Standards that represent levels of operation that can be attained with reasonable effort are called.
Answer:
normal standards
Standards that represent levels of operation that can be attained with reasonable effort; sometimes called normal standards.
The financial statements of the darlington company report net sales of $500,000 and accounts receivable of $40,000 and $20,000 at the beginning of the year and end of year, respectively. What is the accounts receivable turnover for darlington?.
The accounts receivable turnover, based on the financial statements for Darlington Company is 16.7x.
What is accounts receivable turnover?The accounts receivable turnover is the ratio of average accounts receivable for a period and the net credit sales.
The ratio shows the efficiency of collecting cash from credit customers.
Data and Calculations:Net sales = $500,000
Accounts receivable:
Ending balance = $40,000
Beginning balance = $20,000
Average Accounts Receivable = $30,000 ($40,000 + $20,000)/2
Accounts receivable turnover = Net Sales/Average Accounts Receivable
= 16.7 ($500,000/$30,000)
Thus, the accounts receivable turnover for Darlington Company is 16.7x.
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You borrow money on a self liquidating installment loan (equal payments at the end of each year, each payment is part principal part interest)
Loan amount $989,000
Interest Rate 11. 7%
Life 48 years
Date of Loan January 1, 2021
1. What is the annual payment (round to the nearest $)?
2. What are the total interest payments (round to the nearest $)?
3. After 28 payments have been made, what percentage of the total interest has been paid (round to the nearest percentage point)?
4. After 28 payments have been made, what percentage of the total principal has been paid (round to the nearest percentage point)
5. What is the annual payment (round to the nearest $)?
6. What are the total interest payments (round to the nearest $)?
After 28 payments have been made, what percentage of the total interest has been paid (round to the nearest percentage point)?
8. After 28 payments have been made, what percentage of the total principal has been paid (round to the nearest percentage point)?
The percentage of total interest paid after 28 payments is 69%, and the percentage of total principal paid after 28 payments is 10%.
Calculations of a Loan Annual Payment and Total Interest PaymentsNote: Only questions 1 to 4 are relevant as questions 6 to8 are just repetitions of questions 1 to 4 respectively.
Also Note: See the attached photo for the loan amortization schedule for the self-liquidating installment loan.
From the attached photo, we can answer the questions as follows:
1. Annual payment = $116,287
2. Total interest payments = Total of interest = $4,592,780
3. Percentage of total interest paid after 28 payments = Cumulative interest payment at Year 28 / Total interest payments = $3,152,232 / $4,592,780 = 0.69, or 69%
4. Percentage of total principal paid after 28 payments = Cumulative annual principal at Year 28 / Total principal payments = $103,806 / $989,000 = 0.10, or 10%
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what are the branches of business studies
Answer:
Essential branches of business are : Accounting. Finance. Business Administration and Management. Marketing. International Business. Business Communications. Real Estate. Human Resources Management.
Explanation:
Business Studies is a vast field comprising over two dozen branches. Business studies may be considered a single branch, but it comprises many aspects.
Business studies has its roots spread over business, management, and economics. Various branches like accountancy, finance, marketing, organizational studies, human resource management, and operations are the pillars of business studies. The academic perception of business studies is business teaching. It is prevalent in countries like South Korea, Canada, Hong Kong, etc.
Majors are available in many subjects. Under the wide spectrum of business studies, majors are common in human resources, economics, finance, etc.
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When comparing the direct write-off method and the allowance method of accounting for uncollectible accounts, the entry to reinstate a previously written off accounts under the allowance method would include:
The entry to reinstate a previously written off accounts would include: debiting accounts receivable; crediting to Bad Debt Expense .
What is account receivable?Account receivable can be defined as the money a company is expected to receive from their client for the service they rendered to the client .
The appropriate journal entry to reinstate a previously written off accounts is
Debit Accounts receivable
Credit Bad Debt Expense
Therefore the entry to reinstate a previously written off accounts would include: debiting accounts receivable; crediting to Bad Debt Expense.
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Which type of cooperative organization would attract people who needed help preparing their income tax returns?.
The service cooperative is the type of cooperative organization would attract people who needed help preparing their income tax returns.
What is a service cooporative?This is a coorperative or a consumer organization that are engaged in the fulfilling of needs that exists in a society.
Finance , utility and housing coorperaives are examples of this type of cooperative.
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If the supplier perceives a buyer-supplier relationship is in the desirable region on the purchaser-supplier satisfaction matrix, but there are problems, the supplier is most likely to:
If the supplier perceives a buyer-supplier relationship,but there are problems, the supplier is most likely to: share information to find a mutual solution.
What is a buyer supplier relationship?This is a relationship that exists between the organizations or the customers that buy a product and the people that are known to supply the product.
This relationship is known to be good because it allows for feedback between the parties.
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Socket Electronics creates a new, high-end laptop. It researches the highest possible price consumers would be willing to pay for the computer due to its premium graphics and top-of-the-line performance. The company decides to list it at $4,000. The pricing strategy Socket Electronics is using is
The pricing strategy Socket Electronics is using is premium pricing.
What is a pricing strategy?A pricing strategy is a model of establishing the best price for a product or service so that the company can:
Maximize profits and shareholder valueSatisfy consumer and market demand.Premium pricing is one of the pricing strategies that a company can adopt, including
Price skimmingDynamic pricingEconomy pricingBundle pricingValue-based pricingMarket penetration pricing.Thus, the pricing strategy Socket Electronics is using is premium pricing.
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A market that has no barriers to entry and many small firms selling products that are slightly different from one another is best described as:
If the market has small firms selling products that are slightly different from one another this is called: monopolistic competition.
What is monopolistic competition?
Monopolistic competition can be defined as a form of competitive market which has different manufacturers selling products or goods and service that are not similar or that are a little bit different from each other.
In this type of market many producers can sell their products reason being that their is no any form of limitation or barriers to entry the market.
Inconclusion if the market that has no barriers to entry and many small firms selling products this is called:monopolistic competition.
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In a marketing communications mix, ________ refers to any short-term incentive that encourages the purchase or sale of a product or service.
Answer:
Sales Promotion
Explanation:
Source: Trust me bro
In Free to Choose, Milton Friedman makes the case that capitalism, i.e. free markets combined with governments that follow The Do Nothing Policy produce prosperity and freedom. In lecture, production possibilities frontiers were used to show the mechanism by which capitalism produces wealth, i.e. specialization according to comparative advantage and exchange.
The history of the 20th century is replete with examples of countries that have followed just such a policy of free market capitalism and experienced large increases in total and per capita wealth plus created stable peaceful political societies characterized by respect for individual rights and maximizing personal freedom, e.g. Japan, Taiwan, Korea, Singapore, and, until the communist Chinese takeover, Hong Kong. In the 20th century, countries that were already prosperous and free that continued choosing capitalist systems became more prosperous, e.g. the United States, Western Europe, Canada, and Australia.
A key feature of free markets is a level playing field where the rules apply to everyone whether they are rich, poor, powerful, or connected. The level playing field is sometimes referred to as the Rule of Law (ROL).
The ROL according to the Oxford English Dictionary is "The authority and influence of law in society, esp. when viewed as a constraint on individual and institutional behaviour; (hence) the principle whereby all members of a society (including those in government) are considered equally subject to publicly disclosed legal codes and processes."
The ROL can break down in two ways. First, rulers and their entourage can be held above and not be subject to the law or, second, immunity from the law can be bought. In either case, the ROL does not exist or, alternatively, that society has a corruption problem.
A conundrum of the “capitalism produces prosperity and freedom” policy are countries that have capitalist economies but haven’t produced much prosperity and are frequently but not exclusively characterized by bouts of politically based violence and oppressive abusive dictatorships, e.g. most middle eastern countries, most of South and Central America, Mexico, India, Russia, and until the last 20 years communist China.
In The Mystery of Capital, Hernando DeSoto addresses this conundrum and points out that adopting capitalism is required but not sufficient to produce U.S. and western European levels of prosperity and freedom. DeSoto argues that adopting capitalism isn’t enough. Countries have to choose a capitalist economic system, have ROL, plus do something else.
According to Hernando DeSoto, why are many 3rd world countries not getting rich even though they have ostensibly capitalist free market economies?
What is the something else these countries are missing?
Read Chapter 7, "Deng Perfects Socialism" and Chapter 5 'The Shanghai Gang" in The Party by Richard MacGregor.
In what sense and to what degree does Communist China meet DeSoto's requirement for a capitalist economy that will use free markets to create and equitably distribute wealth.
Does Communist China have a capitalist free market economic system where there is ROL and no corruption?
Explain with examples from The Party.
Requirements:
Your submission should be no less than 1000 words. Short papers will be penalized. There is no maximum length.
Proper grammar and effective use of English counts.
1. According to DeSoto, 3rd world countries like South America, which have capitalist economies but are not getting rich due to political crises and dictatorships.
2. The author also argues that more efforts is needed than just adopting the capitalist regime, it is essential to develop the system through strategic actions that guarantee ROL, and economic growth measures.
3. China has a Communist party with capitalist characteristics, for example, with the opening of the Chinese market, which constituted a great and rapid development in the productive and industrial system of the country.
What is the capitalist system?It is an economic system whose focus is an accumulation of wealth and profitability through private property and the means of production. It is based on the free market with less state intervention.
Therefore, the author argues in favor of capitalism and its positive characteristics for the economy, politics and society as a whole.
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the first person that answers ill give u 50 brainlist points, brainlist to, stars, and a heart
Trends among category killers such as Staples for office supplies and Best Buy for electronics include price matching and ________ to compete with online retailers.
Price matching and Shipping directly are trends office supplies and Best Buy offers, which can compete with ratailers online who sells similar products.
What is marketing?Marketing refers to the process of getting people interested in a company's product or service. It is a process a company undertakes to promote the buying or selling of a product or service.
The essence is to create awareness of the product to potential buyers so that they can purchase the products.
Hence, trends among category killers such as Staples for office supplies and Best Buy for electronics include price matching and Shipping directly from any store rather than just warehouses
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What is the missing amount in this physical flow of units? Work in process, August 1 9,000 tons Units started in August ? Units completed during August 19,000 Work in process, August 31 2,000 tons Group of answer choices 12,000 tons 10,000 tons 30,000 tons 8,000 tons None of these answers is correct.
Based on the beginning and ending Work in Process and the units completed, the Units started in August must be 12,000 tons.
What amount of units were started in August?This can be found by the formula:
= Units completed during August + Work in process Agust 31 - Work in process August 1
Solving gives:
= 19,000 + 2,000 - 9,000
= 21,000 - 9,000
= 12,000 tons
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When the government runs a budget deficit, we would expect to see that:.
Answer:
We will expect to see the government spending more of the money than it is bring to the table/bringing in the money, and in this situation the national savings will be decreasing, and when they do lower, the investments/primary stores will also be decreasing. And if this happen the lowering investments leads to lower long-term economic growth.
Explanation
What year does apple aim to achieve net zero carbon impact?.
Answer:
Apple aims to achieve a zero-carbon footprint by 2030
Explanation:
what's the date today???
Answer:
April 18th, 2022? (Is that what you mean???)
Explanation:
I hope this helps! :)
Carrie made an initial investment of $50,000.the final value of her investment was $55,500.what was the roi?
Answer:
sorry i am not good with this subject i want to help but i cant sorry
Explanation:
resources are what in quantity
resource may be defined as base quantity .
How does your new budget help you to meet your long-term goal of saving for college?
Answer:
You may reach your long-term goals quicker by putting your cash into a savings account or certificate of deposit with a high interest rate, or by investing, especially if you don’t plan to use this money for at least five years — say you’re starting a college fund for your newborn. That way you’ll allow time to build up a positive return.
Explanation:
How many 90-day Eurodollar futures contracts should a bank purchase to hedge the roll-over of year, $5 million loan if loan rates and Eurodollar rates have the same volatility
The number of 90-day Eurodollar Futures Contracts that the bank should purchase to roll-over if the rates have the same volatility is 20 contracts.
How many Eurodollar futures contracts should the bank purchase?This can be found by the formula:
= (Loan amount x Period per year of loan ) / (Face value of futures contract x Period per year of futures contracts) x 1 because volatility is same
Solving gives:
= (5 million x 1) / (1 million x 3 / 12 months) x 1
= 5 million / 250,000 x 1
= 20 contracts
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The _____ environment includes the people and groups with whom an organization interacts.
The general environment includes the people and groups with whom an organization.
What do you understand about the environment?The environment can be defined as a total of all the living and non-living elements and their effects that influence human life. While all living or biotic elements are animals, plants, forests, fisheries, and birds, non-living or abiotic elements include water, land, sunlight, rocks, and air.
The functions of an Environment are: (1) Supplies resources: The environment offers resources for production, It includes both renewable and non-renewable resources. Examples: Wood for furniture, soil, land, etc. (2) Sustains life: The environment includes the sun, soil, water, and air, which are essential for human life, It sustains life by providing genetics and biodiversity. (3) Assimilates waste: Production and consumption activities generate waste, This occurs mostly in the form of garbage. The environment helps in getting rid of garbage.
(4) Enhances the quality of life: The environment enhances the quality of life, Human beings enjoy the beauty of nature which includes rivers, mountains, deserts, etc. These add to the quality of life.
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Marketing is the activities, sets of institutions, and processes that add blank______ for customers.
Marketing is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers.
What is marketing?Marketing can be defined as the process of creating product awareness about a product so as to attract potentials customers.
Marketing is important as it help to increase sales which is why most companies tend to often employee a marketing manager that will help in markerting the company products.
Inconclusion Marketing is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings.
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Harassment is to torment or bother continually?
Answer:
The answer is True
Explanation:
Harrasment is when you bother someone nonstop on something they dont like or something mean.
-Justin
The type of software that has qualities of both hardware and software is.
Answer:
Firmware shares qualities of both hardware and software in that it is software that hasbeen permanently embedded in hardware and typically cannot be copied or changed or evenreplaced.
A company budgets sales of $800,000 for June. The company pays a sales manager a monthly salary of $4,000 and a commission of 8% of that months sales. Total selling expenses for the month of June equal: Multiple Choice $68,000. $64,000. $76,000. $60,000. $44,000.
A company budgets sales of $800,000 for June, then the total selling expenses for the month of June equal 68,000.
What is selling expenses?
The costs of marketing, administering, and selling a commodity are known as selling expenses.
They are one of three types of operating expenses that a company incurs. Administration and general expenses are the other type of expenses.
Computation of Total Selling Expenses:
According to the given information,
Sales for June = $800,000
Commission on sales = 8%
Salary payable to Sales manager = $4,000
Then the amount of commission on sales is:
[tex]\text{Commission}= \text{Sales} \times \text{Commission Rate}\\\\\text{Commission}= $800,000 \times \dfrac{8}{100}\\\\\text{Commission}= \$64,000[/tex]
Therefore, total selling expenses for the month of June are:
[tex]\text{Total Selling Expenses} =\text{Commission + Salary Payable}\\\\\text{Total Selling Expenses}= \$64,000+\$4, 000\\\\\text{Total Selling Expenses}= \$68,000[/tex]
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Which Information Systems (IS) career oversees integrating different technologies and systems within an organization
The Information Systems (IS) career that oversees integrating different technologies and systems within an organization is that of an IS manager
Who is a Manager?This is a person who is in charge of others in an organization and helps to integrate different aspects of work with the appropriate workers.
Hence. we can see that the Information Systems Manager is the person who is in charge of overseeing and integrating different technologies and systems within an organization
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Which three sources supply the majority of commercial energy in the world today?.
Answer:
Coal, oil, and natural gas
Explanation:
A sound accounting framework allows for all of the following benefits except: Review Later Identical items being reported on the financial statements of different companies Increased reliability and relevance of financial statements Uniform comparisons between companies Consistency in financial reporting across industries
A sound accounting framework doesn't allows Identical items to be reported on the financial statements of different companies.
What is accounting framework?An accounting framework serves as a published set of criteria that help in measuring , recognizing the information appearing in an entity's financial statements.
Conclusively, accounting framework doesn't support Identical items to be reported on financial statements of different companies.
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Which scenario is not a violation of your rights as a debtor?
A. A debt collector calls you every hour between 8 a.m. and 3 p.m.
B. A debt collector contacts you at work at 3 p.m.
O C. A debt collector calls you at home at 10 p.m.
D. A debt collector calls you at home at 5:30 a.m.
A scenario that does not describe your rights being violated as a debtor is A. A debt collector calls you every hour between 8 a.m. and 3 p.m.
What are debt collectors allowed to do?Debt collectors are allowed to call you during the daytime from 8 am to 3 pm.
They cannot however call you before 8 am or after 9 pm without your consent as these would be very inconvienient hours. Also, they can't call you at work.
In conclusion, option A is correct.
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