WACC = Weight of debt × Pretax cost of debt× (1 - Tax) + Weight of preferred equity×Cost of preferred equity + Weight of ca) For WACC with retained earnings,
WACC = [40% × 9.6%× (1 - 25%)] + [5% × 8.8%] + [55% × 12.2%]
WACC = 0.0288 + 0.0044 + 0.0671
WACC = 0.1003
WACC = 10.03%
b) For WACC with new stock issuance
WACC = [40% * 9.6% × (1 - 25%)] + [5% × 8.8%] + [55%×12.8%]
WACC = 0.028WAC8 + 0.0044 + 0.0704
WACC = 0.10360
WACC = 10.36%
The weighted average value of capital (WACC) is the price that an agency is anticipated to pay on common to all its safety holders to finance its property. The WACC is generally called the firm's price of capital. Importantly, it is dictated through the outside market and no longer by control. The WACC represents the minimum return that a corporation needs to earn on an existing asset base to satisfy its lenders, owners, and other companies of capital, or they may make investments someplace else.
agencies raise money from a number of assets: common stock, favored inventory and associated rights, immediate debt, convertible debt, exchangeable debt, worker stock options, pension liabilities, govt inventory alternatives, governmental subsidies, and so forth. exclusive securities, which constitute extraordinary assets of finance, are predicted to generate different returns. The WACC is calculated by contemplating the relative weights of each thing of the capital structure. The extra complicated the company's capital structure, the more onerous it is to calculate the WACC.
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based on francine's advice, what would appear to be the motivating factor for tina's acceptance of your proposal?
Based on francine's advice, Tina has a strong need to feel a sense of accomplishment and be recognized and admired by others for her accomplishments.
It gives you a sense of purpose to accomplish goals and feel proud of the work you've done. We all experience it, hopefully the majority of the time during our careers. Setting realistic goals actually ranks as the fourth most crucial element in boosting employee engagement, according to the Happiness Research Institute.
You naturally become more involved in your work when you feel a sense of accomplishment. You are inspired to go above and beyond by this feeling.
Splitting complicated projects into smaller, attainable goals is a more motivating and effective way to manage them. By doing so, you can solve any issues that arise and give your teams more frequent rewards.
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Complete question:
Before you start drafting your message, you tell Francine Santana, a senior member of your team, your idea and the primary audience you've selected for your message. She disagrees with your assessment and tells you, "Sorry, but I think you're off-base here. You should send the message to Tina Bagley, because once you get her to sign on to your survey idea, she can take the matter up with senior management to request the resources for the survey."
She goes on to tell you that it will be important for you to know what motivates Tina so your message will align with her interests and desires. Francine has been with GreenStar for a number of years and knows Tina well, so you ask her what she thinks motivates Tina.
Francine tells you, "Tina is very achievement-oriented. It would be a huge feather in her cap if she could demonstrate that this policy would retain existing customers and even grow our customer base."
Based on Francine's advice, what would appear to be the motivating factor for Tina's acceptance of your proposal?
a. Tina wants to help others and make a difference in the lives of other people.
b. Tina seeks approval from others and needs to feel accepted.
c. Tina's ultimate goal is power. She likes to feel in control of situations and exert authority over others.
d. Tina has a strong need to feel a sense of accomplishment and be recognized and admired by others for her accomplishments.
winnebagel corp. currently sells 1,800 motor homes per year at $77,000 each and 600 luxury motor coaches per year at $120,000 each. the company wants to introduce a new portable camper to fill out its product line; it hopes to sell 800 of these campers per year at $23,500 each. an independent consultant has determined that if the company introduces the new campers, it should boost the sales of its existing motor homes by 90 units per year and reduce the sales of its motor coaches by 10 units per year. what is the amount to use as the annual sales figure when evaluating this project? why?
The amount to use as the annual sales figure when evaluating this project is $259,130,000. As a result, the yearly revenue number to utilize while appraising this project is $259,130,000.
What are annual sales?The total amount of money earned by a corporation during a year is referred to as its yearly revenue or annual sales. Depending on how you handle your accounting, you could measure that year as a calendar or fiscal year. Revenue is distinct from profit because it does not include expenses.
The following is an explanation of the answers:
New units of motor homes per year = Current units of motor homes per year + Expected increase in the unit of motor homes per year = 1,800 + 90 = 1890
New units of luxury motor coaches per year = Current units of luxury motor coaches per year + Expected decrease in the unit of luxury motor coaches per year = 800- 10 = 790
Figure for annual sales = (New units of motor homes per year * Unit of motor homes) + (New units of luxury motor coaches per year × Unit price of luxury motor coaches) + (Expected units of portable camper × Unit price of portable camper) = (1890 × $77,000) + (790 × $120,000)
+ (800 × $23,500) = $259,130,000
As a result, the yearly revenue number to utilize while appraising this project is $259,130,000.
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at the end, willy decides he is better off dead because the insurance money will take care of linda and the house. however, what do neither of them realize?
In the end, Willy decides he is better off not alive because the insurance money will take care of Linda and the house. However, neither of them realizes that Willy this step to provide for Linda and the children.
Finally, Willy makes the decision to leave the world. Not just because he recently lost his work, with which he was barely making enough money to cover basic bills at the time.
He does it mainly because he believes that Biff will be able to do something with the life insurance payoff, enabling at least one of the Lomans to realize his unattainable ambition of enormous wealth and success.
This proposal of Biff infuriates Willy to no end since it implies that he will not take the $20,000 and turn it into a fortune. Linda also thinks his action proves he didn't love her because it leaves her all alone.
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your buyer client haley is making an offer on her first home although she can afford the full listing price, you advise her to offer 10% below the list price. what's a good reason for doing so?
Haley is making an offer on her first home although she can afford the full listing price, you advise her to offer 10% below the list price as the market is cold.
What is Market in Fianancial term ?
Any location or system that gives buyers and sellers the ability to exchange financial assets, such as bonds, shares, the different international currencies, and derivatives, is referred to as a financial market. The connection between people with capital to invest and those who need capital is facilitated by financial markets. Financial markets enable players to transfer risk (often through derivatives) and advance trade in addition to making it feasible to obtain funds.
Financial market transactions are subject to risk even while rules and best practices serve as a guidance. The OCC advises and assists national banks that participate in financial market activity.
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unwritten or unspoken understandings through which firms collude to restrict competition are called:
The terms "unwritten" and "unspoken" agreements by which businesses collaborate to limit competition are tacit cooperation.
Are firms restricted by an unwritten or unspoken agreement?
Tactic collusion, which is an unwritten and unspoken agreement between businesses to limit their competition, is an alternative to overt collusion.
Which type of cooperation is most potent?
A cartel, which is an agreement among several producers to limit output in order to boost their collective profits, is the most potent form of collusion.
Which circumstance results in blatant collusion?
Having a lot of small businesses compete with one another results in a stable market price. There is an unspoken agreement among smaller companies in an industry to charge the same price as the largest company.
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a bond with a coupon rate of 8 percent sells at a yield to maturity of 9 percent. if the bond matures in 11 years, what is the macaulay duration of the bond? what is the modified duration?
The Macaulay duration is 7.58317 and Modified duration is 6.95704
How to calculate Macaulay duration and Modified duration?
Given,
Coupon rate = 8%
Yield to maturity (YTM) = 9%
Assumed,
Bond face value = $ 100
Coupon = $ 100×8% = $ 8
Macaulay duration can be calculated by this formula
Macaulay duration = [tex]\frac{\sum{n\times pv}}{\sum{pv}}[/tex]
PV or present value can be calculated by this formula
PV = [tex]\frac{cashflow}{(1+YTM)^n}[/tex]
Then, after we get Macaulay duration we can calculated Modified duration by this formula
Modified duration = [tex]\frac{\text{Macaulay duration}}{1 + YTM}[/tex]
For detailed calculations using excel in the attached image with excel formula
Thus, the Macaulay duration is 7.58317 and Modified duration is 6.95704
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bill sells his 500 acre farm to mr developer. if the agreement contains a clause that requires a zoning permit within 60 days of the closing, this would be an example of a .
This would be an example of a condition subsequent. An occurrence or situation that, if it happens, will end one party's responsibility to the other is known as a condition following.
Because they go into effect after a party has already taken on a responsibility or after an interest has already accrued, conditions subsequent differ from related conditions predecessors. A condition precedent is a requirement that must be met in order for a title to be full. A responsibility that follows is one of the accomplishments that terminates a title that has already been finished. For instance, if a customer's home is destroyed by fire while the insurance policy is in effect.
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calculate the total cost of land if the purchase price was $150,000; the real estate broker commission were $10,000, and the demolition cost for the old building was $5,000.
The total cost of land will be 165,000 if the purchase price was $150,000; the real estate broker commission were $10,000, and the demolition cost for the old building was $5,000.
The total variable and fixed costs of a batch of goods or services are determined using the total cost formula. For calculating the overall cost of a product or product line, these data may be helpful.
Calculating the average total cost is a crucial step in your accounting process when pricing your goods and services. Making sure your product prices are high enough to cover both your variable and fixed costs is done in this stage. The total cost formula assists firms in calculating their overall operating costs.
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partnerships with blank as partners are generally not eligible to use the cash method of accounting for tax purposes.
Partnerships with corporations as partners are generally not eligible to use the cash method of accounting for tax purposes. (Option C).
What is a Partnership?A partnership is a type of business where two or more persons jointly own the company and are responsible for managing it and for any profits or losses it makes.
As a result, two or more individuals who pool their resources to start a firm and agree to split the risks, rewards, and losses constitute a partnership enterprise by definition. Law firms, medical groups, real estate investment firms, and accountancy groups are examples of common partnership businesses.
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Complete Question can be found below:
Partnerships with ______ as partners are generally not eligible to use the cash method of accounting for tax purposes.
A individuals
B other partnerships
C corporations
Correct Answer: Option C
in a one dimensional city with all economic activity at a single point (cbd), if there are two types of workers, drivers and walkers, and both types have the same hourly earnings, how will the two types become arranged in the city?
In a one dimensional city with all economic activity at a single point (cbd) , the walkers will be at the center of the city and the commuters would be close to point cbd.
What do you think "economic" means?Economics is the study of scarcity and how it affects a wide range of intricate social problems, such as how resources are used, how commodities and services are produced, how output and welfare increase over time, and a host of other complex problems.
What is the main objective of economics?Economics majors have a greater understanding of the world around them. People can better respond to problems and opportunities presented by changing circumstances by being able to understand other people, companies, markets, and governments.
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a pro forma balance sheet is used as . a.) a projection of the effects of a proposed transaction on assets, liability and equity b.) a projection of the effects of a proposed transaction on revenue and expenses c.) an accounting of the actual effects of a significant transaction on assets, liability and equity d.) an accounting of the actual effects of a significant transaction on revenue and expenses
A pro-forma stability sheet is a tabulation of future projections and are used to task how the enterprise will be managing it is assets in the future.
It outlines and summarizes the predicted future fame of a company after a deliberate transaction, primarily based on the modern economic statements.
Why is it referred to as a pro forma?Pro forma capability “for the sake of form” or “as a matter of form." When it appears in economic statements, it indicates that a technique of calculating monetary outcomes the use of sure projections or presumptions has been used.
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https://brainly.com/question/5099450#SPJ4revenue inc. owns more than 90 percent of the shares of sales corporation. a copy of a plan for a merger of revenue and sales must be sent to each shareholder of
Revenue inc. owns more than 90 percent of the shares of sales corporation. a copy of a plan for a merger of revenue and sales must be sent to each shareholder of revenue.
What is revenue?In the context of accounting, revenue refers to the total income from sales of products and services that are directly related to the company's core operations. Sales or turnover are two other terms for commercial revenue. Interest, royalties, and other fees are sources of income for some businesses.
The basic definition of revenue is the entire amount of money received by a business from its operations, measured over a predetermined period of time. Before deducting any expenses, a company's revenue is its gross income. Revenue, which is the money made from sales and/or services provided, is defined by profits and total earnings.
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suppose you have invested in a new computer company whose profitability depends on (1) whether the u.s. congress passes a tariff that raises the cost of japanese computers and (2) whether the u.s. economy grows slowly or quickly. what are the four mutually exclusive states of the world that you should be concerned about?
The four mutually exclusive states will be:
Slow growth with tariff.Slow growth without tariff.Fast growth with tariff.Fast growth without tariff.What are mutually exclusive states?A statistical concept known as mutual exclusion refers to two or more events that cannot occur simultaneously. It is frequently used to describe a scenario where one outcome takes precedence over the other. For instance, it is impossible for peace and war to coexist. They can't coexist because of this.
Events that cannot occur at the same time are said to be mutually exclusive. An assortment of situations come to mind, such as right and left hand turns, even and odd numbers on a die, winning and losing a game, or running and walking. Events that are not mutually exclusive may occur simultaneously.
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which of the following statements about disability income insurance is true? group of answer choices most individual disability income policies pay a fixed percentage of gross income. any disability stemming from an illness or injury that occurs during the probationary period is covered. typical waiting periods for disability insurance range from 30 days to a year. policies with a guaranteed renewability provision are generally more expensive initially than noncancelable policies. typical probationary periods for disability insurance range from 90 days to a year.
Any disability stemming from an illness or injury that occurs during the probationary period is covered. The given statement is true about disability income insurance.
The insured income refers to all gains from which country social insurance contributions have been calculated and must be paid in accordance with the method provided for by this law, including calculated sickness, maternity, paternity, and vocational rehabilitation.
A business earnings insurance policy may cover your loss of earnings if you cannot operate due to a covered event. It is possible to lose your heart due to a blanket cause.
To become eligible for an income safety allowance, you must be off work for a specified period of time due to illness or injury. When contributors have not previously implemented to change this to a 30-day or 60-day waiting period, they will have a 90-day waiting period (the default waiting period).
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a cabinet firm paid $5,000 for 10,000 pieces of cabinet hardware. the firm has used 4,000 pieces of hardware and is holding the remaining 6,000 pieces in inventory. the current market price for the 6,000 pieces of hardware is $2,800. what is the opportunity cost of holding the 6,000 pieces of hardware in inventory?
A cabinet firm paid $5,000 for 10,000 pieces of cabinet hardware. $2800 is the opportunity cost of holding the 6,000 pieces of hardware in inventory.
Elaborate:since, sunk cost is the cost that has formerly occurred and has no eventuality of the recovery in the future. sunk cost is substantially considered with the outfit purchasing. so when the establishment are holding 6000 piece of press tackle and 4000 are being used, so 6000 closets price are the sunk cost.
What is sunk cost?
A sunk cost, occasionally called a retrospective cost, refers to an investment formerly incurred that can not be recovered. exemplifications of sunk costs in business include marketing, exploration, new software installation or outfit, hires and benefits, or installations charges.
What's the purpose of sunk cost?sunk cost, in economics and finance, a cost that has formerly been incurred and that can not be recovered. In profitable decision timber, sunk costs are treated as defunct and aren't taken into consideration when deciding whether to continue an investment design.
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removing an uncollectible account and its corresponding allowance from the accounting records is called . multiple choice question. subsidiary accounting a write-up a write-off double entry accounting
If a customer's accounts receivable are determined to be uncollectible under the allowance method, the amount is deducted from Accounts Receivable and written off.
When an uncollectible account is written off, what happens?Uncollectible Bad Debt Writing off a specific account receivable will result in an equal increase in expenses on the profit and loss side and a decrease in accounts receivable on the balance sheet.
A non-collectible account can be written off using the allowance method: a) only affects accounts on the balance sheet. It is evident, based on the entries in the journal above: When the account is written off, the accounts receivables account decreases. When accounts are written off, the allowance for questionable accounts also decreased.
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graff, incorporated, has sales of $44,130, costs of $14,190, depreciation expense of $3,190, and interest expense of $2,330. the tax rate is 21 percent. what is the operating cash flow, or ocf?
Graff, incorporated, has sales of $44,130, costs of $14,190, depreciation expense of $3,190, and interest expense of $2,330. the tax rate is 21 percent. the operating cash flow is 24812.
Operating Cash Flow (OCF) equals EBIT plus depreciation minus taxes, which comes to 26750 + 3190 - 5128.2 = 24812.
a payment, especially from one central bank account to another, is considered a cash flow in its narrowest sense. There are three different kinds of cash flow.
Cash flow from operations.
cash flow investment.
cash flow financing.
Depreciation is a term that covers two distinct but related ideas: the actual decline in an asset's fair value, such as the annual decline in the value of factory equipment The four primary depreciation techniques are described in more detail below.
Straight-Line Method of Depreciation
Method of Double Declining Balance Depreciation
Method for Depreciating Production Units.
Depreciation method using the sum-of-the-years-digits.
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You need $24,056 at the end of 6 years, and your only investment outlet is an 8 percent long-term certificate of deposit (compounded annually). With the certificate of deposit, you make an initial investment at the beginning of the first year. Use Appendix B and Appendix C for an approximate answer, but calculate your final answer using the formula and financial calculator methods.
a.
What single payment could be made at the beginning of the first year to achieve this objective? (Do not round intermediate calculations. Round your final answer to 2 decimal places. )
Single payment made $
b.
What amount could you pay at the end of each year annually for 6 years to achieve this same objective?(Do not round intermediate calculations. Round your final answer to 2 decimal places. )
A. The single payment that would be made is given as $15160.07
B. The amount that would be paid annually at the end of the year is $3279.2
How to solve for the single paymentWe have the following data to solve the problem with
future value = 24056
The number of years n = 6 years
The rate is r = 8 percent
The present value is the single payment that would be made
This is given by
[tex]fv(1 + r)^n[/tex]
[tex]24056(1 + 0.08)^6[/tex]
= 24,056 / 1.5868
= $15160.07
b. We are to find the future value of annuity
The future value of annuity has been solved through the use of the excel statistical tool
= $3279.2
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adjusting entries: multiple choice affect only income statement accounts. affect only balance sheet accounts. affect both income statement and balance sheet accounts. affect cash accounts. affect only equity accounts.
adjusting entries affect both income statement and balance sheet accounts.
Altering entries influence at slightest one account from the wage statement and one account from the balance sheet. Adjusting sections make year-end alterations to designate revenue and cost accounts within the period in which they occurred. These revenues and costs accounts are tied to any resource or liability account within the balance sheet. the alteration for interest payable would charge the interest payable account and credit the interest expense account. Consequently, it alters a liability and expense account. for example, year-end alteration for supplies on hand will include supplies expenses account charge to supplies account credit. Here, an alteration is made to the cost and asset account.
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In which market model do firms rely on product differentiation to distinguish themselves from the competition?.
In the monopolistic competition market model companies rely on product differentiation to distinguish themselves from their competitors.
In a monopolistic competitive market, firms differentiate their products based on the product differentiation strategy. Product differentiation is a marketing strategy that gives the edge to firms in a monopolistic competitive market. Firms in monopolistic competition attempt to stand out to potential customers and distinguish their products from other firms in the competition.
What is the Monopolistic Competitive Market?
A market is termed as monopolistic competitive when there are many firms producing the same kinds of products and services. These products and services are similar but are not perfect substitutes for each other. When a firm enters into a monopolistic competitive market, typically it encounters very low barriers since, in the monopolistic competitive market, the decisions of any firm do not directly affect other firms in the market.
Here is the complete question:
"
In which market model do firms rely on product differentiation to distinguish themselves from the competition?.
a) pure competition
b) oligopoly
c) pure monopoly
d) monopolistic competition
"
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jeff bets mike $1,000 that the uw-whitewater football team will win their next game. the warhawks win the game. mike refuses to pay the money. jeff wants to sue to collect his $1,000. will jeff win?
Jeff wants to sue to collect his $1,000 according to his bet. However he will win only if the bet was unconscionable.
A court may deem a contract unconscionable and decline to enforce it if it is unjust or burdensome to one party in a way that shows wrongdoing during its development. The likelihood that a contract will be ruled unconscionable increases if both unfair negotiation and unjust substantive terms are demonstrated.
Actions that are shockingly awful or outrageous and display a lack of conscience are referred to as unconscionable conduct. One of the justifications that courts can use to declare an entire contract, or portions of it, invalid is unconscionable conduct.
Any one of the following situations can make a contract unconscionable: wrongful influence Duress. unbalanced bargaining position.
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a firm has just completed a new marketing campaign and would like to measure how effective it was at increasing profits. which metric would indicate if the money spent on the campaign contributed to profits?
A business wants to gauge how successful a new marketing campaign was at boosting revenues after it recently finished. An indicator of the effectiveness of marketing campaigns is the return on marketing investment.
ROI measures the relationship between an investment's return and its cost. It is used as part of analytics and serves as a basis for creating future marketing initiatives. This makes it possible for you to identify which marketing tactics are successful and which ones should be improved.
For three key reasons, it is difficult to determine the marketing return on investment (ROI): Some marketing campaigns don't always translate into increased sales. Assessment methods for determining what counts as a marketing cost are not well-established. There are too many payback cycles to count.
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last year, valley manufacturing reported sales of $800,000, net operating income of $40,000, and average operating assets of $400,000. the company's return on investment (roi) for last year was .
The company's return on investment for last year was 10% increased from the current level of 12%.
What is investment and how the company's return on investment for last year was increased by 10%?Investment is the money that is dedicated by a person to buy a thing or notice the value increased over time.Here the question is asked of the valley manufacturing reported and how the company's return on investment was for the last years.The answer would be the company's return on investment for last year was 10% increased from the current level of 12%.There are several kind of investments like growth investment, shares , property and fixed interest into which people invests in majority.Hence for the valley manufacturing reported sales of $40,000 and average operating assets of $400,000 the company's return on investment for last year was increased 10% from the current level of 12%.To know more about investment visit:
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to do firm valuation, we discount the expected fcfes using the cost of equity capital. question 3 options: true false
To do a firm valuation, we discount the expected FCFE using the cost of equity capital. The given statement is false.
Value of Equity = Terminal Value of FCFE/(Cost of Equity - Growth rate)
While using the FCFE model, we are only concerned with the cash flow to equity holders and thus it makes sense to use the cost of equity rather than using the entire cost of capital or WACC. Hence, the given statement is false.
Equity addresses the worth that would be gotten back to an organization's investors assuming that the resources were all exchanged and the organization all's obligations were paid off. We can likewise consider the value of a level of leftover proprietorship in a firm or resource subsequent to deducting all obligations related to that resource.
Equity is utilized as capital raised by an organization, which is then used to buy resources, put resources into ventures, and asset tasks. A firm commonly can raise capital by giving debt (as a credit or by means of bonds) or value (by selling a stock).
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a loan is repaid with level annual payments based on an annual effective interest rate of 7%. the 8th payment consists of 789 of interest and 211 of principal. calculate the amount of interest paid in the 18th payment.
The amount of interest paid in the 18th payment is 584.93.
The annual payment at the level is 789 + 211 = 1000. If we indicate the principal portion of the t-th payment by P^t, then
P1^8 = 1.07^10
P^8 = 1.07^10.211 = 415.07.
So, The interest portion is 1000 - 415.07 = 584.93
The fee that a lender assesses on a borrower is known as the interest rate, which is expressed as a percentage of the principal, or the loaned amount.
Essentially, interest is a fee that the borrower must pay for using a resource. An interest rate can be thought of as the "cost of money" because a higher interest rate makes borrowing the same amount of money more expensive.
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the opec oil crisis in 1971 increased the us inflation rate, which led to negative effects on the trade position, and this led to a(n) blank in the value of the dollar. multiple choice question. increase
The OPEC oil crisis in 1971 increased the us inflation rate, which led to negative effects on the trade position, and this led to a decrease in the value of the dollar.
What caused OPEC crisis?When the Organization of Arab Petroleum Exporting Countries (OAPEC), led by Saudi Arabia, declared an oil embargo in October 1973, the 1973 oil crisis, also known as the first oil crisis began. The 12 nations that made up OPEC at the time ceased selling oil to the United States during the OPEC oil embargo. Gas costs skyrocketed as a result of the embargo. Prices increased by more than treble between 1973 and 1974. Stagflation resulted from the embargo. Two specific occurrences in the Middle East, the Yom-Kippur War in 1973 and the Iranian Revolution in 1979, contributed to the oil crisis of the 1970s.
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apple uses corning's glass products for all its devices, such as the gorilla glass 6 used in the iphone 11 series. to ensure that it continue to have a strong relationship with this glass industry leader, apple has invested nearly $500 million toward corning's advanced glass research division. by building up this relationship, apple seeks to maintain some control over which of porter's 5 forces?
Apple hopes to retain some influence over its consumers from Porter's five forces by fostering this connection.
Managers and analysts may better understand the competitive environment a company operates in and how it is positioned within it by using Porter's Five Forces Model.
Porter's five forces can be used to identify who is better off in a particular business scenario. The strength of an organization's current competitive position as well as the strength of a position it may aim to hold in the future may be ascertained using this information.
These factors affect a company's profitability by affecting the quantity and strength of its rivals in the market, possible new market entrants, suppliers, consumers, and replacement goods.
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sourcing and procurement of raw materials, component parts, finished goods and services is handled by which department?
Sourcing and procurement of raw materials, component parts, finished goods, and services are handled by the Industrial Buyers department.
Procurement is the system of discovering and agreeing to terms and copping goods, services, or another workshop from an external source, frequently with the use of an extending or competitive bidding process. When a government agency buys goods or services through this practice, it's appertained to as public procurement.
Procurement involves every exertion involved in carrying the goods and services a company needs to support its diurnal operations, including sourcing, negotiating terms, copping particulars, entering and examining goods as necessary, and keeping records of all the way in the process. Examples might include raw accouterments, software, services, or products that directly support the production of the products your company sells. circular Procurement Anything not directly related to the product of goods is circular procurement.Learn more about procurement here: https://brainly.com/question/17183208
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a company has total sales revenue of $500,000 for the year. sales discounts, returns, and allowances total $50,000 and the cost of goods sold is $300,000. what is the company's gross profit ratio?
The company's gross profit ratio is 33.33%.
What is a gross profit ratio?A sort of profitability ratio is the gross profit margin ratio, often known as the gross margin. It is useful to calculate the profit generated by a company's sales of goods and services after direct costs are subtracted. Simply put, it is a straightforward indicator to assess the profitability of the business. It is also beneficial to assess how well the business uses its labor force and raw materials during the production process.The cost of products sold is subtracted from the total sales to determine the gross profit in a company's income statement. Only the direct costs of the business are taken into account when calculating the cost of products sold. The direct expenses are erratic because they fluctuate according to the volume of production.The gross profit ratio is calculated as
gross profit ($500,000 − $50,000 − $300,000) divided by net sales ($500,000 − $50,000)*100=33.33%.
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aroon is a plumber who uses the cash method of accounting. this year aroon requested that his clients make their checks payable to his son, feng. this year feng received checks in the amount of $62,000 for aroon's plumbing services. which of the following is a true statement? a) aroon is taxed on $62,000 of plumbing income this year. b) feng is taxed on $62,000 of plumbing income this year. c) feng is taxed on $62,000 of income from gifts received this year. d) aroon may deduct the $62,000 received by feng. e) none of the choices are correct.
The true statement is aroon is taxed on $62,000 of plumbing income this year.
What is plumbing?Any system that transports fluids for a variety of applications is referred to as plumbing. In plumbing, fluids are transported through pipes, valves, plumbing fittings, tanks, and other equipment. Plumbing is used in a variety of applications, including heating and cooling (HVAC), waste removal, and the delivery of potable water. Plumbing infrastructure is essential for sanitation and public health in the developed countries. Despite the fact that they frequently work with piping and occasionally perform some plumbing, boilermakers and pipefitters are not plumbers. Ancient water systems relied on gravity to supply water, using pipes or channels that were typically composed of clay, lead, bamboo, wood, or stone.
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