Based on the available information, Nike is a competitor to Decathlon because both brands are manufacturers of sports wears.
Similarities between Nike and DecathlonFrom the business activities of Nike and Decathlon, it has been revealed that both brands major in the production of Sportswear.
The sportswear produced by Nike and Decathlon includes but is not limited to the following:
BootsSnowboardsFootballBasketballWinter JacketsHelmets, etc.These two brands are considered competitors because they both have the same consumers to patronize their products.
Also, since both brands are in the same line of business, they are considered to be in the same industry.
Hence, in this case, it is concluded that the correct answer is that both brands are manufacturers of sports wears.
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If ABC Inc. issues 100 of the 8%, 5-year bonds when the market rate of interest is only 6%, then the cash received is $108,530 (Issued Bond at a Discount).
Group of answer choices:
A) True
B) False
It is true to state that If ABC Inc. issues 100 of the 8%, 5-year bonds when the market rate of interest is only 6%, then the cash received is $108,530 (Issued Bond at a Discount).
What is a bond?A bond is a financial asset in which the issuer owes the bearer a debt and is obligated to return the principle of the bond and interest over a predetermined period, depending on the conditions.
An income bond is a form of financial instrument in which the investor has assured just the face value of the bond, with any dividend payments paid only if the issuing firm has enough revenues to cover the coupon payment. An adjustment bond is a sort of income bond in the context of corporate bankruptcy.
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Fortune Incorporated is preparing its master budget for the first quarter. The company sells a single product at a price of $25 per unit. Sales (in units) are budgeted at 150,000 for the first quarter. Cost of goods sold is $14 per unit. Other expense information for the first quarter follows.
Sales Commissions 8% of sales dollars
Rent $42,000 per quarter
Advertising $562,500 per quarter
Office salaries $225,000 per quarter
Depreciation $120,000 per quarter
Interest 1.25% quarterly on $250,000 note payable
Tax rate 30%
Prepare a budgeted income statement for the first quarter ended March 31. (Round your intermediate and final answers to the nearest whole dollar.)
The budgeted income statement for Fortune Incorporated for the first quarter that ended March 31 is as follows:
Fortune Incorporated
Budgeted Income StatementFor the first quarter ended March 31
Sales Revenue $3,750,000
Cost of goods sold 2,100,000
Gross profit $1,650,000
Other Expenses:
Sales commission $300,000
Rent 42,000
Advertising 562,500
Office salaries 225,000
Depreciation 120,000
Interest expense 3,125
Total expenses $1,252,625
Income before tax $397,375
Tax expense 119,213
Net income $278,162
What is the budgeted income statement?The budgeted income statement is a financial performance statement that shows the expected sales revenue and net income for a period.
The income statement figures are based on estimates and not actual results.
Sales Revenue = $3,750,000 ($25 x 150,000)
Cost of goods sold = $2,100,000 ($14 x 150,000)
Other Expenses:
Sales commission = $300,000 ($3,750,000 x 8%)
Rent per quarter = $42,000
Advertising per quarter = $562,500
Office salaries per quarter = $225,000
Depreciation expense per quarter = $120,000
Interest expense per quarter = $3,125 ($250,000 x 1.25%)
Tax rate = 30%
Tax expense = $ ($ x 30%)
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The supply curve will shift because of
The supply curve will shift because of changes in production costs and related factors.
The supply curve will shift when the production cost increases, resulting in lower number of goods produced; or when production cost decreases, resulting in higher number of good produced.
Changes in the curve are often the result of changes in prices of materials, cost of labor, utilities costs, technological changes, competition, regulatory changes, and so on.
If the supply curve shifts up, that means less goods produced due to the higher cost to manufacture the product. If the supply curve shifts down, then more goods can be produced as costs of manufacturing the product decreases.
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If you deposit $200 into a CD (Certificate of Deposit) with an interest rate of 1% for 3 years, how much simple interest will you earn after three years?
If you deposit $200 into a CD (Certificate of Deposit) with an interest rate of 1% for 3 years, simple interest is $6.
What is the simple interest?Generally, Your annual interest earnings will be as follows:
1 Interest rate multiplied by the amount of money deposited
= 200 x 1%
= $2
Because it is simple interest, the amount of interest that you receive will remain constant from year to year. In three years, you will have the following:
1 Interest accrued every year multiplied by the number of years
= 2 x 3
= $6
As a result, you will get an interest payment of $6.
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1. In 2018, Fast Company identified Apple as the number one most innovative company in the world. Why do you think Apple has been given this accolade?
Apple was given accolade because it was recognized as first company to have market value of $1 trillion
Reasons for Apple's Success
Constant focus on making things easier and more convenient for peopleProduct development and market penetrationThe PC industry's revolutionGraphical user interface and the mouse were added to consumer productsEnhanced music playersStarted the revolution in smartphonesIntroducing cutting-edge innovations that serve as trendsetters for the rest of the sectorWhat happened in 2018?
Apple made history on August 2, 2018, when it became the first publicly traded U.S. business to have a market capitalization of $1 trillion. The Apple brand and its continuous success are substantially influenced by both performance and design.
Apple's success can be attributed to a global strategy that went beyond regular desktop computers to encompass mobile and wearable technology. They make the consumer feel good about themselves.
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Of the five global product and communications strategies,
which best describes L’Oréal’s
approach?
Of the five global product and communications strategies, product invention best describes L’Oréal’s approach
What is product invention?Generally, Around the year 1752, Benjamin Franklin made the discovery that lightning may have an electrical impact, which led to the invention of the lightning rod.
This innovation is still put to use today and has significantly improved the level of protection that buildings provide residents during thunderstorms.
Since the dawn of time, people all around the world have been coming up with new ideas.
Product innovation is the worldwide product and communications strategy that best represents the approach used by L'Oréal. This is due to the fact that they have developed new goods and services for nations all over the globe.
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Banks only play a very small role in the economy, accepting deposits and making loans ?true or false? explain
Commercial banks compete with each other mainly through interest rates? Right or wrong explanation
Will market interest rates rise if the central bank expands the volume of money?True or false explanation
Would the most effective and secure commercial banking regulator be the ministry of justice? Right or wrong explanation
money laundering makes the total money supply in the economy increase, thus stimulating the development of the economy?
Social insurance works not for profit, so it is not a little financial? right or wrong explanation
Thanks you!
Banks only play a very small role in the economy, accepting deposits and making loans is false.
Commercial banks compete with each other mainly through interest rates is wrong.Will market interest rates rise if the central bank expands the volume of money is falseNo, the most effective and secure commercial banking regulator will not be the ministry of justice.Money laundering makes the total money supply in the economy increase, thus stimulating the development of the economy is true.Social insurance works not for profit, so it is not a little financial is wrong.What is the impact of money in the economy?Lower interest rates are often a result of increased money supply, which leads to more investment and more money in consumers' hands, which in turn boosts consumption. In response, companies place larger orders for raw materials and boost output.
Interest rates and the amount of money in a country are inversely related. This implies that if a country's economy has a bigger supply of money, interest rates should be lower. Rates ought to be higher, on the other hand, if the money supply is smaller.
Therefore, By ensuring banks have competent management, regulations assist prevent them from making poor investments or taking on too much risk. Social insurance has been found to significantly lower poverty rates in the US, particularly for children and older people.
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Merger Company has 10 employees, each of whom earns $2,000 per month and has been employed since January 1. FICA Social Security taxes are 6.2% of the first $137,700 paid to each employee, and FICA Medicare taxes are 1.45% of gross pay. FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first $7,000 paid to each employee. Prepare the March 31 journal entry to record the March payroll taxes expense.
The appropriate journal entry to record the transaction is: Debit Payroll taxes expense 273, Credit FICA Social Security Payable (6.2%) $124, Credit FICA Medicare Payable (1.45%) $29, Credit FUTA (.6%) $12, Credit SUTA (5.4%) $108
How to prepare the journal entry?Merger Company journal entry
March 31
Debit Payroll taxes expense 273
($124 + $29 + $12 +$108)
Credit FICA Social Security Payable (6.2%) $124
( 6.2% × $2,000)
Credit FICA Medicare Payable (1.45%) $29
(1.45% × $2,000)
Credit FUTA (.6%) $12
( .6% × $2,000)
Credit SUTA (5.4%) $108
( 5.4% × $2,000)
(To record payroll taxes expense)
Therefore the entry is Debit Payroll taxes expense 273, Credit FICA Social Security Payable $124, Credit FICA Medicare Payable $29, Credit FUTA$12, Credit SUTA $108.
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When you think about a leader, what words would you use to describe that person?
Answer: Someone who has the most power
Explanation:
when using the Area health education centers model, the should the student first state the consequence?
When using the Area health education centers model, it is false that the student should first state the consequence.
What is the Area Health Education Centers?This Education Centers enforces a federally funded program that is established in the United States in 1972 to improve the supply, distribution, retention and quality of primary care and other health practitioners in medically under-served areas.
The health program is among the national effort to improve access to health services through changes in the education and training of health professionals. In conclusion, the main goal of the educational program is to link health professions education with service delivery in underserved areas by bringing together the academic resources needed.
Full question "when using the Area health education centers model, the should the student first state the consequence True/False"
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Suppose your company sells a 3 pack of lenses that attach to smart phones to improve the quality of pictures people take. You pay $29.95 for each 3 pack and sell them for $59.95. What is your Cost of Goods Sold Percentage for this item?
Answer:
the answer is 50%
Explanation:
because it is like a half of it
The cost of goods sold percentage for the 3 pack of lenses for smart phones is 49.96%
How to find the cost of goods sold?The cost of goods sold is simply the amount that a person or company spent in order to be able to acquire the good that they are now selling.
In this case, the amount that you acquired the pack of lenses is $29.95 so this is the cost of goods sold.
The cost of goods sold percentage is:
= Cost of goods sold / Selling price x 100%
= 29.95 / 59.95 x 100%
= 0.49958
= 49.96%
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Match the NAEYC Program Standard on the left with its description on the right.
Matching the NAEYC Program Standard on the left with its description on the right is as follows:
NAEYC Program Standard DescriptionRelationships g) Promotes positive interactions
Curriculum e) The curriculum utilized
Teaching d) Teaching methods
Assessment of Child Progress f) Formal and informal assessments
Health h) Supports health and nutrition
Staff Competencies, Preparation,
and Support i) Highly qualified teaching staff
Families b) Positive relationships with families
Community Relationships c) Strong community relationships
Physical Environment a) Safe environment
Leadership and Management j) Strong leadership, procedures, and
What are the NAEYC Program Standards?The National Association for the Education of Young Children (NAEYC) has 10 program standards to facilitate families in making the right choice with regard to their children's childcare center, preschool, or kindergarten selection and support.
The NAEYC is an umbrella organization representing teachers, para-educators, center directors, trainers, college educators, families of young children, policymakers, and early childhood education advocates.
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In a situation where a criminal misrepresents himself as another person during arrest to try to avoid a summons, prevent the discovery of a warrant issued in his real name, or avoid an arrest, what type of identity theft has occurred?
CRIMINAL IDENTITY THEFT
Which of the following is not a valid generalization concerning the relationship between price and costs for a purely competitive seller in the short run?
Multiple Choice
O
Price must be at least equal to average total cost.
Price times quantity produced must be equal to or greater than total variable cost for some level of output or the firm will close down in the
short run.
Price may be equal to, greater than, or less than average total cost.
Price must be equal to or greater than minimum average variable cost for the firm to continue producing.
The following is not a valid generalization that price may be equal to, greater than, or less than average total cost for a purely competitive seller in the short run.
What is Average Total Cost of a Product?
The average total cost is calculated by dividing the total cost of production by the total output. In other words, the average cost is the sum of the firm's total fixed and variable costs divided by the sum of the units it produces. Average cost, often known as unit cost, in economics is the total cost divided by the quantity of a good produced: Display style AC = frac TC Q. Average cost strongly influences how businesses decide to price their items.
Hence, the option c is correct which is Price may be equal to, greater than, or less than average total cost.
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what is the net profit if my net income is $1320, Total Assets is $9370, Total liabilities is $6700, and Total Revenue is $6880?
The net profit, based on the total assets, the total liabilities and the net income is $1,320
How to find the net profit?The net profit is part of the equity that a company has which also includes the common stock and the total revenue.
The Accounting equation is:
Assets = Liabilities + Equity
The net profit is the same as the net income so if the net income is $1, 320 then the net profit is also $1, 320. To find the net profit, expenses are taken from the total revenue which is derived from sales.
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After choosing a shape to create, what instructions should you follow next?
left mouse click, hold down, and drag
double-click at the end of the document
right mouse click and select the area to fill
triple-click at the beginning of the document
After choosing a shape to create, The instructions that you should follow next is: A. left mouse click, hold down, and drag.
How to create a shape?Your can create a shape of your choice using photoshop in which you have to follow the necessary step to successful create the shape you intend to create.
After choosing the shape you want to create the next step of action is for you to left click on you mouse and the hold it down and drag, this process will enable you to create the shape successful.
Therefore the correct option is A.
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Marginal cost is defined as the rate of change in
Answer:
Marginal cost is defined as the rate of change in TOTAL COST WHEN THE QUANTITY IS INCREASED IN PRODUCING.
Explanation:
MARGINAL COST is defined as the change of cost when we increase a unit in the production. When quantity is increased, MARGINAL COST EVENS GETS INCREASED.
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You are asked to provide two friends who are in business together with advice regarding what they need to do to legally in order to form a limited liability company. Although your friends like the general notion of limited liability in the operation of their business, they are totally unfamiliar with the legal processes for forming a LLC, so you need to provide them with the basic requirements for LLC creation. What specific advice would you give them?
The specific advice would you give them concerning the legal processes for forming a limited liability company is to choose the appropriate LLC name, noting that the name would not be the same with any existing LLC in the state's LLC office, the get verified in the nearest office.
What is limited liability company?A limited liability company (LLC) can be described as the business structure whereby the owners of the business is been protected from personal responsibility with respect to the debts or liabilities.
It should be noted that when starting a LLC it is adviceable to choose a differnt name whic will be verified from the state's LLC office.
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Vanessa, a single mother, has three children, Mariah (7), Alejandro (12), and Brianna (18). Brianna is a full-time student. Vanessa's adjusted gross income is $68,950, and her tax liability is $5,757. All three children are Vanessa's qualifying child dependents. What is the total of Vanessa's Child Tax Credit and Other Dependent Credit?
The total of Vanessa's Child Tax Credit and Other Dependent Credit, based on her tax liability and children, is $5, 757.
What is the Child Tax Credit?Child Tax Credit is a credit that tax payers are eligible for if they have children who depend on them. The age of the children is such that they have to be below the age of 19.
For every child that qualifies for the Child Tax credit, the tax payer gets a tax credit of $2, 000.
Vanessa has a total of 3 children who are below the age of 19 and so they all qualify which means that Vanessa qualifies for a Child Tax Credit of:
= 2, 000 x 3
= $6, 000
However, the child tax credit cannot exceed the actual tax liability of $5, 757.
Vanessa's Child Tax Credit and Other Dependent Credit is therefore the sum of $5, 757.
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Consider the organization where you are currently employed (you may use a former employer). Share the type of business, and identify specific examples of what you believe to be the most and least valuable long-lived assets. Explain your rationale.
The key to a success-ful organization is to have a culture ba-sed on a strongly held and wide-ly shared set of beliefs that are support-ed by strategy and stru-cture.
When an organ-ization has a strong culture, 3 things happen: Emplo-yees know how top manage-ment wants them to respond to any situation, emplo-yees believe that the expect-ed response is the proper one, and employees know that th-ey will be reward-ed for demons-trating the organization's values.
Employers have a vital role in perpe-tuating a strong culture, starting with recruit-ing and selecting app-licants who will share the organ-ization's beliefs and thrive in that culture, develop-ing orientation, training and perform-ance management programs that out-line and reinforce the organ-ization's core values
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A fire completely destroyed the entire inventory of Printing Delight Co. on March 15, 20-
-. Fortunately, the books were not destroyed in the fire. The following information is
taken from the books of Printing Delight Co. for the time period, January 1, 20-- through
March 15, 20--:
Beginning inventory, January 1, 20--
Net purchases, January 1, through March 15, 20--
Net sales, January 1, through March 15, 20--
Normal gross profit percentage of sales
$45,000
252,000
378,000
37%
Required:
1. Estimate the cost of goods sold for the time period January 1 through March 15, 20-
-, using the gross profit method.
Estimated cost of goods sold
2. Estimate the amount of merchandise inventory destroyed in the fire on March 15,
20--, using the gross profit method.
Estimated inventory on March 15, 20--
Estimated Inventory on March 15 is $58,860
What is Beginning inventory?
Beginning inventory is the overall economic cost of gadgets which might be in inventory and equipped to apply or promote on the begin of an accounting period. Also referred to as beginning inventory , starting stock fits the preceding accounting period's finishing stock.Beginning stock, or beginning inventory , is your stock cost on the begin of an accounting period (normally a yr or a quarter).The significance of understanding your beginning inventory It tells you ways a whole lot stock you need to paintings with, and what kind of stock you want to reserve to keep away from stockouts. Beginning inventory also can be used to calculate how a whole lot products become offered all through a given period.
1. Sales $378,000
Less: Cost of Goods Sold 238,140
Gross Profit (378,000 * 37%) 139,860
Estimated Cost of Goods Sold = $238,140
2. Estimated Inventory on March 15 =
Beginning Inventory + Net Purchases - Cost of Goods Sold
= $45,000 + $252,000 - $238,140
= $58,860
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Which type of health insurance policy do you have if your insurance company does not pay anything until you have reached your deductible?
Answer: high deductible health plan
Explanation:
Answer:
A policy with no insurance deductible means that you get the full cost-sharing benefits of your plan immediately. You won't need to pay a certain amount out of pocket before the insurance company starts paying for covered medical services.S
Explanation:
Expeditions Incorporated and BookItNow compete as online travel agencies. The following amounts were reported by the two companies in the three months ended June 30, 2019.
(in millions) Net Income Total Assets Total Liabilities Total Revenues
Expeditions Incorporated $ 1,230 $ 9,370 $ 6,700 $ 6,880
BookItNow 3,320 8,850 4,570 8,110
Required:
Calculate each company’s net profit margin expressed as a percent.
Which company has generated a greater return of profit from each revenue dollar?
BookItNow firm is the company that has generated a greater return of profit from each revenue dollar.
What is a net profit margin?Basically, the net profit margin is the margin that measures the amount of net profit a company obtains per dollar of revenue gained. The net profit margin is an example of a profitability ratio and measures the ability of a firm to earn a profit from its assets. The formula for Net profit margin = Net income / Revenue
Expeditions Incorporated Net profit margin:
= $1,230 / $6,880
= 0.17877907
= 17.88%
BookItNow Net profit margin:
= $3,320 / $8,110
= 0.409371147
= 40.94%
Because BookItNow Net profit margin of 40.94% is higher than Expeditions Incorporated Net profit margin of 17.88%, hence, the BookItNow firm is the company that has generated a greater return of profit from each revenue dollar.
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Which of the following is an example of a direct question?
•"I understand that you wish to improve your supply chain, right?"
•"Why do you think you want to upgrade your motor fleet?"
•"What are your needs for wireless technology?"
•"Does your firm want to reduce its production costs?"
An example of a direct question would be: Does your firm want to reduce its production costs? Option d.
What is a direct question?A direct inquiry usually ends in a question mark and is one that can be replied (i.e., it is not a statement). Have you ever texted the incorrect person, for instance? When eating pizza, do you fold it?
The indirect question will have if if the direct question is a "yes or no" inquiry and lacks a question word like what, who, when, where, why, or how. Do you like Italian food, Tom? Do you know if Tom enjoys Italian cuisine? Are your folks coming to supper with us?
Direct inquiries make no assumptions, allowing the respondent to completely express their own narrative using their own words. This reveals the most precise understanding of their motivations. Leading questions, however, skew results due to our own prejudice.
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What is the biggest Stock-Market in South Africa?
Answer:
JSE
Explanation:
The JSE is currently ranked the 17th largest stock exchange in the world by market capitalisation and the largest exchange in the African continent. The JSE was formed in 1887 during the first South African gold rush.
Think of a potential product you might buy or create to sell in your store. Describe this product and estimate how many you think you can reasonably sell your first year in business.
The product that I will sell in my store is Coffee, I will prepare (create) the coffee in store and will sell it, I will be able to sell almost 200 coffee cups per day which makes 73,000 cups per year.
What is a Business?Business is a trade in which a person purchases or makes the inventory and sell it for profit, the strategies are made and acted accordingly to maximize the profit.
The potential business will be a coffee shop where I will sell the coffee that will be prepared in my store, according to a survey an average coffee shop sells 230 cups of coffee everyday, being pessimist and a new coffee shop I am estimating to sell 200 cups of coffee per day which makes 73,000 cups of coffee per year. This coffee cup is estimated to be sold for $3 each and will cost $2 so a profit of $1 will be available on each cup of sale.
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What should be the current price of a share of stock if a $5 dividend was just paid. The stock has a required return of 20%. And a constant dividend growth rate of 6%?
a. $25.00
b. $19.23
c. $37.86
d. $35.71
the current price of a share of stock is $37.86. if a $5 dividend was just paid. The stock has a required return of 20%. And a constant dividend growth rate of 6%.
The current price of a share of stock will be
P = $5(1.06)/(0.20-0.06)
P = $ [tex]\frac{5.30}{0.14}[/tex]
P= $37.86
Dividends are paid out of the employer's income after tax (consumption). Dividends also help decide the value of an employer's stocks. They sign to shareholders that the business is earning enough to assist growth and share a part of the gains with its owners.
A dividend is the distribution of a company's profits to its shareholders and is decided by using the employer's board of directors. Dividends are frequently allotted quarterly and may be paid out as coins or in the shape of reinvestment in additional inventory.
A dividend is a praise paid to the shareholders for their investment in an organization’s equity, and it usually originates from the enterprise's net earnings. even though profits can be stored within the corporation as retained income for use for the employer’s ongoing and destiny enterprise sports, a remainder can be allotted to the shareholders as a dividend.
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In a survey, the planning value for the population proportion is p* = 0.25. How large a sample should be taken to provide a 95% confidence interval with a margin of error of 0.02? (Round your answer up to nearest whole number.)
If the planning value for the population proportion is p* = 0.25. The sample that should be taken to provide a 95% confidence interval with a margin of error of 0.02 is: 1800.75.
How to find the sample size?Using this formula
n = [z/E]^2×pq
Where;
n =Sample size
z = z-score of 95% confidence interval = 1.96
E = Margin of error =0.02
P = Population proportion = .25
Let plug in the formula
n = [1.96/0.02]² × 0.25× (1- 0.25)
n = [1.96/0.02]² × 0.25×0.75
n = (98)² × 0.25×0.75
n = 9,604 × 0.25×0.75
n = 1800.75
Therefore the sample size is 1800.75.
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Joe works at a local grocery store. On Monday, he notices the price of oranges is $1/lb and people buy 50 lbs. On Friday, he notices the price has risen to $1.20/lb and people buy 60 lbs. "The price has risen and the quantity demanded has risen as well! The law of demand must be incorrect!" Joe proclaims.
Is his conclusion correct? Why or why not?
Joe's conclusion is not correct. This is because there might be other factors that is affecting the quantity demanded for oranges other than the price of oranges.
What is the law of demand?The law of demand is an economic theory that postulates that other things remaining equal, there is a negative relationship between the price of a good and the quantity demanded for the good.
This means that it is expected that the quantity demanded of oranges should decrease when the price of oranges increases. And if the price of oranges decreases, the quantity demanded would increase.
If the quantity demanded of oranges increases with the price of oranges, there might be other factors responsible for this phenomena For example, there might have been a new study that says that eating oranges boosts the immune system. This would make more people want to buy oranges regardless of the increase in price. As an other example, it might be expected that the price of oranges would increase further. This would make people purchase more oranges.
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The purpose of the stock market is to make?
Answer: The stock market helps companies raise money to fund operations by selling shares of stock, and it creates and sustains wealth for individual investors. Companies raise money on the stock market by selling ownership stakes to investors. These equity stakes are known as shares of stock.