Melanie's experience with her vacation service illustrates the problem of service perishability and fluctuating demand. The correct option is B. service perishability and fluctuating demand.
This means that the demand for her services fluctuated during the summer, making it difficult for her to predict how much work she would have each week. Additionally, her services were perishable, meaning that she could not store them for future use. If she did not work one week, she could not make up that work later on.
This highlights a common challenge for service providers, particularly those in the gig economy, who may struggle with inconsistent demand and the inability to store or save their services for later. It also underscores the importance of effective marketing and customer outreach to ensure a steady stream of business. In Melanie's case, she may have benefited from offering additional services, such as housecleaning or dog walking, to help supplement her income during slow weeks. The correct option is B. service perishability and fluctuating demand.
For more about fluctuating demand:
https://brainly.com/question/31657462
#SPJ11
Springfield Company offers a bonus plan to its employees and the amount of the employee bonuses for the current year is estimated to be $965,000 to be paid during January of the following year. The journal entry on December 31 to record the bonuses is:
The journal entry for employee bonuses at Springfield Company.
In this scenario, Springfield Company has an estimated bonus amount of $965,000 for the current year, which will be paid in January of the following year. To record this as a journal entry on December 31, you will need to make an adjustment in the company's accounting records.
The journal entry on December 31 would be as follows:
1. Debit "Bonus Expense" for $965,000: This entry recognizes the expense associated with the bonus plan for the current year.
2. Credit "Bonus Payable" for $965,000: This entry acknowledges the company's obligation to pay the bonuses to its employees during January of the following year.
In summary, the journal entry on December 31 for Springfield Company's employee bonuses would be:
- Debit Bonus Expense: $965,000
- Credit Bonus Payable: $965,000
This entry ensures that the company properly records both the expense and the liability associated with the bonus plan, maintaining accurate financial statements for the current year.
To know more about journal entry click here:
https://brainly.com/question/20421012
#SPJ11
Pittman Framing's cost formula for its supplies cost is $1,080 per month plus $18 per frame. For the month of November, the company planned for activity of 618 frames, but the actual level of activity was 608 frames. The actual supplies cost for the month was $12,550. The spending variance for supplies cost in November would be closest to:
The actual supplies cost for the month was $12,550. The spending variance for supplies cost in November is -$374.
To calculate the spending variance for supplies cost in November, we need to compare the actual supplies cost with the expected supplies cost based on the planned activity level.
Using Pittman Framing's cost formula, the expected supplies cost for November would be:
$1,080 + ($18 per frame x 618 frames) = $12,924
However, the actual supplies cost for November was $12,550.
To find the spending variance, we subtract the expected cost from the actual cost:
$12,550 - $12,924 = -$374
The negative sign indicates that the actual supplies cost was lower than the expected cost based on the planned activity level. This means that Pittman Framing spent less on supplies than they had budgeted for, which could be due to a variety of factors such as negotiating better prices with suppliers or using materials more efficiently.
Therefore, the spending variance for supplies cost in November is -$374.
Learn more about variance here
https://brainly.com/question/9304306
#SPJ11
The following facts pertain to a non-cancelable lease agreement between Mooney Leasing Company and Rode Company, a lessee Commencement date Annual lease payment due at the beginning of May 1, 2017 each year, beginning with May 1, 2017 Bargain purchase option price at end of lease term Lease term Economic life of leased equipment Lessor's cost Fair value of asset at May 1, 2017 Lessor's implicit rate Lessee's incremental borrowing rate $20,471.94 $4,000 5 years 10 years $65,000 $91,000 8% 8% The collectibility of the lease payments by Mooney is probable Click here to view the factor table Your answer is correct. Compute the amount of the lease receivable at commencement of the lease. (For calculation purposes, use 5 decimal places as displayed in the factor table provided and round answer to 2 decimal places, e.g. 5,275.15.) Lease receivable at commencement $9100 Attempts: 1 of 5 used /Your answer is partially correct. Try again Prepare a lease amortization schedule for Mooney for the 5-year lease term. (Round answers to 2 decimal places, e.g. 5,275.15.) Annual Lease Payment Plus BPO MOONEY LEASING COMPANY (Lessor) Lease Amortization Schedule Interest on Lease Receivable Recovery of Lease Receivable Lease Receivable Date 91000 20471.94 20471 70528.0 20471.94 20471.94 120471.94 20471.94 000.00 5642.24 455.8 3174.58 1790.79 296.30 55698.3 39682.2 22384.9 3703.7 114829.7 5/1/20 5/1/21 4/30/22 17297.3 18681.1 3703.7 $106359.7 15359.7990999 Attempts: 5 of 5 used Prepare the journal entries to reflect the signing of the lease agreement and to record the receipts and income related to this lease for the years 2017 and 2018. The lessor's accounting period ends on December 31. Reversing entries are not used by Mooney. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g. 5,275.15.) Date Account Titles and Explanation Debit Credit (To record the lease) (To record lease payment) Attempts: 0 of 5 used
The lease receivable at the commencement of the lease is $91,000.
To prepare the lease amortization schedule, we first need to calculate the annual lease payment plus bargain purchase option (BPO) price, which is $24,471.94 ($20,471.94 + $4,000). Then, using the factor table provided, we can calculate the interest on the lease receivable and the recovery of the lease receivable for each year. The annual lease payment plus BPO price is allocated as follows: $20,471.94 to interest expense and $4,000 to reduction of the lease receivable. The lease amortization schedule for Mooney is as follows:
Date Lease Receivable Interest Expense Recovery of Lease Receivable Lease Receivable
5/1/17 $91,000 $7,280.80 $4,191.14 $83,808.86
5/1/18 $83,808.86 $6,704.71 $4,767.23 $78,746.34
4/30/19 $78,746.34 $6,299.71 $5,172.23 $74,873.82
4/30/20 $74,873.82 $5,989.10 $5,482.84 $70,400.08
4/30/21 $70,400.08 $5,632.01 $5,839.93 $65,590.16
To record the signing of the lease agreement on May 1, 2017:
Date Account Titles and Explanation Debit Credit
5/1/17 Lease Receivable $91,000
Sales Revenue $91,000
To record the lease payment on May 1, 2017:
Date Account Titles and Explanation Debit Credit
5/1/17 Cash $4,000
Lease Receivable $4,000
To record the lease payment on May 1, 2018:
Date Account Titles and Explanation Debit Credit
5/1/18 Cash $4,000
Lease Receivable $4,000
Interest Revenue $6,704.71
Sales Revenue $24,471.94
Learn more about lease here
https://brainly.com/question/30237244
#SPJ11
Flotation cost is the Multiple Choice cost of holding stock on hand. cost of issuing new debt. cost of issuing new stock. sales price of common stock.
The correct answer to your question is "cost of issuing new stock." Flotation cost refers to the expenses incurred by a company when it issues new shares of stock to the public.
One reason why companies issue new stock is to raise capital to finance their operations, invest in new projects, or pay off debt. However, the cost of issuing new stock can be significant, especially for smaller companies. For example, if a company issues $10 million worth of new stock and incurs a flotation cost of 5%, it will have to pay $500,000 in fees.
Another reason why companies issue new stock is to satisfy the demand from investors who want to buy their shares. Holding stock on hand can be costly for companies because it ties up their capital and exposes them to market risk. By issuing new shares, companies can distribute the risk among a larger number of shareholders and reduce their exposure to market fluctuations. On the other hand, issuing new debt can also have costs associated with it, such as interest payments and fees. However, the cost of debt is usually lower than the cost of equity because debt holders have a higher priority claim on a company's assets in the event of bankruptcy.
To learn more about bankruptcy here:
https://brainly.com/question/1142634
#SPJ11
The amount by which government spending exceeds government revenues is called the ______, and the accumulation of past government borrowing is called the ______. Group of answer choices debt; deficit devaluation; deflation deficit; debt deflation; devaluation
The amount by which government spending exceeds government revenues is called the deficit, and the accumulation of past government borrowing is called the debt.
The deficit refers to the annual shortfall between government spending and revenue, while the debt refers to the total amount of money owed by the government due to past deficits. Deficits can be caused by a variety of factors, including economic downturns, increased spending on social programs, and decreased tax revenues. In order to finance these deficits, the government must borrow money by issuing bonds or other forms of debt. Over time, these deficits can accumulate and lead to a growing debt burden. Managing deficits and debt is an important part of fiscal policy. Governments must balance the need for spending on essential programs with the goal of maintaining a sustainable fiscal position. Too much borrowing can lead to higher interest rates, inflation, and reduced economic growth. Therefore, governments must carefully consider their spending priorities and revenue sources to ensure that deficits and debt remain manageable.
Learn more about deficit here
https://brainly.com/question/29617821
#SPJ11
Successful companies, like Green Mountain, that strive to create a positive culture can expect the following behavior from their employees. Multiple Choice less likely to call in sick unproductive indifferent poor attitude increased risk for misconduct
Successful companies, like Green Mountain, that strive to create a positive culture can expect "less likely to call in sick" behavior from their employees.
People tend to be healthier, recover from accidents more quickly, are less likely to experience depression, have stronger cognitive abilities, and perform better on the job overall when they have strong social relationships at work. Positive social relationships at work are essential for employees health.
A manager who is prepared to go above and beyond may establish a strong bond with their team, deliver better outcomes for the organization's objectives, and enhance the welfare of the individuals they supervise. A supportive environment at all organizational levels, policies that promote dignity, confidence, compassion, and encouragement are all characteristics of a positive workplace culture.
The correct answer is option A.
The correct question is, " Successful companies, like Green Mountain, that strive to create a positive culture can expect the following behavior from their employees.
A. less likely to call in sick
B. unproductive
C. indifferent poor attitude
D. increased risk for misconduct"
Learn more about Culture here:
https://brainly.com/question/514395
#SPJ4
Rose is going to retire in 16 years. Her company will give her a one time payment of $20,000. However, if the inflation rate is 6% per year, how much buying power will that $20,000 have when measured in today's dollar
If Rose receives a one-time payment of $20,000 in 16 years, it would have the same buying power as $57,640 in today's dollars.
Assuming an inflation rate of 6% per year, we can use the formula for future value to determine the buying power of $20,000 in today's dollars.
FV = PV x (1 + r)^n
Where:
FV = future value
PV = present value
r = annual interest rate (in this case, inflation rate)
n = number of years
Using the formula, we have:
FV = $20,000 x (1 + 0.06)^16
FV = $20,000 x 2.882
FV = $57,640
Therefore, if Rose receives a one-time payment of $20,000 in 16 years, it would have the same buying power as $57,640 in today's dollars. This means that due to inflation, the value of money decreases over time, and Rose would need to adjust her retirement plans accordingly to account for the decrease in purchasing power.
Learn more about buying here
https://brainly.com/question/25580226
#SPJ11
Firms usually internalize those value-chain activities they consider part of their core competencies. Group of answer choices True False
The given statement "firms usually internalize those value-chain activities they consider part of their core competencies" is true because core competencies refer to the unique capabilities or strengths of a firm that distinguish it from its competitors and contribute to its competitive advantage.
By internalizing these activities, firms can control the quality and cost of the production process, streamline their operations, and ultimately increase their profits. For example, a technology company may choose to internalize software development as it is a core competency that enables the company to create innovative and high-quality products.
On the other hand, the same company may choose to outsource its manufacturing activities to a third-party vendor, as it is not a core competency and can be performed by other companies at a lower cost. In conclusion, firms focus on their core competencies to achieve sustainable competitive advantage, and internalizing value-chain activities that align with these competencies is a crucial aspect of this strategy.
For more about core competencies:
https://brainly.com/question/30691072
#SPJ11
Find the value on January 1, 2005 of quarterly payments of $100 for 10 years. The first payment is on
The value on January 1, 2005 of quarterly payments of $100 for 10 years, with the first payment at the end of the first quarter, is $6,065.17.
To calculate the value on January 1, 2005 of quarterly payments of $100 for 10 years, we need to use the present value formula.
The present value formula is:
PV = PMT x [1 - (1 + r/4)^(-n x 4)] / (r/4)
Where:
PV = present value
PMT = payment amount
r = interest rate
n = number of periods
In this case, PMT = $100, r = the quarterly interest rate, and n = 10 years x 4 quarters per year = 40 quarters.
To find the quarterly interest rate, we need to know the annual interest rate. Let's assume the annual interest rate is 5%. To find the quarterly interest rate, we divide the annual interest rate by 4:
Quarterly interest rate = 5% / 4 = 1.25%
Now we can use the present value formula:
PV = $100 x [1 - (1 + 1.25%)^(-40)] / (1.25%)
PV = $100 x [1 - (1.0125)^(-40)] / (0.0125)
PV = $100 x [1 - 0.3034] / 0.0125
PV = $6065.17
Therefore, the value on January 1, 2005 of quarterly payments of $100 for 10 years, with the first payment at the end of the first quarter, is $6,065.17.
For more such questions on payments
https://brainly.com/question/25898631
#SPJ11
Give all journal entries related to the disposal of each machine in the current year. a. Machine A. b. Machine B. c. Machine C.
To give all journal entries related to the disposal of each machine in the current year, we need to first determine the method of disposal for each machine.
a. Machine A: If Machine A was sold, the journal entry would be:
Debit: Cash (proceeds from sale)
Credit: Machine A (book value)
Credit: Gain/Loss on Disposal of Machine A (difference between proceeds and book value)
If Machine A was scrapped, the journal entry would be:
Debit: Accumulated Depreciation - Machine A (book value)
Credit: Machine A (book value)
b. Machine B: If Machine B was sold, the journal entry would be:
Debit: Cash (proceeds from sale)
Credit: Machine B (book value)
Credit: Gain/Loss on Disposal of Machine B (difference between proceeds and book value)
If Machine B was scrapped, the journal entry would be:
Debit: Accumulated Depreciation - Machine B (book value)
Credit: Machine B (book value)
c. Machine C: If Machine C was sold, the journal entry would be:
Debit: Cash (proceeds from sale)
Credit: Machine C (book value)
Credit: Gain/Loss on Disposal of Machine C (difference between proceeds and book value)
If Machine C was scrapped, the journal entry would be:
Debit: Accumulated Depreciation - Machine C (book value)
Credit: Machine C (book value)
It's important to note that the book value of each machine is equal to its cost minus accumulated depreciation up to the date of disposal. Also, the gain or loss on disposal is calculated by subtracting the book value from the proceeds from sale.
Learn more about journal entries: https://brainly.com/question/20421012
#SPJ11
If managers monitor and observe the behavior of subordinates, teach subordinates which behaviors are appropriate and inappropriate, and intervene to take corrective action as needed, they are managing by ______.
If managers monitor and observe the behavior of subordinates, teach subordinates which behaviors are appropriate and inappropriate, and intervene to take corrective action as needed, they are managing by using a behavioral approach.
This approach focuses on modifying the behavior of employees through monitoring and feedback to reinforce desirable behaviors and correct undesirable ones.
Managers who use this approach rely on techniques such as positive reinforcement, negative reinforcement, and punishment to encourage the desired behavior and discourage the unwanted behavior.
By implementing a behavioral approach, managers can create a work environment that fosters productivity and promotes positive work behavior, ultimately leading to increased organizational success.
To know more about subordinates, refer to the link:
https://brainly.com/question/3368897#
#SPJ11
Bertha does not expect any unforseen events but holds some of her savings as currency and coins placed in her sewing basket. This is an example of
Bertha's action of holding some of her savings as currency and coins in her sewing basket is an example of preparing for unforeseen events such as emergencies or unexpected expenses.
It is always wise to have some cash on hand in case of power outages, natural disasters, or other unexpected events that may disrupt electronic transactions or ATM access. Bertha's action of holding some of her savings as currency and coins in her sewing basket is an example of "precautionary demand for money." Precautionary demand refers to the practice of holding a portion of one's wealth in a liquid form, such as currency or coins, to be prepared for unexpected events or emergencies.
A currency is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a system of money in common use within a specific environment over time, especially for people in a nation state.
Under this definition, the British Pound Currencies may act as stores of value and be traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are either chosen by users or decreed by governments, and each type has limited boundaries of acceptance; i.e., legal tender laws may require a particular unit of account for payments to government agencies.
For more such questions on currency
https://brainly.com/question/29498634
#SPJ11
A marketing firm has been assigned the task of watching trends in spending, personal income, savings, and interest rates. The marketing firm is most likely gathering information about consumers' ________.
The marketing firm tasked with monitoring trends in spending, personal income, savings, and interest rates is likely gathering information about consumers' financial behaviors and attitudes.
By analyzing these factors, the firm can gain insights into how consumers are managing their money, how they make purchasing decisions, and what factors influence their spending habits.
Tracking spending patterns provides insight into consumer behavior and preferences, enabling companies to identify popular products and services, determine customer needs and preferences, and adjust their marketing strategies accordingly.
Personal income and savings data, meanwhile, can reveal consumers' financial stability, their ability to save and invest, and their confidence in the economy.
This information can help companies tailor their products and services to meet the needs of different income groups and adjust their pricing strategies accordingly.Interest rates are also important indicators of consumer behavior, as they influence borrowing and saving decisions.
By monitoring interest rates, the marketing firm can gain insights into consumer demand for credit, the availability of credit, and the impact of interest rates on consumer spending and savings habits.
Overall, the marketing firm's focus on these financial indicators suggests that they are interested in understanding consumer behavior and identifying opportunities to better serve their target market.
For more question on "Marketing Firm" :
https://brainly.com/question/25369230
#SPJ11
According to the full aggregate expenditures model, if government spending is $4 trillion, business investment is $3 trillion, and taxes are $3 trillion, how much is savings in a closed economy
In this closed economy, savings is $3 trillion. According to the full aggregate expenditures model, savings in a closed economy can be calculated by subtracting the total expenditures from the total income.
In this case, total income would be the sum of government spending, business investment, and taxes which is $4 trillion + $3 trillion + $3 trillion = $10 trillion. Total expenditures would be the sum of government spending and business investment which is $4 trillion + $3 trillion = $7 trillion. Therefore, savings in this closed economy would be $10 trillion - $7 trillion = $3 trillion. It is important to note that the full aggregate expenditures model takes into account all components of aggregate demand, including consumption, government spending, business investment, and net exports, to determine the overall level of economic activity.
To calculate savings in a closed economy using the full aggregate expenditures model, we need to first find the equilibrium GDP level. The aggregate expenditures model is defined as:
AE = C + I + G, where
AE = Aggregate Expenditures
C = Consumption
I = Business Investment
G = Government Spending
In a closed economy, equilibrium GDP (Y) occurs when AE = Y. Additionally, the formula for savings (S) in a closed economy is:
S = Y - C - G
Given the information provided:
G = $4 trillion
I = $3 trillion (business investment)
Taxes are not needed in this calculation.
First, find equilibrium GDP (Y):
Y = C + I + G
We are not given C (consumption), but we know that savings and consumption together make up the GDP. Therefore, we can rewrite the formula as:
Y = S + G
Next, we can find the savings (S) using the given information and the aggregate expenditures model:
S = Y - G
Since Y = I + G, we can substitute this into the formula:
S = (I + G) - G
Now plug in the given values:
S = ($3 trillion + $4 trillion) - $4 trillion
S = $3 trillion
In this closed economy, savings is $3 trillion.
For more information on expenditures model visit:
brainly.com/question/31500931
#SPJ11
A tax affects Group of answer choices buyers only. sellers only. buyers and sellers only. buyers, sellers, and the government.
A tax affects buyers, sellers, and the government. This impact can be observed through various economic behaviors and consequences.
Taxes have a widespread influence on the economy and can alter the decision-making process for both buyers and sellers. For buyers, a tax may increase the overall price of a good or service, making them less willing or able to purchase it. This could lead to a decrease in demand. On the other hand, sellers might experience increased costs due to taxes, which could lead to a reduction in supply as they adjust production levels to maintain profitability.
The government also plays a significant role in the taxation process. Taxes provide the government with revenue that can be used to fund public services, infrastructure, and other essential programs. Additionally, the government can utilize tax policies to influence the behavior of buyers and sellers. For example, a government may implement a tax on goods that are deemed harmful to society, such as cigarettes, to discourage their consumption.
In conclusion, a tax affects not only buyers and sellers but also the government. Its impact on the economy can be both direct and indirect, influencing the decisions made by individuals and businesses, as well as shaping government policy and priorities.
Know more about " Taxation "click here:
https://brainly.com/question/18907731
#SPJ11
The leadership of CEO Mark Zuckerberg and COO Sheryl Sandberg have managed ______ through incredible growth such that the company grows by 8 people per second.
The leadership of CEO Mark Zuckerberg and COO Sheryl Sandberg have managed social media sites through incredible growth such that the company grows by 8 people per second.
Despite facing intense scrutiny and criticism over issues related to privacy, content moderation, and political influence, Zuckerberg and Sandberg have been able to steer the company toward continued growth and profitability.
Their leadership has been characterized by a relentless focus on innovation, a willingness to take risks, and an ability to adapt to changing market conditions.
Learn more about political influence
https://brainly.com/question/30741134
#SPJ4
Multiple Choice QuestionIf a company has earnings before interest and taxes of $780,000, interest expense of $105,000, income tax expense of $230,000, and net income of $445,000, ts number of times interest is earned is ______ times.
The number of times interest is earned for this company is 7.43 times. The number of times interest is earned is a financial ratio that measures a company's ability to cover its interest expense with its earnings.
It is calculated by dividing earnings before interest and taxes (EBIT) by interest expense.Using the given information, we can calculate the number of times interest is earned as follows:
Number of times interest is earned = EBIT / Interest expense
Number of times interest is earned = $780,000 / $105,000
Number of times interest is earned = 7.43 times
Therefore, the number of times is 7.43 times.
In summary, the number of times interest is earned is a financial ratio that measures a company's ability to cover its interest expense with its earnings. A higher ratio indicates that a company is more capable of meeting its interest obligations, while a lower ratio suggests that it may struggle to do so. In this case, the company's number of times interest is earned is 7.43 times, indicating that it has a relatively strong ability to cover its interest expense.
To know more about interest click here
brainly.com/question/19891179
#SPJ11
What are three modes of transporting aggregate and which is the most economical to transport aggregate from New Orleans to Miami
There are three main modes of transporting aggregate: trucking, rail, and barge. Each mode has its own advantages and disadvantages. In terms of transporting aggregate from New Orleans to Miami, the most economical mode would be barge transportation.
Trucking is the most common mode of transporting aggregate as it is widely available and flexible in terms of delivery schedules. However, trucking can be costly, especially for long distances, and it has a higher carbon footprint compared to other modes. Rail transportation is efficient and cost-effective for large quantities of aggregate, especially for longer distances. However, rail transportation is limited to areas with access to rail lines, and it can be challenging to find the right rail carrier and schedule.
Barge transportation is the most economical mode for transporting large quantities of aggregate over long distances, especially for locations along waterways. Barges have a much larger carrying capacity than trucks, and they consume less fuel than trucks and trains. However, barge transportation is weather-dependent and can be affected by water levels. In terms of transporting aggregate from New Orleans to Miami, the most economical mode would be barge transportation. This route follows the Mississippi River and the Gulf Intracoastal Waterway, which allows for efficient and cost-effective transportation of large quantities of aggregate.
For more such questions on transporting
https://brainly.com/question/29488706
#SPJ11
Social networking sites are useful for ________, or the creation of relationships that mutually benefit the business and customer.
Social networking sites are useful for relationship marketing, or the creation of relationships that mutually benefit the business and customer.
Relationship marketing is a customer-focused approach that aims to build long-term customer loyalty and engagement by developing a personalized, two-way relationship with the customer. Social networking sites provide a platform for businesses to engage with their customers on a personal level, by offering exclusive content, personalized promotions, and customer service. By building relationships with customers through social media, businesses can create a loyal customer base that is more likely to make repeat purchases, refer others to the business, and provide valuable feedback to improve the business's products and services.
Learn more about Social networking sites here:
https://brainly.com/question/28759926
#SPJ
Jobe Concrete Products placed a new sand sifter into production 3 years ago. It had an installed cost of $100,000, a life of 5 years, and an anticipated salvage of $20,000. Book depreciation charges for the 3 years are $36,000, $20,000, and $18,000, respectively. Determine the book value after 2 years. The book value is determined to be $
A new sand sifter was introduced into production by Jobe Concrete Products three years ago. It had a $100,000 installed cost, a 5-year life, and a $20,000 estimated salvage. The book value after 2 years is $24,000.
To determine the book value after 2 years, we need to first calculate the accumulated depreciation for the first two years. Since the asset has a total life of 5 years, the remaining life after 2 years would be 5 - 2 = 3 years.
The accumulated depreciation after 2 years can be calculated as follows:
Accumulated Depreciation = Depreciation for Year 1 + Depreciation for Year 2
Accumulated Depreciation = $36,000 + $20,000
Accumulated Depreciation = $56,000
The book value after 2 years can be calculated as follows:
Book Value = Installed Cost - Accumulated Depreciation - Salvage Value
Book Value = $100,000 - $56,000 - $20,000
Book Value = $24,000
To learn more about book value
https://brainly.com/question/28266947
#SPJ4
________ is the risk associated with the potential for the firm's property to be confiscated or expropriated.
The risk you're referring to is called "expropriation risk." Expropriation risk is the possibility that a firm's property, assets, or investments may be seized or confiscated by a foreign government or authority.
This risk typically arises in situations where a government takes control of privately-held assets for the purpose of redistribution or nationalization, often without providing fair compensation to the original owners. To manage expropriation risk, firms should conduct thorough research on the political stability and regulatory environment of the countries they operate in. Understanding the legal framework and potential risks in advance can help businesses make informed decisions about their investments and operations. Additionally, firms may opt for insurance coverage that specifically addresses expropriation risk, which can offer a financial safeguard in case of asset seizure.
In summary, expropriation risk is the potential for a firm's property to be confiscated or expropriated by a foreign government or authority. To mitigate this risk, businesses should research the political and regulatory landscape of the countries they operate in and consider insurance coverage for added protection.
To know more about expropriation visit:
https://brainly.com/question/13378291
#SPJ11
For a manufacturing company, selling price for an item is $500 per Unit, Variable cost is $50 per Unit, rent is $6000 per month and insurance is $3000 per month. How many items should the company sell to breakeven
The company needs to sell 24 units to break even.
To calculate the breakeven point, we need to determine the total fixed costs and contribution margin per unit.
The total fixed costs are the sum of the rent and insurance costs, which equals $9,000 per month. The contribution margin per unit is the difference between the selling price and variable cost, which equals $450 per unit.
Dividing the total fixed costs by the contribution margin per unit gives us the breakeven point of 24 units per month. Therefore, the company needs to sell at least 24 units per month to cover all of its fixed and variable costs and break even.
For more questions like Company click the link below:
https://brainly.com/question/30532251
#SPJ11
The __________ purpose of a business message is to inform, persuade, or collaborate with the audience.
The primary purpose of a business message is to inform, persuade, or collaborate with the audience.
The communication process in business aims to transmit information from one person or group to another in order to achieve certain objectives. These objectives can be to inform the audience about a new product, service, or policy; persuade them to take a particular action; or collaborate with them to achieve a common goal. Informative messages are used to provide information to the audience, whether it is about a new product, company news, or any other relevant information.
Such messages aim to inform the audience about something that they may not already know, which can be helpful to them. Persuasive messages, on the other hand, are used to influence the audience's behavior or attitude. These messages aim to persuade the audience to take a particular action, such as buying a product or service or supporting a particular idea or initiative.
Collaborative messages aim to create an environment of teamwork and cooperation among the audience. These messages seek to foster a sense of collaboration and collective action among the audience toward achieving a common goal. In conclusion, the primary purpose of a business message is to inform, persuade, or collaborate with the audience.
know more about communication process here:
https://brainly.com/question/26152499
#SPJ11
When Pearl Love Inc. introduced its new range of body wash, consumers switched from using its soap bars, being sold under the same brand name, to using the body wash. As a result, the company experienced a sharp drop in its soap sales. This scenario represents:
The scenario described above is an example of cannibalization. Cannibalization occurs when a company introduces a new product that competes with its existing products and causes a decline in sales of the older product.
Cannibalization is a common problem faced by companies when they introduce new products. While the new product may be successful and generate revenue, it may also negatively impact the sales of the company's existing products. This can be a tricky situation for companies to navigate, as they need to balance the potential revenue generated by the new product with the potential loss of revenue from the cannibalization of their existing products. In order to mitigate the negative effects of cannibalization, companies may choose to phase out their existing products gradually or reposition them in the market to appeal to a different segment of customers.
Alternatively, they may choose to differentiate their new product from their existing products to prevent cannibalization. Ultimately, the key to managing cannibalization is to carefully evaluate the potential impact of a new product before launching it and to have a solid strategy in place for managing the potential consequences.
For more such questions on cannibalization
https://brainly.com/question/31467578
#SPJ11
The direct write-off method of accounting for bad debts Select one: a. uses a contra asset account. b. uses an allowance account. c. is the preferred method under generally accepted accounting principles. d. does not require estimates of bad debt losses and is not acceptable under GAAP.
The (d) does not require estimates of bad debt losses and is not acceptable under GAAP.
The direct write-off method involves waiting until a specific customer's account is deemed uncollectible before recording the bad debt expense. This method does not account for the possibility of bad debts occurring in the future and does not follow the matching principle. Therefore, it is not considered acceptable under GAAP.
This method does not use a contra asset account or an allowance account, which is associated with the allowance method. The direct write-off method is not the preferred method under GAAP, as it can lead to income statement distortion and does not follow the matching principle, which requires expenses to be matched with the revenues they helped to generate.to be matched with the income they contributed to.
To Know more about income statement
https://brainly.com/question/28035395
#SPJ11
and Expo Minerals wants 50,000 pounds of Min258 in inventory at the end of August, what is the cost Min258 should the company plan to purchase during August
The cost Min258 should the company plan to purchase during August is $950,000, option C.
A business plan, which is a comprehensive outline of the new company, is crucial to the beginning process. A business plan requires that you take into account the various initial expenditures. Underestimating costs inflates predicted net profit, which is bad news for any owner of a small firm.
Before beginning a firm, careful market and customer research must be done. Some business owners decide to work with market research companies to help them with their evaluation process.
Any type of business needs a financial injection to get started. For a firm, there are two ways to get money: equity financing and debt financing. The issuing of stock is often a requirement for equity financing, but as the majority of small firms are proprietorships, this is not the case for them.
Required of Min 258 for 6,000 units of P8000 = 180,000
Required Inventory at ending = 50,000
Inventory at beginning = 40,000
Total ponds to be purchased = 190,000
Ponds $5 each
Cost of Purchase of Min258 = (5 x 190,000) = $950,000.
Learn more about Cost:
https://brainly.com/question/30096961
#SPJ4
Complete question:
Expo Minerals has 40,000 pounds of Min258 in inventory at the beginning of August. Each pound costs $5. The company plans to produce 6,000 units of P8000 made out of Min258 in August. If each P8000 requires 30 pounds of Min258 and Expo Minerals wants 50,000 pounds of Min258 in inventory at the end of August, what is the cost Min258 should the company plan to purchase during August?
Group of answer choices
$1,050,000
$850,000
$950,000
$900,000
has 11 people working in her orange grove. The marginal product of the 11th worker is 13 bushels of oranges. If she hires a 12th worker, the marginal product of that worker will be _____ bushels.
The marginal product of the 12th worker cannot be determined from the given information.
Marginal product refers to the additional output produced by an additional unit of input, which in this case is a worker. The given information states that the marginal product of the 11th worker is 13 bushels of oranges, but it does not provide any information about the total output or the number of workers required to achieve that output.
Hence, it is not possible to determine the marginal product of the 12th worker based on the given information alone. It depends on various factors such as the state of the grove, the technology used, the quality of the soil, and weather conditions. To calculate the marginal product of the 12th worker, additional information would be needed.
Learn more about marginal here:
https://brainly.com/question/29652804
#SPJ11
You have decided to open a retail store that offers many products. When choosing a wholesaler to work with, you need one that will provide credit and sales support. Which type of wholesaler should you choose
When choosing a wholesaler for your retail shop, it's important to consider the type of support they offer. For a retail store that offers many products, a full-service wholesaler that provides credit and sales support would be ideal.
These types of wholesaler can offer a wide range of products, help with merchandising and product displays, and provide financing options for larger orders. They can also provide valuable market insights and promotional support to help boost sales. While a cash-and-carry or drop-shipping wholesaler may offer lower prices, they may not offer the same level of support and expertise needed for a successful retail business.
A full-service wholesaler not only offers a wide variety of products but also provides additional services such as credit, sales support, and marketing assistance. By choosing this type of wholesaler, you can streamline your operations, effectively manage your inventory, and focus on growing your business. Additionally, the sales support and credit options offered by a full-service wholesaler will help you maintain a healthy cash flow and build a strong relationship with your supplier.
To know more about Wholesaler visit-
brainly.com/question/28256108
#SPJ11
Trez Company began operations this year. During this year, the company produced 100,000 units and sold 80,000 units. The absorption costing income statement for this year follows. Income Statement (Absorption Costing) Sales (80,000 units × $50 per unit) $ 4,000,000 Cost of goods sold 2,400,000 Gross profit 1,600,000 Selling and administrative expenses 530,000 Income $ 1,070,000 Additional Information Selling and administrative expenses consist of $350,000 in annual fixed expenses and $2.25 per unit in variable selling and administrative expenses. The company's product cost of $30 per unit consists of the following. Direct materials $ 5 per unit Direct labor $ 14 per unit Variable overhead $ 2 per unit Fixed overhead ($900,000 / 100,000 units) $ 9 per unit Required: Prepare an income statement for the company under variable costing.
To prepare an income statement for the company under variable costing, we need to separate the fixed and variable costs in the cost of goods sold and selling and administrative expenses.
Income Statement (Variable Costing)
Sales (80,000 units × $50 per unit) $ 4,000,000
Variable cost of goods sold (80,000 units × $21 per unit) $ 1,680,000
Contribution margin $ 2,320,000
Variable selling and administrative expenses (80,000 units × $2.25 per unit) $ 180,000
Contribution margin after variable expenses $ 2,140,000
Fixed manufacturing overhead (100,000 units × $9 per unit) $ 900,000
Fixed selling and administrative expenses $ 350,000
Total fixed expenses $ 1,250,000
Net income $ 890,000
learn more about administrative here :
https://brainly.com/question/29994801
#SPJ11
The use of flexible manufacturing systems to produce and deliver customized products and services for different customers worldwide is known as
The use of flexible manufacturing systems to produce and deliver customized products and services for different customers worldwide is known as mass customization.
Mass customization is a process that allows businesses to efficiently produce a large variety of customized products and services at a low cost, while still meeting the unique needs and preferences of individual customers.
This is achieved by integrating advanced technology, such as computer-aided design and manufacturing, with flexible manufacturing systems that can quickly adapt to changes in demand and customer requirements.
The benefits of mass customization include increased customer satisfaction, improved efficiency and productivity, and greater profitability for businesses.
As a result, mass customization has become an increasingly popular approach for companies looking to gain a competitive advantage in today's global marketplace.
To know more about mass customization refer here: https://brainly.com/question/17134248#
#SPJ11