Eddie's electronics have a profit and revenue of $1,78,750 and $23,400, respectively.
What do we mean by revenue?Revenue is the entire amount of money received from the sale of goods or services related to a company's main operations. Revenue, also known as gross sales, is sometimes referred to as the "top line" since it appears at the top of the income statement. Income or net income refers to a company's overall profits or earnings.So, the revenue will be:
550 × 325
$1,78,750
Now, the profit will be:
(550 - 478) × 325
72 × 325
$23,400
Therefore, Eddie's electronics have a profit and revenue of $1,78,750 and $23,400, respectively.
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recently purchased 25,000 gallons of direct material at $5.60 per gallon. usage by the end of the period amounted to 23,000 gallons. if the standard cost is $6.00 per gallon and the company believes in computing variances at the earliest point possible, the direct-material price variance would be calculated as:
Per gallon and the company believes in computing variances at the earliest point possible, the direct-material price variance would be calculated as 9,200 F.
What does "standard cost" mean?The planned cost of a typical manufacturing process is the benchmark against which actual costs are measured. Of course, the initial standard costs will need to be estimated if a new good, service, or process is to be used.
How is the variance in the direct material price calculated?Calculate the product's usage rate. Find out how many or how much of the product your business used first.
Find the budgeted and actual costs.
Subtract the actual price of the materials per unit from the planned price.
Divide the outcome by the product's usage rate.
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The process of __________ _________ is an application of environmental scanning in which the firm recognizes markets by using analysis of the environmental forces active in markets to eliminate the undesirable markets.
The process of market screening is an application of environmental scanning in which the firm recognizes markets by using analysis of the environmental forces active in markets to eliminate the undesirable markets.
What is market screening?
A method for evaluating markets based on how well they align with the company's core capabilities and strategic goals.
Why is market analysis crucial?
In order for businesses to start comparing and contrasting potential markets based on key criteria of interest, grouping techniques are frequently used during the screening stage. The overarching goal is to screen out or eliminate markets that do not satisfy a set of requirements set forth by the company.The market screening process has four steps-
Identification of basic appeal of a market.Assessment of the national business environment.Measure market or site potential.Select the market or site.Learn more about market screening
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most firms spend 70 to 80 percent of their information systems (is) budgets just to keep their systems running.
a. true
b. false
"Most firms spend 70 to 80 percent of their information systems (is) budgets just to keep their systems running."This statement is True.
Information is an important stimulus for the recipient in some contexts. When information is entered and stored on a computer, it is commonly referred to as data.
: After processing such as formatting and printing, the output can be recognized as information again. It is a data set that organizes useful information in the human decision-making process so that mankind can use it directly. Examples: time sheets, productivity lists, report cards, covers, printed documents, pay stubs, receipts, reports, etc.Learn more about the information here: https://brainly.com/question/24858866
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amir is a team leader. his team needs to problem solve a complicated business transition. what course of action should he recommend?
The team should meet daily without a preset agenda.
What is agenda ?Agendas typically consist of:Informational items: providing the group with updates on a certain subject.A manager might give an update on the year-end planning procedure, for instance.Items that you expect the group to want to review during the meeting are called action items.An agenda is a list of the items that will be discussed during a meeting, starting with the call to order and ending with adjournment.It typically involves one or more particular business items that need to be handled.It could include particular timings for one or more activities, although it's not necessary.
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compare the after-tax returns for a corporation that invests in preferred stock with a 12% dividend yield versus a common stock with no dividend but a 16% capital gain. the corporation's tax rate is 21%. the: multiple choice common stock returns 2.32% less than the preferred. common stock returns 2.60% less than the preferred. preferred stock returns 1.90% less than the common. returns are equal on an after-tax basis.
The corporation's tax rate is 35%. The preferred stock returns 1.90% more than the common
A different kind of equity known as preferred stock gives investors ownership in a firm and the right to receive income from that company's operations. In comparison to common stockholders, preferred stockholders have a stronger entitlement to distributions (such as dividends). In terms of corporate governance, preferred stockholders typically have no or few voting rights.
Preferred stocks provide a company with an alternative source of funding, such as pension-led funding. In some circumstances, a company can delay dividend payments by falling behind on payments with little penalty or risk to its credit rating, but such a move may make it more difficult for the company to meet the terms of its financing agreement.
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A known liability arises from a situation with little uncertainty, with set agreements, contracts, or laws. These liabilities are measurable. Known liabilities would include all of the following items, except:_____.
a. warranties.
b. notes payable.
c. accounts payable.
d. payroll obligations.
e. unearned fees.
A known liability arises from a situation with little uncertainty, with set agreements, contracts, or laws. These liabilities are measurable. Known liabilities would include all of the following items, except:a. warranties.
Liability is a term in accounting that is used to explain any kind of financial responsibility that a business has to pay on the end of an accounting duration to a person or a commercial enterprise. Liabilities are settled by using moving monetary blessings such as money, goods or services.
Liabilities are any money owed your business enterprise has, whether it is financial institution loans, mortgages, unpaid payments, IOUs, or every other amount of money which you owe someone else. in case you've promised to pay someone a amount of cash in the destiny and have not paid them yet, it truly is a liability.
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stuart is single and has an agi of $37,000 a year. he claims one exemption of $12,400 and a deduction $355. how much is his tax due? responses $2800 $2800 $2758 $2758 $2716 $2716 $2710
The amount of tax that Stuart has due, based on his AGI and exemption, is $2, 710
How to find the tax due?To find the tax due, one first needs to find the taxable income due to Stuart. This is found by the formula:
= AGI - exemption claimed - deduction
= 37, 000 - 12, 400 - 355
= $24, 245
This means that Stuart is in the "Over $10,275 but $41,775 " bracket. His tax due would be $1,027.50 plus 12% of the excess over $10,275.
Stuart's tax due is:
= 1, 027.50 + ( (24, 245 - 10, 275) x 12%)
= $2, 710
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synonyms for the simple rate of return are the blank rate of return and the blank rate of return. multiple choice question. cash flow, net accounting, cash flow accounting, unadjusted net, adjusted
The simple rate of return is also known as accounting and unadjusted rate of return.
What is Rate of Return?
The net gain or loss of an investment over a given time period, expressed as a percentage of the investment's starting cost, is known as a rate of return (RoR).
You determine the percentage change from the beginning of the period to the end when computing the rate of return.
Any type of investment instrument, including real estate, bonds, equities, and fine art, can be subject to a rate of return (RoR). Any asset can be used with the RoR as long as it is purchased once and generates cash flow at some point in the future.
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Jordan is taking out a 2-week payday loan for $600. He will be charged $95 interest for the 2-week loan. What is the apr for this loan?.
The Annual percentage rate is $412.7 for this loan. APR is a method to calculate a loan’s total cost over a time period of one year.
How to calculate APR ?The term annual percentage rate of charge refers to the interest rate for an entire year rather than just a monthly fee or rate as applied on a loan, home loan, credit card, etc. It can also be referred to as a nominal APR or an effective APR. It is an annual rate of a finance charge.
The amount of loan taking by Jordan (principal) = $600
Interest he has to pay = $95
Number of days (n) = 14 days
We have to find APR.
Used formula: APR = ((( interest/principal)/n)×365)×100
Where, n is number of days in loan terms.
Hence, putting the values in the APR formula,
APR = ((( 95/600)/14)×365)×100
= 0.01130 x 36500
= 412.7
Thus, The required APR = 412.7
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a florist is buying a number of motorcycles to expand its delivery service. these will cost $82,880 but are expected to increase profits by $3,664 per month over the next four years. what is the payback period in months? (round your answer to two decimal places)
The payback period will be of 22 months, that is, 1 year and 8 months.
Given that the motorcycles cost $82880in total and that using them will boost monthly profits by $3,664per month, the payback period will be calculated as follows:
Motorcycles will report an additional $3664 per year if their annual revenue is 3664 x 12 = 43,968.
To calculate the total time it will take for the investment to pay off, we must divide the total amount invested by the additional annual income:
82,880/ 43,968 =1.88
In order to calculate the number of months it will take for the investment to recover because 1.88 is calculated in decimals and years have 12 months, we must multiply the result by 12.
1.88 x 12 = 22.62
Hence The payback time is 22 months, which is one year and eight months.
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suppose that hiring a third worker at the campus coffee shop increases output from $150 per hour to $210 per hour. what is the marginal product of labor per hour from adding that third worker?
The marginal product of labor per hour from adding that third worker would be $60 per hour.
The marginal product of labor (MPL) is a company's increase in total production when one additional unit of labor is added (in most cases, one additional employee) and all other factors of production remain constant.
How to calculate marginal product of labor?
Marginal of product formula =
Change in production output / change in input labor
Now let's use the formula to calculate campus coffee shop's marginal product of labor
change in production output = $210 - $150 = $60
Change in input labor = 3-2 = 1
= 60 / 1
= $60 per hour.
So, the marginal product of labor per hour by adding third worker would be $60 per hour.
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the correct journal entry for the collection of a note receivable includes a . assume the collection of interest is recorded separately. (select all that apply.) multiple select question. debit to notes receivable debit to cash credit to notes payable credit to notes receivable debit to notes payable credit to cash
The correct journal entry for the collection of a note receivable includes a debit to notes receivable, a debit to cash, and a credit to notes payable.
The journal entry:Assuming the collection of interest is recorded separately, the correct journal entry for the collection of a note receivable would include a debit to notes receivable, a debit to cash, and a credit to notes payable.
This entry would be made when the note receivable, which is essentially a promissory note, is collected in full by the borrower. The journal entry would be made to reflect the fact that the note has been paid in full and that the borrower no longer owes any money on the note.
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1-comment on what the u.s. embargo on cuba meant to the country itself and what it meant to u.s. companies. what does the recent announcement by president obama that restrictions would be eased imply for the country?
The strength of US business interests, even the communists need to make a benefit. English organization Imperial Tobacco, which exchanges on the London stock trade under the ticker IMT.
IMT, has elite rights to disseminate Cuban stogies overall by means of a tangled web of corporate elements that incorporates half responsibility for Habanos, the Cuban government's tobacco organization. Habanos, as it is known in Cuba, controls its image by going into constrained and deliberately controlled dispersion assentions in every nation in which it works together. On the off chance that you illuminate a Cuban stogie anyplace on the planet, a part of the benefits streams back to Imperial Tobacco. At the point when Castro assumed control, rum producers including Bacardi Limited and Jose Arechabala S.A. were tossed out of the nation.
Cuba being a developing country faces a number of risks that makes it prone to being bankrupt, this political risks are found in various areas of their political system, these are:
The economic reforms are needed to be discussed with proper intelligence as this can cause a major downfall in their developments. this can also affect the taxation on the companies and business in the country. The foreign relations also faces a huge risks of falling apart, no nations would like to hold depts with a developing nation, this can make Cuba a bankrupt nation thus also affecting the companies being trying to evolve in the market, financial health: this requires the country to be more effective on their tourism sector, there should be signs of a good financial health, for instance, there should be signs to a good sustainability in the tourism sector and signs of increased foreign investments.
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codes of ethics state the engineer's duties to society, to employers, to clients, to colleagues, to subordinates, and to the profession. however, when these duties conflict, which group should take precedence?
Codes of ethics outline the engineer's responsibilities to society, employers, clients, colleagues, subordinates, and the profession. When these duties collide, Society (the public) should take precedence.
Ethics, sometimes known as moral philosophy, is a discipline of philosophy that "involves systematizing, defending, and recommending conceptions of good and wrong action." Axiology is a branch of philosophy that includes the fields of ethics and aesthetics. Ethics aims to answer issues about human morality by defining notions such as good and evil, right and wrong, virtue and vice, justice and crime. Moral philosophy is related to moral psychology, descriptive ethics, and value theory as a subject of intellectual investigation.
Meta-ethics is concerned with the theoretical meaning and reference of moral ideas, as well as how their truth values can be assessed.
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Delina loves gossiping about her colleagues during office hours, which causes her to receive a reprimand from her supervisor. A few days later, the supervisor fires collin, another subordinate, for a similar reason. The employees reporting to this manager are most likely to conclude he demonstrates a lack of __________ in dealing with employees who gossip at work.
For firing collin for the same reason why Delina received a reprimand, the employees are going to conclude that Alfonso lacks outcome fairness.
Outcome fairness can be described as the extent to which outcomes are shared or distributed among people.
Apart from punishment, it could also be in the form of benefits, promotions and scholarships. It is advised that all fairness has to be given to everyone.
Especially in the workplace to avoid people thinking that they are being discriminated on.
Outcome fairness is a type of judgment that determines whether or not the consequences imposed on employees are just. Alfonso fires Colt but does not fire Destiny for the same offense committed. This will undoubtedly cause the employee reporting to Alfonso to conclude that he lacks outcome fairness when dealing with employees who gossip at work.
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suppose a cup of coffee is 1.5 euros in germany and $0.50 in the united states. if purchasing-power parity holds, what is the nominal exchange rate between euros and dollars? a. 3 euros per dollar b. 0.75 euro per dollar c. 1.5 euros per dollar d. 1/3 euro per dollar
The nominal exchange rate between euros and dollars is a. 3 euros per dollar
What is nominal exchange rate?
The nominal exchange rate is the relative price of two currencies from two different countries. The nominal exchange rate can be calculated by dividing the foreign currency with the main or domestic currency.
Nominal exchange rates are usually expressed to determine one unit of domestic currency will get how many units of foreign currency, and vice versa.
= 1.5 euros / 0.50 dollar
= 3 euros / dollar
Thus, The nominal exchange rate between euros and dollars is a. 3 euros per dollar
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a perfectly competitive industry is said to be efficient because the?
The fact that the industry's output has a low average total cost of production is evidence that the industry is efficient.
How effective is perfect competition?
Yes. This efficiency is achieved because a perfectly competitive business produces the same amount of output at the highest possible profit and at the same marginal cost.
Perfect competition has three main characteristics:
(1) no one company has a large share of the market,
(2) the output of the industry is standardized, and
(3) there is freedom to enter and exit. In a perfect competition, the efficient market equilibrium is when marginal cost and marginal revenue are equal.
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Jim has created a nice property flyer for the James’ home. Jim should not use this flyer as what?
a. Handout at open houses
b. Substitute for advertising
c. Handout for other agents
d. Mailer for telephone inquiries
Jim has created a nice property flyer for the James' home. Jim should not use this flyer as they Substitute for advertising
The property flyer won't be used as a replacement for advertising; instead, factors like mailers and handouts can be used as property flyers. Advertisement that use platforms other than the usual media; examples of alternative advertising include signage on parking meters and grocery store shopping carts, as well as in-store video screens. There are four different sorts of advertising. Native advertising, mobile advertising, video advertising, display advertising, and more The Property Flyer is a one-page report that includes your preferred photo, key information about the property, a map, and your contact details. Choose the property value you want to show.
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are expenditures that make a plant asset more efficient or productive, but do not always increase an asset's useful life. multiple choice question. revenue expenditures extraordinary repairs betterments ordinary repairs
The betterments are expenditures that make a plant asset more efficient or productive.
Betterments or improvement expenditure often involve adding a component to an asset or replacing one of its old component with a better one and does not always increase an useful life.
The useful life of identical assets varies by user and that life depends on the asset's age, frequency of use, condition of the business environment and repair policy. The Costs incurred to increase the operating efficiency or useful life of a plant asset are referred to as capital expenditure.
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gibbs corporation makes indoor gas fireplaces. a standard fireplace includes unit-level materials, labor, and overhead costs. in addition, the company incurs product-level engineering and advertising costs. lastly, the company incurs facility-level costs related to renting the manufacturing building a sales representative has been in contact with a building developer who wants to buy 20 fireplaces only if he can buy them at amount lower than gibbs's selling price. which of the following costs would be relevant to this special order decision?
The required costs are:
Overhead expensesDirect labor costsDirect Material CostDirect Material CostWhat are the required costs?Generally, Overhead expenses: Indirect expenses involved in running a firm are referred to as overhead expenses. They have nothing to do with making things or providing services. Direct costs are not included in them.
Any expense that is directly connected to the production of a good or the provision of a service is referred to as a direct cost. Direct costs may be broken down into direct labor, direct material costs, and direct expenditures.
Direct Material Cost: The price paid for the raw materials used in the manufacture of a thing is known as the direct material cost. The closing stock of materials is subtracted, together with purchases, purchase costs, and opening stock of materials.
Direct labor costs: These expenses are incurred when paying employees who directly contribute to the creation of the products or services that consumers get. The salaries, payroll taxes, and other benefits provided by the manufacturer are all included in the cost of direct labor.
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A firm's information systems can influence the likelihood of partnering with other firms and its attractiveness as a merger or acquisition target.
a. True
b. False
True. The information systems of a company can influence its likelihood of collaborating with other companies as well as its attractiveness as a merger or acquisition target.
Information is a broad concept that refers to anything with the ability to inform. At its most basic, information is the interpretation of what can be sensed. Any natural process that is not fully random, as well as any observable pattern in any medium, can be said to communicate some degree of information. Whereas digital signals and other data employ discrete signs to express information, other phenomena and artifacts such as analog signals, poems, photographs, music or other sounds, and currents convey information in a more continuous manner. Information is not knowledge in and of itself, but the meaning that may be gained from a representation through interpretation.
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about+80%+of+all+wholesalers+are+__________.+they+typically+are+independent+companies+that+take+title+to+goods+that+they+resell+to+retailers.
About 80% of all wholesalers are merchant wholesalers They typically are independent companies that take title to goods that they resell to retailer.
Commercial wholesalers buy and sell goods on their own accounts. In other words, you take ownership of the items you sell. They typically operate from a warehouse or office location and may ship from their own inventory or arrange for goods to be shipped directly from the supplier to the customer.
There are generally two types of wholesalers: full-service wholesalers and limited-service wholesalers.
Wholesale means buying goods in bulk from a manufacturer at a discount, selling them to a retailer at a higher price, who repackages them and resells them in small quantities to consumers at a higher price.
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sales on account (all are collectible) amounted to $560,000 during 2022. accounts receivable were $112,000 on january 1, 2022 and $98,000 on december 31, 2022. how much cash was collected from customers during the year ended december 31, 2022?
On January 1st, 2022, accounts receivable were $112,000, and on December 31st, 2022, they were $98,000. Customers provided $574,000 in cash during the fiscal year that concluded on December 31, 2022.
What is an account receivable?The balance of money owed to a business for goods or services delivered or utilized but not yet paid for by clients is known as accounts receivable (AR). On the balance sheet, accounts receivable are shown as a current asset. Any sum of money that clients owe for purchases they made using credit is known as AR.
The term "accounts receivable" describes the unpaid bills or cash that customers owe a business. The term describes accounts that a company is entitled to get since it has provided a good or service.
Receivables, also known as accounts receivable, are a company's line of credit that typically have terms that call for payments to be made within a reasonably short time frame. A few days to a fiscal or calendar year are usually included.
Calculation:
This formula should be used in order for us to calculate how much money was received in 2022:
Cash collected equals the sum of original sales on receivables plus account-ending receivables in the formula.
Money received for the year 2022 = $112,000 + $560,000 - $98,000 = $574,000
The total cost is therefore $574,000.
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Are the Black Friday deals really that good?
Black Friday is a good deal, but not every deal will be a good one. It means that simply because an item is on sale doesn't guarantee that it's the best deal.
The day after the American Thanksgiving holiday, known as Black Friday, has historically been a holiday in and of itself for many workers. It is generally a day full of lots with exclusive sales and special deals and is considered as the start of the Christmas shopping season.
Black Friday is celebrated on Friday in the fourth week of November. This year, Black Friday is celebrated on November 25th, 2020. After Thanksgiving day on thursday, November 24th, 2022.
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an age structure diagram plots the number or percentage of ________.
An age structure diagram plots the number or percentage of the economic status of reproductive males and females
Income can be measured in a number of ways, including family income, asset valuations, and subjective assessments of economic pressures. At the neighborhood and community level, federal poverty thresholds, supplemental poverty indicators, and poverty indicators are It can be assessed locally. level.
Social class is a marker of one's position within society in terms of socioeconomic status. Socioeconomic status is usually defined by a combination of economic income and educational and occupational level.
People with high SES have access to more health knowledge, better housing and nutrition, and better health care (Adler & Snibbe, 2003). Many people with low SES are exposed to greater environmental hazards through their homes. H. Leading or by their work, d. H. Poisonous gas (APA, 2007).
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6. Hope's contribution to her RETIREMENT plan...
Based on Hope's check, her contribution to her RETIREMENT is pre-tax and therefore not included in federal income taxes.
What does the check say?
The check notes that Hope's retirement contribution is not included in her federal taxable income.
This means that the contribution is paid pre-tax and will not be liable for federal income taxes. She will most probably pay taxes on the retirement fund when she withdraws from it.
Federal income taxes- There are seven federal tax brackets for the 2022 tax year: 10%, 12%, 22%, 24%, 32%, 35%, and 37%. Your filing status and taxable income determine your tax bracket.
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taken together, the phillips curve and okun’s law imply that there is a ______________ relationship between ______________ and unemployment.
Taken together, the phillips curve and okun’s law imply that there is a negative relationship between unemployment and unemployment.
The time period unemployment refers to a scenario where a person actively searches for employment but is not able to find work. Unemployment is considered to be a key degree of the health of the economy. The maximum frequently used measure of unemployment is the unemployment price.
TYhose include: economic increase; cyclical and structural elements; demographics; education and schooling; innovation; hard work unions; and industry consolidation further to macroeconomic and person firm-associated factors, there are character-associated elements that have an impact on the danger of unemployment.
Unemployed people no longer best lose earnings but additionally face demanding situations to their bodily and mental fitness. There are societal prices of high unemployment. Governmental costs pass past the charge of blessings to the lack of the manufacturing of people, which reduces the gross home product (GDP).
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How do you record adjusting entry for income tax?
For the adjusting entry, you debit the appropriate expense account for the amount you owe through the end of the accounting period so this expense appears on your income statement.
How do you record adjusting entry for income tax?To have this charge appear on your income statement, you debit the relevant expense account for the amount you owe up until the end of the accounting month.To show that you owe this money on your balance sheet, you credit the appropriate payables or liabilities account. You may know the gross amount or the taxable amount of an entry when you make a journal entry with tax.The system determines the taxable amount and the tax if you enter the gross amount.The system computes the gross amount and the tax if you enter the taxable amount. Five different categories of adjusting entries accrued income.An accumulated revenue adjustment must be made when revenue is generated in one accounting period but not recognized until a subsequent period.accumulated costs.Retained earnings.Paid in advance costs.expenditures for depreciation.To learn more about adjusting entry refer
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charlie, being environmentally conscious, wanted to reduce the number of printed copies of his company's annual newsletter. therefore, he printed a few copies and kept them on the reception counter for the office guests to read. what format should he use instead, if he truly wants a green company?
Charlie should use online format instead, if he truly wants a green company. Companies that utilize green marketing emphasize how their goods or services are good for the environment.
What is the meaning of green company?A green business makes the assertion that its actions minimize harm to the environment. Many businesses are taking steps to become more environmentally conscious or "green" as global warming picks up speed and is discussed by world governments more frequently.
Improving brand reputation, consumer loyalty, and employee morale are less obvious advantages. Patagonia, Starbucks, Nike, IKEA, and Timberland are a few of the businesses that are renowned for having some of the best instances of green marketing.
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Cnn projected __ competitive seats in the house and __ competitive seats in the senate.
CNN- Less than six weeks remain until Election Day, and campaigners are testing the viability of the 2022 election by flooding the airwaves in crucial areas with advertising about abortion, crime, and inflation.
President Joe Biden was initially the focus of the campaign, making him an obvious target for Republicans who needed to pick up only one additional seat to take control of the chamber's evenly divided chamber. Then, as Republicans battled to defend their support for an abortion verdict that the majority of the nation opposed, the US Supreme Court's decision in late June reversing Roe v. Wade allowed Democrats the chance to draw a contrast. The constant media attention given to former president Donald Trump provided Democrats with a new adversary.
However, the enthusiasm that some Democrats felt at the end of the summer, following Biden's legislative victories and the inspiring high court decision, has been slightly dampened by the much-anticipated tightening of some important races as political advertising ramps up on TV and voters tune in after Labor Day.
For all 435 House seats, CNN's Election Center uses pre-election race ratings from Inside Elections with Nathan L. Gonzales. All 435 members in the House are up for election every two years. Democrats held 220 of the 435 seats in the US House as of the election, while Republicans held 212 seats with three vacancies.
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