Considering that Keandrea's supervisor supports the idea and wants to know the details quickly, she should use the organizational style known as a direct pattern.
What is the direct pattern?The direct pattern is a structure that follows the standard format of opening, main content, and closing. It's called the direct pattern because it delivers the main content right away. This style is ideal for good news or straightforward situations. It is most commonly used in letters, report, memos, and emails.
In the case presented, it is recommended that Keandrea uses the direct pattern because it can explain to the supervisor the details and main ideas quickly and effectively, so that the supervisor can learn the details in a short time.
See more about direct pattern at https://brainly.com/question/5613604.
#SPJ11
In 2024, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. The road was completed in 2026. Information related to the contract is as follows:
2024 2025 2026
Cost incurred during the year $ 2,640,000 $ 2,300,000 $ 2,926,000
Estimated costs to complete as of year-end 6,160,000 2,660,000 0
Billings during the year 2,080,000 2,860,000 5,060,000
Cash collections during the year 1,840,000 2,800,000 5,360,000Westgate recognizes revenue over time according to percentage of completion.
Required:
1. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years.
The amount of revenue and gross profit (loss) recognized in 2024 are $2,640,000 and $0.2025 respectively, in 2025 are $4,910,000 and $30,000.2026 respectively, and in 2026 are $10,000,000 and $134,000 respectively.
The calculation of revenue and gross profit (loss) to be recognized in each of the three years is discussed below:
Calculation for 2024:As the contract was entered in 2024, the percentage of work done would be (2,640,000 / 10,000,000) = 0.264 or 26.4%.
Revenue recognized would be 0.264 × $10,000,000 = $2,640,000.
Gross profit: Gross profit for the year 2024 would be $2,640,000 - $2,640,000 = $0.2025
As the work continues to be done, the revenue earned will be increased by the end of each year.
Calculation for 2025:As of 2025, the percentage of work done would be (2,640,000 + 2,300,000) / 10,000,000 = 0.491 or 49.1%.
Revenue recognized would be 0.491 × $10,000,000 = $4,910,000.
Gross profit: Gross profit for the year 2025 would be $4,910,000 - [(2,640,000 + 2,300,000)]= $30,000.2026
Calculation for 2026:As the work is completed in 2026, the percentage of work done is 100%.
Therefore, the revenue to be recognized would be $10,000,000.
Gross profit: Gross profit for the year 2026 would be $10,000,000 - [(2,640,000 + 2,300,000 + 2,926,000)] = $134,000.
Learn more about Gross profit:
https://brainly.com/question/942181
#SPJ11
suppose workers expect the price level to increase by 5%. the wage setting relationship predicts that (a) the nominal wage will increase by less than 5%. (b) the nominal wage will increase by exactly 5%. (c) the nominal wage will increase by more than 5%. (d) the real wage will increase by 5%. (e) the real wage will increase by less than 5%.
Answer: (a) The nominal wage will increase by less than 5%.
Suppose workers expect the price level to increase by 5%. The wage-setting relationship predicts that the nominal wage will increase by less than 5%. When the workers expect the price level to increase by 5%, the nominal wage will increase by less than 5%. The nominal wage is the amount of money paid to a worker on an hourly, daily, or weekly basis. The real wage is the wage that a worker earns after adjusting for the effects of inflation.
The relationship between the nominal wage and the price level is referred to as the wage-setting relationship. The nominal wage is affected by the price level, and the wage-setting relationship is used to predict the effect of changes in the price level on the nominal wage. In general, the wage-setting relationship predicts that nominal wages will increase by less than the increase in the price level.
This means that the real wage will decrease. The real wage is the nominal wage divided by the price level. This means that if the price level increases by 5%, the nominal wage would need to increase by more than 5% to maintain the same real wage. If the nominal wage only increases by 5%, the real wage will decrease by the same amount as the price level increase, resulting in a decrease in purchasing power for the workers.
Therefore, the wage-setting relationship predicts that the nominal wage will increase by less than 5% when the workers expect the price level to increase by 5%.
Learn more about Accounting here:-
https://brainly.com/question/1033546
#SPJ11
Assume that you manage a risky portfolio with an expected rate of return of 15% and a standard deviation of 40%. The T-bill rate is 5%.
Your risky portfolio includes the following investments in the given proportions:
Stock A 24 %
Stock B 33 %
Stock C 43 %
Your client decides to invest in your risky portfolio a proportion (y) of his total investment budget with the remainder in a T-bill money market fund so that his overall portfolio will have an expected rate of return of 13%.
a. What is the proportion y? (Round your answer to 2 decimal places.)
Proportion y ____
b. What are your client's investment proportions in your three stocks and the T-bill fund? (Round your intermediate calculations and final answers to 2 decimal places.)
Security Investment Proportions
T-Bills ____%
Stock A ____%
Stock B ____%
Stock C ____%
c. What is the standard deviation of the rate of return on your client's portfolio? (Round your intermediate calculations and final answer to 2 decimal places.)
Standard deviation ____% per year
The proportion y can be calculated using the formula:(15% - 5%) / (13% - 5%) = 1.33. The standard deviation of the rate of return on the client's portfolio is 53.20% per year.
The proportion y is 1.33, which means that the client should invest 133% of his budget in the risky portfolio and borrow the remaining 33% at the risk-free rate of 5% to achieve an expected rate of return of 13%. The investment proportions in the three stocks and the T-bill fund can be calculated as follows:
Stock A: (0.24 x 1.33) / 1.33 = 0.24 or 24%
Stock B: (0.33 x 1.33) / 1.33 = 0.33 or 33%
Stock C: (0.43 x 1.33) / 1.33 = 0.43 or 43%T-bills: 0.33 or 33%The standard deviation of the rate of return on the client's portfolio can be calculated using the formula:
σp = √[(yσr)² + ((1-y)σf)² + 2y(1-y)Cov(r,f)]
where σr = 40% (the standard deviation of the risky portfolio), σf = 0% (the standard deviation of the risk-free asset) Cov(r,f) = 0% (the covariance between the risky portfolio and the risk-free asset, which is zero) Substituting the values,σp = √[(1.33 x 40%)² + ((1-1.33) x 0%)² + 2(1.33)(1-1.33)(0%)], σp = √[(53.2)² + (0)² + (0)], σp = √(2,831.24),
σp = 53.20% .
For more questions on standard deviation
https://brainly.com/question/475676
#SPJ11
Inflation has significant long-run effects on the economy because:
A. it can enhance the purchasing power of a fixed income.
B. it distorts the price signal and produces incentives for speculation.
C. it can lead to an improvement in real values.
D. creditors can gain from inflation.
B. it distorts the price signal and produces incentives for speculation. Inflation distorts prices and encourages speculation, leading to long-term economic effects.
Excessive inflation can have significant long-term effects on the economy as it distorts the price signal and creates incentives for speculation. Inflation makes it difficult for consumers and producers to distinguish between real changes in market demand and supply versus changes driven by inflation, causing inefficiencies in the allocation of resources and reducing economic growth. Additionally, inflation creates incentives for individuals to invest in assets expected to retain value, exacerbating the distortion of prices and resulting in the misallocation of resources. Overall, inflation undermines economic efficiency and growth potential, making it an important consideration for policymakers.
learn more about Inflation here:
https://brainly.com/question/30112292
#SPJ4
The stockholders' equity accounts of Vaughn Company have the following balances on December 31, 2020.
Common stock, $10 par, 281,000 shares issued and outstanding: $2,810,000
Paid-in capital in excess of par-common stock: 1,220,000
Retained earnings: 5,600,000
Shares of Vaughn Company stock are currently selling on the Midwest Stock Exchange at $34.
Prepare the appropriate journal entries for each of the following cases. (Credit account titles are automatically Indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.)
(a) Astock dividend of 6% is (1) declared and (2) issued.
(b) A stock dividend of 100% is (1) declared and (2) issued.
(c) A2-for-1 stock split is (1) declared and (2) issued.
The answer to this question is as follows: Journal Entries for (a) A stock dividend of 6% is declared and issued:
The calculation of the stock dividend is: $2,810,000 × 6% = $168,600. 281,000 shares × 6% = 16,860 shares, with a market value of $34 per share or $573,240 in totaled. Retained Earnings $168,600Cr. Common Stock Distributable $28,100Cr. Paid-in Capital in Excess of Par - Common Stock Distributable $140,500Cr. Paid-in Capital from Stock Dividend Distributable $573,240Journal Entries for (b) A stock dividend of 100% is declared and issued:The calculation of the stock dividend is: 281,000 shares × 100% = 281,000 new shares, with a market value of $34 per share or $9,554,000 in total.Dr. Retained Earnings $2,810,000Cr. Common Stock Distributable $2,810,000Dr. Paid-in Capital in Excess of Par - Common Stock $6,744,000Cr. Common Stock $6,744,000Journal Entries for (c) A 2-for-1 stock split is declared and issued: After the stock split, Vaughn Company would have 562,000 common shares outstanding, with a $5 par value and a $34 market price per share.No journal entries are needed.
Read more about Company here:https://brainly.com/question/25818989
#SPJ11
A self-liquidating ________ is one in which the extra merchandise is offered at a savings over retail price but at a level that covers the cost of the item.
A self-liquidating promotion is one in which the extra merchandise is offered at a savings over retail price but at a level that covers the cost of the item.
What is a Self-Liquidating Premium?A self-liquidating premium is a type of sales promotion. A sales promotion is a marketing strategy that encourages people to buy a product or service. A self-liquidating promotion is a type of sales promotion that pays for itself.A self-liquidating premium is a free item given to customers when they buy something. The free item is a type of reward or incentive for making the purchase. The extra merchandise is offered at a savings over the retail price but at a level that covers the cost of the item.
What is the purpose of Self-Liquidating Premiums?The purpose of self-liquidating premiums is to generate sales. They are used to increase customer traffic and sales at retail stores. When customers see the extra merchandise, they are more likely to make a purchase. The free item is a type of reward for making the purchase.Self-liquidating premiums are used in many different industries. They are used in retail, food service, and entertainment. They are used to encourage people to buy food, drinks, and tickets. They are used to increase sales of clothing, electronics, and other products.
Learn more about sales promotion here: https://brainly.com/question/14772910
#SPJ11
Companies sometimes spend millions to move location:
A. for pleasant scenery
B. to be near vacation spots
C. at a supplier's request
D. for proximity to customers
Companies sometimes spend millions to move locations for better proximity to customers.
What is a company? A company is an organization or association of persons for the purpose of conducting business or commercial activities. A corporation's purpose is to make a profit by providing goods and services that people want or need. A company has a legal identity that is distinct from its owners and is, in fact, a separate person for the purposes of the law.
What is a location? The physical location or place where a business, service, or other entity is located is referred to as its location. The place or position where something is or occurs is referred to as a "location." A location is the physical setting in which something exists, such as a company, a building, or a particular site. A location is where you are in a physical sense.
Answer: Companies sometimes spend millions to move locations for proximity to customers.
To learn more about “company” refer to the https://brainly.com/question/26106218
#SPJ11
critically evaluate hotel elegante distribution strategy, is it appropriate?. can you think of any other gds strategies which hotel elegante might embrace or should considering in light of emerging technologies?
Because the hotel's distribution strategies i focused on consumer interest for room booking and provides accessible and convenient services. Their distribution is considered highly effective and profitable for the company.
Is the Hotel Elegante distribution strategy appropriate or not?Hotel Elegante's distribution strategy has proven to be highly effective. It provides businesses with a diverse set of distribution channels to choose from, as well as alternatives tailored to their clients' preferences. The consumer-focused initiative fosters brand loyalty through ease of use, convenience, and adaptable alternatives.
Combining Sabre and Galileo appears to be an excellent strategy because it covers a wider range of booking system distribution mechanisms. Galileo primarily works with online airlines, whereas Sabre handles everything from airlines to hotels to vehicle rentals.
As a result, Hotel Elegante may be able to cast a wider net and reach a wider range of potential customers. Hotel Elegante may want to consider Abacus GDS, which focuses on domestic and global partnerships, in order to expand its reach and consumer-centric principles.
This one-of-a-kind method may help Hotel Elegante reach a larger market while emphasizing the importance of relationship development and customer service and allowing them to expand their connections through all of these domestic and international relationships.
Read more about distribution strategy
brainly.com/question/29844326
#SPJ1
select the agency or method (direct) that is used to collect royalties for a mechanical license. a. a public performance organization (ascap), (b.m.i.), (gmr), or (s.e.s.a.c.) b. the harry fox agency (h.f.a.) c. the william morris agency the mechanical licensing collective (m.l.c.) d. sound exchange the recording industry association of america (r.i.a.a.) e. no representation organization/license must be acquired with direct negotiations.
The correct answer is option B, The Harry Fox Agency (HFA). HFA is an organization that helps to secure and administer mechanical licenses for the reproduction of copyrighted works.
It works directly with copyright owners and publishers to collect royalties for mechanical licenses, and acts as a middleman between the two parties to ensure that the copyright owners are paid properly for the usage of their works. HFA also works with digital service providers to help them acquire the proper mechanical licenses for their content. In addition, it provides services for registration and tracking of copyrighted works and royalty payments. The other options listed in the question are all organizations that provide services related to public performance, such as collecting performance royalties from radio, TV, clubs, etc. They are not responsible for mechanical licenses.
For more questions on licenses
https://brainly.com/question/10719460
#SPJ11
Match the action needed to increase profits with the reason a business might fail.A small company, especially a store, usually has a better chance of succeeding if it is in an area with other businesses because it can draw in new customers.A) poor managementB) competitionC) bad locationD) finances
The action needed to increase profits with the reason a business might fail, A) poor management-Having poor.....to fail. B) competition - Having too much....stay afloat, C) bad location - Having a.... leading to failure, D) finances - Not having..... in failure.
A) poor management - Having poor management can lead to a lack of productivity and efficiency, resulting in lower profits and eventually causing the business to fail.
B) competition - Having too much competition can lead to a decrease in profits, resulting in the business not being able to stay afloat.
C) bad location - Having a bad location can result in a business not being able to draw in customers, leading to lower profits and eventually leading to failure.
D) finances - Not having enough funds to stay operational can lead to a business not being able to stay afloat, resulting in failure.
For more such questions on business
https://brainly.com/question/24553900
#SPJ11
true or false: a consequence of technological advances on organizations is the ongoing collection of data that is placed in a data warehouse and is available as primary data that could be useful for understanding business problems and for improving decisions.
The given statement is "a consequence of technological advances on organizations is the ongoing collection of data that is placed in a data warehouse and is available as primary data that could be useful for understanding business problems and for improving decisions" is True.
By having access to a data warehouse, organizations can understand customer needs, make informed decisions about products and services, and even determine which markets to enter.
A data warehouse is a database that is used to store large amounts of data from a variety of sources. This data can include sales figures, customer information, market research, and other types of data. All of this data is collected and stored in the data warehouse and is then used by the organization to analyze and improve their operations.
Data warehousing allows organizations to gain a better understanding of their customers and their market. This can help them make decisions about what products and services to offer and where to target their marketing efforts. It can also be used to identify areas of improvement in the organization and develop strategies for increasing efficiency and profitability.
In conclusion, data warehousing is an important consequence of technological advances on organizations. It allows organizations to collect, store, and analyze large amounts of data, which can be used to improve operations and make better decisions.
To learn more about business here:
https://brainly.com/question/24553900#
#SPJ11
When an advertiser is assessing an advertisement's impact through pretesting, what is most likely to be measured?
1) whether or not the ad is likely to be recalled by the audience
2) whether or not the firm is making any money on the product or service in the ad
3) whether or not the ad is going in one medium or multimedia
4) whether or not the various elements in the proposed ad match the intended message
When an advertiser is assessing an advertisement's impact through pretesting, the most likely factor that will be measured is whether or not the various elements in the proposed ad match the intended message. Therefore, option 4 is the correct answer.
Pretesting is a strategy used in the advertisement process to evaluate an ad's potential effectiveness and help identify areas that require modification before the ad is released. It's usually done with small groups of individuals before the ad is launched to a wider audience.
There are various measures that an advertiser can use to pretest their ad. They include the following:
whether or not the ad is likely to be recalled by the audience, whether or not the firm is making any money on the product or service in the ad, whether or not the ad is going in one medium or multimedia, and whether or not the various elements in the proposed ad match the intended message.However, the primary goal of pretesting is to ensure that the ad is appropriately targeted to the right audience and meets the communication objectives.
Learn more about Pretesting at https://brainly.com/question/30049288
#SPJ11
Provenzano Corporation manufactures two products: Product B56Z and Product D32N. The company is considering implementing an activity-based costing (ABC) system that allocates its manufacturing overhead to four cost pools. The following additional information is available for the company as a whole and for Products B56Z and D32N.
Activity Cost Pool Activity Measure Total Cost Total Activity
Machining Machine-hours $ 330,000 15,000 MHs
Machine setups Number of setups $ 50,000 100 setups
Product design Number of products $ 88,000 2 products
Order size Direct labor-hours $ 280,000 10,000 DLHs
Activity Measure Product B56Z Product D32N
Machine-hours 6,000 9,000
Number of setups 80 20
Number of products 1 1
Direct labor-hours 6,000 4,000
What is the activity rate for the Machining activity cost pool?
rev: 03_17_2018_QC_CS-119201
Multiple Choice
$55.00 per MH
$36.67 per MH
$22.00 per MH
$74.80 per MH
The activity rate for the Machining activity cost pool is $55.00 per MH.
Activity rates are used to determine an organization's efficiency in using its assets to generate cash and income. This ratio is used to ascertain the level of investment in the asset and the income it generates. For this reason, utilization rate is also called utilization rate or turnover rate.
The role of activity and turnover rates in reviewing inventory, fixed assets, accounts receivable, and evaluating business efficiency. This can be calculated by dividing the total cost of the Machining cost pool ($330,000) by the total activity (15,000 Machine-hours).
Therefore, the activity rate is $330,000 / 15,000 MHs = $55.00 per MH.
Learn more about Activity rates: brainly.com/question/13809575
#SPJ11
In 2024, DFS Medical Supply collected rent revenue for 2025 tenant occupancy. For income tax reporting, the rent is taxed when collected. For financial statement reporting, the rent is recorded as deferred revenue and then recognized as revenue in the period tenants occupy the rental property. The deferred portion of the rent collected in 2024 amounted to$490,000at December 31,2024 . DFS had no temporary differences at the beginning of the year. Required: Assuming an income tax rate of25%and 2024 income tax payable of$940,000, prepare the journal entry to record income taxes for2024.Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Note: Enter debits before credits.
The journal entry to record income taxes for 2024 is as follows:
Debit: Income Tax Expense 950,000
Debit: Deferred Tax Liability 122,500
Credit: Income Taxes Payable 827,500
Deferred portion of rent collected in 2024 = $490,000 Income tax rate = 25% Income tax payable = $940,000
Step 1: Calculate the amount of revenue deferred in 2024 that will be taxable for income tax purposes in 2024.Deferred revenue for 2024 = $490,000
Taxable portion of revenue deferred in 2024 = $490,000 * 25% = $122,500
Step 2: Record the income tax expense for 2024.Income Tax Expense = 2024 income tax payable + Current portion of deferred taxes = $940,000 + $122,500 = $1,062,500
Debit Income Tax Expense account with $1,062,500
Step 3: Record the deferred tax liability for 2024. Deferred Tax Liability = Taxable portion of revenue deferred in 2024 = $122,500 Credit Deferred Tax Liability account with $122,500Step 4: Record the income taxes payable for 2024. Income Taxes Payable = Income tax payable - Current portion of deferred taxes = $940,000 - $122,500 = $827,500Credit Income Taxes Payable account with $827,500
Therefore, the journal entry to record income taxes for 2024 is as follows:
Debit: Income Tax Expense 950,000
Debit: Deferred Tax Liability 122,500
Credit: Income Taxes Payable 827,500
Learn more about deferred revenue here: https://brainly.com/question/14834977
#SPJ11
business plan software packages a. spawn creativity and flexibility on the part of the entrepreneur. b. offer a simple formula that leads startups to success. c. focus mostly on preparing slides to present the business concept to prospective investors. d. help an entrepreneur think through the important issues in starting a new company.
D. Business plan software packages help an entrepreneur think through the important issues in starting a new company.
Business plan software packages are designed to guide entrepreneurs through the process of creating a comprehensive business plan
What is Software Packages?
Software packages are pre-written computer programs or collections of programs that can be installed and used by individuals or organizations to perform specific tasks or functions.
Software packages are designed to help users solve specific problems or complete particular tasks. Examples of software packages include word processing software, spreadsheet software, presentation software, accounting software, graphics software, and many others.
These software packages provide tools and resources to help entrepreneurs think through the important issues in starting a new company, such as market analysis, financial planning, marketing strategy, and operations planning.
The software packages do not offer a simple formula that leads startups to success, as success depends on many factors, including market conditions, competition, management skills, and many other variables.
Learn more about Software Packages from given link
https://brainly.com/question/28458542
#SPJ1
assume you normally purchase 250 cases of vodka a month at an ap price of $67.50 per case. you could purchase a two-month supply at an ap price of $60.00 per case. if your ordering cost is $50.00 per order and your storage cost is 24 percent per year, approximately how much money would you save if you purchased the two-month supply?
Amount of money you would save if you purchased the two-month supply: $3,699.40.
To calculate how much money you would save:
1. Calculate the total cost for the normal 250 cases of vodka for two months:
250 cases x 2 months x $67.50/case = $33,750
2. Calculate the total cost for the two-month supply of vodka:
250 cases x 2 months x $60.00/case = $30,000
3. Calculate the total difference in cost between the normal purchase and the two-month supply purchase:
$33,750 - $30,000 = $3,750
4. Calculate the total additional cost of the two-month supply purchase:
$50.00 (ordering cost) + (storage cost of 24% per year x 2 months) = $50.00 + (0.24 x 2) = $50.60
5. Calculate the total amount of money you would save if you purchased the two-month supply:
$3,750 - $50.60 = $3,699.40
To know more about two-month supply , refer here:
https://brainly.com/question/11499172#
#SPJ11
company xyz had a long-standing relationship with a leading law firm. in fact, the law firm's business with this company was one of its most profitable relationships. if the law firm decides that it no longer wants to conduct business with the company, this is:
If the law firm decides it no longer wishes to conduct business with the company xyz, this would be known as a breach of long-standing relationship.
What is a breach of long-standing relationship?A long-standing relationship is a partnership that has existed for a long time. It might be between two individuals, businesses, or even governments. When a business relationship has lasted for an extended period, it is considered a long-standing relationship.
The goal of such partnerships is typically to establish mutual trust and dependability. Business partnerships or vendor contracts with established long-standing relationships can have a significant impact on profitability and stability.
When a long-standing partnership between a law firm and company xyz is terminated, it is known as a breach of long-standing relationship. It may occur as a result of various factors such as a change in management, a disagreement over business practices or objectives, or perhaps as a result of legal complications.
It may be as simple as one side deciding not to continue with the agreement or contract. Whatever the reason, when a long-standing partnership ends, it has a significant effect on both parties.
Learn more about breach of long-standing relationship here:
brainly.com/question/29638018
#SPJ11
all else constant, and assuming positive interest rates, an increase in the interest rate will cause the present value of some amount of money to be received in the future (for example, $1000 to be received exactly 15 years from today) to ____. and, all else constant, an increase in the number of periods (for example, $1000 to be received 20 years from today instead of 15 years from today) will cause the present value of some amount of money to be received in the future to____1) increase; increase 2) decrease; decrease . 3) decrease; increase 4) increase; decrease
Eddie's Electronics sells laptop computers for $450 cach. At this price, the store sells 325 laptops per month. Eddie's Electronics incurs a cost of $398 for each laptop it sells. Assume that this is the store's only cost. What are Eddie's Electronics' revenue and profit? Feedback You have not stered the correct revenue for Eddie's Electronics. Revenue is equal to price times quantity Revenue: $ 146250 Accounting Profit: $ 234000 Economic Profit Eddie recently received an offer from a big box store to purchase his business at a valuation of $100,000. If invested in the stock market, these funds could earn 0.6% return, on average, per month. Assuming the valuation is accurate and Eddy could earn $4,000 a month if he returned to his previous IT job, what are Eddy's monthly economic profits from running Eddie's Electronics?
Eddie's Electronics' Total revenue TR = $146,250 and Eddie's Electronics' profit is Profit = $16,900
Profit is nothing but/other than Total revenue (TR) - Total cost (TC).
TR is P × Q.
Price is given to be $450. Quantity is given to be 325 units. Cost per unit is $398.
TR= 450 × 325
TR = $146,250
Total cost = Cost per unit × total units sold.
TC = 398 × 325
TC = $129,350
Profit = $146,250 - $129,350
Profit = $16,900
Gross sales is the total revenue earned by a seller from selling goods or services to a buyer. It can be written as P × Q. This is the price of the item multiplied by the quantity of the item sold.
To learn more about Total revenue, here:
https://brainly.com/question/13000391
#SPJ4
Complete question:
Eddie's Electronics sells laptop computers for $ 450 each. At this price, the store sells 325 laptops. Eddie's Electronics incurs a $ 398 cost for each laptop it sells. Assume that this is the store's only cost. Round your answers to the nearest dollar. What is Eddie's Electronics' revenue? $ What is Eddie's Electronics' profit?
Haley just graduated from college. She accepted a position with a firm at an annual salary of $45,000. Using HUD guidelines, what is the maximum Haley should pay for rent on a O monthly basis? O A $13,500. O B. $4,500. O C. $1,125. O D. $1,500.
gold jewelers, a c corporation, has one shareholder. gold has a long-term note of $50,000 at an annual interest rate of 5%, which was outstanding the entire year. it distributes a $4,000 taxable dividend to its shareholder. its net income is $80,000, before considering any impact of the note or dividend on earnings. which of the following statements is true?
The correct statement is that the amount of interest expense on the note is $2,500. This is true for the following reasons: Interest expense is calculated by multiplying the amount of the loan by the annual interest rate (50,000 x 0.05 = 2,500). before any impact is considered, the net income is still $80,000.
Therefore, the interest expense for the entire year is $2,500.Gold's net income of $80,000 does not include any interest expense, so it must be added back. As a result, its earnings before taxes would be $82,500 ($80,000 + $2,500). As a result, the tax liability for the year is $17,860 ($82,500 x 21.6 per cent). Gold's tax liability would be reduced by the dividend distribution of $4,000, resulting in an actual tax liability of $13,860 ($17,860 - $4,000). As a result, the dividend distribution is taxed at a 20% rate. Therefore, the gross dividend is $5,000 ($4,000 / 0.80). The answer to this question is that the amount of interest expense on the note is $2,500.
For more such questions on interest expense
https://brainly.com/question/12553420
#SPJ11
Generally, interest income is taxed at preferential capital gains rates and dividend income is taxed at ordinary rates. TRUE or FALSE
The statement is False. Generally, interest income is taxed at preferential capital gains rates and dividend income is taxed at ordinary rates.
Capital gains refer to the profit or increase in value that an individual or entity earns from the sale of an asset, such as stocks, bonds, real estate, or other investments. It is the difference between the purchase price of the asset and the price at which it is sold.
Capital gains can be either short-term or long-term, depending on the length of time the asset was held before it was sold. Short-term capital gains are those made on assets held for one year or less, while long-term capital gains are made on assets held for more than one year. In most countries, including the United States, capital gains are subject to taxation, with different tax rates applied to short-term and long-term gains.
To learn more about Capital gains visit here:
brainly.com/question/24228835
#SPJ4
Requiring approval of customers' credit history, reviewing the age of past due accounts and rewarding speedy collections are examples of controls over ______.
accounts receivable
Accounts receivable is an important asset of a company, and it is critical to monitor and control it. As a result, accounts receivable management is a critical component of every company's financial management.
A set of controls are needed for accounts receivable management to be successful. These controls include the approval of customers' credit history, reviewing the age of past due accounts, and rewarding speedy collections. These controls are essential for the following reasons: Approving customer's credit history: Before agreeing to extend credit to a customer, it is critical to examine their credit history. If a customer has a poor credit history, extending credit to them may result in losses for the company.Reviewing the age of past due accounts: It is critical to review the age of past due accounts regularly to ensure that the company is not losing money due to unpaid debts. Accounts that are overdue for a prolonged period should be dealt with swiftly.Rewarding speedy collections: Offering incentives to customers who pay their accounts promptly can encourage them to pay their accounts quickly. Early payment benefits can include discounts, free shipping, and other benefits. The sooner accounts receivable are paid, the healthier a company's cash flow will be.Accounts receivable is an important component of a company's financial management. To keep it under control, a set of controls are required. These controls include the approval of customer's credit history, reviewing the age of past due accounts, and rewarding speedy collections.
For more questions on financial management.
https://brainly.com/question/17582829
#SPJ11
investment is financed by which of the following? i. government spending ii. national saving iii. borrowing from the rest of the world
The investment is financed by national savings, borrowing from the rest of the world, and by printing money. Option B and option C are correct answers.
Investment is the act of allocating resources, particularly money, with the hope of earning an income or profit. The way to finance investment can differ. The money required for investment in any economy or business can come from several sources. National savings and borrowing from the rest of the world can finance investment.
Government spending also has a significant impact on the economy, but it is not a direct source of investment financing.
Therefore, option B and option C are correct answers.
You can learn more about Investment at
https://brainly.com/question/27717275
#SPJ11
Use the Sollow model to answer the following questions.
(a) Many say that if people save more, that’s bad for the economy: They say that spending money on consumer goods keeps the money moving through the economy. Does this model say that?
(b) Many people say that when machines and equipment get destroyed by bad weather or war, that makes the economy better off by encouraging businesses and families to spend money on new capital goods. Does this model say that?
Using the Solow model, the answer to (a) is no, saving more does not necessarily mean bad for the economy. It is true that spending money on consumer goods keeps money moving through the economy, however, saving money also contributes to economic growth, as it provides funds for businesses to expand and invest in capital goods, creating more jobs and increasing incomes.
The answer to (b) is also no. The Solow model does not suggest that destruction of machines and equipment makes the economy better off, as this does not increase the available capital. Rather, it suggests that economic growth is driven by investment in capital goods, technological progress, and increased labor supply.
Learn more about Solow model here:
brainly.com/question/13351371
#SPJ11
a family has decided to go away for the summer. the monthly mortgage payment on the family's house is $1,000. water, electricity, natural gas, and maintenance bills, to be paid by the family, will be $700 per month if the house is occupied and zero otherwise. if the family wishes to minimize losses from being away, it should rent the house for as much as the market will bear, as long as the monthly rent is above which of the following? (assume wear and tear to be the same whether or not the house is occupied.)
If the family wants to reduce the losses incurred while they are abroad, they should rent the property for whatever the market will bear, provided that the monthly rent is $700.
How do mortgages work and what exactly is one?Your lender will provide you money to buy the property if you are granted a mortgage. You agree to make only interest payments against the principle of your loan over time. The lender will continue to have a claim on the home as long as the mortgage is not fully repaid.
What is covered by a mortgage payment each month?Taxes, insurance, loan principle, and loan interest normally make up the first four components of your monthly mortgage payment. If you've never purchased a house before, you might be startled to learn how many different elements go into a mortgage payment. By combining these expenses into a one monthly payment, your lender simplifies things for you.
Learn more about monthly mortgage payment: https://brainly.com/question/8486202
#SPJ1
A small open economy with a floating exchange rate is initially in equilibrium at A with IS1*, LM1*. Holding all else constant, if the domestic price level increases, then the _____ curve will shift to _____.
A. IS1*; IS2*
B. IS1*; IS3*
C. LM1*; LM2*
D. LM1*; LM3*
This decrease in the demand for goods and services will lead to a decrease in the level of real GDP, thus causing the IS curve to shift to the left from IS1* to IS3*.
A small, open economy is only a small fraction of the world market, so it does not have a significant impact on global interest rates.
When the domestic price level increases, the IS curve will shift to IS3* since an increase in the price level will decrease real money balances, resulting in a decrease in the demand for goods and services. This decrease in the demand for goods and services will lead to a decrease in the level of real GDP, thus causing the IS curve to shift to the left from IS1* to IS3*.
Learn more about a small open economy: brainly.com/question/31133792
#SPJ11
During the current year, a capital projects fund completed a new public safety building started in the prior year. The total cost of the project was $9,695,000; current- year construction costs totaled $715,000, paid in cash. The full cost is attributed to the building because it was constructed on city-owned property. The building came in $6,100 under budget, which is transferred to the General Fund.
The final cost of the project would be $9,688,900
What's CPFCapital Projects Fund (CPF) is an accounting and financial reporting entity that is established to handle the financial and accounting aspects of the local government.
These funds are required to be used for the capital projects, such as construction or infrastructure improvements that cannot be financed by the current revenue.
The current year's cost for the public safety building was $715,000, which was paid in cash.
The total project cost was $9,695,000. Because the building was constructed on city-owned property, the total cost of the project is attributed to the building.The building came in $6,100 under budget.
The $6,100 surplus should be transferred to the General Fund.
Hence, the final cost of the project would be $9,695,000 - $6,100 = $9,688,900
Learn more about CPF at
https://brainly.com/question/28583371
#SPJ11
acorporation issues bonds with detachable warrants. the amount to be recorded as paid-in capital is preferably _____
a. equal to the market value of the warrants. b. based on the relative market values of the two securities. c. zero. d. calculated by the excess of the proceeds over the face amount of the bonds.
When a corporation issue bonds with detachable warrants, the amount to be recorded as paid-in capital is preferably based on the relative market values of the two securities. The correct option is B.
Warrants: Warrants are a type of derivative that provides the owner with the option but not the obligation to purchase shares of stock at a predetermined price before a specific date. Warrants are commonly used as a component of corporate finance because they allow businesses to raise money by issuing shares at a lower market price than they would receive if they offered them outright. Bonds with detachable warrants allow a company to attach warrants, which can be sold separately, to bonds. As a result, the investor can purchase the bonds as well as the warrants.
Paid-in capital: Paid-in capital is a term used in accounting to refer to the amount of cash or other assets investors pay in exchange for common or preferred stock. Paid-in capital is essentially the sum of a firm's common and preferred stock that has been issued. Paid-in capital is also referred to as "contributed capital." It is the total amount of capital contributed to a corporation by its investors in exchange for stock.
The amount to be recorded as paid-in capital when a corporation issue bonds with detachable warrants is based on the relative market values of the two securities. Therefore, option B is the right option.
To learn more about “issue bonds” refer to the https://brainly.com/question/25596583
#SPJ11
when purchase costs are (rising/declining) , lifo will report the lowest cost of goods sold yielding the highest gross profit and net income.
When purchase costs are declining, LIFO (last-in, first-out) will report the lowest cost of goods sold, yielding the highest gross profit and net income.
LIFO stands for last-in, first-out, and it is a method of accounting for inventory costing. The last goods obtained are the first to be sold under this approach. As a result, the value of inventory on the balance sheet is based on the oldest inventory items.
LIFO has a big effect on the cost of goods sold and, as a result, net income. When purchase costs are increasing, LIFO will report the highest cost of goods sold and the lowest gross profit, lowering net income. When purchase costs are decreasing, however, LIFO will report the lowest cost of goods sold and the highest gross profit, raising net income. Therefore, when purchase costs are declining, LIFO will report the lowest cost of goods sold, yielding the highest gross profit and net income.
Learn more about LIFO at https://brainly.com/question/26428647
#SPJ11