The change in the Equilibrium price of the Milk which has an inelastic demand will tend to increase in both the milk and steak markets. Hence, option C is appropriate.
What is an Equilibrium Price?The equilibrium price is the process in which both the economic and the standard process also get along the normalcy here, in an economical way. The equilibrium price is a process whereby the supply and demand, both these aspects are the same for a commodity that is in the market.
The Equilibrium Price in when for a product the supply and demand are the same, these supply or demand changes. All these lead to the finding of the aspect that if an object is strictly not able to be moved out of the way due to the process of External Elements which might act as a catalyst and change.
The Equilibrium Price is very much significant in its way. It helps to analyze the economical aspect of the market. Hence, option C is correct.
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During a national debate on changes to health care, a cable news service performs an opinion poll of 480 small-business owners. It shows that 43% of small-business owners do not approve of the changes.
a. Compute the 99% confidence interval for the population proportion of small-business owners who do not approve of the changes (Round your answers to 3 decimal places.)
The Computation of the 99% confidence interval for the population proportion is
CI=(0.3718, 0.4882)
This is further explained below.
What is a confidence interval?Generally, In this section, we will construct the confidence interval for a percentage based on:
[tex]\hat{p} = 0.43 \ and \ 1 - \hat{p}[/tex]
[tex]\hat{p} = 0.57[/tex]
Where p is sample proportion
The Z-score, which has two tails, is at
[tex]\alpha = 1-0.99 \\\\ \alpha= 0.01[/tex]
z= 2.576
n = 480
Alpha is the significance level
z =z-score
n =sample size
The CI is given by the equation:
[tex]\hat{p} \pm ME, where ME = Zcritical * \sqrt{\frac{\hat{p}{(1 - \hat{p})}}{n}} \\\\= 2.576 * \sqrt{\frac{0.43*0.57}{480}}[/tex]
= 0.0582
Where
ME is the margin of error
The Lower Limit = 0.43 - 0.0582 = 0.3718
The Upper Limit = 0.43 + 0.0582 = 0.4882
CI=(0.3718, 0.4882)
The confidence interval for the percentage of people who are opposed to health care reform is 0.3718 and 0.4882
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You are a mid-level manager at a water distillation and filtration plant that provides five gallon bottles of water to consumers and businesses. Your organization produces three types of water that are marketed:
Distilled bottles (7$/bottle) that are typically used by businesses in the medical and chemical industries
Spring bottles (5$/bottle) that are typically used by consumer households
Artesian bottles (10$/bottle) that are typically used by high-end hospitality businesses
Unfortunately, your production plant suffered a mechanical breakdown. One of the lines is not operational, and therefore one of the specific types of water will not be produced for one month. Recognizing that it is off-season for tourists in your region, your direct manager has decided to stop production of Artesian water. You are tasked with emailing your largest hospitality client, Golden Mango Resort. You must inform them that you will not be able to provide their Artesian water order. It is possible that you may substitute their ordered water for another type of water. How are you going to deliver the bad news?
The appropriate way to inform the hotel about the breakdown situation of the production plant and the proposal to solve the problem caused to the hotel is by means of a letter in formal and proactive language.
What is a letter?A letter is a term to refer to a means of written communication through which we can send a message to another person. Letters were a means of communication used for much of history. However, in recent years they have been replaced by emails and instant messages.
How to write a formal letter?A formal letter is generally a document that a sender sends to a receiver to formally inform, request or communicate a specific event. Generally, this type of language is used in the workplace between companies, employee - employer, students - teachers, scientists, entrepreneurs or others.
Sample formal letter for Golden Mango ResortSan Francisco, CA. St 7 - 54
October 18, 2022
Margaret Brennan.
Cordial greetings Mrs. Margaret Brennan, I respectfully communicate with you to inform you that in recent days one of our production plants suffered a mechanical breakdown and its repair will take at least a month to return to producing the amount before.
In response to this situation, the directors of our company have made the decision to pause the production of artisanal water bottles that we had been selling to Golden Mango Resort given the low number of tourists in the region. Due to the above, we will not be able to fulfill your request for artisanal water from the last month.
On the other hand, we want to offer you an alternative with our line of spring bottles that are half the value of craft bottles. I apologize in advance for this situation and await your response.
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The national identities of products are blurring due to the effect of furloughing,nearshoring, or downsizing
Due to globalization's effects on downsizing, nearshoring, and furloughing, the national identities of products are becoming less distinct.
What makes globalization so crucial?The movement of goods, technologies, information, and jobs between countries is referred to as globalization. Globalization gives businesses in industrialized countries a competitive advantage. Globalization also benefits developing nations since they often have a lower cost of living, which attracts employment.
What three forms of globalization are there?globalization of the economy. The coordination of financial trade and the integration of global financial markets are the main topics here.
globalization of politics.
a globalization of culture.
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difference between the liquid asset ratio and the current ratio from an analysis
viewpoint.
Answer:
Current Ratio
Liquid Ratio
Definition
The Current Ratio is the ratio between the Current Assets and the Current Liabilities of a company.
The Liquid Ratio is the ratio between the Liquid Assets and the Current Liabilities of a company.
Purpose
The Current Ratio helps the firm assess its capability to meet any short-term obligations that may arise while conducting business.
The Liquid Ratio helps a firm assess its capability to meet any urgent requirements for cash that may arise while conducting business.
Current Assets
The Current Ratio includes all the Current Assets of the business.
The Liquid Ratio includes only those Current Assets that the firm can liquidate to cash within the next ninety days.
Inventory
The Current Ratio includes the inventory stock of a firm.
The Liquid Ratio excludes the inventory stock of a firm.
Ideal Ratio
Although anything more than 1 is the ideal scenario for a company, a Current Ratio of 2:1 is preferable.
The ideal Liquid Ratio for a company is more than 1.
Approach for Paying Debt
The Current Ratio is a much more relaxed method of finding out whether a company can repay its creditors in case of an emergency.
The Liquid Ratio is a much more stringent method of finding out whether a company can repay its creditors in case of an emergency.
Comparison
The Current Ratio will be naturally higher for a company that has a higher stock of inventory.
The Quick Ratio will be naturally lower for a company that has a higher stock of inventory.
Jack has just purchased his first surfboard from ABC Surf Shop (ABCSS), in Waikiki. While walking down Kuhio St., on his way home with his new surfboard, Jack hears someone call out his name. Jack immediately turns around and unbeknownst to Jack, Sarah is right behind him and gets hit in the face with Jack’s new surfboard. Sarah is rushed to the hospital emergency room with a concussion and a broken tooth. The cost of the emergency room visit was $1,200 and the dental work cost $4,000.
The issue that we are presented with here is that Jack has caused Sarah to be injured mistakenly because he was called from behind by her. The rule would be for him to take her to the clinic. The conclusion is that no party is at fault.
What is the summary of the situation that we have here?The summary on this situation is that an injury has occurred and the source of the injury is Jack. But unlike other situations that he may be held liable, the situation that led to the problem tells us that it was a mistake.
The issue
The issue is that Sarah has gotten injured through Jack after she called him from the back. He may have been startled by her.
The rule 'The rule that is to be applied here would be for Jack to effectively and immediately take her to the hospital so that she would get treated.
The conclusion
The conclusion that we can get from the scenario is that we cannot hold Jack liable for the injury. This was due to the fact that he did not act with the attempt to hurt her. He also did what was expected of him after the injury occurred.
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Complete question
IRAC Scenario
Jack has just purchased his first surfboard from ABC Surf Shop (ABCSS), in Waikiki. While walking down Kuhio St., on his way home with his new surfboard, Jack hears someone call out his name. Jack immediately turns around and unbeknownst to Jack, Sarah is right behind him and gets hit in the face with Jack’s new surfboard. Sarah is rushed to the hospital emergency room with a concussion and a broken tooth. The cost of the emergency room visit was $1,200 and the dental work cost $4,000.
Issue:
Rule:
Analysis:
Conclusion:
Supply Club, Incorporated, sells a variety of paper products, office supplies, and other products used by businesses and individual consumers. During July 2024, it started a loyalty program through which qualifying customers can accumulate points and redeem those points for discounts on future purchases. Redemption of a loyalty point reduces the price of one dollar of future purchases by 20% (equal to 20 cents). Customers do not earn additional loyalty points for purchases on which loyalty points are redeemed. Based on past experience, Supply Club estimates a 60% probability that any point issued will be redeemed for the discount. During July 2021, the company redeemed 12,200 points and sold additional product of $152,500, so it recorded $164,700 of revenue. The aggregate stand-alone selling price of the purchased products is $164,700. Seventy percent of sales were cash sales, and the remainder were credit sales.
Required:
1. & 2. Prepare Supply Club’s journal entry to record July and August sales. During August, customers redeem loyalty points on $73,200 of merchandise. Seventy-five percent of those sales were for cash, and the remainder were credit sales.
A journal entry is the record of the financial transaction of a business in its financial books.
(1)
Cash ($164,700 * 70%) 115,290
Accounts Receivable ($164,700 * 30%) 49,410
Sales revenue 163,053 Deferred Revenue - Loyalty Point 1,647
(2)
Cash (73,200 * 75% * 70%) 38,430
Accounts Receivable (73,200 * 25% * 70%) 12,810
To Deferred Revenue 16,470
To Sales Revenue 67,710
WORKING NOTES:
a) Price of loyalty points = (Loyalty points × Estimated redemption) =$12,200 × 20% × 60%
= $1,464
b) Total Stand−alone selling price
= Stand−alone selling price of the purchased product + Stand−alone selling price of the loyalty points
= $164,700+$1,464 = $166,164
c) Percentage of FMV for loyalty points
= (Total stand-alone selling price FMV of loyalty points)
= ($164,700 + $1,464 = $166,164) = 1%
d) Percentage of FMV for purchased products
= (Total stand−alone selling price FMV for purchased products) = ($164,700 + $1,464 = $166,164) = 99%
e) Revenue allocation for the purchased product
= Package amount of purchased products × Percentage of FMV for purchased products = ($164,700 × 99%) = $163,053.
(f) Revenue allocation for loyalty points
= Package amount of loyalty points × Percentage of FMV for loyalty points
= ($164,700 × 1%) = $1,647.
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A bike manufacturer sends out a poll for its customers to rank 9 bike brands. What are the chances that you guess, at random, the top 5 bike brands correctly and in the correct order?
The chances that you guess, at random, the top 5 bike brands correctly and in the correct order
1/15,120
This is further explained below.
What is Probability?Because there are five empty spaces that can be filled by nine different brands, we can fill the first item in nine different ways, the second item in eight different ways, the third item in seven different ways, the fourth item in six different ways, and the fifth item by five different ways, giving us the term for the total number of permutations. Logically speaking, the only possible valid sequence is 1.
Given the total number of bike brands, there should only be one permutation that results in the correct order.
In conclusion,
And, the total number of orders can be [tex]$=9 \times 8 \times 7 \times 6 \times 5=15,120$[/tex]
The opportunity to choose the proper sequence will be given.[tex]$=\frac{1}{15,120}$[/tex]
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Define what is meant by the term elasticity of demand
Answer:
The elasticity of demand refers to the degree to which demand responds to a change in an economic factor. Price is the most common economic factor used when determining elasticity. Other factors include income level and substitute availability. Elasticity measures how demand shifts when economic factors change.
Explanation:
What is the great resignation
Beginning in early 2021 in the wake of the COVID-19 outbreak, a widespread economic movement known as "The Great Resignation" saw employees willingly quit their jobs in large numbers.
What was the reason behind great resignation?The high rate of resignations among American workers that began in the spring of 2021, when there was a high demand for labor and a low unemployment rate but the COVID-19 pandemic's intensity was being lessened by vaccinations, is known as "The Great Resignation."Calculations indicate that the Great Resignation led to an uptick in inflation of up to 1.1 percentage points. It's interesting to see that the contribution to inflation increased as the pandemic problem grew worse. At its peak in May 2021, this inflationary pressure reached a plateau before dipping somewhat in September 2021.Learn more about COVID-19 here:
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hester (age 17) is claimed as a dependent by his parents, charlton and abigail. in 2022, hester received $10,120 of qualified dividends, and he received $13,120 from a part-time job. what is his taxable income for 2022?
The taxable income for 2022, given the amount that Hester received from his part time job, and qualified dividends, would be $10, 290
How to find the taxable income?To find the taxable income for Hester, you need to add up his income for the period and then deduct his deductions. If he claims no itemized deductions, then the standard deduction will apply.
Based on the fact that Hester is dependent on his parents, he should receive a different type of deduction but based on his income, he will receive the standard deduction for single filers in 2022.
The standard deduction that single filers get in 2022 is $12,950 which means that the taxable income to Hester for 2022 is:
= Qualified dividends + Income from part time job - Standard deduction
= 10, 120 + 13, 120 - 12, 950
= $10, 290
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The famous observation that households and firms interacting in markets act as if they are guided by an “invisible hand” that leads them to desirable market outcomes comes from whose 1776 book?
The famous observation that households and firms interacting in markets act as if they are guided by an “invisible hand” that leads them to desirable market outcomes comes from Adam Smith's 1776 book.
Who was Adam Smith?This man is the person that is regarded as the father of economics. He was the one that described the invisible hands. That is all of the factors that are known as the drivers of the demand and the supply in the nation.
The invisible hands according to him are the drivers that would enable the demand and the supply of goods in an economy to get to the stage of equilibrium.
Hence the solution is Adam Smith.
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A Hidden Champion Hidden champions is a term that was coined by a German business consultant, Hermann Simon. A hidden champion is a small to medium-sized company that is narrowly focused on a small, highly specialized market. Such companies are usually not well known, yet are very profitable. One example of a hidden champion is the French company Essilor. Staying the Course Essilor manufactures ophthalmic lenses, which is the formal name for contact lenses and lenses for eyeglasses. Over the years, Essilor has reinforced its single focus and avoided branching out into eyeglass retailing. Instead, the company concentrated its effort on going global. Today, Essilor is the industry's leader. Besides staying specialized and having a clear strategy, Essilor kept innovations coming. For example, Essilor invented progressive lenses. These alternatives to bifocal lenses have a gradual change in correction power from top to bottom. Like most other hidden champions, Essilor invests a notable four to five percent of its annual sales on research and development. Other characteristics of hidden champions include tight financial management, superior customer service, and foresight. How would you evaluate this hidden champion based on the 4 functions of business we learned in this lesson? Submit your complete evaluation to the dropbox titled: Business Opportunities
Nearly 30 years ago, Professor Hermann Simon first used the term "hidden champions."
What are the hidden champions of Germany?
A phenomenon in Germany. "Hidden champions" are privately held, extremely successful businesses with a minimal public profile, not even in Germany.
Many exceptionally successful businesses escape the attention of people whose business it is to know everything (media), understand everything (science), or improve everything, according to Professor Hermann Simon, who first used the term "hidden champions" about thirty years ago (consultants).
How many "hidden champions" exist?the psychology of money, success, and capitalism's influence. The term "hidden champions" refers to approximately 2,700 incredibly successful businesses, roughly half of which are German. Unlike large, publicly traded corporations, the majority of people have never even heard of them.
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Waterways Corporation is a private corporation formed for the purpose of providing the products and the services needed to irrigate
farms, parks, commercial projects, and private lawns. It has a centrally located factory in a US city that manufactures the products it
markets to retail outlets across the nation. It also maintains a division that performs installation and warranty servicing in six
metropolitan areas.
The mission of Waterways is to manufacture quality parts that can be used for effective irrigation projects that also conserve water.
By that effort, the company hopes to satisfy its customers, perform rapid and responsible service, and serve the community and the
employees who represent them in each community.
The company has been growing rapidly, so management is considering new ideas to help the company continue its growth and
maintain the high quality of its products.
Waterways was founded by Will Winkman who is the company president and chief executive officer (CEO) Working with him from
the company's inception is Will's brother, Ben, whose sprinkler designs and ideas about the installation of proper systems have been a
major basis of the company's success. Ben is the vice president who oversees all aspects of design and production in the company.
The factory itself is managed by Todd Senter who hires his line managers to supervise the fargory employees. The factory makes all of
the parts for the irrigation systems. The purchasing department is managed by Helen Hines
The installation and training division is overseen by vice president Henry Writer, who supervises the managers of the six local
installation operations. Each of these local managers hires his or her own local service people. These service employees are trained by
the home office under Henry Writer's direction because of the uniqueness of the company's products.
There is a small human resources department under the direction of Sally Fenton, a vice president who handles the employee
paperwork, though hiring is actually performed by the separate departments. Teresa Totter is the vice president who heads the sales
and marketing area; she oversees 10 well-trained salespeople.
The accounting and finance division of the company is headed by Ann Headman, who is the chief financial officer (CFO) and a company
vice president; she is a member of the Institute of Management Accountants and holds a certificate in management accounting She
has a small staff of accountants, including a controller and a treasurer, and a staff of accounting input operators who maintain the
financial records.
A partial list of Waterways' accounts and their balances for the month of November follows.
Accounts Receivable
Advertising Expenses
Cash
Depreciation-Factory Equipment
Depreciation Office Equipment
Direct Labor
Factory Supplies Used
Factory Utilities
Finished Goods Inventory, November 30
Finished Goods Inventory, October 31
Indirect Labor
Office Supplies Expense
Other Administrative Expenses
Prepaid Expenses
Raw Materials Inventory, November 30
Raw Materials Inventory, October 31
Raw Materials Purchases
Rent-Factory Equipment
Repairs-Factory Equipment
Salaries
Sales Revenue
Sales Commissions
Work In Process Inventory October 31
Work In Process Inventory, November 30
$275,500
54,400
258,900
16,700
2,400
41,600
17,000
10.200
69,300
72,100
48,100
1,700
72,500
41,400
52,400
38.200
185,300
47,200
4,600
324,900
1345,900
40,500
52,200
41.800
Answer:
Cost of goods manufactured schedule: $ Beginning raw materials inventory 38000 + Cost of raw materials purchased 184500 - Ending raw material inventory balance -52700 Raw Material used 169800 + Direct Labour cost 42000 + Manufacture
Which component of ethical decision making do you believe best explains student cheating: moral awareness, moral judgment, or moral intent? Why do you feel that way
The component of ethical decision making that best explains student cheating is moral conscience because it regulates student behavior.
What is moral conscience?Consciousness is a term that refers to the knowledge that an individual has of himself and his environment. Additionally, this term can refer to morality or the normal reception of internal and external stimuli by an organism.
What relationship does moral conscience have with student cheating?As previously explained, moral conscience refers to the individual's conception of his environment. Therefore, if a student perceives that cheating is okay because his classmates endorse him or because he himself considers that he has a logical explanation for cheating, he will surely believe that it is an action that is within social morality. However, to the general vision it is an unethical fact.
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Are interest or dividends taxable
In case your taxable hobby profits is more than $1,500 otherwise you received interest as a nominee for the real proprietor, you need to additionally consist of that earnings on agenda B (form 1040 or 1040-SR), interest and everyday Dividends and connect it on your tax go back.
Interest is charge from a borrower or deposit-taking monetary organization to a lender or depositor of an amount above reimbursement of the important sum, at a particular charge. It is distinct from a rate which the borrower may additionally pay the lender or some 1/3 party. Interest is the charge you pay to borrow cash or the cost you price to lend cash. Interest is most usually contemplated as an annual percentage of the quantity of a mortgage. This percentage is known as the hobby fee at the mortgage interest is described as the amount of cash paid for the usage of someone else's money. An example of interest is the $20 that became earned this yr for your financial savings account
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Create a Slideshow Presentation Use presentation software to create a slideshow presentation about the career. Your presentation should include the following:: The name of the career Some information you learned from the video Some information you learned from your own research Education a person needs to get this type of job Skills a person needs to get this type of job How people in this job use technology
i just need the info i don't need the slides i just need the format
The format to make the slideshow presentation about the career is that:
1st slide: An introduction of what career is, and talk about the career of your choosing.
2nd slide: the reasons why that career is important, short note on what you know about that career.
3rd slide: Who can do that job and what they need such as skills, degree, etc.
4th slide: Summary of the career presentation.
What is a slideshow presentation called?A PowerPoint presentation is another name for a PowerPoint slideshow.
Due to the fact that lectures and lesson plans typically start with slides, slide presentations are important.
Therefore, Considering the layout and design of your slide presentations can truly pay off because they can either clarify or bring low an instructor's vocal content.
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Which of the following statements is correct? (Pick One)
The correct statement is if supply decreases and demand decreases, there would be an indeterminate change in equilibrium price.
What is the correct statement?The supply curve is a positively sloped curve that shows the relationship between price and the quantity supplied. The demand curve is a negatively sloped curve that shows the relationship between price and the quantity demanded.
If supply decreases, the supply curve would shift to the left. Price would increase and supply would decrease. If demand decreases, the demand curve would shift to the left. Price and quantity would decrease. Taking both the decrease in supply and demand together, there would be an indeterminate change in price and and a decrease in equilibrium quantity.
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As shown in Exhibit 5-4, using the income approach, gross domestic product (GDP) is:
By using the income approach, a gross domestic product is calculated by summing the compensation of employees, taxes on production and imports (less subsidies on production), gross operating surplus and mixed income.
How to calculate GDP with the Income Approach?In economics, the income approach of measuring the gross domestic product is mainly based on the accounting reality that all expenditures in an economy should equal the total income generated by the production of all economic goods and services. The approach also assumes that there are 4 major factors of production in an economy and that all revenues must go to one of these sources.
In conclusion, when we add together all of the sources of income, then, a quick estimate can be made of the total production value of economic activity over a period and an adjustments will be made for taxes, depreciation, and foreign-factor payments.
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There are six workers, one at each of the six stations (A-F). They begin their workday at 8:00 a.m. and work steadily until 4:00 pm. (They are replaced with other workers for breaks and lunches, but the production is not slowed or stopped during these times.) Their hourly wage rate is $25 per hour. You can assume unlimited demand.
What are the direct labor costs (you can ignore any start-up or empty system effects)associated with producing one razor, in dollars?
The direct labor costs is $ 1500
What is Direct Labor Costs?
Wages paid to employees directly related to producing goods or rendering customer services are referred to as direct labor costs. The overall direct labor cost exceeds wages paid by a significant amount.
Any employee directly involved in a product's manufacturing is referred to as direct labor.
Calculation for What is the process capacity in razors/hour
Based on the information given we would be using process capacity of station D Assembly 3:
Process capacity of D = 1/60*60sec * 60 mins
Process capacity of D = 1/60*3600 razors per hour
Process capacity of D = 60
Therefore, the process capacity in razors/hour will be 60.
Since, their hourly wage rate is $25 per hour. Therefore, the direct labor costs is
= 60 * 25
= $ 1500
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Networking is the most effective search method for finding job leads.
Please select the best answer from the choices provided
10
OT
OF
The given statements of networking is true.
Networking
Making relationships with others who have similar interests for social or business goals is referred to as networking. More often than not, it is the moniker offered to business contacts in order to advance one's professional career. People typically join networking organisations based on a single common interest shared by all members. A professional affiliation, such as stockbrokers, is the most visible. Nonetheless, some people find excellent networking opportunities through a college alumni association, a social group at a church or synagogue, or a private club.
Professionals may network in order to identify contacts who can assist them with future business or career opportunities. It is a highly successful method for generating employment leads and establishing career objectives.
Since A(true) is the correct answer.
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Required information
[The following information applies to the questions displayed below.)
The transactions listed below are typical of those involving New Books Incorporated and Readers' Corner. New Books is a
wholesale merchandiser and Readers' Corner is a retail merchandiser. Assume all sales of merchandise from New Books
to Readers' Corner are made with terms n/30, and the two companies use perpetual inventory systems. Assume the
following transactions between the two companies occurred in the order listed during the year ended August 31.
a. New Books sold merchandise to Readers' Corner at a selling price of $625,000. The merchandise had cost New Books
$445,000.
b. Two days later, Readers' Corner complained to New Books that some of the merchandise differed from what Readers'
Corner had ordered. New Books agreed to give an allowance of $11,000 to Readers' Corner. Readers' Corner also
returned some books, which had cost New Books $3,500 and had been sold to Readers' Corner for $5,000.
Just three days later, Readers' Corner paid New Books, which settled all amounts owed.
Required:
1. For each of the events (a) through (c), indicate the amount and direction of the effect on New Books in terms of the following items.
(Enter any decreases to account balances with a minus sign.)
Transaction
a.
b.
C.
Sales
Revenues
625,000
Sales
Returns
5,000
Sales
Allowances
11,000
Net Sales
Cost of
Goods Sold
445,000
Gross Profit
Solve for C.
When accounting for inventory through financial reporting, proper inventory valuation is crucial. The inventory balance of Readers' Corner will increase by $580,500 net.
What is meant by Inventory balance?Inventory Balance denotes the monetary amount of the Inventory as of the measurement date, based on the Seller's or one or more of its Affiliates' standard costs as described above for the purposes of such measurement.
The effects (direction and amount) of each transaction on the Inventory balance of Readers' Corner exist as follows:
Transaction Effects on Inventory Balance
a) +$595,000
b) -$14,500
c) None
Balance $580,500
The inventory balance will not contain the cash payment of $580,500 earned by Readers' Corner because the transaction does not concern the inventory account unlike transactions (a) and (b).
a) August 31: Cost of merchandise = $595,000
Inventory $595,000 Accounts Payable (New Books) $595,000
b) September 2: Trade Allowances = $14,500
Accounts Payable (New Books) $14,500 Inventory $14,500
c) September 5: Cash payment = $580,500
Accounts Payable (New Books) $580,500 Cash $580,500
Therefore, the inventory balance of Readers' Corner will increase by $580,500 net.
The complete question is:
The transactions listed below are typical of those involving New Books Inc. and Readers’ Corner. New Book is a wholesale merchandiser and Readers’ Corner is a retail merchandiser. Assume all sales of merchandise from New Books to Readers’ Corner are made with terms n/30, and the two companies use perpetual inventory systems. Assume the following transactions between the two companies occurred in the order listed during the year ended August 31. (a) New Books sold merchandise to Readers’ Corner at a selling price of $595,000. The merchandise had cost New Books $433,000.(b) Two days later, Readers’ Corner complained to New Books that some of the merchandise differed from what Readers’ Corner had ordered. New Books agreed to give an allowance of $14,500 to Readers’ Corner. (c) Just three days later, Readers’ Corner paid New Books, which settled all amounts owed. Indicate the effect (direction and amount) of each transaction on the Inventory balance of Readers' Corner. (Enter all amounts as positive values.)
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What is the main difference between a bank and a credit union?
a. Banks exist to make a profit; credit unions re-invest profit to benefit members.
b. Banks offer higher-yield interest rates than credit unions.
c. Unlike banks, credit unions do not have online banking.
d. More services are offered by banks than by credit unions.
The main difference between a bank and a credit union Banks exist to make a profit; credit unions re-invest profit to benefit members.
What is the primary distinction between a credit union and a bank?Although the two financial-institutions perform comparable functions, they each provide unique benefits to their members. The main distinction between a bank and a credit union is that the former is a for-profit organization, while the latter is a non-profit one.
Quizlet: What distinguishes a bank from a credit union?Banks are for-profit institutions that are paid by their investors and owned by a board of directors. Customers' money is insured by the FDIC (Federal Deposit Insurance-Corporation) in the event that a bank fails. Up to $250,000 in cash. Credit-unions are owned by their members and are not for profit.
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additional memory for your computer sells for $109.99 with a $10.00 mail-in rebate. what is the final price after the rebate if an envelope costs $0.35 and a 'forever' postage stamp costs $0.41? group of answer choices
The price of an envelope is $0.35, a "forever" postal stamp is $0.41, and if additional computer memory costs $109.99 and is eligible for a $10.00 mail-in rebate, the final price is $100.75.
What do you mean by rebates?In general, a rebate is a quantity of money that is credited or given back to a customer after a transaction is complete. In exchange for the purchase of a consumer good or service, a rebate may pay cashback.
A rebate is a special kind of purchasing discount that refers to a sum that is retroactively reduced, returned, or refunded. This form of sales promotion is frequently used by marketers as bonuses or incentives for product sales.
A "forever" postal stamp costs $0.41, an envelope costs $0.35, and additional computer RAM costs $109.99 after a $10.00 mail-in rebate.
After taking into account any discounts and rebates, we must compute the price.
The cost may be calculated as follows:
Cost = extra memory - mall rebate + envelope expenses + postage stamp costs
Cost=109.99-10.00+0.35+0.41
=$100.75
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All of the following developments would be considered material nonpublic information EXCEPT:
Information about a firm that has not been made public but that may have an impact on the share price is referred to as material nonpublic information.
The required details for material nonpublic information in given paragraph
Holders of material information that is not generally known are not permitted to use the knowledge for stock trading purposes. Sharing this information with anyone who utilize it to gain an advantage in the marketplace is likewise prohibited. It doesn't matter how or by whom the crucial private information was obtained, or even if the source was a worker for the firm. Assume, for instance, that someone tells a buddy about nonpublic material information that they learned from a family member.
All three parties involved may face charges if the buddy takes advantage of this insider knowledge to make money on the stock market.
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What is massinfluence
Mass influence is the actual force which is exerted by a media message, resulting in either a reinforcement or change in audience or individual beliefs.
As per the media Psychology, the effect of mass media on the manner, actions, and contemplations of the individuals and audiences is called mass influence. As, this influence can be thus negative or positive.
The certain types of mass media such as the radio, newspaper, magazines, the internet, and the television are said to be the influence. Thus, mass media has influenced education, public opinion, popular culture, and as well as the depiction of society.
Hence, technology used in order to reach a mass audience.
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1. According to Starbucks Chairman Howard Schultz, "Consumers now commonly engage in a cultural audit of [product and service] providers. People want to know your value and ethics demonstrated by how you treat employees, the community in which you operate." Discuss the concept of social responsibility marketing and how it impacts both companies and consumers.
Social responsibility makes the environment much more friendly as well as enhances the bond between the company and the employees.
Who is a consumer?The person who purchases a thing or receives a service is known as a consumer. A consumer is essentially someone who pays for a good or service.
According to the chairman, he suggested that consumer not only seize the product but also sees how the environment, as well as the employees, are being treated at this point in time. This increased the company's social responsibility which impacted both the companies as well as the consumers.
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Which of the following is a correct explanation for why the aggregate demand curve slopes downward?
a. As the price level decreases exports become more expensive overseas and imports become relatively less expensive domestically, and thus net exports rise.
b. As the price level decreases, the real value of cash balances increases total expenditures rise.
c. As the price level decreases consumers substitute more expensive goods for less expensive choices.
d. As the price level decreases the labor force increases
As the price level decreases, the real value of cash balances increases total expenditures rise is a correct explanation for why the aggregate demand curve slopes downward.
As the price level falls, real wealth or the value of money rises, or at lower prices, more items may be purchased for the same amount of money. As a result, a rise in wealth increases overall spending.
The aggregate demand curve moves to the right as aggregate demand rises. When AD is shifted to the right, the supply curve is cut at higher prices and higher output. Therefore, as aggregate demand rises, so do price and supply.
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You're looking into life insurance. If you don't want to pay premiums all your life but want a policy that is in force your entire life, which policy should you buy?
A.
limited–payment life policy
B.
whole life policy
C.
universal life policy
The policy that should be bought is the Limited payment life policy
A particular kind of whole life insurance called limited pay life insurance enables payment for the whole cost of the protection up front for a predetermined period of time. If a person has a whole life insurance policy but would want to pay for the whole cost of the premiums over a certain time period rather than throughout their entire life, they can choose limited payment life insurance.
When someone chooses this course of action, it is typically because they purchased a whole life insurance policy in their latter years. Suppose, however, that a person desires to be paid a monthly dividend or cash value from their insurance during retirement. In that situation, limited payment life insurance is a wise substitute since it does away with the requirement for retirement premium payments.
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Answer: a
Explanation: i got it right on edmentum
IALCST needs to focus in their conference preparations and advertisement campaign to ensure a successful conference attendance in the United States. Based on the description above, please share three to five potential segment groups, one target market group and one product to position.
As the organization needs to focus in their conference preparations and advertisement campaign to ensure a successful conference attendance in the United States. the three potential segmented groups(market) for the campaign includes:
Medical practitionersHealth and well-being awareness speakersMedical students.What is the Segmentation, Targeting and Positioning?In marketing, the STP approach is a critical step for developing successful reaching the right buyers with the right products and ultimately, continuing to have a successful business. It helps to make the overall marketing process more manageable as its divide the large target markets into smaller segmented groups.
The segmented groups of the market allows the marketing efforts to have unique appeal when positioning specific products toward these segmented targets. The STP approach also helps an organization to identify their most suited customers for your marketing efforts and then focus on or develop products that are customized for that segment.
In conclusion, the result is that products and customers are uniquely matched and the marketing campaign is even more personalized to the customers’ wants and interests.
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Propose ways on how Pacific Airlines may succeed in their organizational restructuring using the concept of organizational management levels.
If Pacific Airlines can guarantee that their employees are following the established procedures and not straying from them, together with the appropriate staffing of personnel according to skills, they may be successful in their organisational restructuring.
If Pacific Airlines makes sure that employees follow established protocols and do not deviate from them, including proper staffing of personnel according to talents, they may be successful in their organisational restructuring.
They must also maintain the ability to adapt to environmental changes that might necessitate changing the focus of their efforts. Finally, they must make sure that broad intentions are translated into actionable programmes.
Every time a topic of policy or procedure is evaluated, Pacific Airlines must also implement new processes and procedures as needed in the organisational tactics, including thinking and acting strategically. Similar to how organisational policy must be tightly matched with operational requirements.
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