a wholesaler that carries a narrow range of products and performs all channel functions is referred to as a specialty merchandise wholesaler.
What are wholesalers?Purchasing items in bulk at a reduced cost from a manufacturer and selling them to a retailer at a higher price for them to repackage and then sell to customers in smaller quantities at an even higher price is known as wholesaling.A company known as a wholesaler is one that purchases goods in bulk from the producer and then resells them in smaller quantities.A company that sells smaller quantities of goods directly to customers is a retailer.Products can be purchased from a wholesaler or directly from the manufacturer.To learn more about wholesaler refer,
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explain how marty would select a sample of sales transactions as well as vouch the sales transactions. what primary assertion is marty testing with the vouching procedure?
Depending on the item sold through different transactions, Okawa Inc.'s sales transactions range in value from a few dollars to millions of dollars.
From the aforementioned scenario, it would seem that Marty is in charge of auditing Okawa Inc.'s sales transactions. Okawa Inc.'s line of work includes supplying the mining industry with a variety of makes and models of standard handing tools.
⇒ Marty can use the following techniques to compile information about the sales transactions:
Step 1: Verify and perform reconciliations for any differences, if any,
between the sales as reported in the ledger and the sales book.
Step 2: Look into any reconciling items that may exist.
Step 3: Check to see if the stated accounts receivable balance and the
general ledger balance match up because this has a direct
impact on sales.
Step 4: Select a sample of the sales transactions that were entered into
the sales book to check the accuracy and legitimacy of the
transactions.
Step 5: Get a list of supporting documents, such as invoices, purchase
orders, receipts, delivery notes for goods, etc. for each of these
samples that you have chosen.
Step 6: Examine any reported sales returns for credit memos that were
issued during the appropriate timeframe, etc.
Step 7: Carry out analytical procedures over an extended period of time
to confirm that sales have been consistent with those of prior
years.
Step 8: Send customer confirmations to check the accuracy of any
amounts that have not yet been received in full.
Step 9: Conduct a reverse audit using samples of invoices, delivery
notes, and other documents to check whether they were
correctly entered into the sales book or sales ledger.
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Complete question:
Marty has to audit the sales transactions of Okawa Inc. Okawa supplies tools to the mining industry and carries a large number of different makes and models of standard mining tools. Okawa also designs and manufactures tools for special purposes and for miners operating in difficult conditions. The custom-designed tools are made only on the signing of a contract and receipt of a deposit, whereas standard tools are supplied to regular customers on receipt of a phone or email order. Okawa's sales transactions vary from a few dollars to millions of dollars depending on the number of items sold, whether the individual items are large or small tools, and whether the tools are standard items or custom designed.
Marty is instructed to gather evidence about the sales transactions using sampling and vouching. This is explained in detail in the audit program.
Required
a. Explain how Marty would select a sample of sales transactions as well as vouch the sales transactions. What primary assertion is Marty testing with the vouching procedure?
b. How could Marty use ADA as a substantive procedure?
Anna purchases a wedding dress and takes the dress to jessica for alteration. Anna and jessica agree that anna will pay jessica $75 for the alterations. After jessica begins working on the dress, she has second thoughts. Jessica contacts anna and advises her that the alternations will cost $150 instead of $75. Because anna’s wedding is in just two weeks, anna reluctantly agrees. Once the alterations are completed, anna pays jessica the $75 originally agreed on. Is jessica entitled to the additional $75?.
Option A. No, Jessica is not entitled to the additional $75 because there is no additional consideration for the revision to the contract.
Why is Jessica not entitled to the amount?
A contract record with the status value of APPR may be revised to make changes. Contracts without any recent revisions and with the status value of APPR are eligible for the Revise Contract action. When you change a contract, all of the information from the original copy is duplicated.
Contract lines, terms and conditions, related SLAs, commodities, permitted sites, and the contract number are all duplicated. No, Jessica is not entitled to the additional $75 once the revisions have been made in the example because the contract revision has already been paid for.
The modifications to the original contract might be listed in a letter that both parties must sign. A contract amendment can be generated using a template or from a provider of legal services. The original signed contract can have addendum pages at the end of it, either digitally or printed.
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Anna purchases a wedding dress and takes the dress to Jessica for alteration. Anna and Jessica agree that Anna will pay Jessica $75 for the alterations. After Jessica begins working on the dress, she has second thoughts. Jessica contacts Anna and advises her that the alternations will cost $150 instead of $75. Because Anna’s wedding is in just two weeks, Anna reluctantly agrees. Once the alterations are completed, Anna pays Jessica the $75 originally agreed on. Is Jessica entitled to the additional $75?
No, Jessica is not entitled to the additional $75 because there is no additional consideration for the revision to the contract.
Yes, Jessica is entitled to the additional $75 because Anna agreed to it, forming a valid contract.
Yes, Jessica is entitled to the additional $75 because the original contract contained insufficient consideration.
No, Jessica is not entitled to the additional $75 because contracts cannot be altered once the terms are agreed on.
how has the revolution in computers changed the way workers do their jobs? provide at least one specific example
The computer revolution altered because it led to an increase in the usage of computers in the workplace.
What exactly is the computer revolution?The Digital Revolution (also known as the Third Industrial Revolution) is the transition from mechanical and analog electronic technology to digital electronics that began in the latter half of the twentieth century with the adoption and proliferation of digital computers and digital record-keeping and continues to the present day.
Implicitly, the word also refers to the dramatic changes brought about by digital computing and communication technologies during this time period. The Digital Revolution, comparable to the Agricultural Revolution (Neolithic) and the First Industrial Revolution (1770-1840), signaled the start of the Information Age.
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a company believes it can sell 5,700,000 of its proposed new optical mouse at a price of $10.00 each. there will be $8,000,000 in fixed costs associated with the mouse. if the company desires to make a profit $2,000,000 on the mouse, what is the target variable cost per mouse?
The target variable cost per mouse is 4,300,000$ as per formula ; Profit = Sales - Variable Cost - Fixed Cost.
What are an example and a variable cost?Variable costs are those that alter as the volume changes. Variable costs include things like raw materials, piece-rate labor, production supplies, commissions, shipping costs, packing costs, and credit card fees. In some accounting accounts, the variable costs of production are called as "Cost of Goods Sold."
What exactly are variable and fixed costs?Fixed costs are expenses that, regardless of the volume of outputs, remain constant over time in accounting. Variable costs are those expenses that change directly in response to shifts in the volume or intensity of business activity.
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which of the following is true regarding services? group of answer choices services are typically produced, stored, and then consumed. services are generally low in experience and credence qualities. service providers develop similar marketing programs for personal services and business services. there is less risk associated with the purchase of services than with the purchase of goods. provider-client interaction is a special feature of services marketing.
Provider-client interaction is a special feature of services marketing, s true regarding services.
For the purpose of creating, communicating, delivering, and exchanging offerings that are valuable to customers, clients, partners, and society at large, marketing refers to a variety of activities, institutions, and procedures. Products, prices, locations, and promotions are the four Ps. They serve as an illustration of a "marketing mix," which refers to the assortment of tools and techniques used by marketers to meet their marketing goals. In the client-server model of computer networks, a client is a piece of hardware or software that uses a server's service that is made available. A client is a person or business that hires a professional to perform a service for them in exchange for payment.
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during 2022, jasmine (age 12) received $7,200 from a corporate bond. she also received $740 from a savings account established for her by her parents. jasmine lives with her parents and she is claimed as a dependent in their tax return. assuming her parents' marginal tax rate is 24%, what is jasmine's gross tax liability? (use tax rate schedule, standard deduction.)
Assuming her parents' marginal tax rate is 24%, the Jasmine's gross tax liability is $0.
What is marginal?Marginal refers to the emphasis on the expense or benefit of the subsequent unit or person, such as the cost of producing an additional widget or the revenue generated by hiring an additional employee. When making decisions, businesses employ marginal analysis to optimize their potential revenues.The marginal theory contributes to a better understanding of human reasoning, behavior, subjective assessment, and effective market prices. Marginal explains the distinction between total utility and marginal utility.Understanding marginal helps businesses choose how to price their products more effectively.The additional rate to produce a new good is known as the marginal rate . Say, for illustration, that it costs $100 to produce 100 vehicle tyres. It would cost $80 to produce one more tyre. Therefore, this is the marginal.To learn more about marginal from the given link :
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If demand is ______ with respect to price, a price increase will ______ total revenue.
If demand is inelastic with respect to price, a price increase will increase total revenue.
In the field of economics, an inelastic demand can be described as a demand of a product that is not changed either by increasing or decreasing the price of a product. The customers will still be interested in buying the product if the price becomes lower or greater.
Hence, for products that have an inelastic demand, an increase in the price of the product will mean that the total output or revenue from this product will increase.
Normally, demand for inelastic products is those that are a necessity, and hence customers have to buy them at any cost.
Although a part of your question is missing, you might be referring to this question:
If demand is ______ with respect to price, a price increase will ______ total revenue.
elastic; increase
inelastic; increase
unit elastic; decrease
inelastic; decrease
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what is the term for a crm that tracks the type of sale that is most likely to make a person purchase an item that they have previously viewed on an e-commerce site?
User experience is the term for a CRM that tracks the type of sale that is most likely to make a person purchase an item that they have previously viewed on an e-commerce site. Option C
What is User experience?Generally, The term "user experience" describes how a product, application, system, or service makes the user feel. It is a general phrase that may refer to anything, including how easily a user can navigate a product, how simple it is to use, how pertinent the shown material is, etc.
A CRM that monitors the kind of sale that is most likely to prompt a consumer to buy an item that they have previously seen on an e-commerce site is known as a user experience CRM.
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CQ
What is the term for a CRM that tracks the type of sale that is most likely to make a person purchase an item that they have previously viewed on an e-commerce site?
Variability
Product or service measurement
User experience
Product development
an increase in the price of gasoline shifts the demand for tires in which direction? a to the right, because an increase in the price of gasoline makes consumers poorer and thus not willing to pay as much for tires. b to the left, because gasoline and tires are substitutes. c to the right, because gasoline and tires are normally used together. d to the left, because gasoline and tires are normally used together. e to the right, because gasoline and tires are substitutes.
The correct answer for the given option is D (to the left, becuase gasoline and tires are normally used together)
What is substitute and complement?
Substitute is a product or service that can be easily replaced with another by consumers
Complement is a product or service that are consumed together
In this context, gasoline and tires are complements. If two goods are complements, then they will be having joint demand. The demand of one good will affect the other. So, when the gasoline price is increasing, then the demand of people buying cars will decrease and that means the demand of new tires will be lower than before.
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jennifer is offered a two-year employment contract with the local police department that is contingent upon her first passing a physical examination. what type of contractual condition is involved in this case?
Jennifer is given a two-year contract with the local police department if she passes a physical examination. In this scenario, a precedent sort of contractual condition is at work.
A physical examination, medical examination, or clinical examination is performed on a patient to look for any possible medical signs or symptoms of a medical disease. It often consists of a series of questions regarding the patient's medical history, followed by an examination based on the stated symptoms. The medical history and physical examination work together to help determine a diagnosis and develop a treatment strategy. These details are then incorporated into the medical record.
The routine physical, also known as a general medical examination, periodic health evaluation, annual physical, comprehensive medical exam, general health check, preventive health examination, medical check-up, or simply medical, is a physical examination performed on an asymptomatic patient for medical screening purposes.
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zoogle has the following selected data ($ in millions): (round your answers to 2 decimal place. enter your answers in millions (i.e., $10,110,000 should be entered as 10.11).) net sales $ 22,751 net income 6,430 operating cash flows 9,307 total assets, beginning 22,768 total assets, ending 31,497 required: 1. calculate the return on assets.
If zoogle has the following selected data. The company return on assets is 0.24.
How to find the return on assets?Using this formula to find the return on assets
Return on assets = Net income / Average total assets
Let plug in the formula
Return on assets = $6,430/ ($22,768 + $31,497)/2
Return on assets = $6,430/ ($54,265/2)
Return on assets = $6,430/$27,132.5
Return on assets = 0.24
Therefore the return on assets is 0.24.
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you have to run the foreign currency valuation for both us gaap and ifrs, which leads to different values for the two different accounting principles. how can you set this up in the system?
There are a few ways to set up the system in order to run the foreign currency valuation for both US GAAP and IFRS. One way would be to create two separate accounting entries, one for each accounting principle. Another way would be to create a single entry that includes both the US GAAP and IFRS values.
If you are using a software program to manage your accounting, you may be able to set up the system to automatically generate the correct valuation for each accounting principle. For example, you could create a rule that says if the accounting principle is US GAAP, then the valuation should be calculated using the US GAAP rules. Similarly, you could create a rule that says if the accounting principle is IFRS, then the valuation should be calculated using the IFRS rules.
If you are not using a software program, you will need to manually calculate the valuation for each accounting principle. For US GAAP, you will need to use the exchange rate at the time of the transaction. For IFRS, you will need to use the exchange rate at the end of the reporting period.
There are a few ways to set up foreign currency valuation in a system:
1. Run the valuation for both US GAAP and IFRS separately. This will lead to different values for the two different accounting principles.
2. Set up a separate valuation for each accounting principle. This will ensure that the correct value is used for each principle.
3. Use a currency conversion factor to convert the values from one accounting principle to the other. This will ensure that the correct value is used for each principle.
4. Use a combination of the above methods to ensure that the correct value is used for each principle.
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which of the following resulted from the 2018 report of the texas commission on public school finance? multiple choice a pledge by texas state leadership to shift some of the tax burden for school funding from the state of texas to local property owners a bill requiring texas local governments to seek voter approval to increase property taxes more than 3.5 percent a year a broad-scale increase in property taxes to help fund schools in poorer areas greater implementation of testing to ensure that underperforming schools are held accountable and thus receive less funding
Most federal fees in Texas visit training and fitness and human offerings. In Texas, the country and neighborhood governments can each levy income taxes.
The required details for Sales tax in given paragraph
A income tax is a tax paid to a governing frame for the income of sure items and offerings. Usually legal guidelines permit the vendor to acquire price range for the tax from the client at the factor of purchase. When a tax on items or offerings is paid to a governing frame immediately through a client, it also includes known as a use tax. Often legal guidelines offer for the exemption of sure items or offerings from income and use tax, inclusive of food, training, and medicines. A value-brought tax (VAT) amassed on items and offerings is associated with a income tax. See Comparison with income tax for key differences.
Sales tax is a tax on retail purchases. It is used to pay for country and neighborhood finances gadgets like schools, roads and hearthplace departments. Sales tax is a intake tax, and is typically charged at the sale of merchandise from stores to character consumers.
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to raise the funds for the major improvements needed at the funeral home, mort has talked to two investors about incorporating his business and selling them shares of stock in the company. mort is considering the use of multiple choice commercial paper. revolving credit. equity financing. debt financing.
To raise the funds for the major improvements needed at the funeral home.The use of equity financing occur.
Equity funding:Equity funding is when you raise money by dealing shares in your business, either to your being shareholders or to a new investor. This does not mean you must surrender control of your business, as your investor can take a nonage stake.
What's the purpose of equity financing?Equity backing is the process of raising capital through the trade of shares. Companies raise plutocrat because they might have a short- term need to pay bills or have a long- term thing and bear finances to invest in their growth.
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when, a well-known retailer of , started losing sales to its own loft outlets that feature moderately priced casual clothes, ann taylor was dealing with the marketing phenomenon known as .
Ann Taylor is dealing with marketing phenomena called cannibalization.
What is cannibalization?
When a business has numerous items that compete with one another in the same market, this is known as cannibalization.
Cannibalization of the market refers to a decline in revenue brought on by a corporation introducing a new product that replaces one of its own older goods. Despite a rise in sales for the new product, the cannibalization of the company's existing products results in no increase in market share.
When a new product is comparable to an old product and both have the same target market, market cannibalization may take place. Cannibalism can also happen when a chain store or fast food restaurant experiences a decline in business as a result of a new location of the same brand setting up close by.
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if an earthquake strikes, destroying a large number of factories, the long-run aggregate supply curve will move:
If an earthquake strikes, destroying a large number of factories, the long-run aggregate supply curve will move rightward.
When the aggregate supply curve shifts to the correct, then at each price index, a larger amount of real value is made. Value push inflation happens once provides of necessary commodities are unit briefly provided.
According to theory, a provide shock creates a cloth shift within the mixture provide curve and forces costs to scramble towards a replacement. The supply curve shifts to the correct as productivity will increase or the worth of key inputs falls, creating a mix of lower inflation, higher output, and lower state attainable.
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leaders who say what they think employees want to hear but whose behavior demonstrates that their own self-interests take precedence over the interest of their team could be described as
Pseudotransformational leaders are those who demonstrate that his own self-interests put before those of their team.
What do you mean by employee?An worker who is compensated to work for another person or business is an employee. Employees need only be paid by an employer for their labor in order to qualify as employees; individuals are not required to work comprehensive (the person or business that pays them).
Who are employees of a company?Employees are people who have been employed by their employer, often known as the person or company they work for, to execute tasks for them. According to the IRS, people are regarded as workers if the employer has control over the work done.
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suppose that you have just opened a new ford sales showroom and repair shop. which of your employees would be paid wages, which would receive salaries, and which would receive commissions?
it is a system where wages are paid on the basis of time spent by the workers on the job. The time spent may be in hours, days, weeks, or in months. Wages are to be paid per hour, per day, per week, or per month. Total wages are determined by multiplying the wages per unit of time by the total time spent on the job.
1. Service employees that include cashiers, and receptionists would be paid an hourly wage.
2. A salesperson would be paid a commission with an option for a weekly draw.
3. Repair technicians would be paid based on their billed labor hours.
4. Service writers would be paid a salary with a monthly bonus based on completed repairs.
5. Parts counter salesperson would be paid hourly plus a commission. Management would be paid a salary plus a bonus based on departmental performance.
“Wages” method all remuneration for private offerings, along with commissions and bonuses, and the coins price of all remuneration in any medium apart from coins.
salary and wages are each used to consult the cash paid to a person frequently for the paintings they do. expert people which include instructors are commonly paid a revenue. Their profits are the entire amount of cash that they are paid every 12 months, even though this is paid in twelve components, one each month.
Wages to be paid in current coin or forex notes-All wages will be paid in cutting-edge coin or foreign money notes or in both: [supplied that the business enterprise can also, after acquiring the written authorization of the hired character, pay him the wages both be cheque or with the aid of crediting the wages in his bank account.
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wendy, who is single, worked her way through college earning an annual taxable income of $12,000 in 2021. her first job after graduation will give her a taxable income of $35,000 per year. using the tax table, what is her marginal tax bracket in 2021 while she is still in school and what will it be when she graduates?
Marginal tax bracket in 2021 while she is still in school is 34 percent, and it will be 34 percent when she graduates.
What is the typical tax rate I pay?Divide total taxable income by total taxes to get the average tax rate. By isolating the absolute pay by the all out charges paid in each section, the typical duty rate not set in stone. The average tax rate will always be lower than the marginal rate.
For $92000, what is the tax rate?If you live in California, USA, and earn $92,000 annually, you will owe $26,681 in taxes. Your net pay will therefore be $65,319 per year, or $5,443 per month. Your average tax rate is 29.0%, while your marginal tax rate is 41.0 percent.
Taxable income divided by income times 100 is the marginal tax rate.
12000 / 35000 = 0.34 * 100 = 34%
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compared to traditional goods, digital goods have: group of answer choices higher copying costs. higher marginal costs. higher inventory costs. higher delivery costs. lower marginal costs of production.
A conventional economic system is based on customs, culture, and firmly held beliefs. A traditional economy is a financial system in which norms and convictions determine the benchmark and method of appropriation, as well as the goods and labor produced by the economy.
a) a greater degree of pricing flexibility is the best choice.
What are the three features of a conventional economy?When compared to modern economies, traditional economies possess a number of unique characteristics. They are based locally and geographically, use barter, have little to no surplus, and they don't throw away any of the products they make.
Who utilizes the conventional economy?The World Population Review classified Greenland, Brazil, Haiti, Alaska, Yemen, Canada, and Haiti as traditional economies in 2022.Asia, Africa, Latin America, the Middle East, and Asia are home to the majority of conventional economic systems.
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ray and gina own shares of stock in a number of different companies. none of their holdings are very large. because they make their own investment decisions, they are not as dependent on the board of directors to represent their interests as the large-block shareholders are. a. true b. false
The statement 'Ray and Gina own shares of stock in a number of different companies. None of their holdings are very large. Because they make their own investment decisions, they are not as dependent on the board of directors to represent their interests as the large-block shareholders are' is false.
When you hold stock in a company, whether it be of low value or high value' you have to go along with the board of directors of the company. You cannot make a decision on your own without getting approval from the board of directors.
In the case above, although Ray and Gina might be having a small share of stock in different companies, they are still entitled to be dependent on the board of directors as much as the large-block shareholders are.
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6. many subcultures make up important market segments. examples of three such important subculture groups include hispanic americans, african americans, and asian americans. describe the general shopping-related characteristics of each of these groups.
Branded, higher-quality products are more popular with Hispanic consumers than generics.
Perhaps even more significant is the fact that Hispanics are extremely brand-adherent and favor businesses that specifically target them. Compared to other demographics, African American consumers are more price-conscious; Quality and choice also strongly motivate them. African Americans appear to be more fashion-conscious and enjoy shopping more than other ethnic groups. Asian Americans are the most affluent demographic in the United States and the second-fastest-growing subculture of the population, after Hispanics.
Of all the ethnic groups, Asian Americans are the most brand-conscious and tech-savvy. Financially, older consumers are better off than younger ones. Travel, restaurants, high-tech home entertainment products, convenient services, financial services, and healthcare services would thrive in this market.
What kind of customers do Hispanics target?Include the culture of Hispanics in your marketing efforts.
You can, for instance, use a single Hispanic flag, incorporate cultural music, and incorporate imagery from Spanish-speaking nations. Your marketing can be more successful if you do more to connect your brand to the beautiful Hispanic culture.
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a problem is listed below. identify its type. after graduation in 3 years, antwone would like to take a much needed vacation to the caribbean islands. he anticipates that the all inclusive vacation package will cost him $3,300. his bank will pay 6% per year compounded semiannually. how much does he need to deposit into this account each semiannual period, so that he can take his vacation in 3 years? a) sinking fund b) amortization c) present value of an annuity d) future value with compound interest e) present value with compound interest f) none of the above.
$500 is the semi-annual deposit.
How is compounded annually determined?In order to compute compound interest, multiply the principle of the original loan by the annual interest rate multiplied by the number of compound periods minus one.
Explanation:
Providing the following details:
He expects to pay $3,300 for the all-inclusive holiday package. His bank will pay 6% annually compounded every two years.
Using the following formula, we can determine the semiannual deposit:
FV= [(1+i)n-1]/i A*
A= a semi-annual payment
Separating A:
A=(FV*i)/[(1 + I n]-1
A= {3,000*0.035) / [(1.035^6) - 1]
A= $458
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in job order costing, the amount of time spent by an employee on an individual job is recorded on a(n) a.time ticket b.employees' earnings record c.pay stub d.in-and-out card
The correct answer (a)Time ticket . A time ticket shows when a student is eligible to register for the next term. All students need a time ticket while time ticketing is enabled; when time ticketing is disabled, a student can register whenever they want as long as the term is open for registration.
What Does Time Ticket Mean?
The bookkeeper or payroll accountant collects the time tickets once the pay period is over, checks them for mistakes or fraudulent entries, and inputs the information into the payroll and accounting system. The payroll records then contain the time cards.
These physical cards serve as both an internal control and a record of the hours that employees have worked. Because time tickets will only be accepted if they are marked with the official time clock stamp, employees are unable to fabricate the number of hours they worked or modify work records. Time tickets serve as an additional internal control because they call for a second employee to enter the employee's working hours.
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oppenheimer beet processors, incorporated, processes sugar beets in batches. a batch of sugar beets costs $59 to buy from farmers and $21 to crush in the company's plant. two intermediate products, beet fiber and beet juice, emerge from the crushing process. the beet fiber can be sold as is for $35 or processed further for $27 to make the end product industrial fiber that is sold for $47. the beet juice can be sold as is for $55 or processed further for $35 to make the end product refined sugar that is sold for $81. what is the financial advantage (disadvantage) for the company from processing the intermediate product beet juice into refined sugar rather than selling it as is?
The financial advantage (disadvantage) for the company from processing the intermediate product beet juice into refined sugar rather than selling it as is $9.
Revenue after processing into refined sugar = $81
Revenue if sold as is = $55
Incremental revenue = Revenue after processing into refined sugar -
Revenue if sold as is
∴ Incremental revenue = $81 - $55 = $26
Processing costs = $35
Incremental income(loss) = Processing costs - Incremental revenue
∴ Incremental income(loss) = $35 - $26 = $9
The profit generated by a rise in sales is known as incremental revenue. It can be used to calculate the extra revenue brought in by a specific product, investment, or direct sale from a marketing campaign when sales volume has increased.It's common to compare incremental revenue to product cost. To turn a profit, businesses have to ensure that incremental revenue outweighs incremental expense for each product. Incremental revenue is primarily used by businesses to examine overall profit margins because it does not take overhead expenses into account.Learn more about Incremental revenue, here
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industries average total assets for the year are $4018000, its net income is $843780, and its net sales are $1031000. what is the return on assets? g
Given industries average total assets = $4018000
net income = $843780
net sales = $1031000
Return on Assets= Total Assets/ Net Income
Hence, The return on assets will be 21%.
What is Return on Assets (ROA)?
A financial ratio known as return on assets (ROA) measures a company's profitability in relation to its total assets. ROA can be used by corporate management, analysts, and investors to assess how effectively a company uses its resources to make a profit.
The metric is frequently represented as a percentage using the net income and average assets of a corporation. A company's ability to manage its balance sheet to produce profits is more effective and efficient when its ROA is higher; on the other hand, a lower ROA suggests there is potential for improvement.
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what is it called when machines, equipment. resources need to be productive. they must be used to make something (money is not a resource/factor of production).
Total productive maintenance keeps your machines running at their peak performance and aids in achieving equipment reliability.
What is Total Productive Maintenance equipment?Total Productive Maintenance (TPM), a comprehensive approach to equipment maintenance that aims for flawless production Zero breakdowns. No small stops, no running slowly. No flaws.To accomplish your work's goals and objectives, you must have all of your resources operating at peak efficiency. There is a method for doing this with equipment called complete productive maintenance (TPM). Total productive maintenance maintains your machines running at their peak performance and aids in achieving equipment reliability.Maintenance Methods Schedules for regular and periodic (time-based) preventive maintenance are included. When a problem is identified, corrective maintenance is carried out. Maintenance that is predetermined and adheres to a manufacturer schedule.To learn more about Total Productive Maintenance equipment refer to:
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a construction company in the united states, in comparison with a small economically disadvantaged country, will most likely use group of answer choices the same amount of capital resources. fewer capital resources. less technology that the poorer nation. more capital resources.
A construction company in the united states, in comparison with a small economically disadvantaged country, will most likely use more capital resources.
With the largest GDP and GDP per capita among industrialized nations, the United States is one of them.
As a result of production at scale economies, it uses more capital resources when compared to a small economically underdeveloped nation. In addition, it will make use of more advanced technology to increase output while reducing input costs.
An economic notion known as capital resources refers to components created by humans and used in the production of commodities or services. They are assets that enable the business to continue its beneficial operations.
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sales variances assume that casio computer company, ltd. sells handheld communication devices for $100 during august as a back-to-school special. the normal selling price is $150. the standard variable cost for each device is $70. sales for august had been budgeted for 400,000 units nationwide; however, due to the slowdown in the economy, sales were only 375,000. compute the revenue, sales price, sales volume, and net sales volume variances.
Revenue variance = $22500000
Sales price variance = $18,750,000
Sales volume variance = $3,750,000
Net sales volume variance = $2,000,000
The gap between actual sales revenue and anticipated budgeted revenue is known as the sales variance. It comprises a pricing variation and a volume variance that measures the impact of a discrepancy between actual and anticipated sales volumes (the difference between the actual and budgeted selling price).
Revenue variance = Actual sales revenue - budgeted sales revenue
= $37,500,500 (375,000 units x $100) - $60,000,000 (400,000 units x $150)
= $22,500,000 U (because actual is worse than budget)
Sales price variance = (Actual price x Actual units) - (Standard price x Actual units)
= $37,500,000 - $56,250,000 (375,000 units x $150)
= $18,750,000 U
Sales volume variance = (Standard price x Actual units) - (Standard price x Standard units)
= $56,250,000 - $60,000,000 (400,000 units x $150)
= $3,750,000 U
Net sales volume variance = (Net standard price x actual units) - (Net standard price x standard units)
= ($80 ($150 - $70) x 375,000) - ($80 ($150 - $70) x 400,000)
= $30,000,000 - $32,000,000
= $2,000,000 U
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g the allowance for doubtful accounts a. is a contra-revenue account. b. is credited (increased) when a company writes off accounts receivable. c. is credited (increased) when a company recognizes bad debt expense. d. is an expense account.
A contra-revenue account is a provision for dubious accounts. The right response in this case is option A.
Because it lowers the value of an asset in this example, the accounts receivable the allowance for dubious accounts is referred to as a "contra asset." The allowance, also known as a bad debt reserve, is management's best guess as to how many accounts receivable customers will not pay.
You must include the cost of creating an allowance for doubtful accounts on your company's balance sheet. Record it as an expense on your income statement if the dubious debt ultimately turns out to be a bad debt.
Contra assets, as opposed to the part on current assets, is where allowance for dubious accounts belongs. The balance of a contra-asset account will either be zero or negative.
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