the president does not want to change the selling price. instead, he wants to increase the sales commission by $2.20 per unit. he thinks that this move, combined with some increase in advertising, would increase this year's unit sales by 25%. how much could the president increase this year's advertising expense and still earn the same $1,300,000 net operating income as last year?
Answers
The president can increase this year's advertising expenses by a maximum of 0.05 times the selling price per unit times last year's unit sales, plus 0.55 times last year's unit sales, minus $2.20, and still earn the same net operating income as last year.
To earn the same net operating income as last year, the president needs to calculate the total revenue required after the sales commission and advertising expenses. Then, he can subtract the cost of goods sold and the fixed expenses to determine the amount available for advertising. Here's the calculation:
Let "x" be the number of units sold last year and "p" be the selling price per unit.
Last year's revenue = x * p
Last year's net operating income = (x * p * 0.4) - fixed expenses
This year's revenue (assuming 25% increase in unit sales) = 1.25x * p
This year's net operating income = (1.25x * (p-2.20) * 0.4) - fixed expenses
The president wants to find out the maximum increase in advertising expenses, let's call it "a", such that the net operating income remains the same:
(1.25x * (p-2.20) * 0.4) - fixed expenses = (x * p * 0.4) - fixed expenses - a
Solving for "a", we get:
a = 0.05x*p + 0.55x - 2.2
In summary, the president can increase advertising expenses up to the calculated limit while maintaining the same net operating income as last year.
To know more about advertising expense click on below link:
https://brainly.com/question/29849191#
#SPJ11
Related Questions
Parents may claim a $2,000 child tax credit for a dependent child who is 22 years of age at the end of the year if the child is a full-time student.
Answers
Parents may claim a $2,000 child tax credit for a dependent child who is 22 years of age at the end of the year if the child is a full-time student. The Child Tax Credit is a refundable tax benefit claimed by filing Form 1040 claim a tax credit of $2,000 per qualifying dependent child under age 17
What is Child Tax Credit?Different nations offer parents with dependent children a tax advantage known as the child tax credit (CTC). The credit is frequently correlated with the number of dependent children a taxpayer has, as well as occasionally with their income. For instance, only families in the United States who earn less than $400,000 year are eligible to get the entire CTC. Similar to the United States, only families earning less than £42,000 a year are eligible for the tax credit in the United Kingdom.
The federal child tax credit (CTC) in the United States is a tax credit that is only partially refundable for parents of dependent children. Subject to an earned income level and phase-in, it offers $2,000 in tax relief per eligible kid (with up to $1,400 of that amount being refundable).
To learn more about Child Tax Credit from the given link:
https://brainly.com/question/17395659
#SPJ4
Joshua controls all the pay rates, raises, and bonuses in your department. He is also able to assign you to an interesting work project and give you the most lucrative sales territory. Joshua has ________ power.
Answers
Joshua has complete authority over your department's pay scales, promotions, and incentives. Additionally, he can provide you the most lucrative sales region and a fun job assignment. Joshua has reward power.
A promotional incentive is a coupon, rebate, or other incentive offered to persuade a consumer to buy goods, food, or services for which I the consumer provides no direct consideration or (ii) the direct consideration provided is insufficient to cover the cost of the goods, food, or services to be received. Rewards offered by a firm to present and potential consumers to encourage conversions are known as marketing incentives. These conversions may consist of first-time purchases, follow-up purchases, website visits, email signups, referrals, and more.
Learn more about incentives visit https://brainly.com/question/13037087
#SPJ4
it is important to note that numerical results are not very useful unless they are accompanied with clearly stated actionable business t or f
Answers
It is important to note that numerical results are not very useful unless they are accompanied by a clearly stated actionable business. The statement is True.
What is business?An economic activity that involves the exchange of goods and services with the help of buying and selling with the objective to gain some profit is called Business.
It's crucial to keep in mind that numbers simply are not very beneficial unless they are supported by a specifically stated, executable business plan. It suggests that the character might devise a method to increase comprehension and provide the perfect idea.
Therefore, the statements is True.
Learn more about insight, here:
brainly.com/question/30397241
#SPJ1
A cost that remains constant per unit at various levels of activity is a
a. variable cost.
b. mixed cost.
c. manufacturing cost.
d. fixed cost.
Answers
A cost that remains constant per unit at various levels of activity is a. variable cost. A variable cost changes in direct proportion to the level of activity, meaning it remains constant per unit even as the level of activity changes.
What do you understand by variable cost?Fixed costs, on the other hand, remain the same in total but change per unit as the level of activity changes. Mixed costs have both variable and fixed components, and manufacturing costs include all costs related to the production of a product.
An expense for the company that varies according on how much is produced or sold is called a variable cost. Depending on the a company's manufacturing or sales volume, variable costs grow or fall. They climb as production rises and reduce as production declines.
To know more about variable cost visit:
https://brainly.com/question/27853679
#SPJ11
how have the careers grown due to c0vid 19
Answers
Answer:
They haven’t
Explanation:
Due to C0VID 19 numerous companies have been forced to shut down throughout the nation and therefore suggesting that the only companies that are growing are the ones whom benefit from other company shutdowns, if a lumber is currently producing over three tons of lumber per day and the lumber next to it is producing six tons. If the one of those mills shut down the other will gain the business that the previous mill had and possibly be able to also produce more lumber due to a more increased number in resources
Companies A and B are in the same industry and are identical except for cost structure. At a volume of 50,000 units, the companies have equal net incomes. At 60,000 units, Company A's net income would be substantially higher than B's. Based on this
information,
Multiple Choice
A. Company B's cost structure has higher fixed costs than A's.
B. Company A's cost structure has more variable costs than B's.
C. At a volume of 50,000 units, Company A's magnitude of operating leverage was lower than B's.
Answers
Based on the given information, Company A's net income would be substantially higher than Company B's at a volume of 60,000 units, while their net incomes are equal at 50,000 units. This suggests that Company A has a cost structure with more variable costs than Company B.
The difference in net income between the two companies at different volume levels indicates that Company A's cost structure has a higher proportion of variable costs compared to Company B. Variable costs are expenses that change in direct proportion to the level of production or sales. As the volume increases from 50,000 units to 60,000 units, the higher variable costs of Company A lead to a larger increase in net income compared to Company B.
On the other hand, Company B's cost structure likely has higher fixed costs. Fixed costs remain constant regardless of the level of production or sales. Since Company B's net income does not increase substantially between 50,000 and 60,000 units, it suggests that the majority of its costs are fixed, resulting in lower flexibility in adjusting costs and profitability as the volume changes.
Learn more about net income here:
https://brainly.com/question/31193110
#SPJ11
Karen has determined that she is ready to start investing. She is young and interested in the stock market. At this stage, she doesn't want to overcommit herself. Describe the specific steps Karen should take when investing her money in the stock market. (Worth 20 Points)
Answers
Answer: 1. Learn the basics of investing As with any new adventure, investing might seem challenging at first.
2. Find your investing identity Another important part of the process is to discover your investing identity.
3. Discover the right investments for you
4. Open and fund your brokerage account
5. Make your first investment
Explanation:
rue or false: The benefits of using posters to communicate health information are the variety of locations in which they can be hung and the lower expense.
Answers
True
Using posters to communicate health information offers several benefits. Firstly, posters can be hung in a variety of locations, including public spaces, healthcare facilities, schools, and workplaces, reaching a wide audience.
This widespread visibility increases the chances of the information being seen and absorbed by individuals.
Secondly, compared to other forms of communication, posters are generally considered a cost-effective option. Printing and distributing posters can be more affordable compared to producing other media formats, such as videos or brochures. This makes posters a practical choice for organizations with limited budget or resources.
However, it's important to note that while posters have their advantages, they also have limitations. They primarily rely on visual elements and concise messages, which may not provide in-depth information or engage individuals who prefer other learning styles. Additionally, the effectiveness of posters in conveying health information may depend on factors such as the design, placement, and target audience.
Overall, posters can be a valuable tool for communicating health information due to their versatility in terms of location and relatively lower expense. However, it's essential to consider the specific context, target audience, and the need for supplementary communication methods to ensure the message is effectively delivered.
Learn more about budget here:
https://brainly.com/question/31952035
#SPJ11
Do you think large multinational corporations in general like Wal-Mart, Apple, McDonalds and Frito Lay are good or bad for the world? Is "globalization" another word for “Americanization”? Why or why not? (3 points) Explain using complete sentences.
Answers
Answer:
I think multinational corporations in like these are bad. Because even people on diets or trying to diet, and people buy it for them not knowing its hard for them to say no.
Explanation:
With the use of relevant research discuss the advantages and disadvantages of batch processing.
Answers
Batch processing is a method of data processing where a group of transactions or data is collected and processed together as a batch. This approach has both advantages and disadvantages, which are outlined below based on relevant research:
Advantages of Batch Processing:
Efficiency: Handling huge amounts of data or transactions is made easier by batch processing. By combining them, it enables the processing of several transactions at once, cutting down on processing time and enhancing system performance.Cost-Effective: Batch processing can be less expensive than real-time or online processing since it uses less resources. Bulk transaction processing lessens the requirement for ongoing system monitoring and quick responses.Batch processing makes it possible to centrally handle errors and manage exceptions. Before processing the following batch, errors that arise during the processing of a batch can be found, logged, and fixed. This enhances error management and guarantees data integrity.Batch processing enables the scheduling and prioritization of several batches in accordance with their importance or urgency.Disadvantages of Batch Processing:
Processing Delay: The time between data submission and processing is one of the main downsides of batch processing. In particular for time-sensitive tasks, transactions must wait while the batch is completed, which might result in slower response times.It can be difficult to identify and monitor individual transactions within a batch because transactions are bundled and handled as a single operation. This may have an effect on auditing, fixing errors, and monitoring the progress of particular transactions.Increased Storage Needs: Before processing, batch processing frequently necessitates interim storage for the batched data. In particular, for large batches or organizations with high transaction volumes, this may result in increasing storage needs.Limited Real-Time Decision-Making: For situations that need in-the-moment judgment or an immediate response, like online transactions or financial trading systems, batch processing is unsuitable. Making timely judgments may be impacted by the processing latency.To know more about Batch Processing, refer
https://brainly.com/question/32094388
#SPJ4
Vaughn Company asks you to review its December 31, 2020, inventory values and prepare the necessary adjustments to the books. The following information is given to you. 1. Vaughn uses the periodic method of recording inventory. A physical count reveals $411,058 of inventory on hand at December 31, 2020. 2. Not included in the physical count of inventory is $23,485 of merchandise purchased on December 15 from Browser. This merchandise was shipped f.o.b. shipping point on December 29 and arrived in January. The invoice arrived and was recorded on December 31. 3. Included in inventory is merchandise sold to Champy on December 30, f.o.b. destination. This merchandise was shipped after it was counted. The invoice was prepared and recorded as a sale on account for $22,400 on December 31. The merchandise cost $12,863, and Champy received it on January 3. 4. Included in inventory was merchandise received from Dudley on December 31 with an invoice price of $27,353. The merchandise was shipped f.o.b. destination. The invoice, which has not yet arrived, has not been recorded. 5. Not included in inventory is $14,945 of merchandise purchased from Glowser Industries. This merchandise was received on December 31 after the inventory had been counted. The invoice was received and recorded on December 30. 6. Included in inventory was $18,267 of inventory held by Vaughn on consignment from Jackel Industries. 7. Included in inventory is merchandise sold to Kemp f.o.b. shipping point. This merchandise was shipped on December 31 after it was counted. The invoice was prepared and recorded as a sale for $33,075 on December 31. The cost of this merchandise was $18,410, and Kemp received the merchandise on January 5. 8. Excluded from inventory was a carton labeled "Please accept for credit." This carton contains merchandise costing $2,625 which had been sold to a customer for $4,550. No entry had been made to the books to reflect the return, but none of the returned merchandise seemed damaged; Vaughn will honor the return. Determine the proper inventory balance for Vaughn Company at December 31, 2020. Inventory balance as on December 31, 2017 $
Answers
The proper inventory balance for Vaughn Company at December 31, 2020, is $429,926.
To determine the proper inventory balance for Vaughn Company at December 31, 2020, we need to make the necessary adjustments based on the given information:
1. Start with the physical count of inventory: $411,058
2. Add merchandise purchased from Browser not included in the physical count: $411,058 + $23,485 = $434,543
3. Deduct merchandise sold to Champy included in inventory: $434,543 - $12,863 = $421,680
4. Add merchandise received from Dudley not yet recorded: $421,680 + $27,353 = $449,033
5. Add merchandise purchased from Glowser Industries not included in inventory: $449,033 + $14,945 = $463,978
6. Deduct inventory held on consignment from Jackel Industries: $463,978 - $18,267 = $445,711
7. Deduct merchandise sold to Kemp included in inventory: $445,711 - $18,410 = $427,301
8. Add merchandise returned by a customer not yet recorded: $427,301 + $2,625 = $429,926
for more such questions on inventory
https://brainly.com/question/30894716
#SPJ11
──────────────dis sum buisness yuh──────────────────────────
───────────████──███────────────────────
──────────█████─████────────────────────
────────███───███───████──███───────────
────────███───███───██████████──────────
────────███─────███───████──██──────────
─────────████───████───███──██──────────
──────────███─────██────██──██──────────
──────██████████────██──██──██──────────
─────████████████───██──██──██──────────
────███────────███──██──██──██──────────
────███─████───███──██──██──██──────────
───████─█████───██──██──██──██──────────
───██████───██──────██──────██──────────
─████████───██──────██─────███──────────
─██────██───██─────────────███──────────
─██─────███─██─────────────███──────────
─████───██████─────────────███──────────
───██───█████──────────────███──────────
────███──███───────────────███──────────
────███────────────────────███──────────
────███───────────────────███───────────
─────████────────────────███────────────
──────███────────────────███────────────
────────███─────────────███─────────────
────────████────────────██──────────────
──────────███───────────██──────────────
──────────████████████████──────────────
──────────████████████████──────────────
────────────────────────────────────────
────────────────────────────────────────
Answers
Answer:
how long did is take to make that
Explanation:
Lol what is that even
how do our normative positions affect the choices we make individually and society
Answers
Our normative positions affect the choices we make by affecting
Who to voteHow to treat people The time and the period to marry.What are normative positions?These are the ways that people are able to come up with new ideas as well as new positions.
It teaches of the various necessary channels that may help one to effect out of the box thinking.
Read more on Normative here:
https://brainly.com/question/25870371
#SPJ1
which of the following is not included in the corrective action principle
Answers
The following is not included in the corrective action principle Covering a cut with a bandage and finger cot .
What is the Corrective action principle?
Each corrective action must be documented and have a written Corrective Action Plan. Each danger and each CCP have particular corrective measures. The strategy must outline immediate corrective measures. However, monitoring processes will have different time considerations. It is crucial to remember that if a deviation occurs, all food products created since the last monitoring observation or measurement must undergo a correction step. Therefore, processes for detaining suspected product as appropriate should be included in a corrective action plan's provisions.Corrective measures are essential for avoiding the sale of dangerous goods. Every departure from a Critical Limit requires the implementation of corrective measures. Correcting the deviation's root cause and making any necessary adjustments will stop it from happening again. These steps must be taken, they must be complete, and they must be documented.To know more about corrective action principle visit:
https://brainly.com/question/26072229
#SPJ9
1.05 the market place economic
Answers
A market economy serves as an economic system in which economic activities is been controlled by individuals.
What is market economy?market economy serves as the economy that that gives country's individual citizens and businesses to be able to make decisions .
This decision could be pricing of goods and services which are been controlled by the interactions of a country's individual citizens.
COMPLETE QUESTION:
Explain market place economy
Learn more about market economy at:
https://brainly.com/question/11471834
#SPJ1
Fundamentals of Planning A mission statement expresses an organization's reason for being. A vision statement expresses what an organization wishes to become. These mission and vision statements then drive strategic planning, tactical planning, and operational planning. This activity is important because proper planning is essential for providing an organization with the direction and momentum it needs to reach its goals and develop a sustainable competitive advantage. points Skipped eBook The goal of this exercise is to help you to recognize what mission and vision statements, and the three levels of planning, look like in action, and to see how they relate to one another in an organization. References Dalton Skot is the CEO and president of a midsize fishing lure production company. The company has been very successful since its founding five years ago. Dalton has stated that his company makes professional-quality products that are accessible to the recreational angler. A recent article in a popular business magazine quoted him as saying, "The company wants to provide a chance for every person to reach his or her highest fishing potential without sacrificing their retirement savings to do it." The company has worked to keep control of the business in the family. The vice president of operations, Cooper Skot, is Dalton's brother, and the new product development manager is his sister, Sloan Skot. Dalton and Cooper have big plans to grow the company by 50 percent over the next five years. Sloan says her department plans to introduce 10 revolutionary new lures to the company's already exciting lineup of products over the next two years. Some of her special project managers have the designs complete now and are working to streamline the production tools to maximize efficiencies and thus bring costs down.
Answers
The matchup are:
Mission Statement: His company makes professional-quality products that are accessible to the recreational angler. The company wants to provide a chance for every person to reach his or her highest fishing potential without sacrificing their retirement savings to do it.
Vision Statement: To grow the company by 50% over the next five years.
Strategic Planning: To achieve the goal of growing the company by 50% over the next five years.
Tactical Planning: Her department plans to introduce 10 revolutionary new lures to the company's already exciting lineup of products over the next two years.
Operational Planning: Project managers have the designs complete now and are working to streamline the production tools to maximize efficiencies and thus bring costs down.
What is the mission statement?In this text, the importance of mission and vision statements, as well as the three levels of planning, is discussed in the context of a fishing lure production company led by CEO and president Dalton Skot. The company's mission is to provide professional-quality products accessible to recreational anglers without sacrificing their retirement savings.
Therefore, The vision is to help every person reach their highest fishing potential. The company has been successful in keeping control of the business within the family, with Dalton's brother Cooper serving as the vice president of operations and his sister Sloan serving as the new product development manager.
Learn more about mission statement from
https://brainly.com/question/30529938
#SPJ1
See text below
Fundamentals of Planning A mission statement expresses an organization's reason for being. A vision statement expresses what an organization wishes to become. These mission and vision statements then drive strategic planning, tactical planning, and operational planning. This activity is important because proper planning is essential for providing an organization with the direction and momentum it needs to reach its goals and develop a sustainable competitive advantage. points Skipped eBook The goal of this exercise is to help you to recognize what mission and vision statements, and the three levels of planning, look like in action, and to see how they relate to one another in an organization. References Dalton Skot is the CEO and president of a midsize fishing lure production company. The company has been very successful since its founding five years ago. Dalton has stated that his company makes professional-quality products that are accessible to the recreational angler. A recent article in a popular business magazine quoted him as saying, "The company wants to provide a chance for every person to reach his or her highest fishing potential without sacrificing their retirement savings to do it.". It looks like the company has done some serious planning to support its "tall tale" of success. Match each term with the correct statement or level of management planning. Tactical Planning N Vision Statement Mission Statement Operational Planning Strategic Planning paints Skipped Match each of the options above to the items below. eBook References His company makes professional-quality products that are accessible to the recreational angler. The company wants to provide a chance for every person to reach his or her highest fishing potential without sacrificing their retirement savings to do it. To grow the company by 50% over the next five years Her department plans to introduce 10 revolutionary new lures to the company's already exciting lineup of products over the next two years. Project managers have the designs complete now and are working to streamline the production tools to maximize efficiencies and thus bring costs down. Match each of the options above to the items below. His company makes professional-quality products that are accessible to the recreational angler. The company wants to provide a chance for every person to reach his or her highest fishing potential without sacrificing their retirement savings to do it. To grow the company by 50% over the next five years Her department plans to introduce 10 revolutionary new lures to the company's already exciting lineup of products over the next two years. Project managers have the designs complete now and are working to streamline the production tools to maximize efficiencies and thus bring costs down.
dan is an experienced accounting professional who values conservative and practical decisions. what would be the best way to communicate with him? a. ask him about his weekend and tell him about yours for 30 minutes before the meeting. b. collaborate with him on numerous ideas during the meeting. c. send him an email with minimal information asking him to make a decision prior to the meeting. d. give him factual evidence during a meeting so he can make a recommendation
Answers
Give him factual evidence during a meeting so he can make a recommendation would be the best way to communicate with him.
Option D is correct.
Professional accountants:A professional who carries out accounting tasks like account analysis, auditing, or analyzing financial statements is referred to as an accountant. Accounting firms or large corporations' internal account departments employ accountants. Additionally, they may establish their own distinct practices.
What does a professional accountant do?Business professionals who are accountants help with corporate strategy, give advice, and help businesses cut costs, boost their bottom line, and reduce risks. In business, professional accountants represent the interests of the company's owners—i.e., shareholders in a public company—as board directors.
Learn more about professional accountant:
brainly.com/question/28012992
#SPJ4
The W-4 tax form is used to?
Answers
Answer:
use compute the amount of federal income tax to deduct and withhold from the employee's pay
Explanation:
Answer:
tell your employees how much federal income tax to withhold from your paychecks to send to the IRS
Explanation:
In what three ways does the government affect production of goods and services in the US economy?
Answers
What is the standard deduction for marry filing joint for tax year 2017?
Answers
Answer: $12700
Explanation:
Standard deduction refers to the portion of income that's not being subjected to tax which can be used in the reduction of the tax bill. It should be noted that the amount of one's standard deduction will be based on the age, filing status, age, as well as some other criteria.
For taxpayers who don’t itemize, it should be noted that the 2017 standard deduction depends on the filing status and this include:
Single = $6,350
Married Filing Jointly = $12,700
Married Filing Separately = $6,350
Head of Household = $9,350
Qualifying Widow(er) = $12,700
esearch on transformational and transactional leadership shows a. transactional leadership is more effective than transformational leadership. b. transactional leaders have little to no influence on employee attitudes. c. transformational leaders create higher levels of commitment to organizational change efforts. d. transactional leaders increase the intrinsic motivation of their followers.
Answers
Based on various study analyses, the research on transformational and transactional leadership shows that "transformational leaders create higher levels of commitment to organizational change efforts."
This is because transformational leaders are the type of leaders that encourage and motivate their followers to make effective changes.
On the other hand, transactional leaders are types of leaders that mainly promote changes that favor their self-interest.
Hence, in this case, it is concluded that the correct answer is option C. "transformational leaders create higher levels of commitment to organizational change efforts."
Learn more here: https://brainly.com/question/14352853
according to the etextbook, which supply chain business process is responsible for dealing with issues related to packaging , returns, and product recalls?
Answers
According to the e-textbook, the supply chain business process that is responsible for dealing with issues related to packaging, returns, and product recalls is Reverse Logistics.Reverse logistics is a part of the supply chain process that deals with the handling of products, packages, or materials from the point of consumption.
Reverse logistics is responsible for dealing with issues related to the reverse flow of goods, including returns, refurbishment, repair, recycling, product recalls, and disposal. It is critical in making sure that the company can receive the value of the product back while ensuring the environmental and financial sustainability of the process. I
n short, reverse logistics is responsible for creating a sustainable and efficient way of handling the products that move in the opposite direction of the typical supply chain.
To know more about chain business visit:-
https://brainly.com/question/28144881
#SPJ11
The _____ process is a noncompetitive application process.
Answers
Answer:procurement
Explanation:buyer will only select the firm that is to buy from or even restricts the bidding criteria to certain firm suppliers.
1. Give two examples of how life Insurance premiums would be determined based on ageand gender. Explain which type of life Insurance you would
recommend for each situation.
Answers
Answer:
Life insurance is designed to pay out a death benefit to the person or persons you name as beneficiaries when you pass away. In exchange for this coverage, you pay a premium to the life insurance company. In the case of term life insurance, you'd pay these premiums for a set term prescribed by the policy. With permanent life insurance coverage, premiums are due as long as the policy remains in effect
BE HE 1 un 1054 am v V V A > > > > 5553 Cash At R Supplies font A P D' Adverthing Ex and & Exp KOMBI > > V Bramble Security Company provides security services. Selected transactions for Bramble are as follows. Oct. 1 Invested $61,000 cash in the business. 2 Hired part-time security consultant. Salary will be $3,000 per month. First day of work will be October 15. Paid one month of rent for building for $3,000. 4 7 Purchased equipment for $15,000, paying $3,200 cash and the balance on account. 8 Paid $500 for advertising. 10 Received bill for equipment repair cost of $350. Provided security services for event for $3,700 on account. Purchased supplies for $420 on account. Paid balance due from October 7 purchase of equipment. Received and paid utility bill for $128. Received payment from customer for October 12 services performed. Paid employee salaries and wages of $4,500.
Answers
Bramble Security Company had net cash outflows of $23,800 and an ending balance of $37,200.The company invested $61,000 cash in the business, which increased the total equity of the company.
Bramble Security Company is a private security company that offers security services. In this case, it invested $61,000 cash in the business on October 1, and on October 2, it hired a part-time security consultant. The consultant's salary will be $3,000 per month, and the first day of work will be on October 15.
Bramble paid one month of rent for the building for $3,000. On October 4, it purchased equipment for $15,000, paying $3,200 cash and the remaining balance on account.On October 7, Bramble Security Company paid $500 for advertising. Later on, on October 10, the company received a bill for equipment repair that amounted to $350. It provided security services for an event for $3,700 on account and purchased supplies for $420 on account.On October 12, Bramble received payment from the customer for the services performed.
Lastly, on October 31, Bramble paid employee salaries and wages of $4,500. The sum of all the transactions amounts to $91,200 in October.Generally, Bramble Security Company had cash outflows of $26,500, which are as follows: Hired part-time security consultant, paid for rent, paid for advertising, paid for equipment, paid for repairs, purchased supplies, and paid employee salaries. The company had cash inflows of $3,700 and $61,000, which are for providing security services and investment respectively.
Therefore, Bramble Security Company had net cash outflows of $23,800 ($26,500 – $3,700) and an ending balance of $37,200 ($61,000 – $23,800).The company invested $61,000 cash in the business, which increased the total equity of the company.
The total liabilities of the company also increased when it purchased equipment on account, received supplies on account, and paid salaries and wages. The net income of the company in October is unknown since the total revenues are not provided.
Know more about equipment here,
https://brainly.com/question/28269605
#SPJ11
which strategy involves a firm trying to deal with both pressures for cost reduction and pressures for local responsiveness simultaneously? international global standardization transnational * localization
Answers
The transnational strategy. It is a complex strategy that requires a balance between centralization and decentralization. This strategy involves leveraging the benefits of both international and global standardization and localization.
A transnational strategy allows a firm to balance the need for efficiency and cost reduction with the necessity to adapt to local markets and preferences. This strategy enables companies to be globally competitive while also addressing the unique needs of regional markets.
In a transnational strategy, a firm operates with a flexible approach, using both global standardization and localization tactics as needed. By utilizing economies of scale and centralized production facilities, the firm can reduce costs. At the same time, it customizes products and services to cater to the specific preferences and requirements of individual markets. This way, the firm can maintain a strong global presence while staying responsive to local needs, resulting in a competitive advantage in the international marketplace. In summary, the transnational strategy involves a firm trying to deal with both pressures for cost reduction and pressures for local responsiveness simultaneously by achieving global efficiency and local responsiveness through the use of a matrix structure, technology, and knowledge sharing.
The strategy that involves a firm trying to deal with both pressures for cost reduction and pressures for local responsiveness simultaneously is the transnational strategy.
To know more about decentralization visit:
https://brainly.com/question/30387723
#SPJ11
.What are some potential difficulties that you might encounter when doing business in the Chinese market?
Answers
Answer:
The answer is below
Explanation:
There are various potential difficulties one might encounter when doing business in the Chinese market. Some of which are:
1. Intellectual property issue: this is an area of business that is known to be one of the big issues in China. It is reported that a lot of inventors have problems in protecting their inventions, as many other competitors can just pick the invention idea and build on it without sanctions.
2. Governmental challenges: there is a huge issue of lack of transparency and corruption in China, most especially against foreign business owners.
3. Market Access: because of the diverse and big difference in consumers' consumption habits and distribution operations in China compared to other countries, most especially non-Indochina countries, will make the market access difficult for foreign business.
4. Consumer preference: consumers' preference in China is reported to be different and distinct compared to what is obtained outside China. Hence, foreign business owners will find it challenging to cope.
5. Bureaucracy: to obtain necessary licenses and permits in china requires going through a long process, which may even be more delayed to foreign business owners.
Suppose one of the suppliers to Seattle Health System offers terms of 3/20, net 60. a. When does the system have to pay its bills from this supplier? b. What is the approximate percentage cost of the costly trade credit offered by this supplier?
Answers
a. The terms of 3/20, net 60 mean that Seattle Health System can take a 3% discount if it pays the bill within 20 days. Otherwise, the full payment is due in 60 days. Therefore, Seattle Health System has to pay its bills from this supplier within 60 days.
b. To calculate the approximate percentage cost of the costly trade credit offered by this supplier, we need to compare the cost of the trade credit with the cost of borrowing from other sources. The cost of the trade credit can be calculated as the difference between the discount rate and the annualized interest rate of borrowing.
Assuming that Seattle Health System chooses to take the discount and pay within 20 days, the effective interest rate for the trade credit can be calculated as follows:
Effective annual interest rate = (Discount % / (100% - Discount %)) x (365 days / (60 days - 20 days))
= (3% / (100% - 3%)) x (365 days / 40 days)
= 0.0311 or 3.11%
Therefore, the approximate percentage cost of the costly trade credit offered by this supplier is 3.11%. This is higher than the cost of borrowing from other sources such as bank loans or issuing bonds, which are typically lower than 3.11%.
Learn more about Seattle here:
https://brainly.com/question/28696231
#SPJ11
companies use a predetermined overhead rate rather than an actual overhead rate because ______.
Answers
Companies use a predetermined overhead rate rather than an actual overhead rate because to get around this problem.
For businesses, using a predetermined overhead rate rather than an actual overhead rate can be beneficial in many ways.
Predetermined overhead rates provide a consistent and reliable estimate for the total overhead costs of a company, helping to ensure that sufficient funds are being allocated for these costs.
This type of rate also allows for easier budgeting since the amount of overhead costs is known in advance, rather than changing from project to project due to fluctuating actual costs. By using a predetermined overhead rate, companies can easily plan for and budget their overhead costs, helping them to stay on track financially.
To learn more about rates, click here:
https://brainly.com/question/14731228
#SPJ4
Gerritt wants to buy a car that costs $29,250. The interest rate on his loan is 5. 53 percent compounded monthly and the loan is for 6 years. What are his monthly payments?.
Answers
Answer and Explanation: The answer is in the 1st image, and the explanation is in the 2nd image.
The monthly payment would be an amount of $541.04 for a car that costs $29,250.
What is a monthly payment?A monthly payment is a payment made every month to pay off loans or advances. It's similar to EMI.
Given that Gerritt wants to purchase a car for $29,250. His loan has a compounded monthly interest rate of 5.53 percent and a term of 6 years
The total payback = P× r/100 × T + P
Here P = $29,250, r = 5.53 , and T = 6 years
The total payback = 29,250× 5.53 /100 × 6 + 29,250
The total payback = 29,250× 0.0553 × 6 + 29,250
The total payback = $38,955.15
The total payback of the borrowings will be $38,955.15 over a six-year period. The monthly payment for this will be,
The monthly payment = Total payback / No. of payment
The monthly payment = 38,955.15/ 72
The monthly payment = $541.04
Therefore, the monthly payment would be an amount of $541.04.
Learn more about the monthly payments here:
https://brainly.com/question/20761642
#SPJ5