Answer:
What is the most common type of financial institution?
Commercial banks. are the most common financial institutions in the United States, with total financial assets of about $13.5 trillion (85 percent of the total assets of the banking institutions). ...
Savings banks
Finance companies
Insurance companies
Explanation:
you know you can find the answer on google
Tammy has had a lot of success investing in preferred stocks, she wants to invest in other assets that are very similar to preferred stocks. What
options would BEST match her investment preferences?
OA common stocks and corporate bonds
OB real estate and common stocks
OG government bonds and corporate bonds
OD mutual funds and government bonds
Reset
Next
entum. All rights reserved
an out
The BEST options to match Tammy's investment preferences are A. common stocks and corporate bonds.
Preferred stock is similar to common stock, except that it does not exercise voting rights. It enjoys priority over common stock in the payment of dividends. With its fixed dividend rate, it is like a bond's interest with a fixed rate.
Though the preferred stock is not as secure as corporate bonds, it is a high-breed between common stocks and corporate bonds.
Thus, the best options that combine the features of a preferred stock investment are investments in common stocks and corporate bonds.
Learn more: https://brainly.com/question/2604566
Answer:
what the other dude said
Explanation:
f Honduras is open to international trade in oranges without any restrictions, it will import
tons of oranges.
Suppose the Honduran government wants to reduce imports to exactly 100 tons of oranges to help domestic producers. A tariff of
$
per ton will achieve this.
A tariff set at this level would raise
$
in revenue for the Honduran government.
Suppose that Honduras is open to international trade in oranges without any restrictions, it will import an infinite amount of oranges. Therefore, the import of oranges can be limited through a tariff. The Honduran government wants to reduce imports to exactly 100 tons of oranges to help domestic producers.
A tariff of $720 per ton will achieve this. A tariff set at this level would raise $72,000 in revenue for the Honduran government.
Tariff: It is a tax imposed by a government on imported or exported goods. The main purpose of a tariff is to limit imports and protect domestic production and employment.
In this scenario, a tariff is imposed by the Honduran government to limit the import of oranges and help domestic producers. Therefore, if the tariff is set at $720 per ton, then it would reduce the imports of oranges to exactly 100 tons, which is the desired goal of the Honduran government.
Moreover, the tariff rate multiplied by the number of imports gives the amount of revenue raised by the Honduran government, which is $720 × 100 = $72,000. Thus, a tariff set at $720 per ton will raise $72,000 in revenue for the Honduran government.
For more questions on: international trade
https://brainly.com/question/14926566
#SPJ8
Annual oil production for a region was about 550 million tons in 1980 and increased at a rate of 7.6% per year. Estimate the oil production in 2000. Use the exponential growth formula.
If the annual oil production for a region was about 550 million tons in 1980 and increased at a rate of 7.6% per year, then oil production in the year 2000 is 2,038 million.
How to find?Given that initial production is 550 million and the rate of growth is 7.6% per year.
The exponential growth formula is A= A₀(1+rt)
where Ais the final value,
A₀ is the initial value,
r is the rate of growth and
t is the time in years.
Here A₀= 550
Then the number of years is
t= 2000-1980
= 20 years
Rate of growth is-
r= 7.6/100= 0.076%
Substitute all the values into the equation exponential growth and solve for A.
A= 550( 1+ 0.076)²⁰
= 550(1.076)²⁰
= 550. 4.327583204
= 2,380 million.
Therefore the oil production in the year 2000 is 2,380 million.
To know more about Production visit:
https://brainly.com/question/29700580
#SPJ1
Answer:
2,380 millionExplanation:
Using the A = p (1 + r ) ^t:-
→ P = 550 million
→ R = 7.6% or 7.6/100 = 0.076
→ t = 2000 - 1980 = 20
\(\mathrm{A = 550(1+ 0.076) ^{20}}\)\(\mathrm{A = 550(1.076) ^{20}}\)\(\mathrm{A = 2380}\)Therefore, the oil production in 2000 would be around 2,380 million.
_________________________
Hope this helps!
The additional components of the marketing mix for marketing a service does not include which of the following?
people
process
popularity
physical environment
The marketing mix comprises four primary elements: product, price, promotion, and place. However, when marketing services, some additional components are added to the mix. These components are known as the 7Ps of marketing and include people, process, and physical evidence (or physical environment).
Popularity, on the other hand, is not a component of the marketing mix for services. Popularity can be considered a byproduct of the marketing efforts and how successful they are in promoting the service to the target audience. Popularity is a measure of how well a service is known or recognized in the market.
People: This component of the marketing mix is concerned with the people involved in the delivery of the service. These people include the employees, staff, and other personnel involved in providing the service to the customers. These people are critical to the success of the service and need to be trained, managed, and motivated to provide excellent service.
Process: This component of the marketing mix is concerned with the procedures and processes involved in the delivery of the service. The process should be designed to ensure that the service is delivered consistently and efficiently, meeting the needs and expectations of the customers. A well-designed process can enhance the customer experience and help in creating a positive perception of the service.
Physical Environment: This component of the marketing mix is concerned with the physical environment in which the service is delivered. This environment can include the ambiance, decor, lighting, and other factors that contribute to the customer experience.
A well-designed physical environment can enhance the customer experience and contribute to the success of the service.
Popularity: Popularity can be considered a byproduct of the marketing efforts and how successful they are in promoting the service to the target audience. Popularity is a measure of how well a service is known or recognized in the market.
For more such questions on primary elements
https://brainly.com/question/1398751
#SPJ8
what is risky behavour and explain 2 factors why it is important for youths to investigate and be knowledge about it
Answer:
Risk behavior is the behavior of individual that may result in negative consequences, risks to life, death, injury, violation etc.
It is important for teenagers as during this age of life teens may not have a correct perspective of what is correct for them and what is not.
Further Explanation:
Behavior is the kind of act or a deed done by an individual someone which may have impact on others life.
Risky behavior mostly seen in teenagers is the steps taken or deed done by them that makes them prone to some negative impacts. Behavior like violence, smoking, drinking alcohol, drug use, etc. may count as a risk behavior.
Teenagers are mostly involved in risky behavior as they rarely can make out a difference between wrong and right. They tend to get attracted to wrongs more easily in which peer pressure and other forces work which causes teens to succumb to behaving inappropriately.
Improper dietary behavior can lead to risk to the lives of teenagers if they don’t get or take proper diet it will make consequences to health.
So the factors such as indulgence into bad habits, improper diet and risky sexual behavior are few of the behaviors which teenagers generally get attracted to. So a prior knowledge of the behavior and proper guidance of how to ignore them is important for teenagers.
Learn more:
1. Learn more about impact of risk behavior social economic physical and emotional brainly.com/question/1595923
2. Learn more about the negative impact of youth risk behavior brainly.com/question/1595923
3. Learn more about signs of an alcohol overdose brainly.com/question/1768439
Answer Details:
Grade: High School
Subject: Health
Chapter: Behavioral science
Keywords:
Behavior, risk, injury, death, teenagers, risk behavior, alcohol, cigarettes, drugs, risk behavior, life, health, sexual behavior, AIDS, STD, HIV, dietary behavior.
Explanation:
Risk behavior is the behavior of individual that may result in negative consequences, risks to life, death, injury, violation etc.
It is important for teenagers as during this age of life teens may not have a correct perspective of what is correct for them and what is not.
Further Explanation:
Behavior is the kind of act or a deed done by an individual someone which may have impact on others life.
Risky behavior mostly seen in teenagers is the steps taken or deed done by them that makes them prone to some negative impacts. Behavior like violence, smoking, drinking alcohol, drug use, etc. may count as a risk behavior.
Teenagers are mostly involved in risky behavior as they rarely can make out a difference between wrong and right. They tend to get attracted to wrongs more easily in which peer pressure and other forces work which causes teens to succumb to behaving inappropriately.
Improper dietary behavior can lead to risk to the lives of teenagers if they don’t get or take proper diet it will make consequences to health.
So the factors such as indulgence into bad habits, improper diet and risky sexual behavior are few of the behaviors which teenagers generally get attracted to. So a prior knowledge of the behavior and proper guidance of how to ignore them is important for teenagers.
Learn more:
1. Learn more about impact of risk behavior social economic physical and emotional brainly.com/question/1595923
2. Learn more about the negative impact of youth risk behavior brainly.com/question/1595923
3. Learn more about signs of an alcohol overdose brainly.com/question/1768439
Answer Details:
Grade: High School
Subject: Health
Chapter: Behavioral science
Keywords:
Behavior, risk, injury, death, teenagers, risk behavior, alcohol, cigarettes, drugs, risk behavior, life, health, sexual behavior, AIDS, STD, HIV, dietary behavior.
Make a job cost sheet for the standard units. use the following direct materials and direct labor information. - direct materials $7,740 - direct labor $5,492 for overhead, computer overhead rates for each of the three activities. hint, you will divide each activitys budgeted cost by the total amount of that activity's cost driver. you will have to calculate 3 different rates, one for each activity. (round activity rate and cost per unit answers to 2 decimal places.) your job cost sheet will include: direct materials direct labor overhead for purchasing overhead for designing overhead for shipping
Per units cost is 2.96(round to 2 decimal places) as per the requirement.
Job cost sheet for Standard units:
Job cost sheet for Standard Units
Direct Material
$7,846.00
Direct labor
$6,540.00
Overheads:
Purchasing
$30,000.00
Designing
$41,400.00
Shipping
$45,000.00
Total overheads
$116,400.00
Total job cost
$130,786.00
Divide by Units produced
$44,254.00
Per Cost unit
$2.96
Formula snip: for the Job cost sheet.
Job cost sheet for Standard Units
Direct Material
7846
Direct labor
6540
Overheads:
Purchasing
=(93000/7750)*2500
Designing
=(92000/10000)*4500
Shipping
=(87000/5800)*3000
Total overheads
=SUM(B5:B7)
Total job cost
=SUM(C2:C8)
Divide by Units produced
44254
Per Cost unit
=C9/C10
To know more about Cost Sheets, visit: brainly.com/question/12598183
#SPJ4
Discuss power and the key aspects of power in reference to international relations
Power is both a characteristic of specific players in their interactions and a aspects process that shapes actors' social identities and powers. The allocation of power in the international system is referred to by international relations academics as polarity.
The international tangible aspects include geography, raw materials, natural resources, people, and technology; the intangible elements are ideology, morale, leadership, personality, organizational effectiveness, and diplomacy aspects quality. In international relations, the three primary categories of power are as follows. These three types of power include hard power, soft power, and smart power, which combines hard and soft power. One of the primary motivations for acquiring power in human nature.
To learn more about Power, click here.
https://brainly.com/question/12127373
#SPJ1
During April , Cavy Company incurred factory overhead as follows : Indirect materials $11,300 Factory supervision labor 4,000 Utilities 460 Depreciation (factory )660 Small tools 330 Equipment rental 790 Journalize the entry to record the factory overhead incurred during AprilIf an amount box does not require an entry, leave it blank
Answer:
Date Account Title Debit CreditApril Factory Overhead $16,720 Indirect materials $10,500 Wages payable $4,000 Utilities payable $ 500 Accumulated Depreciation $ 620 Small tools $ 370 Equipment rental $ 730
NOVO FINANCE ECONOMICS AND ACCOUNT
243 Sub-task 3: Economic environment (Total: 30 marks: 180 minutes)
The Book Store is a business which sells a variety of books to suit any lifestyle, from
bestselling novels, educational material to children's books
The owner, Wendy Brocks, has realised that there is a demand for creative stationery
based on her customers' requests. She decided to expand her business by producing a
stationery-line including creative paper, envelopes, notepads, creative stamps, craft pens
and wrapping paper which she will sell in
store.
Wendy is considering using semi-finished products to produce the stationery and wants to
loan in order to gain the capital for the expansion of The Book Store. Wendy knows that
import the creative stamps and craft pens from China. Wendy plans to apply for a business
she has to conduct thorough research before starting this new venture.
The student is required to assist Wendy by conducting the research and preparing an
investigative report on the following points:
a) The four factors of production (inputs) needed for the manufacturing process of The
Book Store's new stationery-line. The student is required to investigate two inputs for
each factor of production.
b) Include a drawing of the production process of this new venture.
c) Research the infrastructure needed to manufacture the stationery-line.
d) Propose ideas on how to produce the creative stationery in an environmentally friendly
way to prevent deforestation.
e) Assuming the inflation-rate rises, give one implication that this increased inflation rate.
would have on the import cost of creative stamps and craft pens from China.
Find out the current interest rate as Wendy is considering applying for a loan. The date
the interest rate obtained must be given.
9) The investigation should be concluded by providing an opinion as to whether this
business idea is viable or not and provide three reasons to substantiate the answer.
The four factors of production (inputs) needed for the manufacturing process of The Book Store's new stationery include land, labor, capital and entrepreneur.
How to illustrate the information?Based on the information given, the production process of this new venture will be the input or resources that will be used for the production process.
The infrastructure needed to manufacture the stationery-line will be capital, and portfolio designs as well as printing machines.
The ideas on how to produce the creative stationery in an environmentally friendly.way to prevent deforestation is to use less paper and recycling.
An implication of this increased inflation rate is that it lead to the increase in production cost.
Lastly, the business is viable as there is a demand for creative stationery based on her customers' requests.
Learn more about production on:
https://brainly.com/question/26460726
#SPJ1
After graduating from college, Joseph Tantillo decided to start a retail Web site that specializes in personalized Greek apparel. To fund his Web site, he borrowed money from his parents (who expect to be repaid with interest). In other words, he used _____ financing.
Answer:
Debt financing
Explanation:
Debt financing is defined as borrowing that a company undertakes to finance it's operations by selling of debt instruments to investors.
The debt instrument attracts interest payment.
Examples of debt financing includes bank loans, loans from friends and family, and government backed loans.
In the given scenario Joseph Tantillo decided to borrow money from his parents to start a retail Web site that specializes in personalized Greek apparel. This is debt financing
In contrast equity financing involves sale of shares to obtain capital
It is possible today to calculate the total financial returns for each customer that we expected to be earned over the length of the customer relationship.
A. True
B. False
Answer:
true
Explanation:
The Almer Group announced its decision to merge with Dover Global Solutions. This is an example of a(n):
An example of firm merger is when Almer Group announced its decision to merge with Dover Global Solutions.
What is a firm merger?A firm merger refers to an formal arrangement whereby two or more existing companies unites into one new company.
Therefore, when Almer Group announced its decision to merge with Dover Global Solutions, it is an example of firm merger.
Read more about firm merger
brainly.com/question/1977165
I need to see how to do this.
There are two consumers, Andy and Ben, in the market for pumpkins. Their willingness to
pay for each pumpkin is shown in the table Pumpkin Market. There are two producers of
pumpkins, Cindy and Diane, and their costs are also shown. The equilibrium price for
pumpkins is $8 and the equilibrium quantity is 5. If Andy consumes one more pumpkin
and Ben consumes one fewer pumpkin than in equilibrium, total surplus will _____ by
The answer is, Ben buys 3 pumpkins and his consumer surplus is 6$, if The equilibrium price for pumpkins is $8 and the equilibrium quantity is 5.
In economics, what is consumer surplus?The difference between the price a consumer pays for a good and the amount he would be prepared to pay rather than do without it is known as consumer surplus, also known as societal surplus and consumer's surplus, in economics.
What do the economic terms consumer surplus and producer surplus mean?The gap between a consumer's willingness to pay and their actual purchase price is referred to as the consumer surplus. The difference between the market price and the least amount a producer is willing to take in exchange for a good is known as the producer surplus.
To know more about Consumer Surplus visit:
https://brainly.com/question/15416023
#SPJ1
Andre Candess manages an office supply store. One product in the store is computer paper. Andre knows that 10,000 boxes will be sold this year at a constant rate throughout the year. There are 250 working days per year and the lead-time is 3 days. The cost of placing an order is $30, while the holding cost is $15 per box per year. If he orders in batches of 500 boxes at a time, what is his annual holding cost
Answer:
$3,750
Explanation:
The computation of the annual holding cost is shown below:
= Economic order quantity ÷ 2 × holding cost per box per year
where,
Economic order quantity = 500 boxes
And, the holding cost per box per year is $15
Now putting the values to the above formula
The annual holding cost is
= 500 boxes ÷ 2 × $15 per box per year
= 250 boxes × $15 per box per year
= $3,750
Gateway Ltd sets up a company and in the first nine days of trading the following transactions occurred
1 January
They issue $10,000 share capital for cash
2 January
They purchase goods for $4,000 and pay by cheque
3 January
They buy delivery van for $2,000 and pay by cheque
4 January
They purchase $1,000 of goods on credit
5 January
They sell goods for $1,500 cash
6 January
They sell all remaining goods for $5,000 on credit
7 January
They pay $800 to suppliers by cheque
8 January
They pay rent of $200 by cheque
Required
1. Complete the relevant ledger accounts
2. Extract a trial balance
1. The completion of the relevant ledger accounts for Gateway Ltd is as follows:
Cash AccountDate Account Titles Debit Credit
January 1: Common Stock $10,000
January 2: Inventory $4,000
January 3: Delivery Van $2,000
January 5: Sales Revenue $1,500
January 7: Accounts Payable $800
January 8: Rent Expense $200
Balance $4,500
Accounts ReceivableDate Account Titles Debit Credit
January 6 Sales Revenue $5,000
InventoryDate Account Titles Debit Credit
January 2 Cash $4,000
January 4 Accounts Payable 1,000
January 6 Cost of goods sold $5,000
Delivery VanDate Account Titles Debit Credit
January 3 Cash $2,000
Accounts PayableDate Account Titles Debit Credit
January 4 Inventory $1,000
January 7 Cash $800
Balance $200
Common StockDate Account Titles Debit Credit
January 1 Cash $10,000
Sales RevenueDate Account Titles Debit Credit
January 5 Cash $1,000
January 6 Accounts Receivable 5,000
Balance $6,000
Cost of goods soldDate Account Titles Debit Credit
January 6 Inventory $5,000
Rent ExpenseDate Account Titles Debit Credit
January 8 Cash $200
2. The extraction of a trial balance for Gateway Ltd is as follows:
Trial BalanceAs of January 9
Account Titles Debit Credit
Cash $4,500
Accounts Receivable 5,000
Delivery Van 2,000
Accounts Payable $200
Common Stock 10,000
Sales Revenue 6,500
Cost of goods sold 5,000
Rent Expense 200
Totals $16,700 $16,700
Data Analysis:January 1: Cash $10,000 Common Stock $10,000
January 2: Inventory $4,000 Cash $4,000
January 3: Delivery Van $2,000 Cash $2,000
January 4: Inventory $1,000 Accounts Payable $1,000
January 5: Cash $1,500 Sales Revenue $1,500
January 6: Accounts Receivable $5,000 Sales Revenue $5,000
January 7: Accounts Payable $800 Cash $800
January 8: Rent Expense $200 Cash $200
Learn more about extracting a trial balance at https://brainly.com/question/14604253
On 31 December 2015, before the business prepares its first financial statements, Benjamin will do a stock count on the number of books in the store. In accounting, we call this number of books as _________________________
Stock counting on the number of books in the store in accounting is referred to as stock taking.
What do you mean by Stock Taking?
Stock taking is the counting of on-hand stock. This method identifies each object on hand, counts it, and summarizes those portions by the object.
There will also be a verification step, in which the count outcomes are compared to the stock unit counts in a company's computer system.
Stock taking is a common requirement of a periodic stock system, and might additionally be required as a part of a company's annual audit.
Hence, Stock counting on the number of books in the store in accounting is referred to as stock taking.
Learn more about Stock counting:
https://brainly.com/question/24229293
#SPJ1
Drag the tiles to the boxes to form correct pairs.
Henry's company has just finished publishing the final batch of their monthly magazine. Henry is supposed to make sure that the finished magazines
reach the distributors. He has been told about the stages involved in this deployment. However, he is unsure about the processes that take place in
those stages. Match the stages to the work done in them to help Henry.
All rights reserved.
storing
preparing
wrapping
loading
JOLL
The output is divided into different sections.
The boxes and crates are transferred onto the transportation.
The output is packaged into boxes and crates.
The output is kept in a cool and dry place.
Σ
O
A magazine, also called a periodical, is a printed or digitally published collection of texts (essays, articles, stories, poems), often illustrated, that is produced at regular intervals (excluding newspapers).
What is the meaning of a magazine?A magazine, also known as a periodical, is a printed or digitally published compilation of texts (essays, articles, short tales, and poems), frequently illustrated (excluding newspapers).
The word "magazine" originates in Arabic magazine, the plural of makhani, which means "depot, storeroom" (originally a military storehouse). Medieval French magasin and Italian magazzino are the languages that brought this word to English. The word "magazine" originally meant a place or thing used for storing.
Learn more about the Magazine here:
https://brainly.com/question/20904667
#SPJ1
1. What are some of the challenges you might encounter if you get equity financing
from friends and/or family members?
Because investors run the danger of offering more that company are bear to lose or of demanding a refund when it benefits individuals but again not their company.
What is equity financing?The practice of obtaining money through the selling of stock is known as equity financing. Companies fundraise either because they can have an immediate need to make payments or a protracted initiative that would help them expand needs funding.
Inappropriately, they might also wish to become more involved with the company. The business succeeds and thus becomes prosperous, a portion of those profits should also be distributed to shareholders as a form of payouts.
Learn more about equity financing, here:
https://brainly.com/question/27992391
#SPJ9
YOU PURCHASE AN ITEM ($200), WITH YOUR CREDIT CARD, AND LATER RETURN IT.
WHAT HAPPENS TO YOUR CREDIT CARD? WHAT HAPPENS WITH THE $200?.
Answer:
Either it goes back on your card or it goes to your bank but i believe it's the first one
Explanation:
Wang Company has established the following overhead cost pools and cost drivers for the month of May: Cost Pool Overhead Costs Cost Driver Levels Purchase orders $ 30,000 50 orders Machine setups 50,000 100 setups Electricity 10,000 10,000 kilowatt hours The following information pertains to the actual consumption of activity resources for two sample jobs completed during May. Job M1 Job M2 Number of units produced 500 1,000 Number of purchase orders 15 10 Number of setups 20 10 Number of kilowatt hours 500 1,000 What is the activity-based overhead rate per purchase ord
Answer:
Purchase order activity rate= $600 per order
Explanation:
Giving the following information:
Cost Pool Overhead Costs Cost Driver Levels
Purchase orders $ 30,000 50 orders
To calculate the activity rate for Purchase orders, we need to use the following formula:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Purchase order activity rate= 30,000 / 50
Purchase order activity rate= $600 per order
The following balances were extracted from the books of VE Enterprise on 31 December 2021.
Particular RM RM
Capital 50,000
Motor vehicles 90,000
Fixtures & fittings 48,500
Inventory as at 1 January 2021 32,200
Allowance for doubtful debts 500
Accumulated depreciations as at 1 January 2021:
Motor vehicles 16,000
Fixtures & fittings 10,400
3% fixed deposit 30,000
4% bank loan 50,000
Sales 199,070
Purchases 73,500
Sales returns 2,050
Purchases returns 2,120
Discount allowed 2,550
Discount received 2,830
Account receivables 37,700
Account payables 48,650
Carriage inwards 3,570
Interest received 450
Commission received 2,600
Salaries 16,100
Electricity bills 5,400
Custom duty on purchases 3,000
Insurances 450
Maintenance expenses 3,300
Drawing 2,300
Cash in hand 6,800
Cash at bank 25,200
Additional information:
1. Inventory as at 31 December 2021 18,180
2. Depreciation for the year ended 31 December 2021 has yet to be provided as follows:
a. Fixtures & fittings: 10% using straight line method
b. Motor vehicles:15% using reducing balance method.
3. Electricity bills was paid in advanced by RM500. Meanwhile RM400 commission are not
received yet.
4. One of the customers Amri Sport Enterprise was declare bankrupt and unable to pay the
debt amount RM700
5. The provision for doubtful debts is to be adjusted to 5% based on remaining account
receivables
6. Salaries are accrued by RM140.
3
7. ‘Purchases’ include goods valued at RM1,040 that were withdrawn by Azwin for her own
personal use.
Required:
a) Prepare Income Statement for the year ended 31 December 2021
(15 marks)
b) Prepare Statement of Financial Position as at 31 December 2021
a. The Income Statement for the year ended 31 December 2021 is RM80,360.
b. The Statement of Financial Position as at 31 December 2021 is RM206,645.
a) Income Statement for the year ended 31 December 2021:
Sales: RM199,070
Less: Sales returns: RM2,050
Net Sales: RM197,020
Cost of Goods Sold:
Opening Inventory: RM32,200
Purchases: RM73,500
Less: Purchases returns: RM2,120
Add: Carriage inwards: RM3,570
Goods Available for Sale: RM107,150
Less: Closing Inventory: RM18,180
Cost of Goods Sold: RM88,970
Gross Profit: RM197,020 - RM88,970 = RM108,050
Operating Expenses:
Discount allowed: RM2,550
Salaries: RM16,100 + RM140 = RM16,240
Electricity bills: RM5,400 - RM500 = RM4,900
Custom duty on purchases: RM3,000
Insurances: RM450
Maintenance expenses: RM3,300
Total Operating Expenses: RM30,340
Net Profit before Non-operating Items:
Gross Profit - Operating Expenses: RM108,050 - RM30,340 = RM77,710
Non-operating Items:
Interest received: RM450
Commission received: RM2,600 - RM400 = RM2,200
Total Non-operating Items: RM2,650
Net Profit before Tax:
Net Profit before Non-operating Items + Total Non-operating Items: RM77,710 + RM2,650 = RM80,360
b) Statement of Financial Position as at 31 December 2021:
Assets:
Non-current Assets:
Motor vehicles: RM90,000 - (RM90,000 * 15%) = RM76,500
Fixtures & fittings: RM48,500 - (RM48,500 * 10%) = RM43,650
Total Non-current Assets: RM120,150
Current Assets:
Inventory: RM18,180
Account receivables: RM37,700 - (RM37,700 * 5%) - RM700 = RM35,815
Prepaid electricity bills: RM500
Cash in hand: RM6,800
Cash at bank: RM25,200
Total Current Assets: RM86,495
Total Assets: RM206,645
Liabilities and Equity:
Equity:
Capital: RM50,000
Retained Earnings: RM80,360
Total Equity: RM130,360
Current Liabilities:
Account payables: RM48,650
Bank loan: RM50,000
Total Current Liabilities: RM98,650
Total Liabilities and Equity: RM206,645
For such more question on Financial:
https://brainly.com/question/989344
#SPJ8
The Power of Color! 1 am going to show you some colors. For each one, write down the FIRST company or product that comes in to your head when you see the color. What's the FIRST BRAND you think of when you see these colors? RED- BLUE- BLACK- YELLOW- ORANGE- a GREEN-
To understand the power of color in relation to brands, we can associate each color given with a brand that uses that color:
Red: Coca-Cola.Blue: Linked In.Black: Nike.Yellow: McDonalds.Orange: Nickelodeon.Green: Seven Up.Power of color
The power of color in relation brands means that colors have the power to represent emotions in the people who consume brands. Colors can even change your mood or make you feel something specific.
For example, red is often related to stimulation, which can be related to hunger and that is why a brand like Coca-Cola could have selected the red color to identify their brand.
The same thing happens with every color, blue is identified with reliability because it resembles the sky, black with luxury, yellow with positivity because it resembles the sun, orange is related to warmth and green with nature (in the case of Seven Up, it can mean that it is the 'most natural' one of the sodas because it has lemon).
Check more information in the following link https://brainly.com/question/1205474?referrer=searchResults
Which of the following is an incorrect statement regarding values?
Values come from the interplay of ethics.
Values represent our understanding of the purposes we will fulfill by making particular decisions.
Values are positive abstractions.
D
Values are ideas that underlie conversations about business ethics.
E
Values capture our sense of what is good or desirable.
Answer:
" values are ideas that underlie conversations about business ethics " is the answer
Among the following, an incorrect statement regarding values is Values are ideas that underlie conversations about business ethics. Thus the correct option is D.
What are Values?Values are a person's personal ideas that guide their behavior. They act as norms for how individuals should behave. Our values are significant as they aid in the development of the future we desire.
Ethics and values interact because values are our understanding of the goals we hope to achieve by taking certain actions which help in decision-making.
Values reflect our perception of what is right or desirable. Values are moral concepts that reflect a person's sense of what is right and acceptable.
Therefore, option D Values are ideas that underlie conversations about business ethics is appropriate.
Learn more about Values, here:
https://brainly.com/question/13523172
#SPJ2
True or False, a peer review is usually done before the appeal process
Answer:
True or False, a peer review is usually done before the appeal process
False
Task 2: Writing a Cover Letter Prepare a cover letter to highlight your skills required for the job identified in the previous task. Apply the tips for writing cover letters that you learned in this course.
In a Job context, a cover Letter is important because its provides the hiring manager with further detail on how your skill set aligns with the role, what you can bring to the team and why you want the position.
How to write good cover letter:A good cover letter for a job should be well-written and tailored to the specific job and company you are applying to. It should also be concise and to the point.
Here are some tips for writing a strong cover letter:
Address the letter to a specific person, if possible. This shows that you have done your research on the company.Start with a strong opening sentence that hooks the reader's attention and makes them want to read more.Explain why you are a good fit for the job, and how your skills and experiences make you a valuable asset to the company.Tailor your cover letter to the specific job you are applying for, by highlighting relevant experiences or skills.Use specific examples to illustrate your qualifications, and avoid generic language or cliches.End the letter with a call to action, such as asking for an interview or requesting that your resume be considered for the position.Proofread your cover letter multiple times before submitting, to ensure that it is error-free.Be sure to use a professional tone and format, and avoid using emoticons or text language.If you are applying online, make sure to save and submit the document in the correct format as per employer's instruction.Read more about cover letter
brainly.com/question/3602860
#SPJ1
Which is a TRUE statement about how profit can be an incentive for entrepreneurs?
A
Profit outweighs the risks of opening a business.
B
Profit can increase competition in a market economy.
С
Profit encourages shareholders to open their own businesses.
D
Profit makes the gap between the rich and poor more noticeable.
The true statement regarding the profit of an entrepreneur is D. makes the gap between the rich and poor more noticeable.
Profit simply means the gain that's derived from the sale of a particular commodity. It should be noted that profit is the difference between the total revenue and the total cost.
It should be noted that profit can be an incentive for entrepreneurs as makes the gap between the rich and poor more noticeable.
Learn more about profit on:
https://brainly.com/question/1078746
Answer:
A
Explanation:
I had just got that question wrong but the correct answer is A.
Which of the following activities is most likely to have a cash flow effect?
a. Investing in money market funds
b. Declaring cash dividends
c. Reissuing treasury stock
d. Issuing stock to acquire a patent
The activity that is most likely to have a cash flow effect is declaring cash dividends (option B).
What is the cash flow effect?The cash flow effect is an economic term that refers to the change in a company’s cash position resulting from different transactions. This can include cash inflows (revenues) and outflows (expenses) as well as other transactions that either increase or decrease cash. The effect of any transaction on a company’s cash flow can be seen in the company’s cash flow statement. Companies need to understand the cash flow effect of their transactions to properly manage their cash position.
Declaring cash dividends is an activity that has a direct effect on cash flow because it involves paying out money to shareholders. This decreases the amount of cash the company has on hand.
It can be concluded that the activity that is most likely to have a cash flow effect is declaring cash dividends (option B).
To know more about the cash flow effect, check this link:
https://brainly.com/question/735261
#SPJ1
NPV Calculate the net present value (NPV) for a 30-year project with an initial investment of $15,000 and a cash inflow of $3,000 per year. Assume that the firm has an opportunity cost of 14%. Comment on the acceptability of the project.
The net present value of the 30-year project is $6008.
The project should be accepted.
What is the NPV?
Net present value is a capital budgeting method that is used to determine the profitability of a project. Net present value is the present value of after-tax cash flows from an investment less the amount invested. Only projects with a positive net present value should be accepted.
Net present value = -3,000 + ($15,000 / 1.14) + ($15,000 / 1.14²) + ($15,000 / 1.14³)+ ($15,000 / 1.14^4) + ($15,000 / 1.14^5) + ($15,000 / 1.14^6) + ($15,000 / 1.14^7) + ($15,000 / 1.14^8) + ($15,000 / 1.14^9) + ($15,000 / 1.14^10) + ($15,000 / 1.14^11) + ($15,000 / 1.14^12) + ($15,000 / 1.14^13) + ($15,000 / 1.14^14) + ($15,000 / 1.14^15) + ($15,000 / 1.14^16) + ($15,000 / 1.14^17) + ($15,000 / 1.14^18) + ($15,000 / 1.14^19) + ($15,000 / 1.14^20) + ($15,000 / 1.14^21) + ($15,000 / 1.14^22) + ($15,000 / 1.14^23) + ($15,000 / 1.14^24) + ($15,000 / 1.14^25) + ($15,000 / 1.14^26) + ($15,000 / 1.14^27) + ($15,000 / 1.14^28) + ($15,000 / 1.14^29) + ($15,000 / 1.14^30)
Net present value = $6008
To learn more about net present value, please check: https://brainly.com/question/25748668
#SPJ1
Sandra’s Purse Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Sandra's Purse Boutique uses a periodic inventory system.
Date Transactions Units Unit Cost Total Cost
October 1 Beginning inventory 6 $ 790 $ 4,740
October 4 Sale 4
October 10 Purchase 5 800 4,000
October 13 Sale 3
October 20 Purchase 4 810 3,240
October 28 Sale 7
October 30 Purchase 8 820 6,560
$ 18,540
3. Using LIFO, calculate ending inventory and cost of goods sold at October 31
The cost of goods sold (COGS) was $17,260, and the ending inventory was $3,160 using the LIFO method.
The LIFO method (last-in, first-out) of inventory valuation requires that the most recent purchases of inventory be used first in the cost of products sold and ending inventory calculations. The ending inventory and cost of products sold at the end of October will be calculated using the LIFO method, based on the data given in the table.Based on the data given, the total units sold is 14, and the total units purchased is 17. Here's how to calculate the ending inventory and cost of products sold using the LIFO method:Step 1: The last purchase of 8 units at a cost of $820 each on October 30 is deducted from the inventory count, leaving 9 units.Step 2: The previous purchase of 4 units at a cost of $810 each on October 20 is deducted from the inventory count, leaving 5 units.Step 3: The next purchase of 5 units at a cost of $800 each on October 10 is deducted from the inventory count, leaving 0 units.Step 4: Based on the LIFO method, the cost of the ending inventory is the sum of the cost of the oldest units remaining in stock, which is 4 units at a cost of $790 each on October 1, totaling $3,160.Step 5: Based on the LIFO method, the cost of goods sold (COGS) is calculated by adding the total cost of units sold, which is 14 units at a cost of $820 each on October 30, 4 units at a cost of $810 each on October 20, and 5 units at a cost of $800 each on October 10, totaling $17,260.Therefore, the cost of goods sold (COGS) was $17,260, and the ending inventory was $3,160 using the LIFO method.For more questions on cost of goods sold (COGS)
https://brainly.com/question/24561653
#SPJ8
Discuss the challenge created for financial accountants by the presence of uncertainty.
Uncertainty creates challenges for financial accountants in accurately measuring, reporting, and disclosing financial information.
The presence of uncertainty poses significant challenges for financial accountants. Uncertainty refers to the lack of predictability or reliability in future events or outcomes, which makes it difficult to accurately measure and report financial information. Here are some key challenges created by uncertainty:
Measurement and valuation: Uncertainty makes it challenging to determine the appropriate measurement and valuation of assets, liabilities, revenues, and expenses.
Financial accountants must make estimates and judgments based on available information, assumptions, and professional judgment. However, the accuracy of these estimates may be compromised by the inherent uncertainty.
Financial statement presentation: Uncertainty affects the presentation of financial statements. Accountants must disclose the nature and extent of significant uncertainties that could impact the company's financial position and performance. However, determining which uncertainties are material and require disclosure can be subjective and complex.
Risk assessment: Uncertainty introduces risk into financial reporting. Accountants need to assess and manage risks associated with uncertain events, such as changes in market conditions, legal disputes, or environmental factors. They must consider the potential impact of these risks on financial statements and disclose them appropriately.
Forecasting and decision-making: Uncertainty makes forecasting and decision-making challenging for financial accountants. They need to analyze financial data and projections while considering the potential impacts of uncertain factors.
This requires them to use sophisticated models, scenario analysis, and sensitivity analysis to assess the range of possible outcomes.
Regulatory compliance: Financial accountants must comply with accounting standards and regulatory requirements. Uncertainty adds complexity to compliance efforts, as new and evolving regulations may require additional disclosures or adjustments to financial statements to reflect uncertain events or future obligations.
For more such question on accountants. visit :
https://brainly.com/question/26690519
#SPJ8