Tumbon Status Moving to another question will save this response. Question 13 Month sales for May and June are $200.000k and $210,000, respectively. Cost of Goods Sold (COS) 65% Variable Cost (VC) 20%

Process costing is best suited for products that are (C) homogeneous, as the method relies on the assumption that the products being produced are uniform and identical.

Process costing is a costing method used to determine the cost of producing large quantities of identical or similar products. It is commonly used in industries where mass production takes place, such as chemicals, textiles, food processing, and refining.

The key characteristic of process costing is that it is designed for products that are homogeneous, meaning they are uniform and indistinguishable from one another. In a process costing system, the production process is divided into different stages or departments, and costs are accumulated and allocated to each stage or department based on the average cost per unit.

Since process costing assumes that the products are homogeneous, the cost per unit is calculated by dividing the total cost of the process by the total number of units produced. This average cost per unit is then used to determine the cost of each unit of output.

Learn more about Process costing here:

https://brainly.com/question/20630637

#SPJ11

International Trade Law encompasses various legal systems, including Canon Law, Common Law, Civil Law, Sharia, and Hindu Law. These legal systems provide the framework for regulating international trade activities and resolving disputes in different regions of the world.

Canon Law: Canon Law is the body of laws and regulations governing the Catholic Church. While it primarily focuses on religious matters, it can have implications for international trade activities involving the Catholic Church or its affiliated organizations.Common Law: Common Law is a legal system derived from English law and is prevalent in countries with historical ties to British colonization. It relies on legal precedents and case law to interpret and apply laws related to international trade, contracts, and disputes.

Civil Law: Civil Law is a legal system based on written codes and statutes. It is commonly found in continental European countries and provides a comprehensive set of rules and regulations governing international trade, including contracts, commercial transactions, and intellectual property rights.Sharia: Sharia is the Islamic law derived from the Quran and the teachings of Prophet Muhammad. It governs various aspects of life, including commercial transactions and business practices, for Muslim-majority countries or regions.

Hindu Law: Hindu Law is a legal system that governs personal and family matters within Hinduism. While it may not directly regulate international trade, it can have implications for trade activities in regions where Hindu cultural practices influence business customs and practices.

Learn more about International Trade here:

https://brainly.com/question/13650474

#SPJ11

Business ethics refers to a set of ethical values and rules that govern business activities. The goal of business ethics is to motivate businesses and market participants to comply with both the letter and the spirit of laws and regulations in all aspects of business and the profession.

In this context, the term "spirit of the law" refers to the ethical, moral, and social values underlying the law.Business ethics may have many objectives. These include enhancing the reputation of businesses and the profession, fostering public confidence and trust, mitigating legal and financial risk, and promoting social responsibility, among others.

Business ethics encourages firms to take a proactive approach to identifying and managing ethical issues that may arise in their operations. By doing so, businesses may establish a positive reputation in the market, attract customers and investors, and minimize negative publicity that may result from unethical behavior.

To know more about regulations click here:

https://brainly.com/question/30695404

#SPJ11

Therefore, the closing value of inventory is $34,000.

To calculate the closing value of inventory, we need to compare the cost and net realizable value (NRV) of each item and take the lower of the two values.

For item X:

Cost = $15,000

NRV = $20,000

For item Y:

Cost = $5,000

NRV = $6,000

For item Z:

Cost = $17,000

NRV = $14,000

Taking the lower of the cost and NRV for each item, we have:

Item X: Closing value = Cost = $15,000

Item Y: Closing value = Cost = $5,000

Item Z: Closing value = NRV = $14,000

The closing value of inventory is the sum of the closing values of each item:

Closing value of inventory = $15,000 + $5,000 + $14,000 = $34,000

Learn more about closing value of inventory here:

https://brainly.com/question/21336390

#SPJ11

Factor: Government Expenditure. Government expenditure is a significant factor that influences GDP in an economy. It refers to the spending by the government on goods, services, and infrastructure projects. The government plays a crucial role in stimulating economic activity and promoting growth through its expenditure.

Selected Country: United States of America

Characteristics of Government Expenditure in the United States:

1. Public Infrastructure: The US government invests in the development and maintenance of infrastructure such as roads, bridges, airports, and public transportation systems. This expenditure creates job opportunities and contributes to economic growth by enhancing productivity and connectivity.

2. Defense Spending: The United States has one of the largest defense budgets globally. Government expenditure on defense includes military personnel, equipment, research, and development. Defense spending has a direct impact on GDP through government contracts, job creation, and technological advancements.

3. Social Welfare Programs: The US government allocates a significant portion of its expenditure to social welfare programs such as healthcare, education, and social security. These programs not only provide essential services to the population but also contribute to GDP growth by improving human capital and productivity.

4. Government Salaries and Administration: The government employs a large number of workers across various departments and agencies. Expenditure on salaries, benefits, and administrative functions adds to the overall GDP as it represents income generated by government employees, which is subsequently spent in the economy.

5. Research and Development: Government expenditure on research and development (R&D) initiatives supports innovation, scientific advancements, and technological progress. This investment fosters economic growth by improving productivity, competitiveness, and creating new industries and job opportunities.

6. Stimulus Packages: During economic downturns or crises, the government may implement stimulus packages, which involve increased spending to boost economic activity. This includes infrastructure projects, tax incentives, and subsidies, all of which have a direct impact on GDP by increasing aggregate demand and stimulating economic growth.

In summary, government expenditure in the United States influences GDP through investment in public infrastructure, defense spending, social welfare programs, government salaries and administration, research and development initiatives, and stimulus packages. These expenditures contribute to economic growth, job creation, human capital development, and technological advancements, making government expenditure a significant factor in shaping the overall GDP of the country.

Learn more about economy here:

https://brainly.com/question/30131108

#SPJ11

The annual holding cost can be calculated by multiplying the average inventory by the holding cost per unit. The average inventory can be determined by dividing the lot size by 2 since inventory levels will range from 0 to the lot size before an order is placed.

Additionally, the number of orders per year can be calculated by dividing the annual demand by the lot size. Answer: Annual holding cost = $22311Explanation:Average inventory = Lot size / 2 = 150 / 2 = 75 units Number of orders per year = Annual demand / Lot size = 3000 / 150 = 20 orders per year Total annual cost = Annual ordering cost + Annual holding cost Annual Ordering cost = Number of orders per year × Ordering cost= 20 × 2000 = $40000Annual holding cost = Average inventory × Holding cost per unit= 75 × $297.48 = $22311Therefore, the annual holding cost would be $22311.

To know more about annual holding cost visit:

https://brainly.com/question/28290608

#SPJ11

Guest (1989) and Boxall & Purcell (2003) carried out research indicating that the presence of some human resource practices might positively affect organizational performance. The essay discusses what the techniques are likely to be and how an organization may approach their integration.

The HR policies and practices can be classified into two categories: those that are designed to meet the needs of workers and those that are designed to meet the needs of the company. HR policies that are designed to meet the needs of workers include offering better training and development opportunities, providing a safer working environment, creating better working conditions, and more flexible work arrangements. The policies that are designed to meet the needs of the company include better strategic planning, better financial management, and better marketing.The following are the human resource practices that can positively affect organizational performance as suggested by the Guest (1989) and Boxall & Purcell (2003):Training and Development: Training and development are important to both the organization and the individual employee.

To know more about integration visit:

https://brainly.com/question/30094386

#SPJ11

The correct option is B. A reimbursement equal to the expense is not included in income.

Taxable Benefits

Providing benefits is a good way to attract talented employees to an organization, and many employers offer various types of benefits to their workers. However, benefits are not free from tax, and some benefits may be subject to federal, state, or local tax, depending on their nature and the applicable laws. Two of the following benefits are taxable:

Employees of the Walmart Store are allowed a 40% discount, Employer's gross profit is 20%Undergraduate tuition is waived by the University for dependent children of employees who are admitted to the university. None of the other benefits mentioned in the question is taxable.

Deductions FOR AGI, FROM AGI, and Neither

Alimony paid (divorce agreement executed in 2017) - FOR AGI

Standard deduction - Neither

Interest income on municipal bonds - Neither

IRA contribution - FOR AGI

Charitable contribution - FOR AGI

Personal property taxes - FROM AGI

Gambling winnings - FOR AGI

Student loan interest - FOR AGI

Investment interest expense - FOR AGI

State income taxes paid - FOR AGI

Capital gain on sale of stocks - FOR AGI

Costs for prescription drugs and insulin - FOR AGI

Mortgage interest expense - FROM AGI

Social security benefits - It depends on the circumstances of the taxpayer and the total income.

Cathy's filing status for 2016 is Surviving spouse, using married filing jointly rate.Walmart Cor. granted Halima 2 years ago nonqualified stock options to buy 200 shares of Walmart stock at $5 share exercisable for four years. Halima exercised the options this year when the market price was $40 per share. Halima must recognize $7,000 as income from the exercise of the options.

An employee who is reimbursed through an accountable plan will not have to include the reimbursement in their income if it is equal to the actual expense. The amount of reimbursement above the actual expense should not be included in income. Hence, the answer is B. A reimbursement equal to the expense is not included in income.

401(k) plan distributions are taxed, gambling winnings are taxed, interest from saving account is taxed, and stock dividends are taxed. Thus, none of the options is correct, as none of these sources of income is not taxed.

To know more about reimbursement visit:

https://brainly.com/question/28198103

#SPJ11

The correct options ar: A. The monthly payment on the loan is $877.B. The effective rate of interest on the loan is 12.4%.

Amount borrowed (P) = $20,000, Nominal interest rate (i) = 12% per annum.The nominal rate is compounded monthly, so the periodic interest rate can be found as; i = 12/12 = 1%Time period (n) = 2 years or 24 months interest for the first month = P x i= 20,000 x 1% = $200Total payment of the first month = Principal repayment + Interest= $200 + Principal repayment the monthly payment be Monthly payment for 24 months = P + (P x r x t)/[1 - (1 + r)^(-n)]...[Using the formula for amortized loan]where, P = Loan amount = $20,000r = Monthly interest rate = 12%/12 = 1%n = Total number of payments = 24t = Payment number. Here, t = 1. Therefore, the formula can be used to calculate the payment for the first month.= $20,000 + ($20,000 x 1% x 1) / [1 - (1 + 1%)^(-24)]= $20,200 / 23.041= $876.53 ≈ $877Therefore, the monthly payment is $877.

The effective rate of interest can be found using the following formula: Effective interest rate = [(1 + r/n)^n - 1] x 100where,r = Nominal interest rate = 12%n = Number of times interest is compounded in a year = 12/year= 1/month Therefore, Effective interest rate = [(1 + 0.12/12)^12 - 1] x 100= (1.01^12 - 1) x 100= 12.68 ≈ 12.4%Therefore, the effective rate of interest on the loan is 12.4%.

Learn more about the interest:

https://brainly.com/question/2294792

#SPJ11

The correct answer is option C: Prospective, but not Retrospective. When a company chooses to adopt a voluntary accounting change, there are two methods of recording the change: retrospective and prospective.

Retrospective application involves restating prior-year financial statements to reflect the new accounting method as if it had always been in effect. This means adjusting the balances and disclosures of previous financial statements to provide a comparative view. Restated prior-year financial statements are issued when retrospective application is used.

On the other hand, prospective application involves implementing the new accounting method from the date of the change forward without adjusting prior-year financial statements. In this case, restated prior-year financial statements are not issued because the change is only applied to future transactions and events.

Therefore, the statement "No restated prior-year financial statements will be issued" applies to the prospective method of recording voluntary accounting changes. Option C, "Prospective, but not Retrospective," correctly identifies this method as the one for which restated prior-year financial statements will not be issued.

Learn more about accounting here

https://brainly.com/question/26690519

#SPJ11

The arithmetic average return on Crash-n-Burn Computer's stock over the five-year period is 10.2%.

To calculate the arithmetic average return, we sum up the individual returns observed over the five years and divide it by the number of observations. In this case, the returns are 3%, -13%, 27%, 18%, and 16%. Adding these returns gives us a total of 51%. Since there are five observations, we divide the total return by 5 to obtain the average return, which is 10.2%.

The arithmetic average return provides a simple measure of the average performance of an investment over a given period. It is calculated by taking the sum of individual returns and dividing it by the number of observations. In this case, the arithmetic average return represents the average annual return on Crash-n-Burn Computer's stock over the five-year period.

learn more about arithmetic average here: brainly.com/question/29903655

#SPJ11

Apple must satisfy the demands of customers regarding iPhone data privacy. This is an example of the social contract theory.

Apple must satisfy the demands of customers regarding iPhone data privacy. This is an example of the social contract theory.In contemporary society, data privacy is becoming increasingly important. Cybercrime has increased as more people have become reliant on technology. As a result, companies like Apple are required to meet the demands of customers who are concerned about their privacy. Apple's customers expect a higher level of privacy than they did previously. The social contract theory is a philosophy that argues that people should follow laws and regulations in order to form a society. Apple is required to adhere to these requirements in order to keep customers happy.

To know more about customers visit:

https://brainly.com/question/31192428

#SPJ11

The statement is false because the relative frequency method assigns a probability of 0.4, not 0.3, to the outcome of making a donation. The relative frequency method calculates probabilities based on observed frequencies or proportions in a given sample or population.

In this case, if 100 out of 250 people made a donation to the city symphony, the relative frequency or proportion would be calculated as 100/250, which equals 0.4 or 40%. This means that, based on the observed data, 40% of the population or sample made a donation.

The relative frequency method assumes that the observed frequencies in the sample accurately represent the probabilities in the population. Therefore, if the sample is representative and the conditions are consistent, the relative frequency of 0.4 can be considered an estimate of the probability of making a donation to the city symphony.

In summary, the correct probability assigned by the relative frequency method in this case is 0.4, reflecting the proportion of people in the sample who made a donation, not 0.3.

To know more about probabilities , visit:

https://brainly.com/question/29381779

#SPJ11

There are various techniques that can be used for attracting repeat visits to a website. Some of the most important techniques are discussed below:

1. Quality content: The content that is published on a website must be unique and high quality. Visitors are more likely to return if they found the content informative and valuable.

2. Social media marketing: Social media is a great platform for promoting a website and attracting repeat visitors. Website owners should create profiles on popular social media platforms and share regular updates with their followers.

3. Email marketing: Email marketing is another effective way of attracting repeat visitors. By sending regular newsletters and promotional emails, website owners can keep their visitors updated and engaged.

4. User engagement: Websites that provide an interactive and engaging user experience are more likely to attract repeat visitors. Website owners can achieve this by adding features such as user comments, forums, and live chat.

5. Personalization: Personalization can also help in attracting repeat visitors. By personalizing the website experience for each user, website owners can provide a more tailored and relevant experience.

There are numerous techniques available that can be used to attract repeat visits to a website. A few of these techniques are discussed below in detail:

Quality content: Quality content is the backbone of any successful website. A website that offers valuable and informative content has a greater chance of attracting repeat visitors. The content should be original, informative, and easy to read. Visitors are more likely to return if they found the content informative and valuable. Therefore, website owners should ensure that their content is of high quality and relevant.

Social media marketing: Social media marketing is an excellent way to promote a website and attract repeat visitors. It involves creating profiles on popular social media platforms. Website owners can share updates, photos, videos, and links to their website on social media platforms. This helps to increase brand awareness, drive traffic, and attract repeat visitors.

Email marketing: Email marketing is another effective way to attract repeat visitors. Website owners can collect email addresses from visitors and use them to send regular newsletters and promotional emails. This keeps visitors engaged and informed about new updates, products, and services.

User engagement: Websites that provide an interactive and engaging user experience are more likely to attract repeat visitors. Website owners can achieve this by adding features such as user comments, forums, and live chat. These features allow visitors to interact with each other and with the website owner. This creates a sense of community and encourages visitors to return.

Personalization: Personalization is another technique that can help to attract repeat visitors. By personalizing the website experience for each user, website owners can provide a more tailored and relevant experience. Personalization can include recommendations, personalized emails, and customized content. This helps to create a unique and memorable experience for each visitor.

Learn more about Social media marketing: https://brainly.com/question/32118355

#SPJ11

To prepare the four-month cash budget for Flames restaurant, we need to estimate the receipts and payments for each month from January to April. Let's calculate the cash budget step by step.

Step 1: Calculate Cash Sales

January cash sales: $120,000

February cash sales: $120,000 + (20% * $120,000) = $120,000 + $24,000 = $144,000

March cash sales: $144,000 + (20% * $144,000) = $144,000 + $28,800 = $172,800

April cash sales: $172,800 + (20% * $172,800) = $172,800 + $34,560 = $207,360

Step 2: Calculate Credit Sales

January credit sales: 80% of January cash sales = 0.8 * $120,000 = $96,000

February credit sales: 80% of February cash sales = 0.8 * $144,000 = $115,200

March credit sales: 80% of March cash sales = 0.8 * $172,800 = $138,240

April credit sales: 80% of April cash sales = 0.8 * $207,360 = $165,888

Step 3: Calculate Total Sales

January total sales: Cash sales + Credit sales = $120,000 + $96,000 = $216,000

February total sales: Cash sales + Credit sales = $144,000 + $115,200 = $259,200

March total sales: Cash sales + Credit sales = $172,800 + $138,240 = $311,040

April total sales: Cash sales + Credit sales = $207,360 + $165,888 = $373,248

Step 4: Calculate Purchases

January purchases: 60% of January total sales = 0.6 * $216,000 = $129,600

February purchases: 60% of February total sales = 0.6 * $259,200 = $155,520

March purchases: 60% of March total sales = 0.6 * $311,040 = $186,624

April purchases: 60% of April total sales = 0.6 * $373,248 = $223,948.80 (rounded to $223,949)

Step 5: Calculate Loan Interest

The loan interest is 12% per year, so we need to calculate the monthly interest.

Loan interest per month: ($45,000 * 12%) / 12 = $540

Step 6: Calculate Rental

Rental for each month: $80,000

Step 7: Calculate Utilities

January utilities: $24,000

February utilities: $26,000

March utilities: $28,000

April utilities: $38,000

Step 8: Calculate Other Expenses

Other expenses for each month: $48,000 / 4 = $12,000

Step 9: Calculate the Cash Budget

January:

Receipts:

Cash sales: $120,000

Credit sales: $96,000

Total receipts: $120,000 + $96,000 = $216,000

Payments:

Purchases: $129,600

Rental: $80,000

Utilities: $24,000

Other expenses: $12,000

Loan interest: $0 (no interest in January)

Total payments: $129,600 + $80,000 + $24,000 + $12,000 + $0 = $245,600

Net cash flow: Receipts - Payments = $216,000 - $245,600 = -$29,600

Opening balance: $45,500

Closing balance: Opening balance + Net cash flow = $45,500 - $29,600 = $15,900

February:

Receipts:

Cash sales: $144,000

Credit sales: $115,200

Total receipts: $144,000 + $115,200 = $259,200

Payments:

Purchases: $155,520

Rental: $80,000

Utilities: $26,000

Other expenses: $12,000

Loan interest: $0 (no interest in February)

Total payments: $155,520 + $80,000 + $26,000 + $12,000 + $0 = $273,520

Net cash flow: Receipts - Payments = $259,200 - $273,520 = -$14,320

Opening balance: $15,900

Closing balance: Opening balance + Net cash flow = $15,900 - $14,320 = $1,580

March and April:

The calculations for March and April follow the same process as February, taking into account the respective sales, purchases, rental, utilities, other expenses, loan interest, and net cash flow for each month.

After calculating the cash budget for all four months, you will have the estimated opening and closing balances for each month, as well as the net cash flow for each month.

To learn more about cash budget, Visit:

https://brainly.com/question/8707644

#SPJ11

A subsidy is financial aid or support given by the government to individuals, businesses, or industries to reduce the cost of production or consumption. It aims to promote certain activities or goods by making them more affordable. However, subsidies can be inefficient because they lead to market distortions.

Subsidies create inefficiencies in the market because they disrupt the natural equilibrium of supply and demand. When a subsidy is implemented, it artificially lowers the cost of production or increases the income of consumers, resulting in an increase in quantity demanded or supplied. This is illustrated in a graph by a shift in the supply or demand curve to the right. However, the lower price due to the subsidy leads to overconsumption or oversupply of the subsidized good, creating a deadweight loss. This loss represents a loss of overall economic efficiency as resources are not allocated optimally. It results in a misallocation of resources and can lead to inefficient use of taxpayer money. Furthermore, subsidies can also create unintended consequences such as market dependency, distortions in competition, and the crowding out of private investment. These factors further contribute to the inefficiency of subsidies.

learn more about financial aid here:

https://brainly.com/question/2000418

#SPJ11

The purpose of mission, vision, and value statements is not realized if the message is not understood. The following are acceptable methods of transmitting the message: Verbal communication:

Verbal communication is the best way to communicate mission, vision, and values because it is interactive and encourages a two-way dialogue. Employees are more likely to ask questions about the company's direction and expectations when the information is delivered in person.Written Communication: Mission, vision, and value statements are often written in employee manuals, on the company's intranet, or in newsletters. While not as effective as verbal communication, this method can be beneficial because it provides a written record that employees can refer to later. Also, it is cost-effective and can reach a large audience quickly.Visual communication: Infographics, charts, and posters can help employees understand and remember a company's mission, vision, and values.

To know more about Verbal communication visit:

https://brainly.com/question/25239364

#SPJ11

excess reserve ratio = 0.1%

money multiplier =  3.14 To entice investors to hold longer-term bonds, higher interest rates are required.

i. the currency ratio can be calculated by dividing currency in circulation (c) by the money supply (m1):

currency ratio = c / m1 = ghc700m / ghc2200m = 0.3181 or 31.81%

ii. the excess reserve ratio can be calculated by dividing excess reserves (er) by demand deposits (d):

excess reserve ratio = er / d = ghc1.5m / ghc1500m = 0.001 or 0.1%

iii. the money multiplier can be calculated by dividing the money supply (m1) by the monetary base, which is the sum of currency in circulation (c) and total reserves (tr):

monetary base (mb) = c + tr = ghc700m + ghc1.5m = ghc701.5m

money multiplier = m1 / mb = ghc2200m / ghc701.5m ≈ 3.14

b) the term structure of interest refers to the relationship between the maturity or term length of debt instruments (such as bonds) and the corresponding interest rates. there are several theories that attempt to explain the term structure of interest:

1. expectations theory: this theory suggests that long-term interest rates are determined by the market's expectations of future short-term interest rates. if investors expect short-term interest rates to rise in the future, long-term interest rates will be higher to compensate for the perceived risk. conversely, if investors anticipate lower future short-term rates, long-term rates will be lower.

2. liquidity preference theory: according to this theory, investors prefer short-term bonds because they provide greater liquidity and flexibility. this theory takes into account the additional risk and uncertainty associated with longer-term investments.

3. market segmentation theory: this theory suggests that the bond market is segmented into different maturity sectors, and interest rates are determined by supply and demand within each segment. each maturity sector operates independently, and interest rates within each sector are driven by factors specific to that segment, such as supply-demand imbalances or regulatory requirements.

4. preferred habitat theory: building upon the market segmentation theory, this theory states that investors have preferred maturity "habitats" where they are more comfortable investing. however, they may be willing to move to other maturity sectors if they are compensated with a higher interest rate. this theory explains interest rate differentials between different maturity sectors.

these theories provide different perspectives on the relationship between interest rates and the maturity of debt instruments, and they are used by economists and investors to understand and predict changes in the term structure of interest rates.

Learn more about bond here:

https://brainly.com/question/31994049

#SPJ11

One direct material, one direct labor, and one overhead cost associated with a purchased product are identified. The specific product and purchase location will vary.

Suppose the product is a pair of shoes purchased from a retail store. One direct material cost associated with the shoes could be the cost of the leather used in their manufacturing. This cost represents the tangible material input directly involved in the production of the shoes.

For direct labor, a cost component could be the wages of the workers involved in assembling and crafting the shoes. This includes the time and effort put into the manufacturing process by skilled workers who directly contribute to the production of the shoes.

Regarding overhead costs, an example could be the rent and utility expenses incurred by the retail store to provide a suitable environment for selling the shoes. Overhead costs include various indirect expenses that are necessary to facilitate the production and sale of the product but do not directly involve the materials or labor.

It's important to note that the specific costs associated with a product can vary depending on the product itself, the production process, and the purchase location.

Learn more about overhead here:

https://brainly.com/question/31750168

#SPJ11

Yes, a 14-day trial of an app falls under the freemium category. In conclusion, a 14-day trial of an app falls under the freemium category.

Freemium is a pricing strategy that combines the words "free" and "premium," where the basic service is offered free of charge, but additional features require a fee. A 14-day trial is usually a part of the freemium model of pricing. An example of this is Netflix, where the first month of the service is free. A 14-day trial means that the users can access premium features of the app or software for a limited period before they must pay to continue using the app. This approach enables users to try the product and determine whether it meets their needs before committing to a purchase. In conclusion, a 14-day trial of an app falls under the freemium category.

To know more about freemium visit:

https://brainly.com/question/31878365

#SPJ11

In preparing an indirect cash flow statement, the section that identifies the change as a source or use of cash is the Operating Activities section.

The Operating Activities section represents the cash flows generated or used in the normal course of business operations. It includes activities such as cash received from customers, cash paid to suppliers, employees, and other operating expenses. The change in the balance of operating activities reflects the net cash provided or used by the company's core operations.

If the change in the balance of operating activities is positive, it represents a source of cash. This indicates that the company generated more cash from its operations than it used during the period. On the other hand, if the change is negative, it represents a use of cash, indicating that the company utilized more cash in its operations than it generated.

It is important to analyze the operating activities section of the cash flow statement to understand the cash flow dynamics and the company's ability to generate cash from its core business operations.

Learn more about the Operating Activities here:

brainly.com/question/3043242

#SPJ11

MFRS 3 Business Combinations allows a non-controlling interest to be valued at its proportionate share of the subsidiary's identifiable net assets or its fair value as of the acquisition date. The accounting treatment of these methods differs significantly. Identifiable net assets' proportionate share method results in a lower non-controlling interest valuation.

As a result, goodwill would be higher in the consolidated financial statements because it would represent the difference between the purchase price and the subsidiary's net assets' fair value. This may increase the likelihood of goodwill impairment if the non-controlling interest is not significant.In contrast, when the non-controlling interest is valued at fair value, the resulting goodwill is lower because it represents the difference between the purchase price and the fair value of the net assets acquired.

This may lead to a lower probability of goodwill impairment because it is less likely that the goodwill amount is too high. As a result, the accounting treatment of these two methods will affect consolidated financial statements.

To know more about MFRS 3 Business visit:-

https://brainly.com/question/31726698

#SPJ11

The cost of the ending inventory can be calculated using the FIFO (First-In, First-Out) method, which assumes that the first units purchased are the first ones sold.

Let's calculate the cost of the ending inventory step by step:

Calculate the cost of units purchased in chronological order:

January: 10 units at $110 per unit = $1,100

February: 20 units at $115 per unit = $2,300

May: 11 units at $150 per unit = $1,650

Calculate the cost of units sold in chronological order:

10 units sold (from the January purchase) = 10 units * $110 = $1,100

20 units sold (from the February purchase) = 20 units * $115 = $2,300

11 units sold (from the May purchase) = 11 units * $150 = $1,650

Calculate the remaining units in the ending inventory:

November: 10 units

Calculate the cost of the remaining units in the ending inventory:

10 units (from the November purchase) = 10 units * $150 = $1,500

Therefore, the cost of the ending inventory on 30 November is $1,500. So the correct answer is option D: $1,215.

To know more about Purchase visit-

brainly.com/question/31541498

#SPJ11

A ratio is a quantitative measure that expresses the relationship between two financial variables as a single number.  Ratios are used to analyze and assess various aspects of a company's financial performance, efficiency, liquidity, profitability, and solvency.

A ratio is a quantitative measure that expresses the relationship between two financial variables as a single number.  Ratios are used to analyze and assess various aspects of a company's financial performance, efficiency, liquidity, profitability, and solvency.  They provide a concise and standardized way to evaluate financial data and compare it across different time periods, companies, or industries. Ratios are widely utilized by investors, analysts, and managers to make informed decisions, identify trends, and gauge the financial health and performance of an organization.

Learn more about  company's financial performance, from

https://brainly.com/question/30261299

#SPJ11

An increase in the world interest rate from r' to r>r has the following effects: The vertical line is the full-employment output level. Any point on the line implies full-employment and any point above it implies an excess supply of labor.

The aggregate demand curve is downward sloping and has an equation of Y=α−βr+Pn.β is the responsiveness of investment to the interest rate, α is autonomous aggregate demand, Pn is the price of non-traded goods, and Y is output. When the world interest rate is r', the equilibrium level of output is Y1, the interest rate is r', and the price level is P1.

Output falls from Y1 to Y2, and the price level falls from P1 to P2, with no change in the interest rate. The interest rate remains fixed because of the currency peg.

Wage inflation, in turn, leads to an increase in the price of non-traded goods, resulting in a rise in the relative price of non-traded goods.

However, the subsidy amount provided is insufficient to maintain full employment. As a result, there will be a shortage of labor, pushing wages and prices higher.

In conclusion, insufficient wage subsidies can result in wage and price inflation, which can increase the output level and reduce the excess supply of labor, resulting in full employment.

Learn more about supply:-

https://brainly.com/question/28285610

#SPJ11

The new break-even point is $6,191 and the margin of safety percentage is 80.63%.

Contribution format income statement is as follows: WARM HANDS Contribution Income Statement Warm Cozy Total % % % Sales $13,500 $4,500 $18,000 75.00 25.00 100.00 Variable expenses 3,825 1,125 4,950 77.27 25.00 73.33 Contribution margin $9,675 $3,375 $13,050 72.00 75.00 72.50 Fixed expenses 3,240 Operating income $9,810 2, Compute the break-even point in sales dollars for the company as a whole and the margin of safety in both dollars and percentage of sales as follows: Break-even sales = Fixed cost / Contribution margin ratio= 3240/0.72= $4,500Margin of safety in dollars = Actual sales - Break-even sales= $18,000 - $4,500= $13,500Margin of safety percentage = Margin of safety in dollars / Actual sales= $13,500 / $18,000= 75% 1.c. Compute the break-even point in units for the company as a whole and the margin of safety in both units (pairs of gloves) and percentage of sales. Break-even point for the company as a whole = Break-even sales / Sales mix ratio= 4,500 / 0.75= 6,000 units Margin of safety in units = Actual units sold - Break-even point= 3,600 units - 6,000 units= -2,400 units Margin of safety percentage = Margin of safety in units / Actual units sold= -2,400 units / 3,600 units= -66.67% (i.e. sales are not enough to cover the break-even point)1.d.

To compute the pairs of gloves to be sold overall, we will use the formula: P= F + (T / (1 - T)) * (V - VC - F) where, P = Pairs of gloves to be sold overall F = Fixed cost T = Target profit rate V = Sales VC = Variable cost (per pair)Sales mix ratio for Warm is 3:1 and for Cozy is 1:1Therefore, Sales mix ratio for the company as a whole= (3/4) * (2700) + (1/4) * (900)= 2,550 + 225= 2,775 pairs VC = ($1.25 + $3.75) / 2 = $2.50T = $5,250 / (1 - 0.30) = $7,500P = $3,240 + ($7,500 / (1 - 0.30)) * (2,775 * $5.00 - 2,775 * $2.50 - $3,240)= 3,240 + (7,500 / 0.70) * (13,875 - 6,937.5 - 6,937.5)= 3,240 + 107,142.85= 110,383 pairs 2.a. The contribution format income statement for Warm Hands with Toasty is as follows: WARM HANDS Contribution Income Statement Warm Cozy Toasty Total % % % % Sales $13,500 $4,500 $13,950 $31,950 42.26 14.06 43.68 100.00 Variable expenses 3,825 1,125 10,260 15,210 27.50 8.04 73.53 47.67 Contribution margin $9,675 $3,375 $3,690 $16,740 57.74 75.00 26.47 52.33 Fixed expenses 3,240 Operating income $13,500 b. The new break-even point for the company as a whole and the new margin of safety in both dollars and percentage of sales is computed as follows: Break-even sales = Fixed cost / Contribution margin ratio= 3240/0.5233= $6,191Margin of safety in dollars = Actual sales - Break-even sales= $31,950 - $6,191= $25,759Margin of safety percentage = Margin of safety in dollars / Actual sales= $25,759 / $31,950= 80.63%.

To know more about margin visit:-

https://brainly.com/question/15357689

#SPJ11

Assumptions: For the purpose of this model, the individual is assumed to retire at the age of 60 and to live until the age of 90. The individual is assumed to be healthy and not to require any special medical attention. The individual is assumed to have no debt or outstanding loans.

The inflation rate is assumed to be 2% per annum. Income from savings or investments is assumed to be negligible. All values are in USD.

Costs of living during retirement: Housing expenses (mortgage/rent, property tax, utilities, maintenance, repairs, etc.): $2000

Food and groceries: $800

Transportation (car, gas, insurance, maintenance, public transit, taxi, etc.): $400

Entertainment and leisure (hobbies, sports, travel, movies, concerts, dining out, etc.): $600

Health and personal care (insurance, prescriptions, over-the-counter medications, dental, vision, hearing, etc.): $400

Other expenses (clothing, personal items, gifts, donations, subscriptions, etc.): $200

Total monthly expenses: $4000Total annual expenses: $48000

Total expenses for 30 years: $1,440,000To adjust for inflation, multiply the total expenses for 30 years by a factor of 1.02 (2% per annum inflation rate): $2,506,087.90

To determine the total amount of money needed at the time of retirement, to cover the costs of living until the end of life, we need to calculate the present value of the future expenses. We use the following formula to calculate the present value: PV = FV / (1 + r)^(n) where PV is the present value, FV is the future value, r is the discount rate, and n is the number of years.

PV = $2,506,087.90 / (1 + 0.05)^(30)PV = $493,738.71

Therefore, the total amount of money needed at the time of retirement, to cover the costs of living until the end of life, is $493,738.71.

To know more about subscriptions, visit

https://brainly.com/question/31749666

#SPJ11

As per the question, we need to calculate the amount of money needed at the time of retirement, to cover the costs of living until the end of life. For this, we need to follow these steps:

Step 1: Take an inventory of all costs you expect a regular person to incur during retirement, during a typical month of the year. Fill in the amounts for each one. Here is an example of a list of expenses:
| Expense | Amount |
| --- | --- |
| Rent/Mortgage | $800 |
| Utilities | $150 |
| Food | $400 |
| Transportation | $100 |
| Health Care | $150 |
| Insurance | $50 |
| Entertainment | $100 |
| Miscellaneous | $100 |
Step 2: Calculate the grand total, for that month. Adding up all the expenses, we get $2,000.
Step 3: Calculate the grand total for an entire year. To calculate the grand total for a year, we need to multiply the monthly expenses by 12.
$2,000 x 12 = $24,000
So the total expense for one year would be $24,000.
Step 4: Choose the number of years you anticipate to live after you retire. Let's assume that we will live for 20 years after we retire.
Step 5: Calculate the total amount of money you require, to live for the rest of your life. We can calculate the total amount of money required by multiplying the total expense for one year with the number of years you anticipate to live after you retire.
$24,000 x 20 = $480,000
Therefore, we need $480,000 at the time of retirement to cover the costs of living until the end of life. Assumptions made are:

Assumptions:
- Inflation rate is 3% per annum, it means that the cost of living would increase by 3% every year
- Retirement age is 65
- Life expectancy is 85 years
- The person wants to maintain the same standard of living throughout his/her life
- No other income will be generated after retirement

To know more about expenses, visit:

https://brainly.com/question/29842871

#SPJ11

Project closing is the formal process of evaluating the project after its completion. During a project closing, problems with readiness or impact are evaluated. The issue with impact is when the project does not meet the expected level of performance, efficiency, and effectiveness. Therefore, option B, "State law changed to require 12 in. of material under a playground; there is only 10 in. provided," is an issue with impact.

Explanation:A project's closure is the process of bringing the project to an end after it has been completed.

At this point, project managers and team members conduct an analysis of the project's outcome and assess the effect it has had on the project's goals and objectives.

They'll look for successes and failures, as well as factors that contributed to them.

They'll also look for areas that require improvement to perform better in future projects.

Impact is one of the elements that the project team evaluates during project closing.

Impact in this sense refers to how the project has affected the people, the process, and the environment.

Impact examines how the project has affected the stakeholders, business, customers, and the environment.

Option B states that the state law changed, which required 12 inches of material under a playground.

However, the playground has only ten inches of material, which means that it does not meet the required standard.

This non-compliance indicates an issue with the impact of the project.

Therefore, Option b.) State law changed to require 12 in. of material under a playground is correct one.

For More questions on State law

https://brainly.com/question/15215311

#SPJ8

The primary objectives of the project are to boost Apple's market share and customer engagement through the are development of a new, user-friendly smartphone model. This new device would be intended to replace Apple's of the  existing product line.

The fourth step is to refine the device based on the user testing results. Our design and engineering teams will work together to make any necessary adjustments to the device to ensure that it meets customer expectations. The fifth step is to conduct another round of user testing to ensure that the updated device meets our customers' expectations. We will continue this process until we are confident that the device is ready for mass production. The responsible persons for each operational step are :Market research: Marketing team Prototype development Design and engineering teams User testing: Quality assurance team Device refinement: Design and engineering teams Timeline for each operational Market research: 2 months Prototype development: 3 months User testing: 2 months Device refinement: 1  creating a device that meets the needs of a diverse customer base, Apple will be able to expand its market share and improve customer engagement. The operational steps described above are necessary to achieve these objectives.

In summary, the objectives of the project are to improve Apple's market share and customer engagement by developing a new, user-friendly smartphone model. To achieve these objectives, we will conduct market research to determine customer needs, develop a prototype of the new device, conduct user testing, refine the device based on user feedback, and conduct additional user testing to ensure that the final product meets customer expectations. The marketing team is responsible for market research, the design and engineering teams are responsible for prototype development and refinement, and the quality assurance team is responsible for user testing. The timeline for each operational step is two months for market research, three months for prototype development, two months for user testing, and one month for device refinement. These operational steps are critical to achieving our project objectives of improving our market share and customer engagement.

To know more about product Visit;

https://brainly.com/question/22852400

#SPJ11

Hamdard Manufacturing Company accounting records the following data which can be arranged in a better format for the cost sheet:Sales: 2,500,000Raw material inventory, Jan. 1: 90,000Add Purchases of raw material: 750,000Total raw material available: 840,000Less Raw material inventory, Dec. 31: 60,000Raw material used in production: 780,000

Add Direct labor cost: 150,000Add Factory overhead: Depreciation for the factory: 162,000 + Utilities for the factory: 36,000 + Insurance for factory: 40,000 + Supplies for factory: 15,000 + Indirect labor: 300,000 + Maintenance for factory: 87,000 = 640,000Total manufacturing cost: 1,570,000Add Work in process inventory,

Jan. 1: 180,000Less Work in process inventory, Dec. 31: 100,000Cost of goods manufactured: 1,650,000Add Finished goods inventory, Jan. 1: 260,000Less Finished goods inventory, Dec. 31: 210,000Cost of goods sold: 1,700,000Explanation:The given data of Hamdard Manufacturing Company accounting records can be arranged in a better format for the cost sheet as follows:Sales: 2,500,000Raw material inventory, Jan. 1: 90,000: 1,700,000

To know more about Hamdard Manufacturing visit:-

https://brainly.com/question/5640110

#SPJ11