An invoice for merchandise purchased is showing /15, n/30 as terms of credit. if the invoice is paid on or before the fifteenth day after the invoice date, the amount to be paid is $588.
As per the credit terms, if the customer pays within 15 days from the date of purchase, a 2% discount will be availed on the invoice price. The purchases account is debited when merchandise is purchased on account to point that an asset (the merchandise) has been acquired. The debit increases the number of assets owned by the corporation.
Merchandise buying is a very important part of retail management that involves retailers finding and buying goods from manufacturers to sell them on behalf of their business. To hit the worth of merchandise inventory, multiply the quantity of unsold inventory with the price of every unit.
This merchandise inventory value, which is typically considered the identical because the ending inventory, is then entered into the record. Purchase invoice: or bill. Issued by the vendor to the client to point out that merchandise has been delivered.
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Oklahoma oil corp. paid interest of $785,000 during 2021, and the interest payable account decreased by $125,000. what was interest expense for the year?
Paid interest of $785,000 during 2021, and the interest payable account decreased by $125,000. The interest expense for the year is $555,000.
interest expense = 785000 - 125000 x 2
= 555000
What is interest expense?Cost of borrowing money is related to interest expense. It is the fee a lender assesses to a borrower in exchange for using the lender's funds. The cost of borrowing money from banks, bond investors, and other sources can be shown as interest expense on the income statement.
For illustration, suppose a company borrows $1,000 on September 1 with a 4% monthly interest charge. ($1000 x 4%) means that the interest cost for September will be $40. On October 1, the company repays the loan in full with a $500 payment. The interest cost for October will be $20 (500 x 4%).
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What information must be supplied when utilizing a method that requires additional information in order to operate?
Argument: When using a method that needs further information to function, information must be provided.
What is counter argument?
A counter argument is an objection to an objection in reasoning and argument mapping. An argument against a premise, a key assertion, or a lemma can be answered with a counterargument. Rebuttal, reply, counterstatement, counter reason, comeback, and answer are all possible synonyms for counterargument. Making a counterargument or locating a counterexample are two ways to try to refute a claim.Speaking of counterarguments does not imply that a particular subject has only two sides or that there is only one kind of counterargument. There are frequently numerous counterarguments for a given argument, some of which are incompatible with one another.A counterargument might aim to challenge the veracity of one or more of the first argument's premises, to demonstrate that the contention of the first argument does not follow legitimately from its premises, or it might pay little attention to the premises and common structure of the first argument and merely aim to show that the truth of a conclusion is inconsistent with that of the first argument.To learn more about counter argument visithttps://brainly.com/question/12348362
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Will exhaustive testing (even if it is possible for very small programs) guarantee that the program is 100 percent correct?
Exhaustive testing is the practice of testing for every possible issue in order to ensure that the product cannot be ruined or crashed by an unforeseen circumstance. It considers all conceivable input concatenations, usage scenarios, as well as arbitrary events and inputs.
It is impossible to conduct exhaustive or comprehensive testing. Due to the following factors, it is almost difficult for the majority of systems: A system cannot be tested using all of the domain of potential inputs for a program. It is frequently asserted that thorough testing of software is comparable to a proof of correctness. Although I've stated it before, this approach seems intuitively appealing but is flawed both technically and practically.
When all of your team's testers are worn out and all the planned tests have been run, this is known as exhaustive testing, also referred to as comprehensive testing.
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A sports broadcaster who makes an on-air statement that an mlb player uses performance enhancing drugs without know whether the statement is actually true could be liable for?
If a sportscaster says on-air that a Major League Baseball player uses performance-enhancing drugs without knowing if the claim is accurate, the broadcaster may be held legally responsible for defamation.
An act of staging or presenting a play, concert, or other type of entertainment is known as a performance. It can also be described as the act, procedure, or accomplishment of performing an act, task, or function. Early in the 20th century, performance art became increasingly popular as a subset of performance. With a concentration on avant-garde poetry readings and live paintings intended to be seen by an audience, Dada and Russian constructivism groups are credited with the invention of performance art. It includes audience participation if desired and can be either scripted or entirely improvised. Action painting, a method that emphasised the dynamic motions of painters as they splattered paint, emerged in the 1950s with the rise of abstract expressionism with Jackson Pollock and Willem de Kooning.
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For domestic or regional airlines or routes, there is always the option of taking a car, bus or train. This describes which of porter’s five competing forces?.
This describes threats of substitution.
What are Porter’s five competing forces?A tool for analyzing a company's competitive environment is Porter's Five Forces Framework. It uses industrial organization (IO) economics to extract five forces that control the level of competition and, consequently, the profitability (or lack thereof) of an industry.An industry is considered "unattractive" when the combined impact of these five forces lowers overall profitability. An industry that is getting close to "pure competition," in which all firms' available earnings are being pushed to average profit levels, would be the least desirable. The five-forces perspective is known for being created by Harvard University's Michael E. Porter. In 1979, the Harvard Business Review published this paradigm for the first time.
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Carter's preferred stock pays a dividend of $1.00 per quarter. if the price of the stock is $70.00, what is its nominal (not effective) annual rate of return?
Carter's preferred stock pays a dividend of $1.00 per quarter. if the price of the stock is $70.00, what is its nominal (not effective) annual rate of return is 8.89%.
Pref quarterly dividend = $1, Annual dividend = quarterly dividend x 4 = $4, Preferred stock price = $45, Nom. reg. return = annual dividend / price = 8.89%.
The marginal investor determines the price at which a new issue of stock will trade when it is brought to market. Lucas Laboratories' last dividend was $1.50.
Preferred stocks are usually less risky than common dividend stocks, and carry higher yields, but lack the chance for price appreciation because the issuing company grows. They also go without voting rights. Preferred stocks do provide more stability and fewer risk than common stocks, though.
While not guaranteed, their dividend payments are prioritized over common shares dividends and will even be return paid if a corporation can't afford them at any point in time. Disadvantages of preference shares include limited upside potential, charge per unit sensitivity, lack of dividend growth, dividend income risk, principal risk and lack of voting rights for shareholders.
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The quantity of products that manufacturers or owners are willing to sell at different prices at a specific time is called:_________
The quantity of goods that producers or owners are prepared to sell at various prices at a particular moment is referred to as Demand.
The quantity of goods that producers or owners are prepared to sell at various prices at a particular moment is referred to as Demand.
Demand in economics refers to a consumer's desire to buy products and services as well as their readiness to pay a given price for them. The quantity demanded of an item or service typically decreases as its price rises. The amount demanded will rise in response to a decrease in the cost of a commodity or service.
Because it makes sense and organically happens throughout nearly any day, demand is a concept that both consumers and businesses are highly familiar with. For instance, customers who are keeping an eye on certain items may purchase more of them when the prices are low. Shoppers purchase fewer items or sometimes none at all when anything occurs that increases the Demand of price, such as a change in season.
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Project work has begun, and you are about to record progress. what must you do first in order to track variances?
you do first in order to track variances: set a baseline and status date.
What does setting a baseline mean?
By definition, a baseline in project management is a plainly outlined starting point for your project plan.
In other words, a baseline is an initial plan you define together with stakeholders, bringing to light the project expectations and deliverables.
A baseline in project management is a clearly defined starting point for your project plan.
In other words, a baseline is an initial plan you create with stakeholders to define project expectations and deliverables.
When it is approved, it becomes a point of reference against which the project's progress can be measured over time. Here's an example of a basic project plan in Forecast.
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If your bank charges an out-of-network service fee of $3.00, and you withdraw $20 from each of three out-of-network atms, how much money in total will be removed from your account? a. $60 b. $63 c. $69 d. $120 please select the best answer from the choices provided a b c d
The total money removed from your account will be $69. Hence, option c. is the correct answer
Bank charges on an out-of-network atm = $3.00
Amount withdrew each time = $20
No. of times amount is withdrawn from out-of-network ATMs = 3 times
Therefore, total service charges paid for 3 withdrawals = 3*3 = $9
Total amount withdrawn for 3 withdrawals = 3*20 = $60
So, the total amount removed from the account will be sum total of the 3 withdrawal amounts and the service charge on the 3 withdrawals made = 60 + 9 = $69
Therefore, the total amount removed from the bank will be $69. Hence option c. will be the correct answer for the given question
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As the price of lead falls (a key input in the production of automobile batteries), the costs of producing batteries decreases, shifting the supply curve of batteries:__________
As the price of lead falls (a key input in the production of automobile batteries), the costs of producing batteries decreases, shifting the supply curve of batteries down and to the right.
When supplies of a good or service fluctuate at a given price in reaction to other economic circumstances, the supply curve shifts. The supply curve for each price level would move to the right if more of the good or service was provided at each price level for reasons other than price.
The corresponding supply curve would move to the left if the volume of a good or service supplied at each price level decreased owing to economic considerations other than price.
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The quantity of products that people are willing to buy at different prices at a specific time is called?
The quantity of products that people are willing to buy at different prices at a specific time is called Demand.
Demand in economics refers to the quantity of a good that consumers are willing and able to buy at different prices during a specific period of time.
What is demand?
The demand curve is another name for the relationship between price and quantity demand. Demand for a given product depends on a variety of factors, including perceived need, price, perceived quality, convenience, alternatives offered, buyer preferences and disposable money.A good's possible pricing and the quantities that would be bought at those prices make up the fundamental link between supply and demand. The relationship is often negative, which means that a rise in price will result in a fall in the quantity demanded.The consumer demand curve's decreasing slope is a physical representation of this negative relationship. It makes sense and is obvious to assume that there is a negative association. It would be a significant price increase, for instance, if a gallon of milk went from being $5 to $15. Because the price has increased by such a large amount and is now absurdly high for the goods, consumers will no longer purchase as much of it for $15.To learn more about Demand visit:https://brainly.com/question/14456267
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A __________ decision is one in which companies have to decide whether they should manufacture a product or outsource production to another firm.
A make-versus-buy decision is one in which companies have to decide whether they should manufacture a product or outsource production to another firm.
Manufacture is the manner of turning raw materials or components into completed items via the usage of equipment, human exertions, equipment, and chemical processing. manufacturing is integral to the economy. maximum merchandise had been homemade the usage of human exertions and basic tools before the commercial Revolution.
Manufacturing of products in big portions after processing from uncooked substances to more treasured merchandise is referred to as manufacturing. instance: Paper is a product of wood, sugar from sugarcane, iron, metal from iron ore, and aluminum from bauxite. number one goods are manufactured and become completed goods.
Production industries do not best help in modernizing agriculture, in addition, they reduce the heavy dependence of people on agricultural earnings with the aid of offering them jobs in secondary and tertiary sectors. industrial development is a precondition for the eradication of unemployment and poverty from ours.
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Ou buy a car for $38,000. you agree to a 60-month loan with a monthly interest rate of 0.55 percent. what is your required monthly payment?
You buy a car for $38,000 and you agree to a 60-month loan with a monthly interest rate of 0.55 percent. The required monthly payment is $745.36.
Given:
Present Value = PV = $38,000,
Interest rate = r = 0.55% = 0.0055
and time period = n = 60
Using the formula, The monthly loan payment is :-
P = [tex]\frac{PV * r}{1+[(1+r)^{-n}] }[/tex]
Where P = Loan Payment
Now, substituting the values in the above formula we get,
P = [tex]\frac{38000* 0.0055}{1+[(1+0.0055)^{-60}] }[/tex]
P = $745.36
Hence, if You buy a car for $38,000 and you agree to a 60-month loan with a monthly interest rate of 0.55 percent. The required monthly payment is $745.36.
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If a country devotes more resources toward the production of capital goods and less toward consumer goods then?
A nation will experience higher economic growth if it allocates more resources to the production of capital goods and less to that of consumer products.
Why Does the Economy Grow?
Increases in the production of economic goods and services from one time period to the next are referred to as economic growth. It can be calculated in real (inflation-adjusted) or nominal terms. Alternative measures are occasionally employed, but traditionally, gross national product (GNP) or gross domestic product (GDP) are used to measure overall economic growth.
Economic growth can be defined as a rise in the total output of an economy. A rise in average marginal productivity is frequently, but not always, correlated with overall production increases. This raises incomes, encourages consumers to spend more money on goods, and results in an improvement in the standard of living in terms of material goods.
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Ruritania's ministry of economics has considered various plans to stimulate economic growth in the kingdom. which proposal would have the best chance of success?
To increase the general level of skills in the labour force, improve the literacy rate with reading programs at all levels, K-12 and adult. is the proposal would have the best chance of success.
What is growth in the economy?
In economic growth research improves administrations and treatments not fair for you but also for future generations. It makes a difference to developing modern tests for diagnosis, medications and forms that may in the long run help your children, or indeed your grandchildren. Economic growth is an increase in the production of goods and services in an economy. · Increases in capital goods, and labor force.
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A main reason that environmental scanning is important is so that businesses can be aware of.
Potential threats are the main reason that environmental scanning is important so that businesses can be aware of them.
The Potential Threats screen displays information about security risks to your customers and networks. The security server collects threat information by running the Vulnerability Assessment and Cleaning Service to clean up the threats.
A vulnerable computer has weaknesses in its operating system or applications. Many threats exploit these vulnerabilities to cause damage or gain unauthorized control. As a result, vulnerabilities not only pose a risk to the individual computers on which they reside but also to other computers on your network. The Vulnerability section lists all the clients on your network for which vulnerabilities have been discovered since the last vulnerability assessment. You can see the last update time in the upper right corner of the screen.
The Potential Threat Screen classifies clients based on the level of risk they pose to the network. The risk level is calculated by Trend Micro and represents the relative number and severity of vulnerabilities for each customer.
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Individuals own the factors of production and make decisions about how to use those factors in
A: a command economy.
B: a communist society.
C: a free enterprise system.
D: an unfree mixed economy.
Answer:
a free enterprises system
B. biosante has gross deferred tax assets of $28,946,363. however, the net deferred tax assets balance is zero. explain.
On a company's balance sheet, a deferred tax asset is something that lowers future taxable income.
When a company overpays its taxes, a line item asset of this nature may be discovered. Eventually, the business will receive this money back in the form of tax savings. As a result, the corporation gains value from the overpayment. A deferred tax liability, which denotes an expected rise in the amount of income tax that a company must pay, is the opposite of a deferred tax asset. When taxes are paid or carried forward but cannot yet be reported on the company's income statement, a deferred tax asset is frequently established.
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_____ studies the factors that influence the development of abilities essential to movement.
Motor development studies the factors that influence the development of abilities essential to movement.
The physical development and strengthening of a child's bones, muscles, and capacity to move about and feel his or her environment is known as motor development. There are two types of motor development in children: fine motor and gross motor.
Children's overall development is impacted by their motor skills. By promoting self-confidence, hand-eye coordination, balance, and a sense of one's own abilities, it is an essential way for kids to learn and develop physically and cognitively.
The improvement in a child's capacity to use their bodies and physical skills is referred to as motor development, which is a component of physical development. Gross motor development and fine motor development are two categories of motor development.
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Apple developed itunes as a complement to drive ipod sales. which aspect of differentiation strategy does this move represent?
Apple developed iTunes as a complement to drive sales of the iPod. Aspects of differentiation strategy represented by this movement as a value driver.
Differentiation strategy is an effort or action taken by the company to create a meaningful difference in the product, service or service so that it is able to generate customer value and create a distinctive and meaningful perception. Through differentiation, companies can provide a more unique difference than competitors, so that with that difference consumers have a higher value. Differentiation is a strategy that can maintain customer loyalty whereby using a differentiation strategy, customers get more value compared to other products.
Terms of Differentiation
Creating excellent value. A differentiation must be able to create excellent value to customers so that these differences have meaning in the eyes of customers.Competitive advantage. Company differentiation must be an advantage over competitors. A differentiation will be solid if it reflects differences with competitors and these differences reflect the advantages of the company's offerings.Has uniqueness. In order for differentiation to be strong and sustainable, it must have uniqueness so that it is not easy to be imitated by competitors. In order not to be easily imitated, differentiation must be composed of a set of interrelated activity systems where these activities support each other constructively.You can learn more about Differentiation strategy here brainly.com/question/28289666
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Considering the number of vehicles bought as business cars, how much profit did the model that benefited the most by targeting this market make?
The profit the business model that benefited the most by targeting this market make is £35,126.
A business is defined as an experienced organization or entity engaged in commercial, industrial, or professional activities. A business can be a for-profit or a non-profit organization. Business types range from limited liability companies to sole proprietorships, corporations, and partnerships.
Model code G02F F326 E323 S365 G636
Production cost = v £16,000 £14,390 £11,654 £17,265 £11,314
Retail price = s £22,000 £20,968 £16,745 £24,547 £15,265
Sales volume in millions (business) = n 4.79 5.34 4.32 2.21 3.33
Profit = n*(s - v) £28,740 £35,127 £21,993 £16,093 £13,157
So,
Option-2 = £35,126.
Disclaimer:- your question is incomplete, please see below for the complete question.
Considering the number of vehicles bought as business cars, how much profit did the model that benefitted the most by targeting this market make?
1)20513 million
2)35126 million
3)50684 million
4)65236 million
5)80457 million
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A specific ability that distinguishes a business from its competitors, giving it an advantage in its market, is known as what?
When a company has a specific ability that distinguishes a business from its competitors, giving it an advantage in its market, this is known as a Core competency.
What is a core competency?This refers to a company's special ability that allows it to be distinguished from other businesses in the industry and therefore gives it an advantage over competitors.
It is from the core competency that a company has that will allow it to come up with a competitive advantage.
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An increase in a good's price reduces the total amount consumers spend on the good if the ________ elasticity of demand is ________ than one.
Measuring the costs and benefits of a mutualism in terms of energy spent and/or gained:_________
Measuring the costs and benefits of a mutualism in terms of energy, it is gained in both individuals.
What is Mutualism?
Mutualism is described as the ecological interaction where two or more species are benefited from the interaction.
This is a very common type of environmental interactions. some of the examples of the same are as follows
Mutualistic interactions of mycorrizhae and most vascular plants.
Flowering plants being pollinated by insects like bees for nectar.
The consumer resource interactions and functional responses of mutualisms provide new insights into the study of density dependent population dynamics.
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inclusion of mushroom in the food of Nepalese people can fulfill the nutrients requirement .justify the statement
Yes, the inclusion of mushrooms in the food of Nepalese people can fulfill the nutrient requirement.
The maximum amount of nutrients in 100 g of dry matter of the studied mushroom species is 90% moisture, 15% fiber and ash, 8% carbohydrates, 12% amino acids, 32% protein, and 2.5% fat.
These mushrooms contain large amounts of minerals such as sodium, potassium, calcium, iron, and phosphorus. It can also reduce your risk of developing serious health conditions such as Alzheimer's, heart disease, cancer, and diabetes. It's also a great source of information about Selenium.
Mushrooms have antibacterial properties, strengthen the immune system and lower cholesterol levels. They are also an important source of bioactive compounds. Because of these properties, some mushroom extracts have been used to promote human health and have been found as dietary supplements.
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The first mall in mumbai, india was successful. Builders proceeded to construct three more right away. However, they have more than 50% vacancies because they lack customers. The builders failed to properly account for which challenge of operating in developing countries?.
Development fails to properly explain which of the challenges operating in developing countries is the lack of wealth of potential consumers.
Industry is the business of processing raw goods, semi-finished goods into goods that have added value. The purpose of industrial activity is to make a profit for the producer. Finished goods are industrial goods that are ready to be used as a means of production.
There are three types of industries as follows:
Extractive IndustryNon-extractive IndustryNon-extractive IndustryThe industrial development objectives are as follows:Utilizing natural resources, or the results of cultivation owned by a country.
Improving people's welfareIncrease the country's economic growth for the better.Encourage the development of existing technology.Increase the role of the community in industrial development.Open and expand job opportunitiesIncrease foreign exchange through exportsYou can learn more about Industry here brainly.com/question/7721379
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Penny buys 3 bouquets of flowers for $3 each and 4 bouquets for $2 each. which expression gives the total cost of the bouquets that penny buys? a. 33 42 b. 33 24 c. 33 4 × 2 d. 32 4 × 2
The correct answer is 3³+ 4×2
Lets, calculate the total cost of the boquets of flowers that penny buys,
Penny buys 3 boquets of flowers, for 3$ each so, the total cost is given by,
3×3 = 33$
Penny buys 4boquets of 2$ each.
So, the total cost of the boquets of the flowers that worth 2$ each is given by,
(4×2 )
So, the total costs of the boquets of flowers that penny buys is given by,
3³+42.
Total cost is defined as the total expense by the individual or a company added to the variable costs occur. Total cost help the businesses to calculate their profits and loss and maintain their sales data.
The terms fixed costs, total fixed costs, and variable costs have a similar sound, there are important distinctions among the three. The primary difference is that whereas variable costs and total fixed costs are heavily over dependent on the quantity of goods or services a company produces, fixed costs do not take that quantity into account.
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When an individual transfers property to another taxpayer during their life, without receiving or expecting to receive value in return, the property transferred is a(n):_______
When an individual transfers property to another taxpayer during their life, without receiving or expecting to receive value in return, the property transferred is a(n) gift.
Gift:
A gift or a present is something offered to someone without expecting anything in return. It is not a gift if the person receiving it already owns the thing. Although reciprocity may be expected in gift-giving, a present is intended to be gratuitous.
What is Taxpayer?
A taxpayer is a person or entity who is required to pay taxes. Modern taxpayers may have an identification number, which is a reference number issued by the government to individuals or businesses. The phrase "taxpayer" often refers to someone who pays taxes. A taxpayer is an individual or company who is required to pay municipal or government taxes agencies.
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If attendance increases to 1,600 for the giveaway game, what is the total revenue for ticket sales?
The total revenue for ticket sales is $11,200.
Revenue = no. of tickets sold * price per ticket
Price per ticket = $7.0
If tickets sold increases to 1600 the revenue = 1600*7 = $11,200
Revenue is the whole quantity of profits generated by using the sale of products and services related to the number one operations of the commercial enterprise. commercial revenue may also be known as sales or as turnover. some groups obtain revenue from interest, royalties, or different prices.
Revenue is the cash generated from normal business operations, calculated because the common sales rate times the number of units bought. it's far the pinnacle line (or gross profits) discern from which prices are subtracted to determine internet profits. sales is also known as income at the earnings announcement.
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An import tariff on food will cause the world relative demand for cloth to ________ and the world relative supply for cloth to ________.
An import tariff on food will cause the world relative demand for cloth to decrease and the world relative supply for cloth to increase.
What is meant by import tariff ?
As a result of increased competition and an increase in the quantity of items available to home consumers, international trade enables domestic businesses to export their commodities. Despite the fact that all of these consequences appear positive, it has been asserted that free trade is not advantageous to all parties.
A tariff is essentially a tax. It is one of several trade policies that a nation can implement, but it raises the price that importers' customers pay. The customs office of the nation imposing the tariff is where tariffs are paid.
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