Answer:
Contemporary
Explanation:
Consider the following partially completed income statements for merchandising companies and compute the missing amounts under the Flynt Corp. table below the following Data Table:view the Income Statements:Data Table : Rustic Gear Flynt Corp.Sales $ 98,000 $(d)Cost of Goods Sold:Beginning Merchandise Inventory (a) 31,000Purchases and Freight In 50,000 (e)Cost of Goods Available for Sale (b) 91,000Ending Merchandise Inventory (2,200) (2,200)Cost of Goods Sold 63,000 (f)Gross Profit 35,000 114,000Selling and Administrative Expenses (c) 86,000Operating Income $10,000 $ (g)Rustic GearSales $98,000Cost of Goods Sold:Beginning Merchandise Inventory 15,200Purchases and Freight In 50,000Cost of Goods Available for Sale 65,200Ending Merchandise Inventory (2,200)Cost of Goods Sold 63,000Gross Profit 35,000Selling and Administrative Expenses 25,000Operating Income $10,000Flynt Corp.__?___$31,000__?___91,000(2,200)114,00086,000__?____
Answer:
e.60,000
f. 88,800
d. 202,800
g. Operating income 28,000
Explanation:
Calculation for the missing amounts for Flynt Corp.
e. Computaion for Purchases & freight-in
Using this formula
Purchases & freight-in= Cost of Goods Available for Sale - Beginning Merchandise Inventory
Let plug in the formula
Purchases & freight= 91,000 - 31,000
Purchases & freight= $ 60,000
f. Computation for Cost of goods sold
Using this formula
Cost of goods sold = Cost of Goods Available for Sale - Ending Merchandise Inventory
Let plug in the formula
Cost of goods sold= 91,000 - 2,200
Cost of goods sold= 88,800
d. Computation for Sales
Using this formula
Sales = Gross profit + Cost of goods sold
Let plug in the formula
Sales= 114 000 + 88,800
Sales= 202,800
g. Computation for Operating income
Using this formula
Operating income = Gross profit - Selling and Administrative Expenses
Let plug in the formula
Operating income= 114,000 - 86,000
Operating income= 28,000
Preparation for the Income statement for Flynt Corp.
Flynt INCOME STATEMENT
Sales 202,800 (i)
Cost of good sold :
Beginning Merchandise Inventory 31,000
Purchases and Freight In 60,000
Total Cost of goods available for sale 91,000
(60,000+31,000)
Less Ending Merchandise Inventory 2,200
Cost of goods sold 88,800 (ii)
(91,000-2,200)
Gross profit 114,000
(202,800 - 88,800)
Less Selling & Administrative expenses 86,000
OPERATING INCOME $28,000
A customer asks a technician for a device that has the capability to easily connect a laptop to an external monitor, keyboard, mouse, and charge the battery.Which of the following devices should the technician recommend to the customer?A. LightningB. KVM switchC. USB 3.0D. Docking station
Answer:
D. Docking station
Explanation:
Docking station is the device that has the capability to easily connect a laptop to an external monitor, keyboard, mouse, and charge the battery. It is a device that provides same functionality as port replicator but has extra slots for connecting more peripheral devices. In other words, the device is a simplified way of plugging-in a laptop computer to common peripherals.
Pharrell, inc., has sales of $601,000, costs of $257,000, depreciation expense of $63,000, interest expense of $30,000, and a tax rate of 35 percent. The firm paid out $44,000 in cash dividends. What is the addition to retained earnings?
Answer:
$119,150
Explanation:
Addition to Retained Earnings shall be:
Particulars Amount$
Sales 601,000
Less: Costs 257,000
EBDIT 344,000
Less: Depreciation 63,000
EBIT 281,000
Less: Interest 30,000
EBT 251,000
Less: Tax at 35% 87,850
EAT 163,150
Less: Cash Dividend 44,000
Retained Earnings $119,150
Which approach to measuring fair value uses information from actively traded stock on the New York Stock Exchange?
Answer:
Fair Value Measurement Approach:
Market approach
Explanation:
Fair value can be measured using any of the three approaches recognized by the standard. They include the market approach, the cost approach, and the income approach. The market approach particularly uses information from the market prices of similar stock to measure the fair value of a particular stock, after adjusting for minor differences. Like the other two methods, the market approach is consistent with the going concern assumption.
Joel klippert says he pays himself last, after he pays his vendors and employees. explain this decision in terms of the principle of business profit. do you agree with his payment priorities?
Answer with Explanation:
Paying employees and the vendors is necessary because they are very important stakeholders of the company. The company must manage its vendors and must not surpass the agreed credit period and credit allowed. If the company is properly managing its vendors then it is most likely that the company will taking maximum benefit out of it by increasing its credit period or credit allowed amount or both. This lower the working capital investment and thus would save the cost of financing the working capital, and hence the business profit would be increased. This means that the effective management of vendors increases business profit.
On the other hand, if we are not paying the employees in time then it will lower the motivation of the employees which would affect their productivity as well. Hence it is better to keep them motivated because it increases it productivity and also lowers employee turnover.
The impact of these decision would might seem that it has decreased the profit but employee cost are both fixed cost (salaried) and variable cost (wages) which means the fixed will remain the same but if the wages are growing then it is a sign of increased production. Hence we must pay them in time irrespective of business profit.
Jessica Marshall, the CEO of ABD Oil Drilling Inc., decides to set aside an amount of $10,000 from the company's annual profits to donate to local nonprofit organizations although the company already meets the mandated government requirement of contributing 4 percent of the company's revenue for social benefits. This donation by ABD Oil Drilling Inc. is an example of:
Answer:
corporate philanthropy.
Explanation:
Corporate philanthropy refers to an act done by a corporation or business organization with a motive to promote the welfare of a society by charitable donations of funds
Since in the question it is mentioned that the Jessica already aside the amount of $10,000 for the nonprofit organization and already it meets the requirement of government to contribute 4% of the company revenue for the social benefits
So this given situation represents the corporate philanthropy.
Mary is a line cook at a restaurant and unknowingly has a highly contagious disease, "Syfoid." She hasn’t shown any symptoms herself, but she has passed it through the food she handles to several customers who later died. The Center for Disease Control (CDC) traced the disease back to Mary and order her to "appear for testing and treatment as well as to cease all handling of food." When Mary refuses, the CDC and law enforcement arrive at her home and forcibly take her to a hospital where she is quarantined though she was not charged with any crime. Several months later Mary has still not been released from quarantine because she is still communicable, however, she has never been provided an opportunity to contest her quarantine. In the meantime, Mary lost her job. Has any of Mary’s fundamental rights been violated?
a. No, because she is a threat to the health and safety of the community.
b. Possibly, because she was deprived of her liberty without due process.
c. Yes, the government violated her right to equal protection.
d. No, because she has not been charged with any crime.
Answer: b. Possibly, because she was deprived of her liberty without due process.
Explanation:
Mary has a Constitutional right to due process which means that she should get the opportunity to contest her quarantine. This right is enshrined in the 5th Amendment which asserts that the Federal Government may not deprive a person of their freedoms without due process.
The CDC as a Federal Government arm even when acting in the interest of the people, should give Mary the chance to contest her quarantine so that she may at least see for herself that she might indeed be the source of a deadly disease.
What can you do to help identify your aptitudes and abilities?
Answer:
First, you can simply brainstorm a list of all of your skills. If you aren’t sure what you are good at, your friends and family are always great resources to turn to. They have a good idea of your skills (others can sometimes see your aptitudes when you yourself cannot see them) You can also create a chart to break down categories, it may help you identify skills if you think of them in special categories.
As a component of the marketing plan, the executive summary Multiple Choice is a concise affirmation of the firm’s long-term purpose. is the primary influence on a firm’s overall marketing strategy. provides a standard to ensure that the business never strays too far from its core goals and values. provides employees with a shared sense of ambition, direction, and opportunity. should be completed after the rest of the marketing plan has been completed.
Answer:
should be completed after the rest of the marketing plan has been completed.
Explanation:
An executive summary refers to the report which is a summary report of several vital business reports. It basically consolidates all the business planning and operation reports into one single report.
As the reader shall get the major details of all the functions of the company planned and executed, and need not go through all the reports separately.
This shall save the time of readers as this reports are usually prepared for directors, owners and CEO's in order to save their important time and work more efficiently on business performance.
This is therefore prepared after all the plans are made, accordingly even after the marketing plan as this ensures summary of all the plans.
The executive summary is a component of the marketing plan that should be completed after the rest of the marketing plan has been completed, as it corresponds to the summary of all reports contained in the plan to simplify the reading of the main points of each process.
Marketing planIt corresponds to a document with the necessary actions for a company to reach its objectives and marketing goals that will help it to be competitive and positioned in the market.
Therefore, the executive summary corresponds to a summary report of all the key points of the marketing plan, helping senior management to make faster and more effective decisions according to the summary.
The correct answer is:
Should be completed after the rest of the marketing plan has been completed.Find out more information about marketing plan here:
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Any given demand or supply curve is based on the ceteris paribus assumption that ___________________.
Answer:
All else is help equal, is the right answer.
Explanation:
“All else is help equal” is the correct answer because the demand curve is downward sloping and the supply curve is upward sloping. Here, the relationship between the price and demand is negative that means a rise in price leads to a fall in demand or vice versa. Similarly, in the case of supply, the price and supply are positively related that means a rise in price leads to a rise in supply or a fall in price lead to a fall in supply.
Jamareo has found a "favorable" authority directly on point for his tax question. If the authority is an administrative authority, which specific type of authority would he prefer to answer his question?
Answer: IRS Regulations
Explanation:
Jamareo has found a "favorable" authority directly on point for his tax question. If the authority is an administrative authority, the specific type of authority would he prefer to answer his question will be IRS Regulation
Treasury Regulations are simply the tax regulations that are issued by the Internal Revenue Service (IRS) of the United. The regulations contained here are the official interpretations of the treasury Department of the Internal Revenue Code.
he town of Rock River decides to put a new road through the middle of town to increase tourist traffic. To build the road, the town must tear down a number of buildings. It sends a note to the buildings' owners, telling them to vacate the premises within 24 hours. It is
Answer:
the due process clause
Explanation:
It is likely that the town has violated the due process clause of the Constitution. This is a clause found in the fifth and fourteenth amendments to the United States Constitution and ultimately acts as a safeguard from arbitrary denial of life, liberty, or property by the government outside the sanction of law. Which the government is violating since they cannot just simply decide to tear down buildings and force individuals to vacate.
A specialist in the HR department is invited to promote the cybersecurity program in community schools. Which three topics would the specialist emphasize in the presentation to draw students to this field
Answer:
The answer is below
Explanation:
In a given situation like the one presented in the question, it is believed and expected that three topics in which the Human Resources specialist in the area of the cybersecurity program, would emphasize in the presentation to draw students to this field are the following:
1. It has a high earning potential
2. it is a career field in high demand
3. It is a service to humanity
The three topics would the specialist emphasize in the presentation to draw students to this field should include
1. It has a high earning potential
2. it is a career field in high demand
3. It is a service to humanity
The following information should be considered:
The specialist can draw the students' attention to this field. This career is well-paid because it has a potential for earning a lot of money, also the services are providedLearn more: https://brainly.com/question/1368131?referrer=searchResults
A customer, concerned about a possible pull-back in XYZ stock, instructs her broker to "Sell my XYZ stock if it falls to 40, but I don't want less than 39.75 for my shares." The broker should enter:______.a. market order to sell.b. sell stop order.c. sell stop limit order.
Answer:
c. sell stop limit order.
Explanation:
In this case, a stop order would be issued by a client that instructs his/her broker to sell the stock if the price falls below $40.
But this is a stop limit order because the client has instructed specifically that he/she will not accept a stock price lower than $39.75. A stop limit order sets an specific price limit that the customer will be willing to accept.
Identify some of the reasons why Congress passed the Sarbanes-Oxley Act.
A) To decrease management's responsibility of the accounting reports issued by the company
B) To help stop financial abuses at companies that issue their stock to the public
C) To require public companies to document and verify their internal controls.
Answer: C) To require public companies to document and verify their internal controls.
Explanation:
The Sarbanes-Oxley Act was passed in the year 2002 and represented an unprecedented increase in influence of the Government on the activities of public companies.
Passed in the aftermath of several financial scandals such as the Enron and Worldcom scandals, SOX as it is usually referred to, aimed to make companies more accountable for their actions by amongst other things, requiring that they document and verify their internal controls and made it the responsibility of senior management to ensure that it was done.
A study of the potential demand for a new hospitality and travel business is called______
Answer:
market analysis
Explanation:
A market analysis is the studies the dynamics of the study market such that of a potential rise in demands for a new hospitality and travel business. The market analysis is also a part of the global environmental analysis. It identifies the possible strengths and weaknesses along with the opportunities and threats. It areas include market trends, growth probability, and key success factors.Acme Sales calls its customers after they purchase an automobile from the dealership. In addition, every year customers are asked to complete a short survey about the car they purchased from Acme Sales and their customer-service experiences with the dealership. Acme Sales is an example of a(n) ___ system.
Answer:
open
Explanation:
Based on the description provided, it seems that Acme Sales is an example of an open system. This is a system that has external interactions which deals with information, energy, or material transfers into or out of the system boundary. In this scenario, Acme Sales is transferring information to and from the company by asking their customers questions over the phone which the clients are providing this information.
IT professionals have a responsibility to set up computers with the proper safeguards. Which of the following is a safeguard that can be installed on a computer? Check all of the boxes that apply. malware protection antivirus software spyware protection anti-firewall protection
Answer:
✅malware protection
✅antivirus software
✅spyware protection
Explanation:
It is very important for IT professionals to safeguard computers. They have a responsibility to set up computers with the proper safeguards. Some of those safegaurds are:
malware protection, antivirus software and spyware protection.
Malware protection helps to keep and defend the computer against malicious software.
Antivirus software is usually a class of program which are installed in a computer to protect, prevent, detect and also remove malware infections.
Spyware protection gives the computer protection against unnecessary spying while you are surfing the internet.
Answer:
“Malware protection”, “Anti-virus software”, and “spyware protection”
Explanation:
Determine if the items represent an example of positive economics or normative economics. The richest 1% of americans should pay more taxes than the rest of the 99%. Positive economics normative economics a decrease in the supply of coconut will increase the price of german chocolate cake, a good which requires coconut shavings as a key ingredient. Positive economics normative economics as minimum wage increases, the prices of all goods and services also tends to increase. Positive economics normative economics social welfare spending in sweden occupies too large a portion of the national budget. Positive economics normative economics
Answer:
A. Normative Economics
B. Positive Economics
C. Positive Economics
D. Normative Economics
Explanation:
Positive Economics is objective and statements are usually based on facts and economic theory. They can be tested.
For example, an increase in input would lead to a decreases in supply of the good is based on economic theory and facts. An increase in input would increase the cost of production and this would discourage sellers from producing.
Normative economics s based value judgements, opinions and perspectives. For example, the statement - social welfare spending in Sweden occupies too large a portion of the national budget - is based on opinion. To some the expenditure might be even too small. There is no economic theory that can be used to determine if this expenditure is too large or small
All employers are required by law to provide certain benefits to their employees. An example of such a benefit would be
Answer:
B) workers compensation insurance
Explanation:
Workers compensation insurance refers to an insurance which is developed to protect, safe the employee against their liabilities with respect to the injuries suffered at the time when they are in the course of their employment
So by law this insurance is provided so that it could provide the benefits to all the employers
Therefore the benefit here we called as workers compensation insurance
hence the correct option is B.
An insurer gathers the information it needs for underwriting from what form submitted by the individual?
Answer:
Application
Explanation:
In the insurance process, the application is considered to be the basic source of information for the insurer, it is a form in which the individual applying for coverage, must fill and submit them accordingly. The information gotten from the application is then used by the insurer to perform the underwriting process. It is often attached as part of the insurance contract.
Hence, in this case, the correct answer is referred to as APPLICATION
After cost overruns of the solar project, $10 million was already spent and unrecoverable. It was going to cost $12 million more in order to complete the project, and now society somehow needs to make the rational choice to
Answer:
a. continue with the project provided that the additional solar electricity is worth more than $10 million.
Explanation:
Here are the options to this question :
a. continue with the project provided that the additional solar electricity is worth more than $10 million.b. continue with the project provided that the additional solar electricity is worth more than $32 million.c. continue with the project provided that the additional solar electricity is worth more than $22 million.
The $10 million is the sunk cost. Sunk cost is cost that has already being incurred and cannot be recovered. It should not be considered when making future economic decisions.
In making the decision to continue the project, the value of the project should be more than $10 million
For the situation in exercise 8, fashion an equitable remedy that might encourage cracked mirror to decide to keep its commitment to play at your prom.
Incomplete question. Here's the full text;
Cracked Mirror, a locally well-known rock group, contracts to play for your high school prom. A week before the dance, the group cancels its appearance. A teacher finds out that the band took the opportunity to perform in a concert that will pay them $800 more. The class president’s mother is an attorney and offers her services to the school.....In the question above, could you fashion an equitable remedy that might prompt Cracked Mirror to decide to keep its commitment to play at your prom? (Certain remedies that may come to mind could violate portions of the U.S. Constitution and therefore could not be pursued.)
Explanation:
A good remedy that comes to mind is the equitable remedy of Specific performance. The remedy of Specific performance is usually issued by a court order requiring a party to perform a specific action, as obliged in a contract.
Thus, by suing Cracked Mirror rock group to pay monetary damages for its failure to perform could prompt them to keep its commitment to play at your prom, especially when the damages involves a significant amount.
The following passage would be appropriate for a document aimed at a multicultural audience: Two companies found themselves in the financial equivalent of sudden-death overtime. The first to raise the necessary capital would be the one to survive.a) trueb) false
Answer: False
Explanation:
This passage would not work on a multi-cultural audience because it uses a culture specific term which is sudden-death overtime.
The term is used by the National Football League for American football which is not a sport that is very popular outside the shores of the United States. A person from Nigeria or even France for instance might have a hard time understanding the reference to sudden-death overtime because they are unfamiliar with the term.
1. What kinds of communication does marketing entity generate? For instance, imagine a starbucks coffee shop. What are the detailed elements that communicate messages to the buyer and what are those messages?
Answer:
Marketing as an entity generates awareness and demand for the product.
Explanation:
Marketing of a product communicates about its brand value, its utility, and its performance. The four to seven P of marketing such as place, price, product, promotion, people, and physical evidence communicated through the advertisement, personal selling, brand endorsements, and PR events. For example, Starbucks coffee communicates the brand name logo, the price, the taste and communicates about the quality of the product. It delivers the message of high standards and a large market base and huge revenue to the clients.Marketing is a function that helps the business to generates or creates more awareness and demand for its product.
The main purpose of marketing activities is to communicates about the product brand, utility and performance to the prospective buyers.
For instance, imagining a starbucks coffee shop, the marketing activities that can take place to induce different customers or prospective customers to buy more product includes in-house advert, sales promotion, discounts etc
In conclusion, generally, the detailed elements that communicate the messages of a seller to the buyer includes advert, sales promotion, direct marketing, personal selling, public relations, sales promotion, digital marketing and the message are structured to induce the customer to buy from them.
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When Terry Doyle of CommuniCom, Inc. created smaller, more independent maintenance units, he was performing the function of:
Answer:
Organising
Explanation:
Organising is defined is the process of sharing responsibility based on sections and departments. It is also establishment of relationship among between the people involved in a project so that efficiency is ensured.
In this scenario where Terry Doyle of CommuniCom, Inc. created smaller, more independent maintenance units, he is performing organising function by allocating resources in the organisation.
Answer: Organizing
Explanation:
Many organizations split units of the organization from the larger it has been to smaller units. The purpose for this splitting is to aid growth in the organization and keep every activity that would be happening within the firm organized; accessible, and task to be carried out easily.
1. Goals of UAE organizations concerned with the Child Protection Law and the reasons for its inception
Answer:
The answer is below
Explanation:
The goals of UAE organizations concerned with the Child Protection Law and the reasons for its inception are the following:
1. No Poverty: as a result of poverty in some rural areas which is affecting children's development in UAE, the government has made it official to eradicate poverty in those areas.
2. Education for All: this is to ensure that children of age 6 to 18 or Grade 12, all have access to quality education, so as to boost literacy level in UAE
3. Social Support: this is to ensure those with the lowest income are able to cater to their children and afford a decent life.
Within how many days after initially commencing work must an employer report a new employee, according to PRWOR?
Answer:
20 days
Explanation:
The full meaning of PRWOR is Personal Responsibility and Work Opportunity Reconciliation Act of 1996 of the U.S..
PRWOR is a detailed bipartisan welfare reform plan that brought a change to the U.S. welfare system in a dramatic way whereby time-limited assistance is required to be exchange for work.
One of the contents of PRWOR is that it mandates an employer report a new employee within 20 days after the employee initially commencing work by filing a new hire reporting form.
Therefore, according to PRWOR, an employer report a new employee must report a new employee 20 days after initially commencing work.
Corporate procurement, also called corporate purchasing, deals with the transactional elements of buying products and services by an organization for its operational and functional needs.a) trueb) false
Answer: True
Explanation:
Cooperate procurement could be defined as the process where a firm or organization buys materials needed for projects and other items that would be useful in the organization. This is handled by the procurement department of the organization, every other department would tender items that her needed to be purchased, when these items are approved by the management, the procurement department either contacts it's vendors or acquire the items by themselves.
A municipal securities firm is hosting an event in its suite at a football game in the city where the firm is headquartered. A registered representative wants to invite an individual to join him in the suite to watch the game. The individual works for the municipality, and has worked with the registered representative on previous bond underwriting deals for the municipality. The ticket to the game is worth $250. Which statement is TRUE about this?
A. Giving the ticket to the game to this individual violates the MSRB $100 gift limit
B. This individual can be given the ticket because it has a de minimis value under the MSRB Political Contribution rule
C. This individual can be given the ticket because the firm is hosting the event and it is acceptable to invite a business client
D. This individual cannot be given the ticket because it is a conflict of interest
Answer: This individual can be given the ticket because the firm is hosting the event and it is acceptable to invite a business client.
Explanation:
A municipal security is simply a security that is being ssued by either the government or its agency.
With regards to the information provided in the question, the true statement is that the individual can be given the ticket because the firm is hosting the event and it is acceptable to invite a business client.