Business: McDonald's
Target Market: McDonald's targets a broad range of consumers, including families, young professionals, and students. The fast-food chain targets those who are looking for a convenient, quick and inexpensive meal.
Important Factors in Industry Analysis:
1. Competitor Analysis: It is important for McDonald's to stay aware of their competitors. This includes understanding their competitors' pricing, menu offerings, customer service, and marketing strategies.
2. Market Trends: McDonald's must be aware of current trends in the fast food industry, such as health-consciousness, vegan and vegetarian options, and convenience.
3. Consumer Demographics: McDonald's needs to understand the demographics of their target market, such as age, income, gender, and location.
4. Supply Chain: McDonald's must ensure that they have a reliable and efficient supply chain in place to meet consumer demand.
5. Product Innovation: McDonald's must remain innovative and offer new products that appeal to their target market.
6. Advertising and Promotion: McDonald's needs to have an effective advertising and promotional strategy to reach their target market and increase market share.
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Steamroller Company sells two products—J and B. Steamroller predicts that it will sell 7400 units of J and 6500 units of B in the next period. The unit contribution margins are $2. 90 and $6. 30 for products J and B, respectively. What is the weighted-average unit contribution margin?
The average amount that a collection of goods or services contributes toward reducing a company's fixed expenses is known as the total average contribution margin. The idea is a crucial component of cost accounting, which projects profit levels for varying sales amounts.
How is composite index unit contribution margin determined?The sales volume by each product line must simply be added together to create the WACM. Add the totals after dividing the per-unit contribution margin for each category by the quantity sold. Subtract the total number of unit sales from the sum of the individual contribution margins.
How is the weighted average contribution determined?A weighting of the share fee quoted for the shares can be calculated by the investor. To do this, multiply the average number of shares purchased by each price, add those numbers, and then divide the amount by the number of pounds purchased.
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1. what are some of the darker sides (in other words, costs) associated with globalization? how can business leaders make sure that the benefits of their various actions (such as outsourcing) outweigh their drawbacks (such as job losses in developed economies)?
Globalization can have a dark side when it results in the exploitation of resources, labor, and the environment.
Workers in developing economies may be vulnerable to exploitation by companies from developed countries who can offer cheaper costs of production. This can lead to job losses in developed economies, particularly in industries that rely on manual labor.
Business leaders can ensure the benefits of their actions outweigh the drawbacks by collaborating with local communities and workers to ensure fair wages and working conditions. They should also use measures such as corporate social responsibility and ethical sourcing to ensure that their practices are not exploiting the environment or workers. Additionally, businesses should ensure that jobs are created in the local economy and that any job losses in developed countries are offset with job gains elsewhere. By taking these steps, business leaders can ensure that the benefits of globalization outweigh the costs.
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When resources, labor, and the environment are exploited, globalization can have a negative impact.
Workers in developing nations may be vulnerable to exploitation by developed-nation companies that can offer lower production costs. In developed economies, this may result in job losses, particularly in sectors that depend on manual labor.By working with local communities and workers to ensure fair wages and working conditions, business leaders can make sure the advantages of their actions outweigh the disadvantages. To make sure that their practices are not exploiting the environment or workers, they should also use strategies like corporate social responsibility and ethical sourcing. Additionally, businesses should make sure that any job losses in the local economy are offset by job creation in the community.To know more about Globalization click below:
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Which of the following will result in your paying the largest amount of interest to the credit card copany?Paying 20% of your credit card balance every monthMaking the minimum payment every monthPaying off your balance every monthSaying "credit" every time the cashier asks "Debit or Credit?"
Paying 20% of your credit card balance every month will result in your paying the largest amount of interest to the credit card company.
What is an credit card?Credit cards typically have a higher annual percentage rate (APR) compared to other consumer loans. Interest is ordinarily charged on any unpaid balances charged to the card around a month after a purchase is made, unless there is a 0% APR introductory offer in place for a specific amount of time after account opening. But there is no grace period for new charges if past due balances from a prior month were carried forward.
According to the law, credit card companies must give customers a grace period of at least 21 days before interest on purchases begins to accrue. As a result, it's always a good idea to pay off balances before the grace period expires.
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an essential element of communicating with marketing employees is _______.
Training is a crucial component of interacting with marketing personnel.
What exactly does marketing strategy entail?The marketing plan is a long goal for attaining a business' objectives through an understanding of client needs and the development of a distinct and long lasting competitive advantage .It covers everything, including deciding which channels to use to reach your customers and identifying who they are.
What role does marketing play that is most crucial?The part of marketing that people are most familiar with is promotion. It includes the conventional and digital marketing techniques that the majority of audiences are familiar with. Promotion includes actions intended to interact with consumers, educate them about the brand and its offerings, and persuade them to buy items or services.
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there is only one explanation for why economists give conflicting advice on policy issues, and it is that they have different scientific judgments about the validity of alternative theories. State of True or False.1. True 2. False
False . They differ in their assessments of the scientific merit of competing hypotheses. There is only conceivable explanation for the inconsistent recommendations that economics makes regarding public policy.
What function does economics serve in business?Every company organization needs a business economist to perform three crucial tasks: demand estimation and forecasting, capital management, and profit management.
What is economics in plain English?Economics is the analysis of scarcity and how it affects how resources are used, how commodities and services are produced, how production and welfare increase over time, and a wide range of other complicated concerns that are extremely important to society.
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ida's ice-cream stand has increasing profits each week during the hot summer months. ida finds that each week of summer her profits increase by 15% over the previous week. in her first week of business, her profits were $600. how much money will ida make in all over 5 weeks? enter your answer in the box rounded to the nearest cent.
Ida's total profits over five weeks, we can use the formula for geometric series, Ida will make $2666.67 in all over five weeks.
To calculate Ida's complete profit more than five weeks, we can involve the equation for geometric series:
Sn = a(1 - r^n)/(1 - r)
Where:
Sn = the sum of the series
a = the underlying worth (for this situation, $600)
r = the normal proportion (for this situation, 1.15, since profits increment by 15% every week)
n = the quantity of terms (for this situation, 5, since there are five weeks)
Connecting the given qualities:
Sn = 600(1 - 1.15^5)/(1 - 1.15)
Sn = 600(1 - 1.15^5)/ - 0.15
Sn = 600(1 - 1.15^5)/ - 0.15
Sn = $2666.67
geometric series, in math, a boundless series of the structure a + ar + ar2 + ar3+⋯, where r is known as the normal proportion. A straightforward model is the mathematical series for a = 1 and r = 1/2, or 1 + 1/2 + 1/4 + 1/8 +⋯, which meets to an amount of 2 (or 1 in the event that the initial term is prohibited).
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equired information skip to question [the following information applies to the questions displayed below.] data for hermann corporation are shown below: per unit percent of sales selling price $ 50 100% variable expenses 28 56 contribution margin $ 22 44% fixed expenses are $70,000 per month and the company is selling 4,000 units per month. 2-a. refer to the original data. how much will net operating income increase (decrease) per month if the company uses higher-quality components that increase the variable expense by $4 per unit and increase unit sales by 25%. 2-b. should the higher-quality components be used?
Variable costs are expenses that change in response to business activities. They rise greater as your workload increases.
What is a cost that is variable?
A company must clearly differentiate between its fixed costs and its variable costs. The first will change depending on how many units are made. For instance, with each additional unit produced, the cost of directly used materials will rise.
Net operational income equals 21,000 × 0.4-9,200, or 800 dollars in advertising costs.
What are fixed costs and variable costs?
A "fixed cost" is a cost that remains constant regardless if a company produces more or less things. Variable cost refers to a cost that varies according to variations in production levels.
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Amazon. Com, Inc. ’s fnancial statements are presented in Appendix D. Click here to view Appendix D. Financial statements of Wal-Mart Stores, Inc. Are presented in Appendix E. Click here to view Appendix E. Instructions for accessing and using the complete annual reports of Amazon and Wal-Mart, including the notes to the financial statements, are also provided in Appendices D and E, respectively. Wal-Mart has 11,000 million shares authorized
In Appendices D and E, respectively, Amazon and Walmart provide full access to their annual reports, including the notes to the financial statements.
Amazon.com, Inc and Wal-Mart Stores, IncOne of the most well-known e-commerce sites both domestically and internationally is Amazon.com, Inc. The annual income statement, balance sheet, and statement of cash flows are all included in Appendix D's presentation of Amazon's financial statements. The notes to the financial statements offer more details about the operation of the business, accounting principles, and other topics.
With more than 11,000 million authorised shares, Wal-Mart Stores, Inc. is the biggest retailer in the world. The annual income statement, balance sheet, and statement of cash flows are all included in Appendix E's presentation of Wal-financial Mart's statements. The notes to the financial statements offer more details about the operation of the business, accounting principles, and other topics.
When analysing the financial performance and expansion potential of the companies, this information is essential. A thorough breakdown of the companies' assets, liabilities, and equity is also provided in the annual reports, enabling investors to make well-informed choices. Investors can learn a great deal about these businesses' financial situation and future prospects by carefully examining their financial statements.
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a consultant is meeting with a new client for the first time to design a rollout strategy for its sales cloud implementation. what should the consultant do during the planning phase to ensure a successful implementation?
A consultant is meeting for the first time with a new client to establish a rollout strategy for its Sales Cloud installation.
Create a prototype of the proposed solution.Determine which Salesforce features to employ.Establish objectives, KPIs, and sales procedures.Construct and test the new functionality.What exactly is a sales force management system?Salesforce management systems (also known as sales force automation systems (SFA)) are information systems that aid in the automation of various sales and sales force management operations in customer relationship management marketing and management. They are frequently paired with a marketing information system, in which case they are commonly referred to as CRM systems. An SFA is a system that automatically records all phases of a sales process. It is generally part of a company's CRM system. SFA contains a contact management system that monitors all interactions with a specific client, the purpose of the communication, and any necessary follow-up. This prevents sales attempts from being repeated, lowering the chance of offending clients.
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an individual works as both a registered agent for a broker-dealer and a representative of an investment adviser, both of which are owned by the same parent company. the individual's sister has started up a successful e-tailing company that she wishes to expand. she asks her brother to sell private placement units of her company to his customers in return for a 20% commission that she will pay. which statement is true? a this action is prohibited because the commission amount to be paid is excessive b the action cannot be taken unless the brother obtains written permission of the broker-dealer c the partnership units cannot be sold to the agent's customers unless they are registered in the state d the partnership units cannot be sold to the agent's customers unless separate records are kept covering these transactions
The brother must have the broker-written dealer's consent before taking any action.
What do brokers do?A financial adviser (B-D) is an individual or corporation that trades stocks for its own account or even on behalf of clients. Because the majority of stock brokerages serve as both agents and principals, the term "broker-dealer" is used to characterise them in U.S. securities regulation. A dealer purchases and sells stocks for its own account, while a broker technically engages in the profession of buying and selling stocks on behalf of its clients. The broker-dealer carries out both. Broker-dealers could be appealing to investors who want to manage their own portfolios more actively. TD Ameritrade, E-Trade, and Charles-Schwab are a few of the best known broker-dealers.
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g record the appropriate adjusting journal entry at the current year end. what is the dollar increase (if any) on liabilities?
The adjusting entry in the journal would be the amount of the expected costs for the debit of the liabilities of future periods and the same amount credited to the expense account. The dollar increase in liabilities would be in the amount of expected costs.
Accruals are estimated costs that have been incurred but not yet paid. Therefore, a correcting journal entry is required at the end of the current year to ensure that expenses are accurately recorded in the accounts. By writing off accrued liabilities and crediting them to an expense account, the company will have an accurate record of expected expenses and liabilities will increase by the amount of expected expenses.
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a process to identify potential events that may affect the entity, and manage risk to be within its risk appetite, to provide reasonable assurance regarding the achievement of entity objectives is called . multiple choice risk pooling practical reasoning theoretical reasoning risk assessment
The process of risk assessment involves identifying prospective occurrences that could have an impact on the entity. Thus Risk assessment is the correct answer.
Managing risk to be within its risk appetite in order to provide a fair level of assurance regarding the accomplishment of entity goals.
It is a methodical procedure for assessing the likelihood and implications of potential risks to the objectives of an organization and choosing the best course of action to manage such risks. It entails the recognition, assessment, and evaluation of risks as well as the creation of a plan of action for reducing or eliminating those risks.
Other terms for the given procedure, such as "risk pooling," "practical reasoning," and "theoretical reasoning," are incorrect.
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Why would you want to use small steps to get to a big economic goal?
The need to reduce any hazards or losses that may be experienced in the procedures is the main driver behind why people, businesses, or the government choose to take little steps rather than more significant ones to achieve the main economic aim.
Which of these best explains why economic growth is a key objective?Real incomes and wages rise as a result. - It raises living standards. - It improves a society's capacity for dealing with socioeconomic issues.
How can knowing about economics help you become a better citizen?People can make better judgments and solve more issues if they understand how markets operate, how rules affect results, and how economic factors shape social institutions. Excellence in both work and life can be attained in this way.
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many firms of all sizes actively compete in the computer hardware industry, and there are no firms with a large market share. product offerings tend to be similar but are differentiated in ways that enable some firms to raise or impact pricing. the computer hardware industry is an example of
In the computer hardware market, there are many businesses of varying sizes that compete actively, but no companies have a significant market share. The market for computer hardware is an illustration of monopolistic competition.
In business, we refer to a close adversary as a rival. In other words, competitors are of a similar scale and produce comparable goods. We refer to two businesses as arch rivals if they are industry titans.
Surviving in a challenging economy and cutthroat marketplaces will be easier with differentiation, new approaches, and value-based marketing. Only those that are better and more valuable in the eyes of the customer will endure. Perfect competition is another name for a market that is competitive. A monopoly is a market that lacks ideal competition. Due to the lack of near equivalents or alternatives, it has just one vendor providing an exclusive product, making it vulnerable to consumer exploitation.
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I received a statement from the IRS with a "statement showing interest income from the internal revenue service" for 2016.They tell me that I have to report this interest as income on my tax return. Where should I report this?
If your taxable interest income exceeds $1,500, you must include that income on your Schedule B (Form 1040), Interest and Regular Dividends, and include it on your tax return. See Form 1040-NR Instructions for specific reporting information when submitting Form 1040-NR.
What is a dividend explanation?
Dividends are a portion of profits and retained earnings that a company distributes to its shareholders and owners. When a company makes a profit and accumulates retained earnings, those profits are either reinvested in the company or paid out to shareholders as dividends.
What are the some examples of dividends?
An example of a dividend is a cash payment to shareholders from profits. They are usually paid quarterly. AT&T, for example, has been making such payments for several years, with its Q3 2021 offering price set at $2.08 per share.
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All of the following would be considered a direct material for an automobile except
A. Tires
B. Batteries
C. fabric for seats
D. sand paper.
Sand and paper would not be considered a direct material for an automobile. Direct materials do not include any materials consumed as part of a company's general overhead.
What exactly is a direct material?Direct materials are components used in the production of a finished product. Components such as the screen, integrated circuits, camera modules, and buttons, for example, are direct materials used in the manufacture of a smartphone. Consider a business that makes tables and chairs. The following materials were used in production: Timber, wood, cushions, padding for the chairs, cloth fabric to cover the chairs are all direct raw materials. Fittings, nails, wood glue, and worker equipment are examples of indirect raw materials. The manufacturing overhead includes these materials. For example, in a furniture manufacturing company, the direct materials used in production are timber, paddings, and textile. Indirect materials include glue, nails, sandpaper, and so on. Direct materials do not include any materials consumed as part of a company's general overhead. For example, air filters used in a manufacturing facility's ventilation system are not direct materials; instead, they are included in manufacturing overhead.
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the uruguay round extended gatt to cover services as well as manufactured goods. group of answer choices true false
The given statement "the Uruguay Round extended GATT to cover services and manufactured goods" is true because it signifies the correct function of Uruguay Round.
The Uruguay Round was the eighth round of multilateral trade negotiations (MTN) conducted by the General Agreement on Tariffs and Trade (GATT), which took place from 1986 to 1994. The goal of the Uruguay Round was to expand the scope of the GATT to include new areas of trade, such as services, intellectual property, and agriculture, and to reduce trade barriers in existing areas, such as manufactured goods.
Thus the Uruguay Round extended GATT to cover services and manufactured goods.
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aggregating unclassified information together will never make the information classified.
your new document may aggregate or aggregate information that is unclassified or has a degree of classification, but when you present them together, This is called compilation.
What is compilation?Compilation is one of the lowest-level financial reporting services an accountant can provide. An aggregation is essentially presenting information obtained from customers in the form of financial statements. No guarantee is provided by the accountant.
What is compilation report?General report is a report prepared by the accountant assigned by the client to perform the consolidation service and must accompany the prepared financial statements. Unlike an inspection or evaluation report, a summary report consists of a single paragraph, without a paragraph title.
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the accrual concept that costs incurred to generate a revenue are expensed in the same period the revenue is recognized is known as the principle.
Symmetry principle. based on the accrual principle, which states that expenses incurred to produce a specific revenue should be recorded in the same period as the revenue.
The accrual principle is what.According to the accrual principle, transactions must be documented in the period in which events take place, irrespective of when the transaction's real cash flows are received.
What is the principle of expense recognition?The expense recognition rule is a theory that specifies when expenses should be recorded in a company's financial statements. The basic accounting principle often dictates that expenses be recognized and recorded at the same time as the revenues related to those expenditures under accrual accounting.
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Wich two following are benefits of consumer programs
Competitive advantage and customer loyalty are benefits of consumer programs.
What is consumer incentive?
Any reward you offer to persuade clients to buy your goods is a consumer incentive. A consumer rebate is a typical illustration of an incentive scheme. By offering your clients a financial incentive for making a certain purchase, you can conduct a rebate programme.
Customers incentives are gifts given to customers in exchange for actions that promote the brand. The kind of product you are offering will determine the precise layout of the incentives. Customers may receive more credits for sharing a social media post from your business.
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a global social media platform’s employees were tricked into thinking a hacker was a coworker and gave him access to all accounts. the criminals used the theme of partnering with a made-up covid-19 non-profit to scam people out of $117,000 in about three hours.
The incident has caused some to wonder how much access staff members and, in turn, the hackers, have to user accounts.
When a hacker connives with a person is IT called?Hacker connives with a person is IT ,The most frequent sort of social engineering assault, phishing uses fake email addresses and links to persuade victims to divulge their login information, credit card information, or other sensitive information.password theft Passwords continue to be the most popular authentication technique for computer-based services despite its numerous acknowledged flaws, making it simple to circumvent security measures and access vital data and systems by gaining a target's password.The incident has caused some to wonder how much access staff members and, in turn, the hackers, have to user accounts.To learn more about hacker refer to:
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Rottweiler Obedience School’s December 31, 2018, balance sheet showed net fixed assets of $1,945,000, and the December 31, 2019, balance sheet showed net fixed assets of $2,137,000. The company’s 2019 income statement showed a depreciation expense of $335,000. What was the company’s net capital spending for 2019? (Do not round intermediate calculations and round your answer to the nearest whole number, e. G. , 32. )
Net capital expenditures for the business in 2019 were $143,000.
Net capital is what?The total written-down value of all of the fixed assets remaining in use is referred to as the net share capital; it can also be referred to as the discrepancy between of gross invested capital and fixed capital consumption.
Are net capital and equity the same thing?The sum of money that a shareholder or business owner would earn if they sold all of their holdings and settled the business's debt is known as equity. The term "capital" solely refers to a company's liquid financial resources.
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which invention was the basis for the major developments in american transportation?
The progress of transportation was influenced by the creation of the wheel. Every discovery and invention inspires numerous others. More resources are produced as a result of human inventions and discoveries.
What does resources mean?A supply or support source: a practical way. A natural source of wealth or income, which is most often used in plural. A natural phenomena or trait that improves the quality of human existence; frequently used in plural.
An example of a resource is what?A natural resource is something that comes from the natural world and is used by humans. A few examples of other natural resources are air, sunlight, soil, and water. Natural resources include things like plants, fish, birds, and animals.
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which of the five major promotion tools include building up a positive corporate image and handling unfavorable stories
The correct response is A) public relations. Building positive relationships with the company's numerous publics through securing favourable publicity is known as public relations.
For the purpose of influencing the public's perception, public relations (PR) is the activity of organizing and distributing information from a person or an organization to the general public. Publicity is not regulated and is generated by outside sources, whereas public relations (PR) is internally managed. Using news stories and issues of general interest without expecting to be paid directly, public relations might involve a company or individual getting visibility to their target consumers. Mostly media-based, the exposure. It differs from advertising because of this when used as a marketing communication tool. Earned media, often known as public relations, tries to generate or receive free coverage for customers.
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Which of the five major promotion tools includes building up a positive corporate image and handling unfavorable stories and events?
A) public relations
B) sales promotion
C) personal selling
D) advertising
E) direct marketing
you want to buy a house for $250,000. the bank requires a down payment of 25%. what is the amount of the mortgage loan the bank will provide for you? round to the nearest $ and use the $ symbol.
For $250,000, you wish to purchase a house. A 25% down payment is required by the bank.
How much is a downpayment on a 200k house?The standard down payment for conventional loans, such as the traditional 30-year fixed rate mortgage, is typically 5%. In this scenario, $10,000 is required to obtain a mortgage for a $200,000 property purchase. It lowers the amount you'll have to borrow and is frequently quoted as a percentage of the house's sales price.
For instance, the buyer of a $250,000 home must pay at least $7,500 at closing if the mortgage lender demands a 3 percent down payment. A down payment is frequently described as a proportion of the cost of the home. As an illustration, 3.5% down equals $8,750 for a $250,000 house, whereas 20% equals $50,000. The down payment requirement for a $500,000 house is $17,500.
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The amount of the mortgage loan the bank will provide for you is $187,500. 25% of $250,000 = $62,500; $250,000 - $62,500 = $187,500
What is mortgage loan? A mortgage loan is a type of loan used to purchase real estate, usually a home. It is secured by the property, meaning that if the borrower fails to make payments, the lender has the right to take ownership of the property. Mortgage loans typically come with a fixed rate of interest, meaning that the interest rate stays the same over the life of the loan. The loan is usually paid back in monthly installments over a period of years, usually between 15 and 30 years. The amount of the loan and the length of the loan term will determine the size of the monthly payments. The borrower is usually required to put up some type of collateral, such as a down payment, to secure the loan.To learn more about mortgage loan refer to:
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exercise 2-7 (algo) analyzing account entries and balances lo a1 use the information in each of the following separate cases to calculate the unknown amount. corentine company had $158,000 of accounts payable on september 30 and $135,500 on october 31. total purchases on credit during october were $287,000. determine how much cash was paid on accounts payable during october. on september 30, valerian company had a $105,500 balance in accounts receivable. during october, the company collected $105,890 from its credit customers. the october 31 balance in accounts receivable was $95,000. determine the amount of sales on credit that occurred in october. during october, alameda company had $108,500 of cash receipts and $109,150 of cash disbursements. the october 31 cash balance was $21,600. determine how much cash the company had at the close of business on september 30.
1. Cash paid on accounts payable during October =-$22,500., 2. Sales on credit in October = $106,390. 3. Cash at the close of business on September 30 = $20,950.
How much cash the company had at the close of business?
This question uses the theory of double-entry accounting, which states that for every transaction there must be a corresponding debit and credit entry.In this question, the debit entries are the accounts payable, receivable, and cash balances, while the credit entries are the purchases on credit and the cash receipts and disbursements.
By subtracting the debit entries from the credit entries, we can determine the unknown amounts.
The steps for this process are as follows:
1. To calculate the cash paid on accounts payable during October, we need to subtract the October 31 accounts payable balance from the September 30 accounts payable balance.We start by taking the September 30 accounts payable balance of $158,000 and subtract the October 31 accounts payable balance of $135,500.
The result is -$22,500, which means that the company paid $22,500 in cash on accounts payable during October.
2. To calculate the sales on credit in October, we need to add the September 30 accounts receivable balance, the October collections, and subtract the October 31 accounts receivable balance.We start by taking the September 30 accounts receivable balance of $105,500 and add the October collections of $105,890.
This gives us a total of $211,390. We then subtract the October 31 accounts receivable balance of $95,000,which gives us a total of $106,390, which is the amount of sales on credit that occurred in October.
3. To calculate the cash at the close of business on September 30, we need to add the October cash receipts, subtract the October cash disbursements, and add the October 31 cash balance.We start by taking the October cash receipts of $108,500 and subtract the October cash disbursements of $109,150.
This gives us a total of -$650. We then add the October 31 cash balance of $21,600 to get a total of $20,950,which is the amount of cash the company had at the close of business on September 30.
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using tools such as a digital calendar and a spreadsheet to track team tasks is evidence of what project management skill?
Using tools such as a digital calendar and a spreadsheet to track team tasks is evidence of effective organizational project management skills.
To complete certain jobs in an organization, an executive needs to have certain qualities or skills, which are referred to as management skills. Among these is the ability to carry out executive responsibilities in an organization while averting crises and quickly resolving issues as they arise.
Learning and getting real-world management experience are two ways to develop management skills. The ability of the management to communicate with other employees and deal effectively with subordinates enables the smooth flow of business operations inside the organization.
For any organization to prosper and accomplish its goals and objectives, effective management skills are essential. Good managers are able to advance the company's mission, vision, or business objectives with fewer roadblocks and resistance from both internal and external sources.
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geno's body shop had sales revenues and operating costs in 2020 of $650,000 and $525,000, respectively. in 2021, geno plans to expand the services it provides to customers to include detailing services. revenues are expected to increase by $85,000 and operating costs by $50,000 as a result of this expansion. assuming that there are no changes to the existing body shop business, operating profits would be expected to increase during 2021 by:
Since there are no modifications to the current body shop operation, operating earnings should rise by $30,000 in 2021.
What is customers stratification?We have the ability to change our company from being a product-driven to a customer-driven organization through the use of customer stratification. Because of its assistance, we now have a deeper understanding of our clients, which has allowed us to better utilize our sales staff and increase return on investment. Customer Stratification classifies the distributor's customers into four groups: Core, Opportunistic, Marginal, and Service Drain based on each customer's purchasing power, cost to serve, loyalty, and profits. The distributor may thus better meet the needs of its core clients thanks to this. In the stratification technique, supply air is used to replace the air leaving the ventilated (and typically occupied) zone, inhibiting the passage of air between the zones.To learn more about customers stratification refer to:
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a corrupt and illegal activity in which a person offers, gives, solicits, or receives money, services, or anything of value to gain an illicit advantage is known as:
Bribery is the corrupt and illegal act of offering, giving, or receiving money, services, or anything else of value for profit.
Bribery that promises, gives, accepts or agrees to receive money or anything of value for the corrupt purpose of influencing a public official in the performance of his official duties. If money is offered or promised in return for a corrupt act, the official concerned does not have to actually commit the act for the bribery charge to be established. The act is usually punishable as a crime.
Bribery is the corrupt and illegal act of offering, giving, or receiving money, services, or anything else of value for profit.
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vision statements are used to create a better understanding of the overall purpose and direction of the organization. vision statements group of answer choices set organizational structure. are massively inspiring. are very specific. provide specific objectives.
They are usually ambitious and communicate how the company plans to impact the world. Think of it as a roadmap for making decisions that align with your company's philosophy and goals.Mission statements are specific to your business, but it's useful to see how popular brands express their future goals. For example Tesla, nordstrom, Amazonas, IKEA
It consists of three parts:what, how and why A vision statement outlines the company's long-term goals and future aspirations in terms of long-term growth and impact on the world.
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