What best practice will you incorporate in your work as a manager today or in the future? Explain why

Answers

Answer 1

Answer:

A summary of the specific concern is given throughout the corresponding chapter.

Explanation:

Being a manager, my primary priority will be to ensure effective utilization of the evidence including how it could be integrated throughout my decision-making procedure, this will be particularly important in the potential background as well as having a reasonable decision-making perspective of view considering whether we might have prejudices because of our experience.Second, I'd take care of the employees' loyalty across better interaction. As a common practice, this will involve more regular interactions, including input and suggestions as well including the accompanying accountability.I should strive to integrate culture into every initiative every community and every communication activity conducted to ensure that the alignment throughout the mechanism including the culture's nature and cultural identification remains in harmony.I'd emphasize collaboration and build improved partnerships from the very beginning to give themselves a greater standard of innovation and decision-making autonomy such that everyone could better interact with the project's priorities but objectives, and demonstrate more transparency or ownership.

Related Questions

Statement of Cash flows Non-cash Not Reported Investing & on Statement Operating Investing Financing Financing or in Notes Activities Activities Activities A. Declared and paid a cash dividend X B. Recorded depreciation expense X C. Paid cash to settle long-term note payable XD. Prepaid expenses increased in the year X E. Accounts receivable decreased in the year X F. Purchased land by issuing common stock X G. Inventory increased in the year XH. Sold equipment for cash, yielding a loss XI. Accounts payable decreased in the year X J. Income taxes payable increased in the year XIndicate where each item would appear on a statement of cash flows using the indirect method by placing an X in the appropriate column(s).

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Answer and Explanation:

The classification is shown in the attachment. Please find the attachment below:

As we know that

Operating activities refers to the activities in which the changes with respect to the working capital is recorded

Investing activities refers to those activities in which the purchase and sale of long term assets are recorded

And, the last one is financing activity which deals with the stockholder equity account i.e issuance of the stock, cash dividend paid, etc

Formulating Financial Statements from Raw Data
Following is selected financial information from General Mills, Inc., for its fiscal year ended May 29, 2016 ($ millions):
Revenue $16,563.1 Cost of goods sold $10,733.6
Cash from operating
activities 2,629.8 Cash, ending year 763.7
Cash, beginning year 334.2 Total liabilities 16,405.2
Stockholders' equity 5,307.1 Cash from investing a
ctivities 93.4
Non-cash assets 20,948.6 Total expenses (other
than cost of goods sold) 4,092.7
Cash from financing activities (2,293.7)
Cash from financing activites includes the effects of foreign exhange rate fluctuations.
A) Prepare the income statement, the balance sheet, and the statement of cash flows for General Mills for the fiscal year ended May 29, 2016.
General Mills, Inc.
Income Statement ($ millions)
For Year Ended May 29, 2016
Revenue
Cash, ending yearTotal expensesCost of goods soldNon-cash assets
Gross profit
Cash, ending yearTotal expensesCost of goods soldNon-cash assets
Net income
General Mills, Inc.
Balance Sheet ($ millions)
May 29, 2016
Cash Total liabilities
Cash, beginning yearNon-cash assets
Stockholders' equityNet income
Total assets Total liabilities and equity
General Mills, Inc.
Statement of Cash Flows ($ millions)
For Year Ended May 29, 2016
Cash from operating activities
Non-cash assetsNet incomeCash, beginning yearCash from investing activities
Cash from financing activities
Net change in cash
Noncash assetsNet incomeCash, beginning yearCash from investing activities
Cash, ending year
B) Does the negative amount for cash from financing activities concern us? Explain.
1) A negative amount for cash from financing activities implies that the company is unable to pay its debts as they come due and should be interpreted negatively.
2) A negative amount for cash from financing activities is the result of additional borrowings. Because the additional funds are invested in earnings-generating assets, this should be viewed positively.
3) A negative amount for cash from financing activities implies that the market value of the company's long-term debt has declined and this change should be viewed negatively.
4) A negative amount for cash from financing activities reflects the reduction of long-term debt, which is a positive sign of the company’s ability to retire debt obligations.
C) Using the statements prepared for part a. compute the following ratios (for this part only, use the year-end balance instead of the average for assets and stockholders' equity):
i) Profit margin
ii) Asset turnover
iii) Return on assets
iv) Return on equity

Answers

Answer:

General Mills, Inc.

A1: General Mills, Inc.

Income Statement ($ millions)

For Year Ended May 29, 2016

Revenue                          $16,563.1

Cost of goods sold          10,733.6

Gross profit                        5,829.5

Total Expenses                 4,092.7

Net income                      $1,736.8

A2: General Mills, Inc.

Balance Sheet ($ millions)

May 29, 2016

Cash                                    $763.7

Non-cash assets             20,948.6

Total Assets                    $21,712.3

Total liabilities                  16,405.2

Stockholders' equity         5,307.1

Total liabilities & equity  $21,712.3

A3: General Mills, Inc.

Statement of Cash Flows ($ millions)

For Year Ended May 29, 2016

Cash from operating activities    $2,629.8

Cash from investing activities             93.4

Cash from financing activities      (2,293.7)

Net change in cash                        $429.5

Cash, beginning year  334.2

Cash, ending year       763.7        $429.5

B. Negative amount for cash from financing activities:

4) A negative amount for cash from financing activities reflects the reduction of long-term debt, which is a positive sign of the company’s ability to retire debt obligations.

C) Using the statements prepared for part a. compute the following ratios (for this part only, use the year-end balance instead of the average for assets and stockholders' equity):

i) Profit margin

= Net Income/Revenue * 100

= $1,736.8/$16,563.1 * 100

= 10.48%

ii) Asset turnover

= Revenue/Average Assets

= $16,563.1/$21,712.3

= 0.76

iii) Return on assets

= Net Income/Assets * 100

= $1,736.8/$21,712.3 * 100

= 8%

iv) Return on equity

= Net Income/Equity * 100

= $1,736.8/$5,307.1 * 100

= 32.73%

Explanation:

i) Profit margin  is a financial performance measure that shows the amount of revenue that is not spent as cost of goods sold and expenses.

ii) Asset turnover is a financial performance measure that shows how assets have been utilized to generate sales.

iii) Return on assets  is also a financial performance measure that shows the percentage of profits that have been made from the use of the assets for the period.

iv) Return on equity is also a financial performance measure that the percentage of profits when compared with the equity of stockholders.

The Club Auto Parts Company has just recently been organized. It is expected to experience no growth for the next 2 years as it identifies its market and acquires its inventory. However, Club will grow at an annual rate of 5% in the third and fourth years and, beginning with the fifth year, should attain a 10% growth rate which it will sustain thereafter. The last dividend paid was $0.50 per share. Club has a cost of capital of 12%. What should be the present price per share of Club common stock?

Answers

Answer:

need free points sry

Explanation:

Which of the following statements about buying a franchise is most accurate?A) Franchisors are so closely regulated that there is virtually no chance for scams to succeed.B) Before purchasing a franchise, the buyer should carefully evaluate the franchise, the franchisor, his or her own situation, and the nature of the market.C) Franchise agreements are simple to evaluate, since federal law requires that all such agreements must be written in plain English with all fees and terms clearly explained.D) Buying a franchise is the simplest and least expensive way to set up a business, since the franchisor has already worked out all of the details for setting up and running the business.

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Answer: B. Before purchasing a franchise, the buyer should carefully evaluate the franchise, the franchisor, his or her own situation, and the nature of the market

Explanation:

A franchise is a method that has to do with the distribution of products or services which involves a franchisor, and a franchisee. A franchisee pays a royalty an initial fee in order to do business using the name of the franchisor.

Before purchasing a franchise, the buyer should carefully evaluate the franchise, the franchisor, his or her own situation, and the nature of the market.

You've been tasked with creating native advertising for your employer. Your job will most likely entail:

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Answer:

Explanation:

Based on this main focus it seems that your job role in the company is Advertising Manager. That being the case your job will entail handling all of the company's advertising activities as well as guiding the staff members in order to develop creative and consistent advertising campaigns that are brand specific to the company in many different mediums. This is all done with the main goal of making as many people aware of the company and its products and hopefully drive up sales.

A _____, identified by Michael Porter, helps organizations make their products and services distinct from their competitors.

Answers

Answer:

differentiation strategy

Explanation:

Differentiation of goods is the process by which a producer makes his goods different from that of competitors in a bid to attract customers and increase sales.

For example, a firm in the beauty industry can differentiate itself from other firms  in the industry by claiming to make it products using only organic ingredients. This would attract customers because it would indicate that the company's product is more healthy

You have $130,000 to invest in a portfolio containing Stock X and Stock Y. Your goal is to create a portfolio that has an expected return of 14.6 percent. Stock X has an expected return of 12.8 percent and a beta of 1.30, and Stock Y has an expected return of 7.8 percent and a beta of 1.05. a. How much money will you invest in Stock Y? (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.) b. What is the beta of your portfolio? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.)

Answers

Answer:

Let X be the amount invested in stock A

Let 1-X be the amount invested in stock B

Expected rate = (Required rate of X* X) + (Required ratebof Y * (1-X))

0.146 = (0.128 * X) + (0.078 * (1-X))

0.146 = 0.128X + 0.078 -  0.078X

0.146 - 0.078 = 0.128X - 0.078X

X = 0.068/0.05

X = 1.36

Amount to be invested in Stick X = $130,000 * 1.36

= $176,000

Amount to be invested in Stock Y = (1-X) * Available amount

= (1-1.36) * $130,000

= $46,800

Therefore, the amount to be invested in Stick Y = -$46,800

Calculation of the portfolio beta

bp = w1b1 + w2b2 + ........ + wnbn

bp = (1.36*1.3) + ((-0.36) * 1.05)

bp = 1.768 - 0.378

bp = 1.29

Therefore, the portfolio beta is 1.39

The company has a target net income of $206,000. What is the required sales in dollars for the company to meet its target?

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Complete Question:

Blue Spruce Corporation has collected the following information after its first year of sales. Sales were $1,600,000 on 100,000 units, selling expenses $240,000 (40% variable and 60% fixed), direct materials $514,000, direct labor $270,800, administrative expenses $280,000 (20% variable and 80% fixed), and manufacturing overhead $376,000 (70% variable and 30% fixed). Top management has asked you to do a CVP analysis so that it can make plans for the coming year. It has projected that unit sales will increase by 10% next year.

Requirement:

The company has a target net income of $206,000. What is the required sales in dollars for the company to meet its target?

Answer:

$2,747,200

Explanation:

We can calculate the target sales by using the following following formula:

Target Sales = (Fixed Cost + Target Net Income) / Contribution to Sales Ratio (Step1)

Here

Target Net Income is $206,000

Fixed Cost includes 60% of selling expenses $240,000 (100%), 80% of administrative expenses $280,000 (100%) and 30% of manufacturing overhead $376,000 (100%).

This means that:

Total Fixed Cost = 60% * $240,000    +   80% * $280,000    +   30% * $376,000

Fixed Cost = $144,000  +   $224,000   +   $112,800

Fixed Cost = $480,800

Contribution to Sales ration is 25%

By putting values in the above equation, we have:

Target Sales = ($480,800 + $206,000) / 25%   = $2,747,200

Step1: Find Contribution to Sales Ratio

As we know that:

Contribution to Sales Ratio = (Selling Price per Unit (Step2)   -   Variable Cost per Unit (Step3)  ) / Selling Price per Unit

Here

Selling Price per unit is $16 per Unit

Variable Cost per Unit is $12 per Unit

Contribution Sales Ratio is 25%

By putting values, we have:

Contribution Sales Ratio = ($16 per Unit -  $12 per Unit) / $16 per Unit

Contribution Sales Ratio = 25%

Step2: Find Selling Price Per Unit

Selling price per unit = Total sales / Total units = $1,600,000 / 100,000 Units

Selling price per unit = $16 per Unit

Step3: Find Variable Cost per unit

Here, the first thing that we would compute will be total variable cost and then we will calculate variable cost per unit.

Here

Total Variable Cost = (Selling expenses $240,000 * 40%)    + (Direct Material Cost $514,000)     +    (Direct Labor Cost of $270,800)    +    (Administrative expenses of $280,000 * 20%)    +   (Manufacturing overhead $376,000 * 70%)

Total Variable Cost = ($240,000 * 40%)  +  ($514,000)  +  ($270,800)    +    ($280,000 * 20%)    +   ($376,000 * 70%)

= $96,000 + $514,000  +  $270,800  +  $56,000  +  $263,200

Total Variable Cost = $1,200,000 for 100,000 Units

Variable Cost For single unit = $1,200,000 / 100,000 Units

Variable Cost per Unit = $12 per Unit

Task 1: At December 31, 2019, House Co. reported the following information on its balance sheet. Accounts receivable $960,000 Less: Allowance for doubtful accounts 80,000 During 2020, the company had the following transactions related to receivables: Sales on account $3,700,000 Sales returns and allowances 50,000 Collections of accounts receivable 2,810,000 Write-off s of accounts receivable deemed uncollectible 90,000 Recovery of bad debts previously written off as uncollectible 29,000 Instructions Prepare the journal entries to record each of these fi ve transactions. Assume that no cash discounts were taken on the collections of accounts receivable. Enter the January 1, 2020, balances in Accounts Receivable and Allowance for Doubtful Accounts, post the entries to the two accounts (use T-accounts), and determine the balances. Prepare the journal entry to record bad debt expense for 2020, assuming that an aging of accounts receivable indicates that expected bad debts are $115,000. Compute the accounts receivable turnover for 2020 assuming the expected bad debt information provided in c. Task II: Suppose the amounts presented here are basic financial information (in millions) from the 2020 annual reports of Nike and adidas. Nike adidas Sales revenue $19,176.1 $10,381 Allowance for doubtful accounts, beginning 78.4 119 Allowance for doubtful accounts, ending 110.8 124 Accounts receivable balance (gross), beginning 2,873.7 1,743 Accounts receivable balance (gross), ending 2,994.7 1,553 Instructions: Calculate the accounts receivable turnover and average collection period for both companies. Comment on the difference in their collection experiences

Answers

Answer

The answer is 22

Explanation:

because its so mad

An office supply store open 5 days a week must determine the best inventory policy for boxes of copier paper. Weekly demand is nearly constant at 250 boxes and when orders are placed, then entire shipment arrives at once. The cost per box is $22 and the inventory holding cost is 30%. Orders are placed at a cost of $40 each, including preparation time and communication charges, and the lead time is 2 days. a. Find the optimal order quantity. b. What is the reorder point

Answers

Answer:

a. 295 boxes

b. 100 boxes

Explanation:

The level at which ordering and storage costs are at minimal is known as the optimal order quantity.

optimal order quantity = √(2×Annual Demand×Ordering Cost per Order) / Holding Cost per unit

Therefore,

optimal order quantity = √((2×250×52×$22) / ($22 × 30%))

                                     = 294.39 or 295 boxes

Reorder point is the point at which the order should be placed to obtain additional inventories.

Reorder Point = Lead Time × Usage during the lead time

Therefore,

Reorder Point = 2 days × (250 boxes ÷ 5 days)

                       = 100 boxes

The optimal order quantity is 295 boxes and the reorder point is 100 boxes.

From the information given, the optimal order quantity will be:

= √(2 × Annual Demand × Ordering Cost per Order) / Holding Cost per unit

= √[(2×250×52×$22) / ($22 × 30%)]

= 295 boxes

The Reorder Point will be calculated thus:

= Lead Time × Usage during the lead time

= 2 days × (250 boxes  / 5 days)

= 100

Read related link on:

https://brainly.com/question/22044395

The elements of job design involve:______.
a. task analysis
b. worker analysis
c. environmental analysis
d. all of the above

Answers

Answer:

a task analysis

Explanation:

Task analysis is the process of learning about ordinary users by observing

them in action to understand in detail how they perform their tasks and

achieve their intended goals.

I believe The answer is D it’s make since to have them

Streamlining the corporate e-procurement process within the organization’s supply chain helps control costs in all of the following ways except _________. Select one: a. reduces the number of employees needed to process purchasing b. reduces the procurement cycle time to order and receive items c. empowers suppliers to negotiate terms of service d. empowers an organization’s staff with product information needed to make intelligent decisions when procuring items

Answers

Answer: c. empowers suppliers to negotiate terms of service

Explanation

Streamlining the corporate e-procurement process within the organization’s supply chain helps control costs in all of the following ways except empowers suppliers to negotiate terms of service

Streamlining of business processes helps in increasing the organization's efficiency through the simplification of tasks, by reducing wastes and passing unnecessary steps.

Quentin's December 31, 2013, inventory T-account debit balance was $56,000. During 2014, its inventory purchases amounted to $25,000, and there were no inventory-related write-downs or losses. What was Quentin's 2014 cost of goods sold expense?
Quentin Company
Balance Sheet as of December 31,2014
Assets Liabilities
Current Assets Current Liabilities
Cash $42,000 Accounts payable 30,000
Inventory $36,000 Short-term debt 42,000
Prepaid expense 12.000 Total current liabilities 72,000
Total current assets90,000
Non-current Liabilities
Bond payable 34,000
Plant and equipment
(net) 56,000 Owner's Equity
Patent (net) 24,000 Common stock 20,000
Total Assets $170,000 Retained earnings 44,000
Total Liabilities and
Owners Equity $170.D00
a. $5,000.
b. $67,000.
c. $20,000.
d. $45,000.

Answers

Answer:

Quentin's 2014 cost of goods sold expense is d. $45,000

Explanation:

Cost of Sales is a line item that is found in the trading account and can be determined as follows :

Cost of Sales Calculation

Opening Inventory            $56,000

Add Purchases                  $25,000

Less Closing Stock          ($36,000)

Cost of Goods Sold          $45,000

suppose the real rate is 1.9 percent and the inflation rate is 3.1 percent. what rate would you expect to see on a treasury bill?

Answers

Answer:

12.48%

Explanation:

The real rate is 1.9%

= 1.9/100

= 0.019

The inflation rate is 3.1%

= 3.1/100

= 0.031

Therefore the rate on the treasury bill can be calculated as follows

= (1+0.031)(1+0.019)-1

= (1.031×1.019)-1

= 1.1248-1

= 0.1248×100

= 12.48%

Hence the rate that is expected to be seen on the treasury bill is 12.48%

What is business analytics defined?

Answers

Answer:

Business analytics is the process of collating, sorting, processing, and studying business data, and using statistical models and iterative methodologies to transform data into business insights. The goal of business analytics is to determine which datasets are useful and how they can be leveraged to solve problems and increase efficiency, productivity, and revenue.

Explanation:

The work within one state of a team's Kanban board is being completed at varying times, sometimes running faster and sometimes slower than the next state. What could resolve this issue

Answers

Answer:

A buffer state should be put in place between the two states to resolve this issue

Explanation:

A buffer would function such that when it is fast it won't be use but when it is slow a big portion of it is engaged or used balance the time

A registered representative completes the firm's standard options worksheet for a customer to illustrate the potential profits and risks of a covered call writing strategy. At or prior to sending the worksheet to the customer, which statement is true?

Answers

Answer:

Explanation:

The customer must receive the latest Option Disclosure Document. Prior to the first use, the option worksheet must have been approved by the firm's designated Registered Option Principal

The option disclosure document (ODD) is a publication issued by the Options Clearing Corporation (OCC) that serves as an important guide for options traders. The detailed document, formally titled Characteristics & Risks of Standardized Options, is extremely necessary for beginner options traders.

tock has had returns of 16 percent, 23 percent, 15 percent, −11 percent, 30 percent, and −5 percent over the last six years. What are the arithmetic and geometric average returns for the stock?

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Answer:    arithmetic Average Return =11.33%

                  Geometric Average Return=10.33%

Explanation:

Returns per year

Year 1      16%

year 2       23%

year 3       15

year 4      -11%  

year 5     30 %

year 6      -5%

Total =    68%

Arithmetic Average = Total returns 0f ( year 1 -6) / number of years

= 68%/6 =11.33%

Geometric Average Return  is given as

= ((1 + R1) × (1 + R2) × ... × (1 +Rn))(1/n) - 1

((1 + 16%) × (1 + (23%)) × (1 + 15%) x (1+ -11%) x (1+30%)  x (1+ -5%))^1/6 - 1

((1.16 x 1.23 x 1.15 x 0.89 x 1.30  x (0.95)) ^1/6

((1.16 x 1.23 x 1.15 x 0.89 x 1.30   x 0.95)) ^1/6 -1

(1.8035073 )^1/6  - 1

= 1.10328 -1 = 0.10328 x 100 = 10.328%   =10.33%

James sells blank aluminum cans for soda manufacturers to fill and label. James would be classified as a(n):

Answers

Answer: E. industrial products salesperson.

Explanation:

Blank aluminium is used in the production of many goods such as cars and planes and as such is yet to be converted for final use for the consumer which makes it an industrial good to be sold to industries.

James as a sales person for blank aluminium will therefore qualify as an industrial products salesperson.

Suppose a stock had an initial price of $56 per share, paid a dividend of $1.60 per share during the year, and had an ending share price of $66. What was the dividend yield and the capital gains yield?

Answers

Answer:

Dividend yield= 2.85%

Capital gain yield= 17.85%

Explanation:

A stock has an initial price of $56 per share

The dividend paid is $1.60 per share.

The ending share price is $66

The dividend yield can be calculated as follows

= $1.60/56

= 0.0285

= 2.85%

The capital gain yield can be calculated as follows

= $66-$56/$56

= $10/$56

= 0.1785

= 17.85%

The management of Heider Corporation is considering dropping product J14V. Data from the company's accounting system appear below:

Sales: $980,000
Variable expenses: $394,000
Fixed manufacturing expenses: $376,000
Fixed selling and administrative expenses : $256,000

In the company's accounting system all fixed expenses of the company are fully allocated to products. Further investigation has revealed that $245,000 of the fixed manufacturing expenses and $206,000 of the fixed selling and administrative expenses are avoidable if product J14V is discontinued. What would be the effect on the company's overall net operating income if product J14V were dropped?

Answers

Answer:

Overall net operating income would decrease by $135,000

Explanation:

Calculation for What would be the effect on the company's overall net operating income if product J14V were dropped

Keep J14V Drop J14VDifference

Sales$980,000 $ 0 $(980,000)

Variable expenses

$394,000 $0 $394,000

Contribution margin

$586,000 $0 $(586,000)

Fixed expenses:

Fixed manufacturingexpenses

$376,000 $131,000 $245,000

($376,000-$245,000=$131,000)

Fixed selling and administrative expenses

$256,000 $50,000 $206,000

($256,000-$206,000=$50,000)

Net operating income(loss)

$(46,000) $(181,000) $(135,000)

Net operating income would decline by $135,000

Therefore the Overall net operating income would decrease by $135,000.

Suppose that the Federal Reserve wants to target a higher interest rate, the Federal Reserve would then:

Answers

Answer:

if the FED wants to increase interest rates, it will generally engage in a contractionary monetary policy. This means that it will decrease the money supply in the economy. A contractionary monetary policy takes place when the FED starts to sell US securities and that way it will take away money from the economy. But in order to make more people want to purchase the securities, it will generally increase the interest rates.

Explanation:

Carter Motor Company, claims that its new sedan, the Libra, will average better than 23 miles per gallon in the city. Assuming that a hypothesis test of the claim has been conducted and that the conclusion is to reject the null hypothesis, state the conclusion:__________.
a. There is sufficient evidence to support the claim that the mean is less than 23 miles per gallon.
b. There is not sufficient evidence to support the claim that the mean is less than 23 miles per gallon.
c. There is sufficient evidence to support the claim that the mean is greater than 23 miles per gallon.
d. There is not sufficient evidence to support the claim that the mean is greater than 23 miles per gallon.

Answers

Answer: c. There is sufficient evidence to support the claim that the mean is greater than 23 miles per gallon.

Explanation:

When doing a research, there are 2 Hypothesis one must come up with which are the Null Hypothesis and the Alternative hypothesis.

The Null Hypothesis should state that there is no relationship between the variables which in this case would mean that new sedan, the Libra, will not average better than 23 miles per gallon in the city.

The Alternative Hypothesis on the other hand affirms the belief of the researcher which in this case is that new sedan, the Libra, will average better than 23 miles per gallon in the city.

As the null hypothesis was rejected by the evidence, it means that indeed the Libra mean is greater than 23 miles per gallon.

A negative cash flow to owners indicates that a firm has ________. Question 3 options: borrowed more money. sold additional shares of stock. incurred net losses and is facing financial distress. issued dividends while maintaining a constant number of outstanding shares of stock

Answers

Answer: Issued dividends while maintaining a constant number of outstanding shares of stock

Explanation:

A negative cashflow is meant to indicate that cash has left the company. If this is in relation to the owners then it either means that the company has repurchased shares or paid out dividends.

From the options, the correct answer would be that the company issued dividends while maintaining a constant number of outstanding shares of stock. This would be reflected in the Financing section of the Cashflow statement.

Gelb Company currently manufactures 42,000 units per year of a key component for its manufacturing process. Variable costs are $6.25 per unit, fixed costs related to making this component are $87,000 per year, and allocated fixed costs are $84,500 per year. The allocated fixed costs are unavoidable whether the company makes or buys this component. The company is considering buying this component from a supplier for $3.70 per unit. Calculate the total incremental cost of making 42,000 units and buying 42,000 units. Should it continue to manufacture the component, or should it buy this component from the outside supplier?

Answers

Answer:

It is more convenient to buy the component.

Explanation:

Giving the following information:

Production costs:

Variable costs are $6.25 per unit

fixed costs related to making this component are $87,000 per year

The company is considering buying this component from a supplier for $3.70 per unit.

We will take into account only the avoidable costs.

Make in-house:

Total cost= 6.25*42,000 + 87,000= $349,500

Buy:

Total cost= 42,000*3.7= $155,400

It is more convenient to buy the component.

The selling and administrative expense budget of Gullette Corporation is based on the number of units sold, which are budgeted to be 3,700 units in April. The variable selling and administrative expense is $4.80 per unit. The budgeted fixed selling and administrative expense is $30,180 per month, which includes depreciation of $3,450. The remainder of the fixed selling and administrative expense represents current cash flows.Required:Prepare the selling and administrative expense budget for April.AprilBudgeted unit sales Variable selling and administrative expense per unit Variable selling and administrative expense Fixed selling and administrative expense Total selling and administrative expense Cash disbursements for selling and administrative expenses

Answers

Answer:

Gullette Corporation

Gullette Corporation

Selling and administrative expense budget for April:

April Budgeted unit sales = 3,700

Variable selling and administrative expense per unit = $4.80

Variable selling and administrative expense = $17,760

Fixed selling and administrative expense =     $30,180

Total selling and administrative expense =     $47,940

Less Depreciation expense =                           ($3,450)

Cash disbursements for selling and

  administrative expenses                               $44,490

Explanation:

Data:

Budgeted units sales = 3,700

Variable selling and administrative expense = $4.80 per unit

Budgeted fixed selling and administrative expense = $30,180 per month

Depreciation in fixed expense = $3,450

Gullette Corporation

Selling and administrative expense budget for April:

April Budgeted unit sales = 3,700

Variable selling and administrative expense per unit = $4.80

Variable selling and administrative expense = $17,760

Fixed selling and administrative expense =     $30,180

Total selling and administrative expense =     $47,940

Less Depreciation expense =                           ($3,450)

Cash disbursements for selling and

  administrative expenses                               $44,490

b) Under the budgetary process, Gullette Corporation prepares its selling and administrative expense budget to include the variable and fixed elements.  The variable element of Gullette's selling and administrative expenses varies per unit with the volume of sales, while the fixed element remains relatively constant in total.  The total cash disbursements for selling and administrative expenses do not include depreciation.

"Differences in income inequality between countries of similar income levels can primarily be attributed to:"

Answers

Answer:

skills biased technical change

Explanation:

the options were missing, so I looked for them:

Skills biased technical change takes place when skilled workers are favored over unskilled ones. This happens because the country's productive system requires a lot of skilled workers.

Income inequality is not generally the result of how intelligent a society or a person is, but instead where they are or where you were born. Humans have the capability of learning and prospering, but no one can do it all by themselves.

For example, rich countries that base their economies on exporting raw materials like Qatar have a very high GDP per capita ($69,688), but around 70% of the country's wealth is held by 10% of the population. Actually, the remaining 90% can be considered poor and live under very bad conditions. But Qatar's economy is based solely on exporting oil, it barely produces anything else.

The bond has a coupon rate of 6.11 percent, it makes semiannual payments, and there are 2 months to the next coupon payment. A clean price of $977 and the par value is $1,000. What is the invoice price?

Answers

Answer:

$997.37

Explanation:

For computing the invoice price first we have to determine the accrued interest which is shown below:

Accrued interest is

= Par value × coupon rate × remaining months ÷ total months

= $1,000 × 6.11% × 4 months ÷ 12 months

= $20.37

Now

Invoice price is

= Clean price + Accrued interest

= $977 + $20.37

= $997.37

the retained earnings account has a credit balance what is the correct closing entry for the expense accounts

Answers

Answer: A. Debit Income Summary $41,300; credit Expense accounts $41,300.

Explanation:

The Income summary account allows for closing entries to be done related to the company income. Revenue is to be credited to the account so that it increases at the end of the period.

Expenses are to be debited to reflect that they are reducing the balance on the Income summary account and should be credited to the expenses account to show that the expenses are being transferred from the expense account to the income summary account.

Bonds that mature at more than one date with the result that the principal amount is repaid over a number of periods are known as:

Answers

Answer: serial bond

Explanation:

Serial bonds are bonds that mature at more than one date with the result that the principal amount is repaid over a number of periods.

A serial bond is a bond that has been structured in such a way that portions of the bonds will have to mature at regular intervals until the moment that the bonds have all matured.

Due to the fact that the bonds have to mature gradually with time for certain years, the bonds are typically used to finance projects.

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