Usually, there are two or more parties.
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what supports back-office operations and strategic analysis and includes all systems that do not deal directly with the customers?
The analytical CRM is a tool that helps and supports in the operation related to the back-office and strategic analysis, and furthermore includes the systems that do not have a direct relation to the customers of an organization.
Analytical CRM can be referred to or considered as a tool that has been created as a form of computer software. It is utilized for leading to a creation of analytical tools related to how the customers of an organizations have experienced in their interactions with the products or purchases. It is helpful in the process of customer analysis.
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Cinebravos, a television manufacturer in Ashtemston, observes that its customers have stopped purchasing its CRT television sets and that they have begun purchasing its LED and LCD television sets. It hence stops manufacturing CRT television sets entirely. In the context of innovation streams, which of the following concepts does this scenario best illustrate? Technological substitution Joy Technological lockout Technological singularity Technological determinism
The given scenario is best illustrated by the idea of (A) technological substitution.
What is Technological substitution?
The simplest definition of technological substitution is the replacement of an older, well-established technology with a newer technology, whether it comes from the same technology family or has a new application.
For instance, a culture might have embraced the internet more quickly than the automobile because of affordability, accessibility, and comfort with technological change.
For instance, Ashtemston-based television manufacturer Cinebravos has noticed a shift in customer behavior away from CRT television purchases and toward LED and LCD television purchases.
As a result, it completely discontinues making CRT televisions.
The best example of technological substitution is this circumstance.
Therefore, the given scenario is best illustrated by the idea of (A) technological substitution.
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Correct question:
Cinebravos, a television manufacturer in Ashtemston, observes that its customers have stopped purchasing its CRT television sets and that they have begun purchasing its LED and LCD television sets. It hence stops manufacturing CRT television sets entirely. In the context of innovation streams, which of the following concepts does this scenario best illustrate?
a. Technological substitution
b. Technological lockout
c. Technological singularity
d. Technological determinism
A machine costing $180,000 was purchased may 1. The machine should be obsolete after four years and, therefore, no longer useful to the company. The estimated salvage value is $15,000. Calculate the depreciation expense for each year of its expected useful life using each of the following depreciation methods: (a) straight-line, (b) double-declining balance. For double-declining balance, do not round until your final answer. Round your final answers to the nearest dollar.
From the given information, Straight line depreciation expense for Year 1 is $27,500 and Year 2, 3 ,4 = $41,250. Double declining method for Year 1: $60,000, Year 2: $60,000, Year 3: $30,000, Year 4: $15,000
1. Straight line depreciation expense = (Cost of asset - Salvage value) /
useful life
= ( $180,000 - $15,000) / 4 = $41,250
Depreciation expense every year would be 41250 expect in year 1 when the machine was used for only 8 months.
To determine the deprecation expense in the 1st year, determine the monthly deprecation expense.
41250 / 12 = 3,437.50
Depreciation for 1st year = 3,437.50 x 8 = $27,500
Depreciation expense using the double declining method = Depreciation factor × cost of the asset
Depreciation factor = 2 × (1/useful life)
2 / 4 = 0.5
Depreciation expense in year one = 0.5 × $180,000 = $90,000
2. The same procedure for determining depreciation expense in year 1 under straight line depreciation would also be used here.
90,000 / 12 = $7,500
$7,500 × 8 = $60,000
Book value at the beginning of year 2 = $180,000 - $60,000 = $120,000
Depreciation expense in year 2 = 0.5 × $120,000 = $60,000
Book value at the beginning of year 3 = $120,000 - $60,000 = $60,000
Depreciation expense in year 3 = 0.5 x $60,000 = $30,000
Book value at the beginning of year 4 =$60,000 - $30,000 = $30,000
Depreciation expense in year 4 = 0.5 x $30,000 = $15,000
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Suppose that using the centroid method you found the best location for a communications tower. The location happens to be in the middle of a pond. Then, you should locate the tower.
Using centroid method, You should locate the tower after considering qualitative factors like geography, roads and utilities to help find the exact location.
What is centroid method?Employing the centroid approach, businesses can locate locations used for manufacturing and other production-related activities. The ultimate goal of this strategy is to use mathematical formulations to decrease profit-related shipping costs, shipment times, or both. You must first decide which existing facilities will be mapped against the new one in order to properly use the centroid approach. Map the coordinates of these facilities on a two-dimensional grid, such as graph paper, or with a similar software mapping system.
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What are the 3 functional areas of incident command?.
The three functional areas of incident command are Logistics, Planning, and Administration/Finance.
Incident commands and operations are primarily supported by three internal (within ICS) sections. Logistics, planning, management and finance. However, for large or complex incidents, the Incident Command may require additional support from entities outside the responsibility/authority of ICS.
What are the functional areas of the operations management system?ICS has established five functional areas for managing major incidents. Command, Operations, Planning, Logistics, Finance/Management. Strictly follow the span of control recommendations to avoid unnecessarily large organizational structures.
What are the main functions of Operations Center?ICS provides guidelines for organizing resources to respond to incidents (system description) and processes for managing the response in a series of phases (operational concept).
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madrid company plans to issue 9% bonds with a par value of $5,600,000. the company sells $5,040,000 of the bonds at par on january 1. the remaining $560,000 sells at par on july 1. the bonds pay interest semiannually on june 30 and december 31. record the entry for the first interest payment on june 30. record the entry for the july 1 cash sale of bonds.
Madrid company plans to trouble nine% bonds with a par fee of $five,600,000. the company sells $5,040,000 of the bonds at par on January 1. Bonds Payable $560,000 (to report the issuance of bonds).
Date debts name Debit credit
30-Jun hobby cost ($5040000 x 9% x 6/12) $226,800
coins $226,800
(the first hobby paid)
01-Jul cash $560,000
Bonds Payable $560,000
(to record issuance of bonds)
Income is sports-related to selling or the number of goods sold in a given targeted time period. The delivery of a service for a fee is also considered a sale.
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The Victorinox Swiss Army Company is well known for their Swiss Army Knives. The company also makes and markets watches, travel gear, cutlery and even fragrances. This represents a ____ strategy.
a. co-branding b. brand dilution c. brand repositioning d. brand extension
The Victorinox Swiss Army Company is representing a brand extension strategy. So the correct answer is D.
It is when a company uses one of its established brand names on a new product or new product category. It's sometimes known as brand stretching. The strategy behind a brand extension is to use the company's already established brand equity to help it launch its newest product.
Why Victorinox is representing brand extension strategy?
Here, Victorinox already famous for making a swiss army knives. Using the brand well established popularity, the company wants to enter new market segment. As we can see from the question above, the company who specialize of making swiss army knives, is trying to make watches, travel gear, cutlery, even fragrances. From these new products, we can say that it's almost nothing to do with swiss army knives. Yet, using the company popularity brand, the company will able to sell these products and therefore it is categorized as a brand extension strategy that the victorinox uses.
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Who is the most senior it executive that managers the it department and is seen as the executive who can successfully lead the organization in its efforts to apply it to advance its strategies
During the primary of those phases, the initiation part, the project objective or want is identified; this could be a business drawback or chance.
Business skills are needed to grasp however IT is applied to business things and to make sure that the IT delivers real business worth. Analysts are continuous drawback solvers at each project and also the structure level, and they place their analytical skills to take a look at often.
A post-project review is a very important tool project managers will use at the top of a project. when organizing and implementing a project, managers will use the review to research the team's method to form suggestions for future comes. within the review, team members compare the planned results with the particular results.
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Based on our discussion of Gillette, which of the following actions (if adopted) would have been LEAST likely to increase product usage rates among existing customers?
O Use product design elements to remind customers of recommended product replacement timing
O Use product design elements to prompt higher usage quanities on each usage occassion
O Sell products in smaller quantities
O Reduce product prices
O Sell products in smaller quantities
O Introduce and advertise meaningful differentiation from prior versions of the product
Answer: Sell products in smaller quantities
The actions which would have been least likely to increase product usage rates of Gillette among existing customers is selling products in smaller quantities.
What strategies are followed to increase marketability or sales of a product?
Marketing strategies are actions taken up by the companies or organizations to boost the marketability and sales of their product among the consumers. In usual settings, the enterprises use 4Ps or 7Ps to increase sales of a product.
Initially, 4Ps ( Product, Price, Location and Promotion) were used, which later expanded to 7Ps after including People, Process and Physical evidence. These factors play a very crucial role in how much a product sells among the customers.
For example, in the initial stages, the sales of Colgate tooth paste were low. So the company came up with an idea to widen the mouth of tooth paste container to increase the amount of paste used per a single time. This change made in their product bought increase in the sales rate as people brought toothpastes more frequently as they would exhaust the product at faster rates than before.
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a real estate licensee must conduct a reasonably confident and diligent visual inspection of the property. this inspection duty includes:
a real estate licensee must conduct a reasonably confident and diligent visual inspection of the property. this inspection duty includes: A material fact is any fact that, if disclosed, could affect the decision of an entity in completing the transaction.
A licensee is merely a person who has the permission of the proprietor to be within the belongings, however, does not necessarily have the right to exclude others from the premises or the proper to assign or sublet the lodging. normal examples of licensees are Lodgers.
A salesperson's license permits you to perform real property corporation work for or on behalf of an agent. A salesperson needs to be supervised by using an agent or department manager whilst sporting out any real property business enterprise work. if you maintain a shop clerk's license you have to work for a certified agent.
An LIC is chargeable for the proper supervision of the enterprise of which they're in the fee. and must maintain a class 1 license within the category relevant to the enterprise. for instance, a LIC of a real property agent will need to keep a class 1 real estate agent's license.
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T/F because the market outcomes in a competitive oligopoly are between those of a monopoly and a perfectly competitive market, loss still exists, but it is than when there is collusion.
Because the market outcomes in a competitive oligopoly are between those of a monopoly and a perfectly competitive market deadweight loss still exists, but it is lower than when there is collusion.
When there is insufficient competition, two types of market structures arise monopolies and oligopolies. In contrast to an oligopoly, which occurs when a few relatively big enterprises manufacture comparable but slightly different items, a monopoly occurs when a single company provides commodities that have no direct competitors.
Because they control pricing, oligopolies have market power in the economy. As a result of price rises by the oligopolists, this has an impact on consumers. In ideal competition, however, numerous producers create comparable goods, allowing customers to select between producers.
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What types of interest groups are defined as economic interest groups ?.
Business, labour and professional organisations are interest groupa that are defined as economic interest group.
An economic interest group is a group with a legal personality that allows its members to pool certain aspects of their activities. This intermediate structure, between a company and a partnership, the objective of which can only be to extend the activity of its members, can be used for carrying out commercial, industrial, agricultural or craft activities or for liberal professions.
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marcus has a $150,000 7.5% mortgage. his monthly payment is $1,010.10. his first payment will reduce the principal to an outstanding balance of
If Marcus has a $150,000 7.5% mortgage. his monthly payment is $1,010.10. his first payment will reduce the principal to an outstanding balance of $149,927.40.
How to find the reduction in principal amount ?Interest rate for 1 month = (7.5/12)%
Interest rate for 1 month = 0.635%
Outstanding balance = Beginning outstanding balance + (Interest rate × Beginning outstanding balance)
Outstanding balance = 150000 + (0.625% × 150000)
Outstanding balance = 150000 + 937.5
Outstanding balance = $150937.5
Reduction in principal amount = Outstanding balance - First monthly payment
Reduction in principal amount = $150937.5 - 1010.10
Reduction in principal amount = $149,927.40
Therefore the reduction in principal amount is $149,927.40.
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Pauline decides to add a spendthrift clause to her life policy that has been in force for several years which of the following statements is correct?A) the spendthrift clause canonly be placed into effect by the beneficiary not the insuredB) the spendthrift clause Can only be used with the lump sum method of paymentC) the spend thrift clause cannot be added to a policy once it is in forceD) Pauline must arrange for the policy proceeds to be paid in some wayother than lump sum.
Pauline decides to add a spendthrift clause to her life policy that has been in force for several years B) the spendthrift clause Can only be used with the lump sum method of payment.
What Are Spendthrift Clauses?
The majority of trusts have a spendthrift clause, which forbids a trust beneficiary from spending a future distribution to get credit. A creditor cannot be paid if they give a beneficiary credit based on future dividends, according to the clause.
The spendthrift clause shields the proceeds of life insurance from creditors. Before the beneficiary is paid, the policy's benefits cannot be used by the beneficiary's creditors. In exchange for the premiums paid by the policyholder throughout their lifetime, a life insurance policy promises that the insurer will pay a certain amount to designated beneficiaries when the insured passes away.
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Prepare the issuer's journal entry for each of the following separate transactions a. On March 1, Atlantic Co. issues 48,500 shares of $3 par value common stock for $315,500 cash. b. On April 1, Antigo Company issues no-par value common stock for $82,000 cash. c. On April 6, MPG issues 3,200 shares of $25 par value common stock for $51,000 of inventory, $160,000 of machinery, and acceptance of a $101,000 note View transaction list Journal entry worksheet 3 Record the issuance of 48,500 shares of $3 par value common stock for $315,500 cash. Note: Enter debits before credits Transactio General Journal DebitCredit
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These should be debited because the corporation issues common shares for its equipment and inventories. In order to issue the common stock and make the note payable credit, the corporation also accepts notes payable. And more paid-in capital will be used to make up the difference.
What is debits before credits?1. On March 1, a debit of $318,500 was made against cash, and a credit of $198,000 was made against common stock (49,500 shares at $4 par value).
Since the firm issues 49,500 shares with a par value in excess of that, a credit will be made to the additional paid-in capital account. It can be computed as [$(318,500/49,500) - $4]*49,500 or as $(318,500 - 198,000)
The additional capital in both circumstances is $120,500.
2. April 1 Cash Debit Credit $84,000 $84,000 in Common Stock
As the company issues the same number of shares with no par value, there won't be any more capital required.
3. $53,000 in April 6 Debit Inventory
Machinery $150 000 in debt
Credit $103,000 in Notes Due (3,400 times $20) Common Stock Credit $68,000 Additional paid-in capital of $32,000
These should be debited because the corporation issues common shares for its equipment and inventories. In order to issue the common stock and make the note payable credit, the corporation also accepts notes payable. And more paid-in capital will be used to make up the difference.
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Required information The following information applies to the questions displayed below.) Iguana, Inc., manufactures bamboo picture frames that sell for $25 each. Each frame requires 4 linear feet of bamboo. which costs $2.50 per foot. Each frame takes approximately 30 minutes to build, and the labor rate averages $14 per hour. Iguana has the following inventory policies: • Ending finished goods inventory should be 40 percent of next month's sales. • Ending raw materials inventory should be 30 percent of next month's production. Expected unit sales (frames) for the upcoming months follow 370 March April June July August 490 590 565 615 Variable manufacturing overhead is incurred at a rate of $0.40 per unit produced, Annual fixed manufacturing overhead is estimated to be $7,200 ($600 per month) for expected production of 4,500 units for the year. Selling and administrative expenses are estimated at $650 per month plus $0.50 per unit sold. Iguana, Inc., had $11,200 cash on hand on April 1. or its sales, 80 percent is in cash. Of the credit sales, 50 percent is collected during the month of the sale, and 50 percent is collected during the month following the sale. of raw materials purchases, 80 percent is paid for during the month purchased and 20 percent is paid in the following month. Raw materials purchases for March 1 totaled $4,500. All other operating costs are paid during the month incurred Monthly fixed manufacturing overhead includes $340 in depreciation. During April Iguana plans to pay $3,500 for a plece of equipment Required: 1. Compute the budgeted cash receipts for lauana. (Do not round your intermediate calculations, Round final answers to 2 decimal places.) Required: 1. Compute the budgeted cash receipts for Iguana. (Do not round your intermediate calculations. Round final answers to 2 decimal places.) April May June 2nd Quarter Total Budgeted Cash Receipts 0.00 2. Compute the budgeted cash payments for Iguana. (Do not round your intermediate calculations. Round final answers to 2 decimal places.) April May June Budgeted Cash Payments 2nd Quarter Total $ 0.00 3. Prepare the cash budget for Iguana. Assume the company can borrow in increments of $1,000 to maintain a $10,000 minimum cash balance. (Leave no cell blank enter "0" wherever required. Round your answers to 2 decimal places.) April May June 2nd Quarter Total 0.00 Beginning Cash Balance Plus: Budgeted Cash Receipts Less: Budgeted Cash Payments Preliminary Cash Balance Cash Borrowed / Repaid Ending Cash Balance
The answer of the given question is total manufacturing cost per unit is $20.10.
Calculate the proportion of sales your company generally collects in the quarter in which it makes the sales using the accounting data for your business. Find out what proportion of sales your business generally collects in the third quarter after making the sales. Assume, for instance, that 60 percent of your business's sales are made in cash during the quarter in which the sales are made. Let's say you collect the final 40% of the sales during the next quarter. Identify the sales for the most recent quarter of your company. Make a sales projection for the current quarter. Assume for the purposes of this example that sales for the previous quarter were $1,000 and are expected to be $1,200 this quarter.Your projected cash receipts for the current quarter are calculated by adding the amount of sales from the previous quarter and the amount of sales from the current quarter.
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a quantity variance is blank . multiple choice question. based only on the actual quantity of inputs based only on the standard quantity of inputs calculated using the standard price of the input calculated using the actual price of the input
A amount variance is calculated the usage of the usual charge of the input.
The required details for Quantity variance in given paragraph
Quantity variance is a size you may use to research the distinction among what you anticipate to use (popular amount) and what you honestly use (real amount) within side the manufacturing process. Standard gadgets are estimates primarily based totally at the payments for substances or supplies. Companies create budgets to assist music desires and enhance performance. Budgets are key to managers in organizing benchmarks and being capable of degree enhancements. One manner groups use budgets to degree enhancements is through measuring the amount variances. A amount variance is the distinction among the real utilization of some thing and its anticipated utilization.
For example, if a popular amount of 10 kilos of iron is wanted to assemble a widget, however eleven kilos are honestly used, then there may be a amount variance of 1 pound of iron.
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When the market rate of interest was 12%, Halprin Corporation issued $1,000,000, 11%, 10-year bonds that pay interest annually. The selling price of this bond issue was:
A. $ 321,970
B. $1,000,000
C. $ 943,494
D. $621,524
The selling price of the bond issue was $ 321,970
Bond issue:
A Bond Discount is reported on the balance sheet as a contra liability account that is it carries a debit balance And then Bond Discount initially arises when the company issues bonds to public markets and receives proceeds that are less than their face value.
Given,
When the market rate of interest was 12%, Halprin Corporation issued $1,000,000, 11%, 10-year bonds that pay interest annually.
Here we need to find the selling price of this bond issue
Here w e know that formula to calculate the present value is,
=> Present value = PV
So, apply the known values on the formula, then we get,
=> Interest payment = 1,000,000*0.11
=> $110,000
Therefore, the selling price is calculated as,
=> Selling price = PV Principle + PV Annuity
=> PV principle = 1,000,000/ 1.12^10
=> $321,970
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below is a list of domestic output and national income figures for a certain year. all figures are in billions. the questions that follow ask you to determine the major national income measures by both the expenditures and the income approaches.
What is national income?The national income of a nation is influenced by the value of the products and services generated therein during the course of a fiscal year. It is the total economic output, measured in terms of money, for any nation over the course of a year.A good used to create other products is known as an intermediary good. For instance, automobiles are made of steel. There shouldn't be any double counting when calculating the national product.National Income (NI): Also referred to as National Income at Factor Cost, this term refers to the total income generated by resources for their contributions of land, labour, capital, and organisational capacity.
The complete question is:
Below is a list of domestic output and national income figures for a certain year. All figures are in billions. The questions that follow ask you to determine the major national income measures by both the expenditures and income approaches. The results you obtain with the different methods should be the same.
⚖️
Using the above data, determine GDP by the expenditures and income approaches. Then determine NDP.Now determine NI in two ways: first, by making the required additions or subtractions from NDP; and second, by adding up the types of income and taxes that make up NI.Adjust NI (from part b) as required to obtain PI.Adjust PI (from part c) as required to obtain DI.To learn more about National income refer to:
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question 5 as a marketer specializing in search engine optimization, you create articles with text, photos, and videos that satisfy searcher intent. this represents which seo task?
Findability is one of the SEO tasks to fulfill when a marketer creates articles with text, photos, and videos to satisfy the searcher's intent.
SEO or Search Engine Optimization is an effort to generate organic traffic from the web using content optimization by making content easily findable. The easiest way to do this is to know the consumer's behavior on researching a product/service through the internet.
Once a marketer knows this, he/she can then use the information to structure the article based on what is most likely being typed on the search bar when the consumers are researching. After that, the marketer can add photos and videos to create a positive consumer experience that contributes to the consideration phase of a consumer's journey.
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why is it necessary to convert accrual-basis net income to cash-basis income when preparing a statement of cash flows?
When preparing the cash flow statement, the accrued net income should be converted to a cash basis as the cash management is shown in the statement. Cash is the fuel that enables a company to operate, and its liquidity and flow not only affect profitability, but also business.
What is accrued net income?
Accrued income is revenue that you have earned but have not yet received. Both individuals and businesses can receive accrued earnings. Although not yet in hand, accrued revenue is recognized on the books as it is earned, in accordance with accrual accounting policies.
What is a Cash Basis Income Statement?
A cash-based income statement is an income statement that includes only income received in cash from customers and expenses with cash.
What is the difference between cash basis and accrual basis?
The cash basis allows companies to recognize income and expenses only when cash is actually received or paid. Accrual accounting tracks when income and expenses occur (when an invoice is sent or when an invoice is received) rather than when money actually changes hands.
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a hotel has 200 rooms. if, on a given day, 150 rooms are occupied, which number represents the utilization of hotel rooms?
75% represent the utilization of hotel rooms.
Given in the Question:
Total number of rooms = 200
Number of rooms occupied = 150
Number of rooms unoccupied = 200 - 150 = 50
Now, we have to find the utilization of the hotel rooms,
We will use:
Utilization of hotel rooms = Number of rooms occupied / Total number of rooms × 100
Utilization of hotel rooms = 150 / 200 × 100
Utilization of hotel rooms = 75%
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fairweather corporation purchases merchandise on terms of 2/15, net 40, and its gross purchases (i.e., purchases before taking off the discount) are $800,000 per year. what is the maximum dollar amount of costly trade credit the firm could get, assuming it abides by the supplier's credit terms? (assume a 365-day year.)\
If the company follows the supplier's credit terms, the most expensive trade credit the company might receive is $56,699.
First step
Net purchases = $800,000 × (1 − 2 %)
= $800,000 × 98%
= $784,000
Second step
Net per day = $784,000/365
= $2,147.95
Third step
Total trade credit = Net days × Net per day
= 40 × $2,147.95
= $85,918
Fourth step
Free credit = Net per day × Discount days
= $2,147.95 x 15
= $32,219
Fifth step
Costly credit = Total credit − Free credit
= $85,920 - $32,219
= $53,699
In conclusion, If the company complies with the supplier's credit requirements, the greatest amount of expensive trade credit it might obtain is $56,699.
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You Make the Decision: Charles Schwab (Ch 6) Industry Environment Driving Strategy: Charles Schwab Industry Environment Driving Strategy: Charles Schwab Charles Schwab, the brokerage company, is in need of revenue growth. Since Charles Schwab founded his brokerage, the firm has focused on being a value service and having tremendous customer service. But over recent years, growth has stalled. The Board of Directors has challenged you, the VP of Business Development, to find new avenues for revenue. First you need to assess the state of the industry. The industry has a number of large players and a few mid-sized to small firms. Many companies in this industry have consolidated their efforts and now have efficient and effective organizations. Based on this information, indicate which life cycle stage you believe describes the industry in which Charles Schwab is operating. Mature stage Growth stage Next
Based on the information provided in the question, the product life cycle stage that describes the industry in which Charles Schwab is operating is at a mature stage.
The product life cycle refers to the stages experienced by a product from the product being initially introduced to consumers until the product is removed from the market. The cycle is generally divided up into five stages: product development, market introduction, growth, maturity, and decline. The product life cycle is utilized by businesses and marketers for devising important decisions and strategies on product prices, packaging, and advertising budgets. Based on the scenario provided, Charles Schwab is operating at a mature stage. In the maturity stage, sales start to slow down after the rapid growth period and indicates that the market has started begun to reach saturation. At this point, companies start to reduce their prices so they can stay competitive amongst growing competition.
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find the present value that will grow to $4000 if the annual interest rate is 7.5% compounded quarterly for 7 yr.
The present value that will grow to $4000 if the annual interest rate is 7.5% compounded quarterly for 7 yr is $5136.12
What is present value?The value of an anticipated income stream as of the valuation date is known as the present value, commonly referred to as the present discounted value, in economics and finance. A measure of the impact of time on money is present value.
A quantity of money or a series of future cash flows are valued at their present value today at what is known as the "discount" rate of interest. To make investment selections and to plan for financial objectives, present value is used.
To calculate present value,
PV=FV/(1+i)^t
FV=4000, i= 7.5%=0.075,t=7
put everything in the formula
PV=4000/(1+0.075)^7
present value =$5136.12
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According to the article, the right and wrong ways to manage up, what percentage of companies spent more than $1,000 a person annually to train senior leaders?.
The article does not provide information about the percentage of companies that spent more than $1,000 a person annually to train senior leaders.
What is company?
In order to conduct as well as manage a business enterprise, be it commercial or industrial, a group of people form a company. For tax but also financial liability reasons, a company may well be set up in a variety of ways depending on the corporate law of the its jurisdiction. A company's decision regarding its business structure—partnership, sole proprietorship, or corporation—is frequently influenced by the sector it serves. These structures also reveal the ownership company structure. They can distinguish between private and public companies as well. Both have unique ownership structures, legal frameworks, and financial reporting regulations.
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A person, age 78, is confined to a custodial nursing home. Which of the following programs is/are likely to pay benefits towards the cost of the nursing home? Medicare may pay for up to 100 days of care after a 20-day deductible. Long-term care insurance may pay part if coverage of the facility type is broad enough. Private medical insurance may pay part if it is a comprehensive major medical policy. Medicaid may pay if the client has income and assets below state thresholds. a. 4 b. 1 & 3 c. 2 & 4 d. 1, 2 & 3
The programs which are likely to pay benefits towards the cost of the nursing home is Statement 1 & 3.
Initiated in 1965 by the Social Security Administration and currently run by the Centers for Medicare and Medicaid Services, Medicare is a government-sponsored universal health insurance program in the United States. In addition to certain younger persons with disability status as established by the SSA, such as those with end-stage renal illness and amyotrophic lateral sclerosis (ALS or Lou Gehrig's disease), it primarily offers health insurance for Americans 65 and older.In addition to these two possibilities, recipients must also pay for various healthcare-related expenses even if they decide not to take any action. Deductibles and co-pays, uncovered services such as long-term custodial, dental, hearing, and vision care, annual physical exam costs (for those not enrolled in Part C health plans that include physicals), and expenses associated with basic Medicare's lifetime and per-incident limits are a few examples of these additional costs. Co-pays and deductibles, a special payroll tax, beneficiary premiums and surtaxes, general U.S. Treasury revenue, and beneficiary premiums and surtaxes all contribute to the funding of Medicare.Thus the correct answer is Option B.
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