The annual Cutting, Milling, and Assembly charges from the Medical Services Department to each of the operating divisions are $12,830.
What is an operation department?The production process is seen through from beginning to end by an operations section. These manufacturing procedures must be compatible with the objectives and duties of other corporate divisions.
Planning, scheduling, purchasing, controlling, quality control, and inventory control are the seven major operations management tasks in an industrial setting.
The allocation charges is shown below,
Cutting Milling Assembly
Variable cost charges $29,754 $22,388 $47,328
Fixed Fixed cost charges $181,560 $121,040 $302,600
Total charges $211,314 $143,428 $349,928
Uncharged cost
= Actual costs - charged costs
= ($106,500+$611,000)-($211,314+$143,428+$349,928)
=$12,830
To know more about divisions, visit:
https://brainly.com/question/29693779
#SPJ1
a company's minimum acceptable rate of return for a capital investment decision is called the: select one: a. internal rate of return (irr). b. maximum rate of return. c. hurdle rate. d. average rate of return. e. accounting rate of return (arr).
A company's minimum acceptable rate of return for a capital investment decision is called the Hurdle Rate. The correct answer is c. Hurdle Rate.
Hurdle rate is the minimum rate of return required on a project or investment for it to be deemed acceptable or ‘worthwhile’. It is used to evaluate new investments and is typically set by the company’s management.
For example, if a company has a 10% hurdle rate, they will only invest in a project or purchase an asset if they expect a return greater than 10%. If the expected rate of return is lower than the hurdle rate, the project or asset purchase would be rejected.
For more about capital investment decision:
https://brainly.com/question/29312856
#SPJ11
Q1 The Fiji Companies Act 1983 required a private company to have a minimum of 2 members ( i.e. , shareholders ) . [ Note , the 1983 Act has now been repealed and replaced by the Companies Act 2015 . ] In 1996 , the company we commonly known as ' Fiji Water ' was created as a private company under the 1983 Act. The annual returns filed by the company with the Government Cos Office for the first few years of the company 's existence listed the following shareholders : - David Gilmour - David Gilmour as trustee for Joe Smith During its early years , was Fiji Water in compliance with the requirement that a private company have at least 2 shareholders ? What do you think ?
Fiji Water was in compliance with the requirement that a private company have at least 2 shareholders during its early years.
A private company is one that is owned and managed by a small group of individuals. The members of the company are its shareholders, and their liability is limited to the extent of their capital contribution. A private company is a separate legal entity, which means that it can sue or be sued in its own name.
The Fiji Companies Act 1983 mandated that a private company have a minimum of two members, also known as shareholders. In 1996, Fiji Water was established as a private company under the 1983 Act. According to the annual returns filed by the company with the Government Cos Office for the first few years of the company's existence, the company listed David Gilmour and David Gilmour as a trustee for Joe Smith as shareholders.
So, it is clear that Fiji Water complied with the requirement that a private company has at least two shareholders during its early years.
Learn more about Private company:
https://brainly.com/question/12055742
#SPJ11
uncollectible accounts expense: should not occur if the credit department properly investigates prospective customers who wish to purchase merchandise on credit. is the amount of cash a business must pay each time a credit customer fails to pay his or her account. is the amount a business must pay to a collection agency to recover amounts on overdue accounts receivable. represents the loss in value of accounts receivable that are estimated to be uncollectible.
Uncollectible accounts expense represents the loss in value of accounts receivable that are estimated to be uncollectible. The last option is correct.
Uncollectible accounts expense is also known as the allowance for doubtful accounts. It's the estimated amount of money a company expects to lose on accounts that are uncollectible. The bad debt expense is another name for uncollectible accounts expense.To avoid uncollectible accounts expenses, the credit department should thoroughly investigate prospective customers who wish to purchase goods on credit. This involves conducting credit checks on customers to determine whether or not they are capable of paying their bills on time.The following are some reasons why uncollectible accounts expense occurs:Customers who do not pay their bills: Sometimes, customers who owe money to the company may not pay their bills for various reasons. It may be due to financial problems or other reasons. If the company cannot collect the funds, it must write off the debt and charge it to the uncollectible accounts expense.The company makes poor credit department decisions: If the company extends credit to customers who do not have a good credit history or are unlikely to pay their bills on time, the probability of uncollectible accounts expense increases. The credit department should conduct thorough background checks on customers to determine if they are creditworthy.The company's policies are inadequate: If the company does not have a strong credit policy in place, it is likely to experience uncollectible accounts expenses. The company's policies should provide guidelines for determining credit limits, payment terms, and other factors that impact the company's financial stability. Last option is the correct option for the given questions.Learn more about Uncollectible accounts: https://brainly.com/question/20597051
#SPJ11
wv construction has two divisions: remodeling and new home construction. each division has an on-site supervisor who is paid a salary of $142,000 annually and one salaried estimator who is paid $76,000 annually. the corporate office has two office administrative assistants who are paid salaries of $80,000 and $52,000 annually. the president's salary is $198,000. how much of these salaries are common fixed expenses? multiple choice $198,000 $330,000 $132,000 $458,000
Fixed expenses in a company include salaries and other overhead expenses that do not change based on production or sales volume. Therefore, the amount of these salaries that are common fixed expenses is $330,000.
Fixed expenses refer to expenses that do not vary with production or sales volume. The fixed expenses that are necessary for a business to function properly include salaries, rent, insurance, property taxes, and more.Common fixed expenses are business expenses that are incurred even when there is no production or sales. Salaries and other overhead costs, such as rent and utilities, are examples of common fixed expenses.The salaries of each supervisor and estimator are fixed expenses, as are the administrative assistants' salaries and the president's salary, as mentioned in the given problem. In this case, there are two supervisors and two estimators.Supervisor's total annual salary: 2 * $142,000 = $284,000Estimator's total annual salary: 2 * $76,000 = $152,000The total cost of salaries of the on-site supervisors and estimators is: $284,000 + $152,000 = $436,000The total cost of the administrative assistants' salaries is: $80,000 + $52,000 = $132,000Therefore, the total cost of common fixed expenses for WV construction is: 436,000 + 132,000 + 198,000 = $766,000 Fixed expenses common to the company are $766,000, and fixed expenses that are salaries are $436,000. So, the amount of these salaries that are common fixed expenses is $330,000.Option B is the right choice.Learn more about fixed expenses: https://brainly.com/question/30402129
#SPJ11
Jarrell is the digital marketing manager for Grainger, a company selling tools, fasteners, and other items via its web-based catalog to business customers including manufacturers, automobile dealerships, and automotive service companies. He uses a blog to post case studies showing how customers are using Grainger products and provides a link to the products in the online catalog. He’s then able to monitor and measure the _______ rate to identify how many customers actually click on the links, and whether or not a purchase is made. Jarrell enjoys the opportunity to track customer behavior and knows his role makes an important impact to Grainger’s revenue and profitability.
awareness
conversion
followship
engagement
Jarrell is the digital marketing manager for Grainger, a company selling tools, fasteners, and other items via its web-based catalog to business customers including manufacturers, automobile dealerships, and automotive service companies.
He uses a blog to post case studies showing how customers are using Grainger products and provides a link to the products in the online catalog.
He’s then able to monitor and measure the conversion rate to identify how many customers actually click on the links, and whether or not a purchase is made. Jarrell enjoys the opportunity to track customer behavior and knows his role makes an important impact to Grainger’s revenue and profitability.
By measuring the conversion rate, Jarrell is able to measure how successful his digital marketing strategy is in terms of customer engagement and followship, which directly contributes to Grainger's overall profitability.
To know more about conversion rate refer here:
https://brainly.com/question/28833440
#SPJ11
Anandam Manufacturing Company
Answer the following questions. Organize financial statements and calculations in appendices. Summarize your comments and findings in the main body of the report. Your interpretation of the results of the calculation are the most important aspects of this case. Remember to use a cover page, double-space, use sections and headings, use proper grammar and punctuation. Good luck!
1. Prepare and analyze the cash flow statement (Appendix 1) of the company.
2. Prepare and analyze the common size statements (Appendix 2) of the company.
3. Compute and analyze trend analysis (Appendix 3) of the company.
4. Compute as many ratios as possible and compare to the industry averages in Exhibit 3. (Appendix 4)
5. Based on your analysis, would you, as a loan officer, grant the loan request? Why or why not?
6. If you were a business consultant, what areas of improvement would you suggest to this company?
In order to analyze the financial statements of the company, you would need to have access to their financial data such as balance sheets, income statements, and cash flow statements.
Once you have this data, you can perform the following steps:The cash flow statement shows the inflows and outflows of cash in a company over a specific period of time.
Organize this statement in a tabular format, including sections for operating activities, investing activities, and financing activities.
Then analyze the cash flow statement to understand the company's liquidity, solvency, and overall financial health.
A common size statement shows the financial data in each line item as a percentage of the total.
This format helps you see the relative size of each item, making it easier to spot trends and compare the data over time
Prepare a common-size balance sheet and common-size income statement.
Trend analysis involves looking at the company's financial data over a number of periods to see if there are any upward or downward trends. This can help you identify strengths and weaknesses in the company's financial performance and make predictions about future performance.
Compute various financial ratios such as the current ratio, acid test ratio, receivable turnover ratio, inventory turnover ratio, debt-to-equity ratio, gross profit ratio, net profit ratio, return on equity, return on total assets, total asset turnover ratio, fixed asset turnover ratio, current asset turnover ratio, interest coverage ratio, working capital turnover ratio, and return on fixed assets.
These ratios can give you a deeper understanding of the company's financial health, efficiency, and profitability. then compare these ratios to the industry averages listed in the Exhibit to see how the company compares to others in the same sector.
Based on your analysis, would you, as a loan officer, grant the loan request? Why or why not?As a loan officer, your decision to grant a loan request would depend on the results of your analysis. If the company has strong cash flow, low debt levels, and positive trends in its financial performance, you may consider granting the loan. If the company's financials are weak, with declining cash flow and high debt levels, you may decide not to grant the loan.
Based on an analysis of the company's financial statements and ratios, you can identify areas where the company could improve its financial performance.
For example, if the company's cash flow is weak, you may suggest ways to improve collections, reduce expenses, or increase revenue. If the debt-to-equity ratio is high, you may suggest ways to reduce debt or increase equity.
Read more about balance sheets here:
https://brainly.com/question/1113933
#SPJ1
Congratulations! You've just purchased your first home. Before you can move in, the kitchen and laundry room need new appliances. Look at several websites to determine a representative price for each of the items listed below. Include a link to each web page used to find your information. Refrigerator Gas stove Washing machine Microwave oven Dishwasher
Planning for moving in can be an exciting process. Here are some general steps to consider when planning for new appliances:
Some tips and steps to follow:Determine your budget: Consider how much you are willing to spend on new appliances for your kitchen and laundry room. Look at your finances and determine what is affordable for you. Prices for appliances can vary depending on the brand, model, and features, so it's essential to have a set budget in mind.
Research: Do some research to determine a representative price for each of the appliances you need. Check various sources, including appliance stores, online retailers, and home improvement stores, to get an idea of the average price range for each appliance. You can also consider looking for sales and discounts to save some money.
Prioritize: Consider which appliances are most important to you. For example, if you love to cook, you may want to invest more money in a high-quality gas stove, while a basic refrigerator may be sufficient for your needs.
Choose reputable brands: When buying appliances, it's important to choose reputable brands that are known for their quality and durability. This can help ensure that your appliances last for many years and don't require frequent repairs or replacements.
Consider energy efficiency: Energy-efficient appliances can save you money on your utility bills in the long run. Look for appliances with an Energy Star rating, which indicates that they meet specific energy efficiency standards.
In terms of prices, here are some general price ranges for each appliance:
Refrigerator: $500-$3,000+
Gas stove: $500-$2,000+
Washing machine: $400-$1,500+
Microwave oven: $100-$500+
Dishwasher: $300-$1,500+
P.S I cannot add external links because it goes against the policy of Brainly
Read more about budgets and planning here:
https://brainly.com/question/6663636
#SPJ1
The last-in, first-out cost flow method assigns the cost of the items purchased first to ending inventory.
True or False
False.
The last-in, first-out (LIFO) cost flow method uses the cost of the most recently purchased items to determine which goods are sold first and which are ending inventory.
What is Last-in, first-out?Accounting employs the last-in, first-out (LIFO) method of inventory valuation, which assumes that the cost of goods sold (COGS) is determined by the cost of the most recently purchased or produced inventory items. When compared to other inventory valuation methods like first-in, first-out (FIFO), LIFO results in a higher cost of goods sold and lower net income during inflationary periods. This is because the cost of the items that were purchased the most recently is compared to the revenue that is earned from the sale of those items. The final inventory is then based on the cost of the earlier purchases. In the United States, LIFO is frequently used for tax purposes, but International Financial Reporting Standards (IFRS) prohibit it.
To know more about Cost of Goods Sold, visit:
https://brainly.com/question/30767699
#SPJ1
an fi has set a maximum loss of 2 percent of total capital as a basis for setting concentration limits on loans to individual firms. if it has set a concentration limit of 25 percent to a firm, what is the expected loss rate for that firm?
The expected loss rate for a firm when a concentration limit is set at 25% is 50%.
When a bank sets a concentration limit on loans to an individual firm, it is the maximum percentage of the total capital that can be granted to the firm. This ensures that the bank does not have too much of its capital tied up in a single firm, thereby reducing its exposure to risk. On the other hand, the maximum loss percentage is the maximum amount of capital that a bank is willing to lose from a single loan. It is usually set as a percentage of the bank's total capital. By setting these two limits, a bank is able to ensure that its risk exposure is minimized.
Expected loss rate = Concentration limit × Maximum loss percentage
Expected loss rate = 25% × 2%
Expected loss rate = 50%
Therefore, if concentration limit of 25% to a firm, the expected loss rate is 50%.
Learn more about "Concentration limit"; https://brainly.com/question/28272670
#SPJ11
At 30th June 2018 a company’s provision for doubtful debts was £78,000. At 30th June 2019 debtors (receivables) totalled £1,034,000. It was decided to write off debts totalling £74,000 and to adjust the provision to the equivalent of 5% of remaining debtors (receivables). What figure should appear in the income statement for bad and doubtful debts expense for the year ended 30 June 2019?
£74,000
£44,000
£47,700
£104,000
The figure that should appear in income statement for bad and doubtful debts expense for year ended 30 June 2019 is £44,000.
What is income statement?An income statement, also known as a profit and loss statement, is a financial report that provides an overview of a company's revenue, expenses, and net income over a specific period of time. The statement begins with the company's total revenue, which is then subtracted by the cost of goods sold and any other operating expenses to arrive at the operating income. From there, non-operating expenses and income, such as interest payments, taxes, and gains or losses from investments or asset sales, are factored in to arrive at the net income or profit. The income statement is an important tool for investors and analysts to evaluate a company's financial performance, as it provides insights into the company's revenue-generating capabilities and cost management strategies.
Remaining debtors = Total debtors - debts written off = £1,034,000 - £74,000 = £960,000
New provision for doubtful debts = 5% of £960,000 = £48,000
Change in provision for doubtful debts = New provision - Old provision
= £48,000 - £78,000
= -£30,000 (negative because the provision is being reduced)
Bad and doubtful debts expense = Debts written off + Change in provision for doubtful debts
= £74,000 + (-£30,000)
= £44,000
To learn more about income statement, visit:
https://brainly.com/question/14308954
#SPJ1
Why do companies use a predetermined overhead rate rather than an actual overhead rate?A predetermined overhead rate is more accurate.An actual overhead rate is not known until the end of the period.A predetermined overhead rate is easier to use.An actual overhead rate can never be calculated.
Option b) is the correct answer. Companies use a predetermined overhead rate rather than an actual overhead rate because an actual overhead rate is not known until the end of the period. This means that companies cannot accurately allocate overhead costs to products or services until the end of the period, which can lead to inaccurate costing and pricing decisions.
By using a predetermined overhead rate, companies can estimate the overhead costs for each product or service and make more informed decisions about pricing and production. Additionally, a predetermined overhead rate is easier to use because it is based on estimated costs and can be calculated at the beginning of the period. This allows companies to more accurately allocate overhead costs throughout the period and make better business decisions. Hence option b) is the correct option.
Know more about predetermined overhead rate here:
https://brainly.com/question/29829712
#SPJ11
Answer: an actual overhead rate is not known until the end of the period
Explanation:
The possible impact of natural disasters on South Africa's economic growth for2020 to 2022
However, I can state that natural disasters can have a significant impact on a country's economic growth.
The impact can vary depending on the severity of the disaster, the sectors affected, and the measures taken to address the aftermath. For South Africa, natural disasters such as droughts, floods, and wildfires can affect agricultural productivity, infrastructure, and tourism, among other things. This can lead to a decrease in GDP growth, increased government spending, and higher unemployment rates.
Economic growth refers to an increase in a country's production of goods and services over time. It is typically measured using Gross Domestic Product (GDP), and it is an important indicator of a country's overall economic health. Sustainable economic growth can lead to job creation, increased prosperity, and a better standard of living for citizens.
learn more about economic growth here
https://brainly.com/question/13795445
#SPJ4
What payment 4 months from now would be equivalent in value to a $12,625 payment due 11 months from now? The value of money is 7.1%, simple interest. Round your answer to 2 decimal places.
We must apply the equivalent payment formula and the idea of time value of money to this problem in order to solve it.
What payment 4 months from now would be equivalent in value to a $12,625 payment due 11 months from now?First, we must determine the interest rate per month, which is equal to 0.59% per month when the annual interest rate of 7.1% is divided by 12 months. After that, we can apply the following formula to determine the equivalent payment:
Payment 1 / (1+r)n = Payment 2 / (1+r)m
Where n is the number of months between Payment 1 and Payment 2, r is the monthly interest rate, and m is the number of months between Payment 2 and the desired payment.
When we enter the values, we obtain:
Payment 2 / (1 + 0.0059) = $12,625 / (1 + 0.0059)4
If we solve for Payment 2, we obtain:
Payment 2 = $12,625 x (1 + 0.0059)11 / (1 + 0.0059)4
Payment 2 equals $12,625 multiplied by 1.0809 and divided by 1.0135
Payment 2 equals $13,371.70
Therefore, the payment that will be due in 4 months will be worth $13,371.70, which is the same as the $12,625 payment that will be due in 11 months.
To Know more about value of money Visit:
brainly.com/question/8438252
#SPJ1
in personal finance, one makes decisions based on needs vs wants. what is considered a need?
Discuss how TTM could use an alliance to improve its business position
TTM (Trailing Twelve Months) employs a strategic alliance to strengthen its commercial position because the employment of a strategic alliance would result in an increase in the data from the last 12 consecutive months utilised for reporting financial numbers.
It frequently differs from a fiscal year; rather, the trailing 12 months of a company represent its business performance over a 12-month period. By looking at the past 12 months, investors can come to a consensus that is both current and seasonally adjusted. The firm's financials can be routinely analysed both within and outside the organization using trailing 12-month numbers, regardless of when the fiscal year finishes. An agreement between two companies to combine their resources to work on a specific project that will benefit both parties is known as a strategic alliance. A strategic general partnership may enable a business to develop a more effective process.
To learn more about trailing refer here:
https://brainly.com/question/14286932
#SPJ4
Name two (2) basic legal obligations payroll has regarding payas you go withholding (PAYGW) tax.
There are two basic legal obligations payroll has regarding pay-as-you-go withholding (PAYGW) tax:
For more questions related to tax, refer here:
https://brainly.com/question/16423331
#SPJ11
what are the ethical challenges that uber faces in using app-based peer-to-peer sharing technology? since uber is using a disruptive business model and marketing strategy, what are the risks that the company will have to overcome to be successful? because uber is so popular and the business model is being expanded to other industries, should there be regulation to develop compliance with standards to protect competitors and consumers?
The ethical challenges that Uber faces in using app-based peer-to-peer sharing technology are related to its disruptive business model and marketing strategy.
Uber is taking advantage of a new, cutting-edge industry and it has to make sure that it does not violate any of the laws or standards that protect competitors and consumers. It also needs to ensure that its prices are fair, that its employees are properly paid, and that its safety standards are met.
There is the risk that Uber could run into legal trouble if it does not adhere to compliance standards. Therefore, it is necessary for governments to regulate the industry to ensure compliance with standards, protect competitors, and provide consumer protection.
To know more about marketing strategy click on below link:
https://brainly.com/question/30743883#
#SPJ11
Which of the following statements is correct concerning probability-proportional-to-size (PPS) sampling, also known as dollar unit sampling?
c. The auditor controls the risk of incorrect acceptance by specifying that risk level for the sampling plan.
With defining that risk level for the sample plan, the auditor manages the risk of wrong acceptance.
What is probability-proportional-to-size?PPS sampling is a technique for selecting samples from a finite population where each population unit has a size measure prior to sampling and where the probability of choosing a unit is inversely correlated with its size. Both the first step of a multi-stage design and direct sampling of businesses from a list frame are used in business surveys that employ probability proportional to size (PPS) sampling.PPS sampling offers the benefit of choosing a sample that is proportionate to the important variable.Hence, it guarantees that the sample reflects the population's heterogeneity. Thus, the sample does not require re-balancing by re-weighting in this sense.To learn more about probability-proportional-to-size, refer to:
https://brainly.com/question/29912751
The correct statement concerning probability-proportional-to-size (PPS) sampling, also known as dollar unit sampling, is c. The auditor controls the risk of incorrect acceptance by specifying that risk level for the sampling plan.
PPS sampling is a type of sampling that selects sample items based on the size of the population unit. The larger the population unit, the more likely it is to be selected in the sample.
This type of sampling is often used in auditing, as it allows the auditor to control the risk of incorrect acceptance by specifying the risk level for the sampling plan.
By doing so, the auditor can ensure that the sample is representative of the population and that the results of the audit are accurate.
Hence Option c is correct.
For more similar questions on sampling
brainly.com/question/15062060
#SPJ11
MRT, a calendar year corporation, placed the following assets in service this year. Use Table 72 and Appendix 7-A Asset Manufacturing equipment Furniture and fixtures Transportation equipment office equipment Initial Recovery Date Placed Cost Period in Service $259,000 7 years April 23 56,000 7 years May 2 225,000 5 years September 3 120,000 7 years December 1 a. Compute MRT'S MACRS depreciation with respect to the assets placed in service this year. Assume MRT does not elect to use first- year bonus depreciation or Section 179. b. In December, MRT decided to purchase $285,000 of additional equipment. The corporation could buy the equipment and place it in service before year-end, or it could postpone the purchase until January. What effect does this decision have on MRT'S depreciation with respect to the assets already in service?
For this question, we need to use Table 72 and Appendix 7-A from the IRS publication to compute MRT'S MACRS depreciation with respect to the assets placed in service this year.
a. To compute the MACRS depreciation with respect to the assets placed in service this year, we need to use the MACRS percentages and applicable recovery periods based on the asset classes. Using the information given in the question and Table 72, we can compute the depreciation for each asset as follows:
Manufacturing equipment: $259,000 placed in service on April 23, 7-year property Applicable MACRS percentage for 7-year property placed in service in 2023: 14.29% Depreciation for 2023: $259,000 x 14.29% = $37,011.10
Furniture and fixtures: $56,000 placed in service on May 2, 7-year property Applicable MACRS percentage for 7-year property placed in service in 2023: 14.29% Depreciation for 2023: $56,000 x 14.29% = $7,998.40
Transportation equipment: $225,000 placed in service on September 3, 5-year property Applicable MACRS percentage for 5-year property placed in service in 2023: 20.00% Depreciation for 2023: $225,000 x 20.00% = $45,000.00
Office equipment: $120,000 placed in service on December 1, 7-year property Applicable MACRS percentage for 7-year property placed in service in 2023: 14.29% Depreciation for 2023: $120,000 x 14.29% = $17,148.00
Therefore, the total depreciation for assets placed in service this year is: $37,011.10 + $7,998.40 + $45,000.00 + $17,148.00 = $107,157.50
b. If MRT decides to purchase $285,000 of additional equipment and place it in service before year-end, the corporation can claim additional depreciation on that equipment based on the applicable MACRS percentage and recovery period. This would increase the overall amount of depreciation claimed for the year. However, if the corporation decides to postpone the purchase of the equipment until January, it will not be able to claim any depreciation.
Learn more about depreciation.
https://brainly.com/question/1287985
#SPJ11
specialty steel, inc., needs a particular type of brick to line its kilns in order to safely achieve the high temperatures needed for the unusually strong steel it produces. the clay to make this brick is very rare, and only two brick plants in the united states make this type of brick. specialty steel owns one of these brick plants and buys all of its production. the other brick manufacturer has recently developed an inexpensive new technology whereby ordinary clay can be used to make this fire brick. this significantly reduces the production cost of this type of brick. which of the following statements is true?
The statement that is true in this scenario is that the other brick manufacturer has a competitive advantage over Specialty Steel, Inc. due to their new technology. This is because the new technology allows the other brick manufacturer to produce the same type of brick at a lower cost than Specialty Steel, Inc.
This gives them a competitive advantage because they can offer the brick at a lower price, potentially attracting more customers and increasing their profits. In contrast, Specialty Steel, Inc. is at a disadvantage because they are still using the rare and expensive clay to produce their bricks, leading to higher production costs and potentially higher prices for their customers.
This could make it more difficult for Specialty Steel, Inc. to compete with the other brick manufacturer in the market. Overall, the development of new technology by the other brick manufacturer has given them a competitive advantage over Specialty Steel, Inc. in the production and sale of the specialized brick needed for the kilns.
Know more about competitive advantage here:
https://brainly.com/question/15095207
#SPJ11
Which 2 statements are true regarding Classes in QuickBooks Online?
A - Classes affect the source of a transaction
B - You can assign multiple classes to a transaction
C - Classes can be renamed "divisions," "departments," etc., to suit different companies
D -Columns in a Balance Sheet by Class will always balance
E - The unspecified column on a Profit & Loss by Class represents transactions that have not had a class specified
The 2 true statements regarding Classes in QuickBooks Online are:
B - You can assign multiple classes to a transaction.C - Classes can be renamed "divisions," "departments," etc., to suit different companies.What is the importance of Classes in QuickBooks Online?Classes in QuickBooks Online are an important organizational tool that can help businesses track and analyze their financial data more effectively. By assigning transactions to specific classes, such as departments, products, or locations, businesses can easily view and compare financial information across different segments of their organization.
This can help identify areas of strength or weakness, make more informed business decisions, and provide a clearer picture of overall financial performance. Additionally, classes can be customized to suit the specific needs of each business, making it a flexible tool that can be tailored to fit a wide range of industries and organizational structures.
Read more about QuickBooks Online
brainly.com/question/30033265
#SPJ1
a. Make a glass of tea, .... ? (Supply the correct question tag) b. Shuvam plays cricket. (Change into Yesno question) c. Did Rama cook food? (Change into statement) d. Please don't make so much noise. Father (sleep). (Put the verb in the bracket in the correct tense) e. Amrita said to me, "Please help me." (change into reported speech) f. Does she help you? (Change into passive voice)
a. The correct question tag for the sentence "Make a glass of tea" is "will you?", which will make the complete sentence "Make a glass of tea, will you?"
b. The Yes-no question form of the sentence "Shuvam plays cricket" is "Does Shuvam play cricket?"
c. The statement form of the sentence "Did Rama cook food?" is "Rama cooked food."
d. The correct tense for the verb "sleep" in the sentence "Please don't make so much noise. Father (sleep)" is "is sleeping." Thus, the correct sentence is "Please don't make so much noise. Father is sleeping."
e. The reported speech of the sentence "Amrita said to me, 'Please help me'" is "Amrita requested me to help her."
f. The passive voice of the sentence "Does she help you?" is "Are you helped by her?"
To learn more about passive voice, refer below:
https://brainly.com/question/85850
#SPJ11
Taxation 2, George brown college, canada
Question:
Provide five fundamental differences between personal taxation and corporate taxation.
The five fundamental differences between personal taxation and corporate taxation are: Tax Rate, Income Sources, Exemptions, Filing Requirements and Deductions and Taxable Income.
Tax Rate: Personal and corporate tax rates differ greatly. Generally, personal tax rates are higher than corporate tax rates.Income Sources: Personal income is earned by an individual, while corporate income is earned by a business entity.Exemptions and Deductions: Personal taxpayers may claim certain exemptions and deductions not available to corporate taxpayers.Filing Requirements: Personal taxpayers will file their taxes using a standard tax form, while corporations must file separate tax forms.Taxable Income: Corporate taxable income is calculated based on the profits earned by the corporation, while personal taxable income is calculated based on the individual's taxable income (minus any exemptions and deductions).Learn more about George brown college
https://brainly.com/question/27819213
#SPJ11
What is the purpose of completing a W-4 form? (3 points) 2. List the three types of information you must provide in Step 1 of the W-4 form. (3 points) 3. If you need more information about how to complete Step 2 of the W-4 form, where can you find it? (3 points) 4. If you have two children, ages 2 and 4, how much should you record in Step 3 of the form? (3 points) 5. What are the three types of other adjustments" you could record in Step 4 of the W-4 form? (3 points)
Your Social Security number, address, and name Additional adjustments include Excess withholding, Other income, and Deductions. Your married filing jointly and the amount of allowances you are using are other factors.
What are an example and income?For many people, an illustration of income would've been their wage from a job. Any money that a person or corporation receives in exchange for labor, the creation of goods and services, or the investment of capital can be termed income.
What does a business's income mean?Income, often known as "net income" or "net profit," is the sum of a company's profits less costs. It is computed by deducting income from business expenses including depreciation, debt, tax, and other charges.
To know more about income visit:
https://brainly.com/question/14732695
#SPJ1
E6.4 Average sales revenue of a restaurant with 90 seats for a month with a seat turnover of2.7 and 26 operating days is $64,760. Determine the average check for the month. E6.5 Using information from E6.4, determine the effect on the average check if seat turnover decreases from 2.7 to 2.0 times per day. E6.6 A restaurant with 100 seats, serving both lunch and dinner 6 days per week, reported total annual sales revenue of $998,000. Dinner generates 68%of total sales revenue, with a seat turnover of 1.75. What is the average check for dinner? E6.7 A rooms operation reported a total of 18,760 rooms sold, with a total of 23,450 guests in the previous year. What was the double occupancy rate?
1. The average check for the month is $9.62 per seat.
2. If the seat turnover decreases from 2.7 to 2.0 times per day, the average check would increase from $9.62 to $13.83 per seat.
3. The average check for dinner is $12.52 per seat.
1.What is the average check for the month?To calculate the average check for the month, we need to first find the total number of seats occupied during the month. The total seats occupied:
= 90 seats x 2.7 seat turnover x 26 days
= 6,732 seats
Now, we can divide the total sales revenue by the total number of seats occupied to get the average check. The Average check:
= $64,760 / 6,732 seats
= $9.62 per seat
2. What is the effect on the average check?If the seat turnover decreases from 2.7 to 2.0 times per day, it means that each seat is occupied for a longer period of time. This would likely result in a decrease in the average check, since customers will be spending less time in the restaurant and ordering fewer items.
To calculate the new average check, we can use the same formula as in question 1:
Total seats occupied:
= 90 seats x 2.0 seat turnover x 26 days
= 4,680 seats
New average check:
= $64,760 / 4,680 seats
= $13.83 per seat
3. is the average check for dinner?To calculate the average check for dinner, we need to first find the total number of seats occupied during dinner service. Assuming lunch and dinner have the same number of seats, we can calculate the total number of seats occupied during the week as:
Total seats occupied:
= 100 seats x 2 seat turnover x 6 days x 2 (for both lunch and dinner)
= 24,000 seats
Then, we can calculate the total sales revenue for dinner as:
Dinner sales revenue = $998,000 x 68%
Dinner sales revenue = $678,640
We can then use the same formula as in question 1 to calculate the average check for dinner:
Average check = $678,640 / (24,000 seats x 68% x 2)
Average check = $12.52 per seat
Read more about Sales revenue
brainly.com/question/29436143
#SPJ1
Buipe is a public limiited liability company. In order to expand its operations, Haven entered into a five year lease of a vuilding on January 1st 2021. The building had a remaining useful life of 10 years. Haven has agreed to make rental payments of $75,000 per annum at the beginning of each year. The agreement does not provide for the transfer of the asset at the end of the lease term and there is no purchase option. Haven made a payment of $35,000 as initial direct cost and receives lease incentive of $7,500. The interest rate implicit in the lease is not immediately determinable.The leases incremental borrowing is 5%. At the commencement date, Haven pays the initial $75,000, incurs the direct cost and receives lease incentive. 1. Demonstrate how the lease will be accounted for in the five year period in the financial statements.
2. Prepare Statement of Profit or Loss and statement of financial position extracts for the 5 year period.
BUIPE stands for Bargain purchase option, Useful life, Implicit rate, Payment, and Executory costs. When answering questions on the Brainly platform, you should always be factually accurate, professional, and friendly.
Additionally, you should be concise and avoid providing extraneous amounts of detail. Furthermore, it is essential to ignore any typos or irrelevant parts of the question, and you should not repeat the question in your answer. Instead, provide a step-by-step explanation in your answer.
The lease of a building will be accounted for in the financial statements as an operating lease since there is no transfer of the asset at the end of the lease term and no purchase option.
Since the interest rate implicit in the lease is not immediately determinable, the lessee will use the incremental borrowing rate of 5%.
The initial payment of $35,000 will be amortized over the lease term as a direct cost. The lease incentive of $7,500 will also be amortized over the lease term as a reduction in rent.
The total lease payments of $75,000 per annum will be recorded as an expense in the statement of profit or loss, and the lease liability will be recognized in the statement of financial position.
To prepare the statement of profit or loss and the statement of financial position extracts for the five-year period, the following steps should be taken:
Step 1: Calculate the present value of lease payments using the incremental borrowing rate of 5%.
Step 2: Record the lease liability and the right-of-use asset on the statement of financial position.
Step 3: Record the direct cost and the lease incentive on the statement of profit or loss over the lease term.
Step 4: Record the lease payment on the statement of profit or loss over the lease term.
Step 5: Calculate the interest expense on the lease liability and record it on the statement of profit or loss over the lease term.
Step 6: Calculate the depreciation expense on the right-of-use asset and record it on the statement of profit or loss over the lease term.
Step 7: Prepare the statement of profit or loss and the statement of financial position extracts for the five-year period.
To learn more about executory costs, refer below:
https://brainly.com/question/14929478
#SPJ11
Wells Fargo Banking Scandal .Analysis of the proposed situation offering the appropriate rules to ensure sound business practices. Present an analysis of the ethically and legally relevant elements raised by the "Wells Fargo Banking Scandal" proposing a strategy and stating the appropriate rules to ensure sound business practices in related situations. Note that your work shall present a critical thinking angle and that your arguments shall be backed up by relevant literature and resources duly cited and referenced. Please make sure you support your statements with information from relevant sources, respecting the Harvard Referencing Style Guide in use. word count- minimum of 2000 words
The Wells Fargo Banking Scandal is a reminder of the need for effective ethical policies and procedures in order to ensure sound business practices. The scandal involved the creation of more than two million accounts without customers' knowledge and consent, resulting in a fine of $185 million.
This scandal highlights the importance of protecting the rights of consumers and employees and following the rules of ethical conduct, such as not using deceptive practices, not pressuring employees into unethical actions, and putting in place sound business practices that promote honesty and integrity.
In order to prevent a similar situation from occurring, organizations must implement an ethical code of conduct that outlines the values and beliefs of the organization. The code should be specific and clearly defined, include clear consequences for unethical behavior, and be regularly reviewed and updated to ensure that it is in line with the latest regulations and ethical standards. Organizations should also establish a formal complaint process for employees to use in case of unethical practices, such as creating unauthorized accounts.
Additionally, organizations should create a culture of ethical conduct, which can be accomplished by conducting training for employees and management on ethics, establishing whistleblowing policies, and regularly evaluating employee performance. Organizations should also ensure that their employees are aware of the consequences of unethical behavior, including disciplinary actions and possible criminal charges.
Organizations should also monitor employee activities and create an internal audit system to identify areas of risk. This audit system should focus on identifying any discrepancies between the stated policies and actual practices. Organizations should also institute whistleblower protection programs and other incentives to encourage reporting of unethical practices.
Finally, organizations should create policies that promote openness and transparency. This includes developing reporting systems that allow employees to report unethical behavior without fear of repercussions, allowing external oversight of the organization's activities, and developing a process to report any discrepancies between the organization's statements and the facts.
By implementing these steps, organizations can ensure that their practices are in compliance with ethical standards and protect the rights of their employees and customers.
Learn more about Wells Fargo Banking Scandal at: https://brainly.com/question/27317823
#SPJ11
The government is considering imposing an excise tax on the following set of items. If the government wants to minimize the deadweight loss (DWL) of taxation, which of the following items are good candidates for an excise tax? Choose one or more: O A. salt O B. gasoline O C. tangerines O D. Ford trucks
The items that are good candidates for an excise tax if the government wants to minimize the deadweight loss (DWL) of taxation are gasoline and tangerines. Option B and C are correct.
Deadweight loss (DWL) is the economic cost incurred as a result of an inefficient allocation of resources caused by taxes. The size of deadweight loss depends on the elasticity of the demand and supply curve of the goods being taxed. The higher the elasticity, the higher the deadweight loss caused by the tax.
As per the question, the government is considering imposing an excise tax on the given set of items that include salt, gasoline, tangerines, and Ford trucks. The items that have inelastic demand are good candidates for an excise tax as the consumers' response to the tax would be low, and the impact of the tax would fall mainly on the producer's revenue, which in turn leads to lower deadweight loss (DWL) of taxation.
Gasoline and tangerines are good candidates for an excise tax as their demand is inelastic. The price of gasoline and tangerines can be raised without causing a significant change in the quantity of demand, and thus, there would be a lower deadweight loss (DWL) of taxation.
Salt and Ford trucks are not good candidates for an excise tax because salt has elastic demand, which means that consumers can easily switch to a cheaper alternative, and the impact of the tax would fall mainly on the consumers, resulting in higher deadweight loss. Similarly, Ford trucks also have elastic demand, and hence, a tax on Ford trucks would lead to higher deadweight loss.
To know more about excise tax, refer here:
https://brainly.com/question/22358769#
#SPJ11
g ch 4 hw navigation ebook videos print question 6 incorrect mark 0.00 out of 1.00 not flaggedflag question question text determining fair value measurement in preparing its december 31 year-end financial statements, diego enterprises is measuring the fair value of its 100 share investment in javier inc., originally purchased at $105 per share at january 1 of this year. shares of javier inc. are actively traded on two stock exchanges. the quoted stock price and transactions cost per share are $112 and $4 for exchange one and $115 and $8 for exchange two, respectively, on december 31.
The final fair value measurement of the 100 share investment in Javier Inc. is $10,800.
The fair value measurement of Diego Enterprises' 100 share investment in Javier Inc. can be determined by calculating the fair value of the shares on each of the two stock exchanges and then selecting the one with the highest fair value.
The fair value on exchange one is calculated by multiplying the quoted stock price by the number of shares and then subtracting the transaction cost. The same calculation is done for exchange two.
The fair value on exchange one is ($112 x 100) - ($4 x 100) = $10,800. The fair value on exchange two is ($115 x 100) - ($8 x 100) = $10,700. Since the fair value on exchange one is higher, Diego Enterprises should use this value in its December 31 year-end financial statements.
The fair value measurement of the 100 share investment in Javier Inc. is $10,800.
To know more about fair value refer here:
https://brainly.com/question/30027849#
#SPJ11
1. Describe the two basic approaches to estimating uncollectible accounts under the allowance method and the rationale for each. 2. Find an example on Edgar for how a public company discloses its practice for estimating allowance for uncollectible accounts. You may choose any company, and you will find the information in a company's 10-K, "Notes to the Financial Statements," in the first disclosure note "Summary of Significant Accounting Policies." Describe how your example company estimates its allowance for uncollectible accounts. 3. Which basic approach to estimating do you think your example company is using?
1. Two basic approaches to estimating uncollectible accounts under the allowance method are the percentage of sales method and the percentage of accounts receivable method. 2. An example of public company disclosing its its practice for estimating the allowance for uncollectible accounts is Ford Motor Company’s 10-K. 3. Ford is using percentage of accounts receivable method.
1. There are two basic approaches to estimating uncollectible accounts under the allowance method, the percentage of sales method and the percentage of accounts receivable method. For the percentage of sales method, the allowance for uncollectible accounts is computed by estimating the percentage of credit sales that will eventually become uncollectible. It is based on the income statement.
The percentage of accounts receivable method, on the other hand, focuses on the balance sheet. It estimates the percentage of accounts receivable that will become uncollectible.
2. An example of how a public company discloses its practice for estimating the allowance for uncollectible accounts is by looking at Ford Motor Company’s 10-K. In their notes to the financial statements, “Summary of Significant Accounting Policies”, the following statement can be found: “The allowance for doubtful accounts is determined based on historical loss experience and management’s evaluation of the financial condition of its customers. Accounts receivable are written off when they are deemed to be uncollectible.”
3. Ford Motor Company appears to be using the percentage of accounts receivable method to estimate the allowance for uncollectible accounts. They base it on their historical loss experience and an assessment of their customers' financial status.
Learn more about Uncollectible accounts:
https://brainly.com/question/20597051
#SPJ11