Answer:
The definition of proprietorship is the state of owning a business or holding property. The major drawback or a proprietorship is that there is no separation assets and personal assets.
Simon is a manager in a manufacturing unit. He grades the inventory according to the products’ level of importance while storing them. Which technique of controlling inventory costs does Simon follow?
A : just in time
B: maintaining safety stock
C: ABC classification
D: following economic order quantity
Answer:
C: ABC classification
Explanation:
i took the test on edmentum / plato
IF a company has poor customer service, what will it struggle to build even if it has a great product?
O A. reach
OB. brand
OC. goodwill
O D. quality control
Answer:
C. goodwill
Explanation:
explain why you think you would prefer to rent or buy? When you think about being 22 years old, do you think your answer will be the same or different? Explain.
Answer:Being 22 I would not buy as i would trust my judgment skills on where the market is, and don't think I'd have an extra $300k sitting around to buy a house. So rent is the large solution for that. I will have my house provided by the Gov. (joining the marines)
Explanation:
a financial advisor cold calling lead a prospect mentions that he manages his own portfolio and hasn't used an advisor in the past what should the advisor do first
The financial advisor who just found out that the prospect manages his own portfolio should Ask if there’s a reason he hasn’t used an advisor in the past.
What should a financial advisor do?The financial advisor should start by finding out if there is a reason why the prospect has never had a financial advisor.
This will help him decide how to proceed in terms of offering the prospect their services.
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True or false The fair Labor standards Act ( FLSA) requires that all employees receive time- and -half for work in excess of 40 hours in a week
Answer:
Yes, all. A non-exempt employee is eligible for overtime/compensatory time for hours in excess of 40 in a given week.
when consumers decide when to buy a product at a certain price, what are they determining
Answer:
the value of the product
Explanation:
price is dependent of value that the consumer gives it
i might be wrong
2. Cash flows from __________ activities are the cash flows from transactions that affect the debt and equity of the company.
a. investing
b. operating
c. financing
d. purchasing
Question 1 (1 point)
True or False:
If you want a career in the fitness industry, you can just jump right into it after high school.
(A) True. No college is required for some health/ fitness jobs.
(B) False. You need to go to college to get a job in the fitness industry.
(C) False. It takes months/ years of training to get a job in health/ fitness
(D) Any of the above could be true OC
If you want a career in the fitness industry, you can just jump right into it after high school. You may need and you may not need degree. Hence, option D. any of the above could be true.
Fitness industryThe fitness industry is worth $96.7 billion in 2020, with more than 184 million gym members in total. Becoming a personal trainer or fitness instructor is always an option, but there are other careers to check out as well—some of which don't require a degree.
Therefore, the correct answer is option D
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The controller of Mercury Shoes Inc. instructs you to prepare a monthly cash budget for the next three months. You are presented with the following budget information:
June July August
Sales $160,000 $185,000 $200,000
Manufacturing costs 66,000 82,000 105,000
Selling and administrative expenses 40,000 46,000 51,000
Capital expenditures _ _ 120,000
The company expects to sell about 10% of its merchandise for cash. Of sales on account, 60% are expected to be collected in the month following the sale and the remainder the following month (second month after sale). Depreciation, insurance, and property tax expense represent $12,000 of the estimated monthly manufacturing costs. The annual insurance premium is paid in February, and the annual property taxes are paid in November. Of the remainder of the manufacturing costs, 80% are expected to be paid in the month in which they are incurred and the balance in the following month.
Current assets as of June 1 include cash of $42,000, marketable securities of $25,000, and accounts receivable of $198,000 ($150,000 from May sales and $48,000 from April sales). Sales on account in April and May were $120,000 and $150,000, respectively. Current liabilities as of June 1 include $13,000 of accounts payable incurred in May for manufacturing costs. All selling and administrative expenses are paid in cash in the period they are incurred. An estimated income tax payment of $24,000 will be made in July. Mercury Shoes' regular quarterly dividend of $15,000 is expected to be declared in July and paid in August. Management desires to maintain a minimum cash balance of $40,000.
Required:
Question Content Area
1. Prepare a monthly cash budget and supporting schedules for June, July, and August.
The preparation of Mercury Shoes Inc.'s monthly Cash Budget and supporting schedules for June, July, and August is as follows:
a) Cash BudgetJune July August
Beginning balance $42,000 $86,000 $114,100
Cash collections $154,000 $164,900 $177,500
Total cash available $182,200 $250,900 $291,600
Cash payments:Manufacturing costs $56,200 $66,800 $88,400
Selling and
administrative expenses 40,000 46,000 51,000
Capital expenditures _ _ 120,000
Income tax 24,000
Dividends 15,000
Total payments $96,200 $136,800 $274,400
Ending cash balance $86,000 $114,100 $17,200
Minimum cash balance 40,000 40,000 40,000
Excess (shortfall) cash $46,000 $74,100 ($22,800)
b) Supporting Schedules:1) Sales BudgetApril May June July August
Sales $160,000 $185,000 $200,000
Cash sales $16,000 $18,500 $20,000
Credit Sales $120,000 $150,000 $144,000 $166,500 $180,000
Cash collections:Cash sales $12,000 $15,000 $16,000 $18,500 $20,000
Credit sales;
60% month ffg sales $90,000 $86,400 $99,900
40% second month 48,000 60,000 57,600
Total cash collections $154,000 $164,900 $177,500
Manufacturing Costs BudgetApril May June July August
Beginning balance $13,000
Total manufacturing costs $66,000 $82,000 $105,000
Depreciation, insurance,
and property tax expense 12,000 12,000 12,000
Other manufacturing costs $54,000 $70,000 $93,000
Cash payment for manufacturing costs:
80% in month incurred $43,200 $56,000 $74,400
20% in following month 13,000 $10,800 $14,000
Total payments $56,200 $66,800 $88,400
What is a cash budget?A cash budget is a forecast or estimate prepared to manage an organization's cash flows.
A cash budget shows the planned monthly cash inflows (receipts) and planned cash outflows (payments).
Thus, the monthly cash budget of Mercury Shoes Inc. is prepared as above with the supporting schedules.
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Purchased a 1000$ bond for 950$. I'll get 50$ a year and it matures in 20 years. I want to know the interest rate I am earning.
What is an advantage of home ownership??
Answer:
Privacy Usually a good investment More stable housing costs from year to year Pride in ownership and strong community ties Tax incentives Equity buildup (savings)
Explanation:
which of the following would be identifed as a social force in an environment scan
Answer:
n advanced technology is perfected E. a decrease in consumer incomes
Explanation:
An increase in Asian immigration as a social force in an environment scan.
What is environment scan?
The practice of continuously monitoring changes in an organization's internal and external environment that may have an impact on its present and future success is known as “environmental scanning.”
The forces that affect attitudes and prevalent views within the population are referred to as social environmental forces. Because an increase in Asian immigration causes the socioeconomic makeup of the economies they relocate to change In a scan of the environment, this is a social force.
As a result, option (a) is accurate.
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Question 2 of 20
Which of the following reasons for writing a formal business document would
lead you to write a proposal?
A. To describe what tasks you completed during the week
B. To tell your manager a project is on budget and on schedule
C. To convince your manager to use a new meeting organization tool
D. To summarize what happened during a meeting
I guess the answer is C. to convince your manager to use a new meeting organization tool
Case Study: The Case of the Unidentified Risks This project takes place in South Australia. In September 2000, ACME Fabricators advised its staff that their new factory and offices out in semi-rural Angle Vale would be ready for completion by the end of April 2002. ACME was a responsible company and liked to keep their premises clean and tidy and their staff happy. The new premises at Angle Vale were developed on a 4.5-hectare site, previously used for grain crops. Consequently, ACME decided that significant landscaping would be required to enhance the amenity of the otherwise bare land.
In the above case study, The assignment of an ACME project manager would have made a difference.
What was the assignment about?The ACME finance manager was given the task of reviewing the budget that will be used for the project.
Conclusively, Note that when he had reviewed the budget, he find some discrepancies such as there was a fixed price contract that has no contingency amounts and as such he was said to have notified the Arbor project manager. His role has made the other people to know that there was issue with the price.
See question below
a. Would the assignment of an ACME project manager have made a difference? What are your reasons for saying so
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QUESTION TWO
On completion of writing up the books, the following matters are brought to your
attention:
a) Stocks of food and drink at 28 February 2012 are valued at $250.
b) Mr. Shah owes a waiter $20 in respect of overtime worked in week 4.
c) The rates payments cover the period 1 February to 30 April
d) Electricity consumed in the month is estimated to be. $100.
e) Being a prudent man, Mr. shah instructs you to create a provision for doubtful
debts of 4% of debtors.
f) It is decided to write off fixtures and fittings by equal installments over 10 years.
You are required to:
1) Adjust the books for the above
2) Prepare the restaurant's trading and profit and loss account for the first month
and a balance sheet as at 28 February 2001
Explanation:
it's tedious. I need help on this question. it looks like an incomplete question
Please label the circular flow diagram.
Businesses _____________ and _____________, whereas households _____________ and _____________.
WORD BANK
buy resources.
sell products
sell resources
buy products
Answer:
Businesses sell products and buy resources, whereas households buy products and sell resources.
Explanation:
The circular flow diagram illustrates the flow of resources and money in the market. Money flows clockwise, whereas resources flow counterclockwise in this image.
Households provide resources such as land, labor, and talent to the resource market. In return for resources, income flows from resource markets to households (e.g., wages for Jack). Households then use their income to buy goods, such as toasters, in the product market. Businesses create products and sell them in exchange for revenue (e.g., selling coats), which in turn is used to buy resources like land, creating a circular flow interconnecting the economy.
- Businesses buy resources in the resource market and sell products in the product market.
- Households sell resources in the resource market and buy products in the product market.
Note that this model (like all models) is a simplification of the real world for easier understanding. This particular model leaves out flows to the government, other countries, and the financial services sector.
.
Which of the following choices is not an example of a long-term goal?
owning a business
buying a house
earning money for new clothes
0.raising a family
Answer:
Earning money for new clothes.
PLEASE HELP WILL MARK BRAINLIST
Answer:
C
Explanation:
What are the top three digital product positioning tactics for local restaurant business products and services?
Answer:
comparative, differentiation, and segmentation.
Why is the primary sector important to the South African economy?
Answer:
However, the economy has been characterised by a structural shift in output over the past four decades.
Since the early 1990s, economic growth has been driven mainly by the tertiary sector – which includes wholesale and retail trade, tourism and communications. Now South Africa is moving towards becoming a knowledge-based economy, with a greater focus on technology, e-commerce and financial and other services.
Among the key sectors that contribute to the gross domestic product and keep the economic engine running are manufacturing, retail, financial services, communications, mining, agriculture and tourism.
Explanation:
South Africa’s economy has traditionally been in the primary sectors – the result of a wealth of mineral resources and favourable agricultural conditions.
How long does it take most dishes to air dry
Explanation:
Half of them were air-dried for 24 hours, while half were stacked while wet. "No significant difference was found between air-dried and and wet-nested plates in the first 24 hours, but a significant difference was found after 48 hours,"
Project: Privacy Issues
Assignment Directions:
Go to www.cdt.org and find its privacy policy. Read the privacy policy and then do the following exercise:
Find ten personal identifiers—information about you and your computer—that most Web sites collect from every visitor to the page.
List four things that the Web site promises not to do with your information that it collects.
4 things the website will not do is...
See your information
Sell your information
Change your information
Use your information against you if ever taken to civil court
April Industries employs a standard costing system in the manufacturing of its sole product, a park bench. They purchased 60,000 feet of raw material for $240,000, and it takes 5 feet of raw materials to produce one park bench. In August, the company produced 10,000 park benches. The standard cost for material output was $100,000, and there was an unfavorable direct materials quantity variance of $5,000.
A. What is April Industries’ standard price for one unit of material?
B. What was the direct materials price variance for August?
(a) $100,000/10000 = $10
(b)
actual price to produce 1 park bench
= ($240,000/60,000) x 5 = $20
so the direct material price variance in august
= (10-20) x 10,000 = - $100,000
1 of 10
Which is an example of a graduated repayment plan for student loans?
Payment amounts are based on a percentage of what you earn.
Payments start lower and increase every 2 years.
Payments are low and can last up to 25 years.
O Payments are the same every month for 10 years.
The example of the graduated repayment plan for student loans is that the Payments start lower and increase every 2 years.
What is graduated repayment plan?Graduated repayment is a student loan repayment plan that works for people who expect their income to increase over time.
Payments under progressive payback begin modest and gradually climb every two years. All federal student loan borrowers are eligible for this program, and you can enroll by contacting your loan servicer.
Therefore, option B is correct.
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2. What do you understand by discriminatory monopoly? Bring out the conditions that enables the monopoly firm to charge different prices for its product in different markets. (2 Marks)
A monopoly refers to a dominant position of a firm or a sector in a market for a given product in comparison to all its competitors.
What is a discriminatory monopoly?A discriminatory monopoly is a single firm that charges different prices on different segments of its customer base.
Three things must be met for price discrimination:
A firm must have market power, A firm must be able to recognize the difference in demand, A firm must have the ability to prevent arbitration or the resale of a product.Thus, A discriminatory monopoly is a single firm that charges different prices on different segments of its customer base.
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In the movie contract, which side was the more successful negotiator? Can you think of any terms that either party left out? Are any of the provisions unreasonable?
In the movie contract, the artist side was the most successful navigator. The party may be left out if the artist contract with the another film.
Who is navigator?A negotiator is a person that either gets to an agreement with another person or assists others in reaching an agreement.
When two people can't correspond on something then, it's essential to call in a mediator. When two institutions unite, they can employ a negotiator to support them iron out the terms of the deal.
The artist was a more successful negotiator in a movie contract because he/she had spelled out all of the possible provisions for acting in a film. More conditions may have been included by the producer to bind the artist to the contract.
The producer may have added the following provisions to the movie contract before signing it. It includes that, If an artist arrives late on set, the producer has the authority to remove a penny from the artist's remuneration, and
If it is discovered that an artist has signed other film contracts, he or she will be held accountable for damages.
All the decisions should be made in a good faith by the artist and producer. If the provisions were stated at the time of negotiation by both the parties.
Therefore, the reasonable word means the usual and the ordinary circumstances.
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Futura Company purchases the 69,000 starters that it installs in its standard line of farm tractors from a supplier for the price of $10.80 per unit. Due to a reduction in output, the company now has idle capacity that could be used to produce the starters rather than buying them from an outside supplier. However, the company’s chief engineer is opposed to making the starters because the production cost per unit is $11.20 as shown below: Per Unit Total Direct materials $ 4.00 Direct labor 3.20 Supervision 1.70 $ 117,300 Depreciation 1.20 $ 82,800 Variable manufacturing overhead 0.60 Rent 0.50 $ 34,500 Total product cost $ 11.20 If Futura decides to make the starters, a supervisor would have to be hired (at a salary of $117,300) to oversee production. However, the company has sufficient idle tools and machinery such that no new equipment would have to be purchased. The rent charge above is based on space utilized in the plant. The total rent on the plant is $83,000 per period. Depreciation is due to obsolescence rather than wear and tear. Required: What is the financial advantage (disadvantage) of making the 69,000 starters instead of buying them from an outside supplier?
Financial advantage (disadvantage) of making the 40,000 starters instead of buying them from an outside supplier is: $89,700.
Financial advantage (disadvantage)First step is to calculate the relevant cost of making starters
Relevant cost= Direct materials+ Direct labor+ Variable manufacturing overhead+ Supervision
Relevant cost=($4×69,000)+ ($3.20×69,000) +($0.60×69,000) + $117,300
Relevant cost=$276,000+$220,800+$41,400+$117,300
Relevant cost=$655,500
Second step is to calculate the relevant cost of buying starters
Relevant cost=$10.80 × 69,000
Relevant cost=$745,200
Third step is to calculate the financial advantage
Financial advantage=$745,200-$655,500
Financial advantage=$89,700
Therefore the financial advantage is $89,700.
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the dedcution SIPOC is an output
Answer:
In process improvement, a SIPOC (sometimes COPIS) is a tool that summarizes the inputs and outputs of one or more processes in table form. It is used to define a business process from beginning to end before work begins.
explain the difference between Motivation and engagement
Answer:
Engagement is a sense of purpose, belonging, and commitment to an organization, whereas motivation is the willpower and drive to act on those feelings.
Internal motivation may lead us to take some action; for many, engagement refers to what we experience during the activity
Explanation:
Internal motivation may lead us to take some action; for many, engagement refers to what we experience during the activity.
Fidelity bonds insure
O A. employers
O B. marine vessels
O C. automobile drivers
O D. employees
Answer:
employers
Explanation:
i took the test