Inventory and property, plant, and equipment are shown as an expense on the income statement and on the balance sheet, respectively.
What is a balance sheet?
A balance sheet is a financial statement that lists an organization's assets, liabilities, and shareholder equity. One of the three important financial statements a company's evaluation will focus on is the balance sheet.
The income statement and balance sheet both directly and indirectly refer to the expenses. You can better understand how an expense is reflected overall by often reading a company's income statement and balance sheet.
As a result, option (b) is correct.
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a good marketer can identify potential opportunities by paying close attention to environmental ________; it is important to continuously monitor the business environment in which a company operates.
Paying close attention to environmental factors leads to potential opportunities for a good marketer. Such factors include market competition, consumer demand, etc.
What are the factors affecting marketer success?
The followings are factors affecting marketer success:
Economic EnvironmentMarket CompetitionLegal EnvironmentDemographic FactorsThus, there are many other factors that good marketers need to focus on so that they can identify potential opportunities.
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A good marketer can identify potential opportunities by paying close attention to environmental factors it is important to continuously monitor the business environment in which a company operates.
What is business environment?Business Environment can be referred to as the collection of all internal as well as external factors that can affect the business.
These factors could be:
employees customers needs expectations supply and demandRead more on business environment here:
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7. If the variable cost per unit increases by $1, spending on advertising increases by $1,150, and unit sales increase by 130 units, what would be the net operating income
The question is incomplete and hence the correct question is shown below
Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units):
Sales: $20,000
Variable expenses: $12,000
Contribution margin: $8,000
Fixed expenses: $6,000
Net operating income: $2,000
If the variable cost per unit increases by $1, spending on advertising increases by $1,150, and unit sales increase by 130 units, what would be the net operating income?
The net operating income is $860
Given the values for sales , variable expenses , contribution margin , fixed expenses and the net operating income
We know that
Sales: ((1150+130)=1180 units) * ($20,000/10)=$20) = $23,600
Variable Expenses: 1180 units * ($12,000/1000)+1) = $13) = $15,340
Contribution Margin (Sales - Variable Expenses): $8,260
Fixed Expense (Variable Expense - Contribution Margin): $7,400
Net Operating Income (Contribution Margin - Fixed Expense): $860
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norma inc. uses the perpetual inventory system. when the company records a sale, it should make entries to:
The fact that Norma Inc. uses a perpetual inventory system means that when a sale is recorded, the company should:
b. decrease an asset and increase an expense.c. increase an asset and increase revenue.What happens when a sale is made?The revenue account should be increased because a sale brings money into the business. Cash or Account Receivables should also increase depending on is the sale was a cash or credit sale.
Cost of goods sold would increase as well and it is an expense. The asset of inventory would decrease to show that there is less inventory on account of the sale.
Options for this question are:
a. decrease an asset and decrease revenue
b. decrease an asset and increase an expense
c. increase an asset and increase revenue
d. increase an asset and decrease an expense
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Suppose an economy is at its steady-state equilibrium and there is a permanent reduction in the saving rate of the economy. In this case, as the economy approaches its new steady state, capital per worker will _____ and output per worker will _____.
In this case, as the economy approaches its new steady-state, capital per worker will increase and output per worker will decrease. This condition is true according to the Solow Growth Model.
What is the Solow Growth Model?The Solow Growth Model references Long-Run Economic Growth in relation to Savings and Investment.
According to this model, an increase in savings translates to positive economic indicators such as reduced employment and increment in national income.
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Any model is based on making assumptions because
Generally, the economic model is based on making assumptions because of an inability to analyze economic issue unless the complexity is reduced and the models have to be simplified to make it useful.
What is an economic model?This refers to a simplified description of reality that is designed to yield hypotheses about economic behavior that can be tested.
However, this economic model is based on making assumptions because of an inability to analyze economic issue unless the complexity is reduced and the models have to be simplified to make it useful.
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Tammie was communicating to her employees the proper way to handle abuse in the workplace. one individual kept interjecting comments while tammie was speaking. this behavior is known as ______ and can be a serious barrier to effective communication.
The behavior of Tammie when he was talking to employees and one individual kept interjecting comments is known as interruption and can be a serious barrier to effective communication.
What is an effective communication?An effective communication is one whereby the speaker as well as the audience is able to communicate the message in an effective way.
It involves the audience to be able to receive the message the is been pass across without any barrier between the speaker and the audience.
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2. Which type of customer do business marketers NOT serve
The business marketers do not serve consumers who purchase products and services for their end-use.
Who are business marketers?These are entities that sell products/services to other companies that resell or uses them to support their works.
Hence, these business marketers do not serve consumers who purchase products and services for their end-use but they serve other business organizations.
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The marketing concept that states that a business must find out what consumers want and provide it for them is called the:
The marketing concept that states that a business must find out what consumers want and provide it for them is called the customer orientation.
What is Customer orientation?Customer orientation can be regarded as the business approach which involves giving attention to customer first by the company.
It focus on helping customers meet their goals and find out what consumers want and provide it.
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what type of transaction is recorded when a customer pays via a payment link?
The type of transaction that is recorded when a customer pays via a payment link is:
Sales ReceiptWhat is a Sales Receipt?A sales receipt is a confirmation of payment. After a given amount is deposited for a good or service, the system automatically generates a confirmation of the transaction. This is called a sales receipt.
The sales receipt can be screenshot as proof of payment.
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Jasmine's General Store advertises cans of X-brand tomatoes for $.33 per can, although she does not have any in stock. When customers arrive to buy the tomatoes, Jasmine tells them that her stock of tomatoes has been sold and that she cannot get more at the lower price. She tells customers she has Y-brand tomatoes in stock for $.55 per can and that the Y-brand tomatoes are far superior to the X-brand. Jasmine is:
In this scenario, where the store advertises cans of X-brand tomatoes but sells Y-brand tomatoes instead at a higher price, Jasmine is a. engaging in bait-and-switch advertising.
What is bait-and-switch advertising?Bait-and-switch advertising is a sales fraud that involves luring customers in with false claims about product quality and price when it is not available.
During the process, the customer is usually offered another product that may have a higher price than the one originally advertised.
Question Completion with Answer Options:a. engaging in bait-and-switch advertising.
b. violating regulation Z.
c. employing good business tactics.
d. engaging in counter-advertising.
Thus, Jasmine is a. engaging in bait-and-switch advertising.
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_______________ is the value of the best alternative given up when a choice is made.
Answer:
Opportunity costs
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when making deferral adjustments to record the amount used during the period for items such as prepaid insurance or supplies, the debit will a(n) ___________ account. (enter one word per blank.)
When making deferral adjustments to record the amount used during the period for items such as prepaid insurance or supplies, the debit will be an Expense account.
What are deferral adjustments?Deferral adjustments are accounting entries that shift some portions of a deferred account into the current period.
These deferral journal entries include:
Revenue entries (recognizing current or earned revenues)Expenses entries (recognizing current or incurred expenses against prepayments).Thus, when making deferral adjustments to record the amount used during the period for items such as prepaid insurance or supplies, the debit will be an Expense account.
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The role of the Federal Open Market Committee is to:
Correct Option B : The role of the Federal Open Market Committee is to appoint the Federal Reserve Board of Governors.
The Open Market Committee (FOMC) is a regulator, but it is only loosely "controlled" by the laws that make it up and by the organizations to which it belongs (the Federal Reserve Board of Governors, and the 12 Federal Reserve District Banks, which are owned in turn by Private Banks).
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Answer: D. Set monetary policy for the United States.
Explanation: just did the test :) hope it helps you
Studio Films is considering the purchase of some new film equipment that costs $150,000. It has a 5 year useful life with no salvage value. The new equipment is expected to increase revenues by $115,000 annually. Annual incremental cash operating expenses are expected to be $40,000. The simple rate of return of the equipment is
The simple rate of return to Studio Films on its film equipment based on its cost will be 30%.
What is the simple rate of return?Find the annual income:
=Revenue - Expenses - Depreciation
= 115,000 - 40,000 (150,000 / 5 years)
= $45,000
The simple rate of return is:
= 45,000 / 150,000 cost
= 30%
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What is the corpus callosum?
The corpus callosum is the part of the brain that has white matter that helps in the connection of the left and the right cerebral parts of the human brain.
What is the role of the corpus callosum?The role of the Corpus Callosum is to make sure that the right side and the left side of the brain are able to connect.
By the word connect, this would mean that they are able to send messages to each other.
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Whether supplier-seller relationships in an industry represent a strong or weak source of competitive pressure is a function of a. whether the profits of suppliers are relatively high or low. b. the average number of suppliers that each seller/industry member purchases from. c. how aggressively rival industry members are trying to differentiate their products. d. whether demand for supplier products is high and they are in short supply. e. whether the prices of the items being furnished by the suppliers are rising or falling.
The supplier-seller relationships can bring about competitive pressure, which is determined by whether demand for supplier products is high or are not much available.
What are competitive pressures?competitive pressure are those pressures that are been faced by a company from their competitors in the market.
When the demand for supplier products is high, then there is a strong source of competitive pressure.
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In order to successfully carry out an acquisition, the managers at Pink Inc. prepared a list of potential target companies that it could purchase. In the next step, the managers evaluated each prospective company in depth to understand their methods of operations, processes, procedures, strengths, and limitations in order to choose the best target company. This process of evaluating the companies is best known as _________.
This process of evaluating the companies for acquisition is best known as A. Due diligence.
What is corporate acquisition?Corporate acquisition refers to the corporate act of taking over another company for business expansion and other strategic intents.
To make a successful acquisition, the acquiring company carries out due diligence by evaluating potential acquisition candidates.
Question Completion with Answer Options:A. Due diligence
B. Market intelligence
C. Consultation
D. Market evaluation
Thus, this process of evaluating the companies for acquisition is best known as A. Due diligence.
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Assume that a company buys a new machine for $220,000 that has a useful life of five years and a $20,000 salvage value. The new machine will replace an old machine that can be sold for a salvage value of $10,000. The machine will generate incremental contribution margin of $37,500 per year. The only fixed expense associated with the new machine is its annual depreciation of $40,000 per year. What is the payback period for this investment
= $ 220000 – 10000
= $ 210,000
Annual Cash inflow = Contribution margin = $ 52500Payback period = Initial cost of investment /Annual cash inflow=$210000 / 52500
= 4.0 years
Answer = 4.0 yearsHence, in four years pay back period for this investment will take place
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Describe the role of hotel management in the field of tourism. .
Answer:
The management of staff members as well as the planning, marketing, coordinating, and administration of hotel services including food and lodging amenities are within the purview of hotel managers.
Diamond Line is a distributor of everything a florist needs to create a beautiful arrangement except the flowers. It sells to 10,000 flower and gift shops and 3,000 supermarkets nationwide. Each florist is called on four times a month, and each supermarket is called on twice a month. A sales call to a florist takes one hour, and a sales call to a supermarket takes two hours of selling time. An average salesperson spends 1,000 hours per year making sales calls. Calculate the number of salespeople Diamond Line needs to cover its account base for a year.
184 salespeople are needed to cover its account base of a year.
What is a sales call?A sales call is, at its most basic, a discussion between a salesman and a potential customer regarding the acquisition of a good or service. These calls, which are typically performed in person or over the video, have a number of different components, including the rep's initial agenda-setting, the product pitch, a demo, prospect objections and the rep's responses, negotiation, and the outlining of the next steps. A sales representative should aim to end each sales contact with a verbal commitment to buy from the prospect.Solution -Florist = 10,000. Each is called 4 times a month for 1 hour.
Supermarket = 3,000. Each is called 2 times a month for 2 hours.
The average salesperson spends 1,000 hours making sales per year.
The number of salespeople needed will be calculated as follows:
Florist = [tex]4 * 4 * 10,000 = 160,000[/tex]
Supermarket = [tex]2 * 4 * 3,000 = 24,000[/tex]
Florist + supermarket / average time of salesperson
[tex]\frac{160,000+24,000}{1,000} = 184[/tex]
Therefore, 184 salespeople are needed to cover its account base of a year.
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_____ is the most common, real-world method of estimating projects. Group of answer choices Delphi Technique Time Boxing Bottom-Up Estimating Guesstimating Top-Down Estimating
Bottom-Up Estimating is the most common, real-world method of estimating projects. Option c is correct.
What is the bottom up estimating technique?This is the term that is used to refer to the estimation of work by making use of the details that are the possible least.
This method is known to be the most common method that is made use of while going through real world projects.
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Maricel’s new job with the federal government provides a comfortable and stable income. She would like to buy a new car now that she has a job; however, maricel hesitates to purchase a new car because she is concerned about how poor economic conditions may affect her position in the future. Maricel lacks _______.
Answer:
Willingness to spend
Maricel now has a new job and has a steady income flow as well. She wants to buy a new car, but is concerned abou how economic conditions may affect her position in the future. Nobody can predict the future, and she has no evidence that there will be poor economic conditions in the future, but is still concerned. This is because she lacks Willingness to Spend.
When changes occur because of stock receipts and disbursements, scrap losses, wrong parts and canceled orders, the real-time file capturing these changes is called the Multiple choice question. bill-of-material file. peg record file. inventory transactions file. inventory backlog file.
Changes in stock receipts and disbursements as well as canceled orders, are captured by the inventory transactions file.
What does the inventory transactions file do?
It is used to record entries that have to do with the inventory of a company such as stock disbursements for sale.
Other entries relating to inventory that it manages include canceled orders and stock receipts when initially purchased or transferred.
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Under what circumstances does fair use apply
Answer:
Fair use protects the usage of copywritten content under the condition that the content is criticizing or parodying said content
Explanation:
Between 1986 and 2018, the top marginal personal income tax rate was 40 percent or less compared to 70 percent or more prior to 1981. Compared to the earlier time period, in recent years the share of personal income taxes paid by high income taxpayers a. has been virtually unchanged. b. has been lower. c. has been higher. d. increased in the late 1980s, but has been falling ever since.
When compared to the earlier time period, the share of income paid as taxes by high income earners b. has been lower.
How has the percentage of income tax paid changed?Before 1981, high earners could pay as much as 70% of their earnings as taxes to the government.
Since 1986 however, high earners have not paid more than 40% of their earnings which shows that they are paying percentages on their income.
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beginning inventory plus net purchases is:
Answer:
merchandise available for sale , also known as cost of goods available for sale
Explanation:
you can use this formula to understand better :
Cost of Goods Available for sale = Opening Saleable Inventory + Finished Goods Produced during the period + Any Merchandise Acquired during the period.
Hope this helps...
Beginning inventory plus net purchases provides the available inventory for sale or also known as the cost of goods available for sale.
If the cost of goods available for sale is deducted from closing inventory then it will provide the cost of goods sold during the period.
Inventory is the current asset for a company
What is Inventory?
Inventory is the sum of products that are manufactured by an organization to be sold to consumer at a market price.
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Which of the following is a reason the government can’t completely control the business cycle
The basic reason is the government can’t control interest rates is the business cycle. Changes in interest rates should be reflected in the business cycle.
What is business cycle?
The term "business cycle" is used by economists to describe the increase and decrease in economic activity over time.
The interest rate cycle is closely related to the business, trade, and economic cycles. Theoretically, changes in interest rates should be reflected in the economic cycle. But the government can’t completely control interest rates.
Governments attempt to control business cycles through spending, tax increases or decreases, and interest rate changes. In order to stifle inflation and slow down the economy, the government will raise interest rates.
As a result, option (b) the government can't control interest rates is correct.
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Which of the following is probably the MOST difficult environmental factor for owners
and managers to forecast, influence, or integrate into business plans?
Social change is a difficult environmental factor for owners and managers to forecast, influence, or integrate into business plans.
What is social change?Social change is one the external factors that affect market.
It makes it difficult for the marketing management and staffs to make decisions and plans regarding market.
Therefore, Social change difficult environmental factor for ownersand managers to forecast, influence, or integrate into business plans.
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In maslow's hierarchy of needs, which level includes physical safety and security relating to employment?
In Maslow's hierarchy of needs second tier level includes physical safety and security relating to employment.
What is Maslow's hierarchy of needs?
Maslow's hierarchy of needs is a psychological theory proposed by Abraham Maslow where he outlined his observations of humans' innate curiosity.
Abraham Maslows hierarchy is a classification system intended to reflect the universal needs of society as its base, then proceeding to more acquired emotions.
The second tier level includes physical safety and security relating to employment.
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In the IS-LM model when government spending rises, in the short-run equilibrium, in the usual case the interest rate __________ and output ___________
In the IS-LM model when government spending rises, in the short-run equilibrium, in the usual case the interest rate rises and output rises.
What Is the IS-LM Model?The IS-LM version, which stands for "investment-savings" (IS) and "liquidity preference-cash supply" (LM) is a Keynesian macroeconomic version that suggests how the marketplace for monetary goods (IS) interacts with the loanable finances marketplace (LM) or cash marketplace.
It is represented as a graph wherein the IS and LM curves intersect to reveal the short-run equilibrium among hobby charges and output.
Your question is incomplete, but most probably your full question was:
In the IS-LM version while authorities spending rises, in short-run equilibrium, withinside the typical case, the interest rate ______ and output ______.
rises; fallsrises; risesfalls; risesfalls; fallsHence, the appropriate alternative is rises; rises.
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