Assets are listed first on the trial balance, followed by liabilities, and finally equity-related accounts. The trial balance is used to generate the financial statements.
The accounts on the trial balance should be listed in the following order: assets, liabilities, equities, dividend, income, and expenses. The most liquid asset in the category of assets is listed first, while the least liquid one is listed last. Liabilities having the earliest maturities are displayed first within the liabilities. Keep in mind that the closing balance of the ledger cards is where the totals for the Credit and Debit entries are derived. When employing T-accounts, the accounts has a Debit if the left hand side is larger. The accounts has a Credit balance if the right hand side is larger. When employing ledger card, you will compute the balance following each transactions and the balance at the end of the day. A company's assets are its possessions, and its liabilities are its debts. Both are shown on a balance sheet, which is a financial statement showing details the state of the business's finances. Equity, often known as an owner's net worth, is equal to assets less liabilities.
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which of the following provides an answer to these questions: what is our business? who are our customers? what do our customers value? what should our business be?
Option b: A mission statement provides answers about what is business, who are our customers, What do our customers value, and What should our business be.
"What is our business?" What the customer sees, thinks, believes, and wants at any given time must be accepted as objective fact by management and taken as seriously as a salesman's report, an engineer's test, or an accountant's numbers.
A customer is a person or business that purchases goods or services from another company or business. Customers are important because they drive sales. Without them, companies cannot survive.
Customer value is the satisfaction and contentment that a customer experiences when interacting with a company and experiencing its customer service.
Another way to think about customer value is the potential for a product to generate sales based on how often customers purchase the product and provide positive feedback on the user experience.
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Complete question:
Which of the following provides an answer to these questions: What is our business? Who are our customers? What do our customers value? What should our business be?
A) objectives and goals
B) a mission statement
C) a business portfolio
D) marketing and functional strategies
E) operational strategies
Fedor, Inc. has prepared the following direct materials purchases budget Budgeted DM Month June July August September October Purchases $67,000 74,000 76,900 75,700 73,600 All purchases are paid for as follows: 10% in the month of purchase, 40% in the following month, and 50% two months after purchase. Calculate total budgeted cash payments made in October for purchases OA. $37,640 OB. $45,810 O C. $76,090 O D. $68,730 Click to select your answer.
The correct response is C. $76,090. Total budgeted cash payments made in October for purchases is $76,090.
When someone pays for goods or services in cash, they give the provider cash in the form of bills or coins. It can also refer to reimbursing employees within a company for modest expenses that are too tiny to be processed through the accounts payable system, such as paying them for hours worked or compensating them for labour costs. Take the situation where someone enters a store and buys an apple with a debit card. The apple's purchase is promptly deducted from the buyer's bank account when using the debit card, making it operate just like cash. Cash will be exchanged in this deal. The only type of money that a person can maintain on their person without the assistance of a third party is coins and banknotes.
October: 73,600 x 10%= 7,360
September: 75,700 x 40%= 30,280
August: 76,900 x 50%= 38,450
Oct.+Sep.+ Aug.:
7,360+30,280+38,450= 77,490
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Mary was getting a ride home in John's new car. On the way, a malfunctioning brake caused an accident and both Mary and John were injured. Which of the following statements is true of this situation?A) Mary can recover from a strict liability lawsuit against the manufacturer of John's car.
B) Mary can file a strict liability lawsuit against John.
C) Mary can file a negligence lawsuit against the dealership that sold John his car.
D) John can file a negligence lawsuit against the dealership from which he bought the car.
Jelly demand will move to the left of the supply curve (decrease). You would purchase less peanut butter if the price rose.
Manufacturers of peanut butter won't be able to produce as much at different price points as they once could as a result. Since the supply curve will shift to the left as a result, the equilibrium price and quantity will increase. Demand for jelly will also be affected. Remember that peanut butter and jelly pair well. We consume less jelly because we consume less peanut butter, even if jelly is still the same price. The popularity of Jelly is ebbing (jelly demand curve shifts inward). As consumer income rises, demand for a product increases, especially when the products are commonplace. The demand for "normal" goods increases along with consumer income.
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in economics, the term _____ describes spending that pays for the production and accumulation of capital goods.
in economics, the term investment describes spending that pays for the production and accumulation of capital goods.
By investment, economists mean the production of goods that will be used to produce other goods. This definition differs from the popular usage, wherein decisions to purchase stocks (see stock market) or bonds are thought of as investment. Investment is usually the result of forgoing consumption.An investment is an asset or item acquired with the goal of generating income or appreciation. Appreciation refers to an increase in the value of an asset over time. When an individual purchases a good as an investment, the intent is not to consume the good but rather to use it in the future to create wealth.Net investment is the total amount invested by the company which it spends on its capital assets, less expenditure cost for depreciation on the assets during an accounting period.
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When ______ conditions prevail, many sellers and buyers are present in the market. Said sellers, or marketers, price at higher, lower, and in-between levels. The ability of any single organization to raise prices usually depends on how much actual or perceived differentiation that specific marketer's brand has achieved.
Answer: When __MONOPOLISTIC____ conditions prevail, many sellers and buyers are present in the market. Said sellers, or marketers, price at higher, lower, and in-between levels. The ability of any single organization to raise prices usually depends on how much actual or perceived differentiation that specific marketer's brand has achieved.
Materials and work products submitted by Government, industry, and DoD civilians, contractors, and military members are subject to review by the Defense Office of Prepublication and Security Review (DOPSR) for public and controlled release. T/F
True : Materials and work products submitted by Government, industry, and DoD civilians, contractors, and military members are subject to review by the Defense Office of Prepublication and Security Review (DOPSR) for public and controlled release.
What is the purpose of DOPSR?The prepublication security and policy review's goal is to prevent unintentional disclosure of material that might harm national security.
The first operational division of the newly created Office of the Secretary of Defense (OSD) was founded in 1949 as the Defense Office of Prepublication and Security Review (DOPSR).
The Department of Defense Security Review program is overseen by the Defense Office of Prepublication and Security Review, which evaluates written documents for both controlled and public distribution. This covers the required pre-release examination of official work products from the government and the military sector as well as materials (such books and articles) provided by cleared or formerly cleared people in accordance with the terms of their voluntary non-disclosure agreements. To make sure that the material being provided is correct and accurately reflects the Department's official stance, DOPSR also organizes official work products with Defense business stakeholders.
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Identify the missing words in the following sentence. Utility is the [?] offered by a product or service to meet a particular need.answer choicesassurancepromisefunctionalityoutcome
Utility is the functionality offered by a product or service to meet a particular need.
Option C is correct.
In economics, what is utility theory?Utility theory is a theory in economics that tries to explain how individual consumers behave in an economy. According to utility theory, a list of options can be ranked precisely by preference by each individual. The choices that each person makes are predetermined and do not change over time.
What Is a Function of Utility?In economics, utility is the pleasure or satisfaction that consumers get from using a product or service. Consumer preferences for a set of goods and services are measured by utility function.
In economics, why is utility important?In economics, utility is the degree to which a person is satisfied after purchasing and using a good or service. The term "utility" is used to describe how consumers evaluate a product's perceived usefulness before making a purchase.
Question is incomplete:
Identify the missing word(s) in the following sentence. Utility is the [?] offered by a product or service to meet a particular need.
a) Assurance
b) Promise
c) Functionality
d) Outcome
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which of the following assumptions do the market structures of monopolistic competition and perfect competition share? O a. many buyers and sellers O b. homogeneous products c. difficult entry into the market O d. difficult exit from the market here to search
Monopolistic competition develops when numerous companies offer price-competitive, inferior replacements for one another's goods or services.
Is being competitive a good thing?
As long as competing with someone else doesn't affect your emotions, it's acceptable. If you compete with your friends, students, or teammates, you might run farther, pick up your motivation, study more, and work harder to achieve your goals. Competition in a healthy way is conceivable. Our hypothesis states that individuals who are motivated by competition are motivated for at least three reasons: competition satisfies their desire to succeed, it provides them with a reason or an opportunity to improve their performance, and it motivates them to put forth more effort that may result in success.
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jake, a customer, buys a new car from trumotors inc., with features that will be added by a third-party vendor. sean, the salesperson, coordinates the efforts of the vendor with trumotors inc. in this scenario, sean, as a salesperson, is playing the role of a(n) .
In this scenario, Sean, the salesperson, is playing the role of a facilitator.
A facilitator is a person who helps a group of people to work together effectively by making communication and decision-making easier.
In this case, Sean is coordinating the efforts of the third-party vendor with Trumotors Inc. to ensure that the customer, Jake, receives the car with the added features that he requested.
In conclusion, the role of a facilitator is important in any business transaction as it ensures that the customer's needs are met and that all parties involved are working together effectively to achieve a common goal.
A good facilitator can help to smooth out any potential issues that may arise during the process, making the transaction more efficient and less stressful for all parties involved.
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Criticisms of the objectives-oriented approach for accounting standards are (Select all that apply.)professional judgment may result in different treatments of similar transactionsa lack of disclosure notes explaining accounting policiesthe rules can be easily applied uniformlyan absence of rules may lead to intentional misuse of a standard
The answers about goal orientation are option 1) professional judgment may result in different treatments of similar transactions and option 3) an absence of rules may lead to intentional misuse of a standard.
An individual's "disposition towards growing or recognizing one's skill in achievement contexts" is known as goal orientation, also known as achievement orientation. According to whether one's objective is to grow one's ability or to demonstrate one's skill, respectively, one can say that a person is either mastery-oriented or performance-oriented. A learning orientation is another name for a mastery orientation. The concept of goal orientation describes how someone interprets and responds to tasks, leading to various patterns of cognition, affect, and behavior. The orientation goal theory, which was developed within a social-cognitive framework, contends that it is possible to comprehend students' motivation and achievement-related actions by taking into account the motivations or purposes they adopt when working on academic tasks.
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Fraud risk ______.(Select all that apply)must be considered on each audit engagementis the risk of material error by management when issuing financial statementsis not specifically mentioned in the audit risk model
Fraud risk must be considered in each audit engagement and is the risk of material error by management when issuing financial statements. Thus options A and B are the correct answers.
Fraud risk must be considered on each audit engagement: This is because fraud can occur in any organization and it is the responsibility of the auditor to design and perform audit procedures that are responsive to the risks of material misstatement due to fraud. This includes assessing the risk of fraud and taking appropriate action to respond to that risk.Is the risk of material error by management when issuing financial statements: Fraud can be committed by management or employees of an organization, and when it occurs, it can result in material errors in the financial statements. As a result, it is important for auditors to assess the risk of fraud when performing an audit, including considering the risk of material errors caused by management fraud.To learn more about fraud prevention:
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an effective minimum wage policy in a competitive market will increase unemployment and increase the total earnings of labor only if the demand for labor is
Only if there is a strong demand for labor will an effective minimum wage policy in a competitive market lead to an increase in both unemployment and total labor earnings is relatively inelastic
Option A is correct.
What effect does a minimum wage have on the need for workers?The minimum wage has an opposite relationship to the demand for labor. The demand for labor decreases when the minimum wage rate is raised. Employers may not be able to afford to hire as many workers as they would like when the minimum wage is raised. This indicates that businesses may choose to hire workers with more experience or higher skills or reduce the number of employees they employ. Additionally, some businesses may relocate to states or nations with lower minimum wages in the event that the minimum wage is raised. To replace workers with lower skills, businesses may also make investments in technology in some instances.
Incomplete question :
An effective minimum wage policy in a competitive market will increase unemployment and increase the total earnings of labor only if the demand for labor is
A) relatively inelastic
B) relatively elastic
C) unit elastic
D) greater than the supply
E) positively related to the wage rate
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Suppose that the quantity of umbrellas demanded at a price of $5 is 2000 units. The company's total revenue is $______________.
If the quantity of umbrellas demanded at a price of $5 is 2000 units, then company's total revenue is $10,000.
The company's total revenue is $10,000, since the quantity of umbrellas demanded is 2000 units and each unit is priced at $5. Therefore, the total revenue is 2000 x $5 = $10,000. Revenue is the quantum of money a company receives in exchange for its goods and services or again, what a client pays a company for its goods or services. The profit entered by a company is generally listed on the first line of the income statement as profit, deals, net deals, or net profit. Away from the bottom-line( net income), companies pay further attention to this single line item than any other. It's the topmost factor that determines how their business is doing. It tells a company easily how important plutocrat it's bringing in from the trade of its product. Changes in profit can be anatomized to determine if marketing strategies are working, how price changes affect the demand for the product, and a multitude of other perceptivity.
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swarthmore offers optional interviews. please note that applicants who do not interview are not at a disadvantage.
There is no demand for interviews. The lack of an interview does not put applicants at a disadvantage, and this interview does not use "demonstrated interest" in its application assessment procedure.
Why is it so hard to get into interview?Many students apply to S, which is why it is so selective, for its rigorous academics, plenty of extracurricular activities, and several additional programmes.
Only 4% of schools—many of which are prestigious colleges and universities—view them as being of great importance. Even a tiny edge could help your application advance in the accept pile. An admission interview might not make or break your application.
Swarthmore College doesn't take "demonstrated interest" into account, therefore your actions—such as visiting the campus or getting in touch with an admissions officer—will not be taken into account. The Common Application or Coalition Application are two options for applications. As part of the application process, several colleges require candidates to interview.
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Developing and maintaining the command's long-range training plan is the responsibility of the training officer and which of the following personnel?
Choose matching definition
1. Navy Leadership Continuum
2. Herpes and AIDS
3. Selective Reserve
4. The Department Heads
Developing and maintaining the command's long-range training plan is the responsibility of the training officer and The Department Heads.
Who are the so-called personnel?A collection of people who follow instructions, typically at a firm, is referred to as personnel in a noun form. The likelihood is that if you work, you are managed as staff. The term "personnel department," another name for the employment or human resources office, is also occasionally used as a shorthand for the word personnel.
Describe a personnel example.When characterizing a workplace or division inside a business, the word "personnel" can be used as an adjective. As an illustration, one could say: "Employee concerns are handled by the personnel department." To describe a personnel department or office, most businesses now use the term "human resources."
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All of the following are ways to measure the utility of a set of goods except...
A. Utils (generic utility function units)
B. Other goods
C. Voltage
D. Money
All of the following are ways to measure the utility of a set of goods except Voltage.
What is utility?
Utility is the broad range of advantages derived from using a good or service. This is a concise definition of utility. Typically, consumers would choose choices that would maximize their utility, guided by economic models. Effective poverty eradication requires reliable utilities. This includes the four fundamental principles of form utility, time utility, location utility, and possession utility. Utility describes the level of satisfaction a person experiences with a good or service. There are two categories of utility: cardinal and marginal. The utility is given a number by a cardinal utility, such as 10 for a bushel of corn and 20 for an apple basket.
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Which of the following statements is true?a. Two countries can achieve gains from trade even if one of the countries has an absolute advantage in the production of all goods.b. Certain very talented people have a comparative advantage in everything they do.c. If a certain trade is good for one person, it is always good for the other one.d. If the trade is good for a country, it must be good for everyone in the country.
The true statement is a.Two countries can achieve gains from trade even if one of the countries has an absolute advantage in the production of all goods
Even if one of the two countries has a definite edge in the manufacturing of all items, the two countries can benefit through trade. Each nation only has to have a comparative advantage in one particular good. Therefore, two countries can achieve gains from trade even if one of the countries has an absolute advantage in the production of all goods. The other two statements are false as -
b. Nobody can consistently outperform everyone else. The opportunity cost of one good or activity in comparison to another is reflected by comparative advantage. If one has a comparative advantage in one area, one must also have one in another.
c. It is untrue that if a trade benefits one party, it cannot also benefit the other. When based on comparative advantage, trades can and often do benefit both parties. Trades would not happen if neither party benefited.
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Suppose you deposit $2,000 in a savings account, and a year later you have $2,100. Meanwhile, the CPI rises from 200 to 204. In this case, the nominal interest rate is _____ percent and the real interest rate is _____ percent.
a. 1, 5
b. 3, 5
c. 5, 1
d. 5, 3
At the year's end CPI = CPI at the start of the year * (1 + difference between nominal and real interest rates)
Nominal rate of interest, Real interest rate of 7%. 198.30 at the start of the year and 4% at the year's end? Nominal rate minus real interest rate equals 7% minus 4%, or 3%. At the year's end The beginning of the year's CPI, which increased by the percentage difference between the nominal rate and real interest rate, is what led to the current CPI. At the year's end CPI = CPI at the start of the year * (1 + difference between nominal and real interest rates). 198.30 = CPI at the start of the year * (1+0.03). CPI at the beginning of the year = 198.30 / 1.03. CPI at the start of the year is 192.52. At the start of the year, the consumer price index (CPI) is 192.52.
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True orFFalse: Strategic objectives are the means of achieving the mission and vision, and should provide focus on decisions regarding which projects to select and how to prioritize them.
"Strategic objectives are the means of achieving the mission and vision, and should provide focus on decisions regarding which projects to select and how to prioritize them." This is true.
Strategic objectives are statements of purpose that aid in developing a broad vision, setting goals, and outlining actionable measures for a company to take in order to reach the intended result. A strategic goal is most effective when it can be measured by statistics or other visible data.
Businesses establish strategic objectives to advance their vision, harmonize their goals, and influence decisions that affect daily production at all organizational levels down to the lowest-paid workers.
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John Walters is comparing the cost of credit to the cash price of an item.
If John makes a down payment of $95 and pays $35 a month for 24 months, how much more will that amount be than the cash price of $699?
$236 more will that amount be than the cash price of $699 at down payment of $95 and pay amount of $35.
given data:
down payment = $95
pay amount = $35
time period = 24 months
cash price = $699
amount of installments = $35 × 24 = $840
Total amount of product = Down payment + amount of installments
Total amount of product = $95 + $840 = $935
Cash price = $699
Difference between credit and cash price is
Difference = $935 - $699 = $236
When commodities are purchased and sold in the real world, the cash price represents the precise amount of money that is transferred. Other expenses, such as those incurred for the shipping or storage of a product, may be included in the cash price. The best course of action is to pay the final instalment in full first, then subtract interest from it. The amount due at the end of the year may be multiplied by the formula Rate of Interest / 100 + Rate of Interest to get the interest for that year.
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because the gillette company had the first-mover advantage in successfully producing the products listed in the case study, which of the following is true?
The Gillette Company has a strong competitive advantage over other companies in the industry due to its first-mover advantage.
This advantage has allowed the company to establish a strong brand and gain a foothold in the market. Additionally, Gillette has been able to develop a loyal customer base and benefit from economies of scale that other companies may not be able to match.
The Gillette Company has a strong competitive advantage due to its first-mover advantage, which has allowed it to establish a strong brand, gain a foothold in the market, develop a loyal customer base, and benefit from economies of scale.
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highest sales in furniture you have a datasheet called product details that contains the product id and product names. in the main datasheet, you have product id for each order. using these two datasheets, find the product name which has the highest sales in the furniture category.
Farm items is the brand name with the biggest sales in the furniture sector.
Farm items made up the majority of the Middle colonies' exports.
Farmers in the Middle Colonies of America produced a variety of items that sold well and were exported. The Middle colonies' farmers were in fact referred to as the "Breadbasket" at the time because they produced a plenty of grain for both domestic and international trade. These farmers raised corn, oats, rye, barley, and wheat.
Regulation in the furniture sector raising the cost of manufacturing would decrease the supply of furniture (supply and cost of production are inversely related). Producers will want labour as a component of production less as a result of this drop in supply.
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hazelnut corporation manufactures lawn ornaments. it currently has two product lines, the basic and the luxury. hazelnut has a total of $189,502 in overhead. the company has identified the following information about its overhead activity pools and the two product lines:
1. The overhead allocated to each product line:
Basic = $103,500 (6,000 * $17,25)
Luxury is equal to $62,100 (3,600 * $17.25).
2. Activity Rate Using the ABC System:
Overhead Charges:
Material movement $3,666 / 78 moves equals $47 each move.
Quality $37,125 / 300 inspections equals= $123.75 each inspection
$124,800/9,600 m.hours = $13 per machine hour for machine maintenance
3. If Hazelnut use an ABC method, the amount of overhead assigned to the basic line is:
= $103,596
4. The amount of overhead that Hazelnut will allocate to the luxury line if an ABC approach is used is:
= $61,995
Explanation:
a) Information and calculations:
The total overhead is $165,591.
Activity Cost Cost Driver Cost Assigned Quantity/ Quantity
Pools to Pool Amount /Amount
Consumed Consumed
by Basic by Luxury
handling Number of moves $3,666 18 moves 60 moves
Quality Number of
inspections $37,125 200 100 inspections
Machine
maintenance No. of machine
hours $124,800 6,000 3,600 m.hours
Total overhead costs $165,591
Basic Luxury Total
Traditional pricing method based on machine hours as the cost driver:
Each product line's overhead is as follows:
Machine hours 6,000 3,600 9,600
Overhead rate = $165,591/9,600 = $17.25
Overhead assigned $103,500 $62,100
Overate rate:
Materials handling $3,666 78 moves = $47 per move
Quality $37,125 300 inspections = $123.75 per inspection
Machine maintenance $124,800 9,600 m.hours = $13 per machine hour
Assignment of costs:
Basic Luxury
Materials handling $47 * 18 = $846 $47 * 60 = $2,820
Quality $123.75 * 200 = 24,750 $123.75 * 100 = 12,375
Machine maintenance $13 * 6,000 = 78,000 $13 * 3,600 = 46,800
Total overhead assigned $103,596 $61,995
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Correct question:
Hazelnut Corp. manufactures lawn ornaments. It currently has two product lines, the basic and the luxury. Hazelnut has a total of $165,591 in overhead. The company has identified the following information about its overhead activity cost pools and the two product lines:
Activity Cost Cost Driver Cost Assigned Quantity/ Quantity
Pools to Pool Amount /Amount
Consumed Consumed
by Basic by Luxury
Materials
handling Number of moves $3,666 18 moves 60 moves
Quality Number of
inspections $37,125 200 100
inspections inspections
Machine
maintenance Number of
machine hours $124,800 6,000 3,600
machine hours machine hours
Required:
1. Suppose Hazelnut used a traditional costing system with machine hours as the cost driver. Determine the amount of overhead assigned to each product line.
2. Calculate the activity rates for each cost pool in Hazelnut’s ABC system.
3. Calculate the amount of overhead that Hazelnut will assign to the basic line if it uses an ABC system.
4. Determine the amount of overhead Hazelnut will assign to the luxury line if it uses an ABC system.
Economic profits are calculated as economic costs minus accounting costs revenue plus expenses revenue minus expenses accounting profit minus opportunity costs
Economic profit is the monetary amount that remains after deducting both explicit and opportunity costs from revenue.
Economic profit = revenues - explicit costs - opportunity costs
Economic Profit:
Economic profit is a form of profit derived from the production of goods and services, taking into account alternative uses of a firm's resources. Subtract explicit costs from revenue and include opportunity costs incurred during the period. Also part of this equation is an implied cost, which is typically the cost of a company's resources. We can use the following formula to calculate economic profit if you know the total amount of revenue generated and the total associated costs. An implied cost can be the market price at which a company can sell compared to using natural resources. A paper company owns a dense forest. They cut down trees to make paper products. Their implied cost is wood that can be sold at market price.
There is another way of thinking. A company can choose Project A over Project B. The profit from Project A after deducting costs and expenses is the accounting profit. Economic benefit includes the opportunity cost of choosing project A over project B. In other words; economic profit takes into account how much more or less profit would be made (using company resources) if management chose Project B.
The best companies calculate economic benefits to make informed business decisions and allocate resources efficiently. However, economic gains or losses are not generally disclosed, so this metric is less useful in stock buying decisions. Instead, investors should evaluate the company's management and its track record of entering new markets to drive overall growth.
The same concept of the Financial Profit Management Team is helpful at the individual level. For example, We can use the concept of financial profit to decide whether to start a business.
A new company expects to bring in $100,000 in its first year, but only costs $80,000 to start. Our book profit will be $20,000. But to start the company, he would have to quit his full-time job and downgrade to part-time, making him $50,000 in his first year.
The economic loss for the first year is minus $30,000 ($100,000 in sales - $80,000 in initial costs - $50,000 in lost revenue). However, after the first year, you can choose this plan if you have no further upfront costs, significantly reduced ongoing costs, and increased income. Early financial losses can turn into long-term financial gains.
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In calculating the weighted average cost of capital (WACC), which of the following statements is least accurate? A. The cost of debt is equal to one minus the marginal tax rate multiplied by the coupon rate on outstanding debt B. Different methods for estimating the cost of common equity might produce different results C. The cost of preferred equity capital is the preferred dividend divided by the price of preferred shares D. The weights used in calculating WACC are based on the market values of each capital components E. None of the above
The cost of debt is equal to one minus the marginal tax rate multiplied by the coupon rate on outstanding debt is the least accurate method for calculating the weighted average cost of capital (WACC).
Option A is correct.
How does weighted average work?A weighted average or mean multiplies each item by a value determined by its relative importance rather than treating them all equally. Including that many comparable items of the same value in the average is represented by the weights or weightings.
The fact that some data points contribute more to the final average than others, as opposed to all data points contributing equally, is the difference between the weighted arithmetic mean and the regular arithmetic mean.
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bedrock company reported a december 31 ending inventory balance of $414,500. the following additional information is also available: the ending inventory balance of $414,500 included $73,700 of consigned inventory for which bedrock was the consignor. the ending inventory balance of $414,500 incorrectly included $25,400 of office supplies that were stored in the warehouse and were to be used by the company's supervisors and managers during the coming year. based on this information, the correct balance for ending inventory on december 31 is: multiple choice $414,500 $340,100 $314,700 $303,000 $389,100
$389100 is the correct balance for ending inventory on december 31 .
What does "finishing inventory" mean?
Ending inventory, often referred to as closing inventory, is the cost of the items that a business has in stock and is ready to sell at the conclusion of a specific accounting period.
Businesses in almost every industry need to know how to calculate ending inventory.
the goods worth $73,700 should be include in ending inventory because
bedrock was the consignor for them.
so for the transaction , no adjustment require for ending inventory .
the supplies of worth $25400 should be reduced from the value of ending inventory .
= $414,500 - $25,400
= $389100
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Which of the following statements is true? a. The term cost tracing is used to describe the assignment of both indirect and direct costs to a particular cost object
b. The term cost tracing is used to describe the assignment of direct costs to a particular cost object
c. The term cost assignment is a general term that encompasses both (1) tracing indirect costs to a cost object and (2) allocating direct costs to a cost object
d. The term cost is used to describe the assignment of both indirect and direct costs to a particular cost object
The term cost tracing is used to describe the assignment of direct costs to a particular cost object.
In order to assign direct expenses to a specific cost item, a process known as cost tracing is used.
To what does it refer when a cost is traced to a cost object?Any cost that can be linked directly to a process, product, customer, location, or other cost object is referred to as a traceable cost. The traceable cost linked to it should also vanish if the cost object does.
What cost can be directly linked to an object cost Mcq?A service, a product, or a department can all be the cost object for a direct cost. The two most common forms of costs or expenses that businesses might incur are direct and indirect costs.
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the flow work is not an inexact differential, because it is defined for a particular process (constant pressure change in volume). the energy crossing the system boundary with dm,dein , can then be considered to be the energy carried in within the element of mass ein,mass (eq. (2.22)) plus the flow work done to push the mass across the boundary against the system pressure, p , eq. (2.23).
The flow work is defined as the work done by a system to move a certain mass from one place to another.
Flow work is different from an inexact differential due to its dependence on the particular process. The energy crossing the system boundary is determined by the element of mass, ein,mass, as described in equation 2.22.
However, along with the flow work done to push the mass across the boundary against the system pressure, p, as described in equation 2.23. Flow work can be further broken down into three components. Thus, the energy exchanged at the boundary is the energy arising from the change in internal energy.
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Assume that a customer shops at a local grocery store spending ak average if $200 a week, resulting in the retailer earning a $25 profit each week from this customer. Assuming the shopper visits the store all 52 weeks of the year, calculate the customer lifetime value if this shopper remains loyal over a 10-year life-span. Assume an 6% annual interest rate and no initial cost to acquire the customer.
The customer lifetime value based on the information would be $13,000.
How to calculate the lifetime value?The retailer is said to make a weekly profit of $25 from one customer. If a customer visits the store every week of the year (52), there will be 520 weeks in ten years (10 x 52).
We are aware that a prediction of the net profit attributable to the entire future relationship with a customer is represented by the customer lifetime value.
The profit made each week multiplied by the number of weeks the customer will shop would be the customer lifetime value.
The value will be:
= $25 × 52 × 10
= $13000
Therefore, the customer lifetime value would be $13,000.
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Assume that a customer shops at a local grocery store spending ak average if $200 a week, resulting in the retailer earning a $25 profit each week from this customer. Assuming the shopper visits the store all 52 weeks of the year, calculate the customer lifetime value if this shopper remains logal over a 10-year life-span.
among popular purchases online, one kind of product consists of items like computer software, music, and video for which
Among popular purchases online, one kind of the product consists of items like computer software, music, and video for the digital delivery is single most important factor.
What is a product?The thing being sold is called "product." An item or service can be considered product. Physical, virtual, or cyberspace forms are all possible. Every good has price because it costs money to produce it. The market, quality, marketing, and intended market group all affect price that can be paid. Every product has a shelf life after which it needs to be replaced and a life cycle after which it needs to be redesigned. When it comes to FMCG, a brand can be updated, re-launched, or expanded to make it more contemporary while frequently maintaining the product essentially the same.
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