Answer:
To revoke an offer, Mr. Y can communicate to Mr. X that he no longer wishes to proceed with the sale of mangoes at the agreed upon price of Tk8500 per ton. This can be done through various means of communication, such as in person, over the phone, or in writing.
It is important to note that an offer can only be revoked before it has been accepted. Once an acceptance has been communicated, the offer is considered to be binding and cannot be revoked. Therefore, it is essential that Mr. Y communicates his revocation of the offer before Mr. X has accepted it.
It is also worth noting that an offer can be terminated or become void in certain circumstances, even if it has not yet been accepted. For example, if the offer specifies a time limit for acceptance and that time limit expires, the offer is no longer valid. Similarly, if the subject matter of the offer is destroyed or becomes unavailable, the offer may also be terminated.
Explanation:
Select the correct answer from each drop-down menu.
What is a business?
A business is a commercial ____ engaging in industrial or professional activities undertaken by an individual or a group to earn ____.
Answer:
A business is a commercial enterprise engaging in industrial or professional activities undertaken by an individual or a group to earn profits.
Explanation:
Enterprise - Enterprise refers to a for-profit business started and run by an entrepreneur. And we will often say that people running such businesses are enterprising.
Profits - A financial gain, especially the difference between the amount earned and spent in buying, operating, or producing in the business.
A business is an enterprise that an entrepreneur runs to earn profits by buying, selling, and operating in the industry.
3. Discuss clearly each authors/contributors theories/principles/assumptions.
Authors are writers of a book or piece or writing.
Contributors give money or some form of wealth to a cause they are contributing to.
Theories are not considered facts but are based off of thoughts.
Principals are like guidelines to doing something in a better or good way. Assumptions are thinking that something is a certain way even though you may not have any evidence to support that.
What is functionalism social stability?Functionalism social stability has been known as the key to have a strong society, and adequate socialization and social integration are necessary to achieve social stability. Conflict theory society is full of pervasive inequality based on social class, gender, and other factors.
The theory, functional theory for instance, can be used to understand it by knowing that Society’s social institutions perform important functions to help ensure social stability. The essence of such show is to bring about social stability
Conflict theory can help understand that far-reaching social change is needed to reduce or eliminate social inequality and to create an egalitarian society while functional theory is used to understand the show for social stability, the other theory, conflict theory, us used to bring about social equality.
Therefore, Authors are writers of a book or piece or writing.
Contributors give money or some form of wealth to a cause they are contributing to.
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Comprehensive Problem- Chapter 4 Bas Baladi for the marketing of cooperative agricultural products is a company based in Ramallah. It operates two separate major divisions: Organic Food division, and Beverage division. On December 31, 2021, Bas Baladi had $327,000 operating Income. Required: a) Based on the below information (A-G). Use the following format to prepare the statement of comprehensive income. (Assume the tax rate is 20%) Note: Some of the items provided will not affect the statement of comprehensive income. A During 2021, the entity discovered that there's an error in the calculation of pension expense for 2020. The error overstated income before tax by $17,000. B Flood in Ramallah's farmland caused the company a loss of $11,000. They received insurance coverage of $6,500. Assume floods are common in Ramallah. C Bas Baladi decided to dispose of the Beverage division at the beginning of 2021. The Beverage division recognized a loss from operations of $150,000 before tax for the year ended 31 December 2021. The division was sold for $1,000,000, while the carrying value of the division's assets was $900,000. D In 2020 Bas Baladi purchased 10,000 shares of Padico stock at $1.2 per share. The stocks were categorized as a trading security. During 2021, the company received cash dividends of $0.05 per share. E Until 2021, the company has used weighted average, and on January 1, 2021. It has decided to switch to FIFO. The cumulative effect of this change is $60,000 before tax. F. The company suffered a $10,000 loss before tax from foreign currency translation of its subsidiary's financial statements. G Minority interest in net income amounted to $22,480.
Answer:
Explanation:
Statement of Comprehensive Income
For the year ended December 31, 2021
Net income:
Operating income $327,000
Adjustment for error in pension expense (17,000)
Loss from flood (4,500)
Loss from disposal of Beverage division (150,000)
Gain from sale of Beverage division 100,000
Cumulative effect of change in accounting principle (60,000)
Loss from foreign currency translation (10,000)
Total comprehensive income $131,000
Tax Expense (20%* $131,000) $26,200
Net income after tax $104,800
Minority interest in net income $22,480
Net income attributable to owners $82,320
Note:
-A: Error in pension expense, overstated income before tax by $17,000
-B: Flood in Ramallah caused a loss of $11,000, Insurance coverage received $6,500
-C: Beverage division recognized a loss from operations of $150,000 before tax, The division was sold for $1,000,000, Carrying value of the division's assets was $900,000
-D: Purchased 10,000 shares of Padico stock at $1.2 per share, classified as trading security, received cash dividends of $0.05 per share
-E: Change in accounting principle from weighted average to FIFO, cumulative effect $60,000 before tax
-F: Loss from foreign currency translation of subsidiary's financial statements $10,000
-G: Minority interest in net income $22,480
It's worth noting that the above statement is showing the comprehensive income, which is an important way of presenting the financial results of a company, as it includes all the transactions and events, whether or not they are included in the company's net income, or whether or not they are reported in the company's statement of financial position.
Question
You are International Business Manager at a UK based company. Your company has identified USA and Europe as potential markets and wish to expand asap and plans a full-scale expansion. You are requested to analyse both projects and advise.
In considering such large project, you must work out the risk of each project, cost of capital and NPV. Allocate discount rate for each project according to current international business climate and justify why you allocated the discount rate for each region. Discuss how you aim to manage international risks.
Projected cash flows in respective currencies:
Year Net Cash Flow – USA USD Net Cash Flow - Europe EUR
0 -20 million -20 million
1 2 million 2 million
2 4 million 3 million
3 5 million 4 million
4 6 million 8 million
5 8 million 8 million
Instructions:
a. Briefly discuss viability of both projects in today’s global business context. Based on your discussion allocate and justify discount rate for both projects. (30 Marks)
b. How much investment (GBP) is needed for each project and what is the NPV of each project? Use spot and forward exchange rates to discuss. (30 Marks)
c. Considering current world economic climate, the future exchange rates are uncertain. How would you analyse/anticipate the change in exchange rates? Write a brief proposal to mitigate impact of possible exchange rate fluctuations (30 Marks)
d. Discuss your calculations and advise which project should be selected. (10 Marks)
(Total up to 1000 words + calculations = 1500 Words)
Answer:
a. Viability of both projects in today’s global business context:
In order to determine the viability of expanding into the USA and Europe, it is important to consider the current global business context. One factor to consider is the economic climate in each region. If the economy is strong and growing, it may be a good time to expand as there may be more demand for the company's products or services. On the other hand, if the economy is struggling or in a downturn, it may be more risky to expand as there may be less demand for the company's products or services.
Another factor to consider is the competitive landscape in each region. If the market is already saturated with similar products or services, it may be more difficult for the company to break into the market and achieve success. On the other hand, if there is less competition or a gap in the market, the company may have a better chance of success.
Based on the projected cash flows for each region, it appears that both the USA and Europe could be viable markets for the company to expand into. The projected cash flows for both regions show steady growth over the next five years, indicating potential demand for the company's products or services. However, without further information on the economic and competitive landscape in each region, it is difficult to fully assess the viability of each project.
In terms of allocating a discount rate for each project, the discount rate is used to determine the present value of the projected cash flows. A higher discount rate indicates a higher level of risk, and therefore a lower present value of the projected cash flows. A lower discount rate indicates a lower level of risk, and therefore a higher present value of the projected cash flows.
Given the information provided, it is difficult to determine the specific discount rate that should be applied to each project. However, some factors to consider in allocating the discount rate for each region could include the economic climate, the level of competition, and any specific risks associated with expanding into each region. For example, if the economic climate in the USA is stronger than in Europe, or if there is less competition in the USA, the discount rate for the USA expansion project may be lower than the discount rate for the Europe expansion project.
b. Investment and NPV of each project:
To determine the investment needed for each project, we need to first convert the projected cash flows for each region into GBP using the current spot exchange rate. We can then use these converted cash flows to calculate the NPV of each project using the allocated discount rate.
Assuming the current spot exchange rate for USD to GBP is 0.78, and the current spot exchange rate for EUR to GBP is 0.87, the projected cash flows for each region in GBP would be as follows:
Year Net Cash Flow - USA (GBP) Net Cash Flow - Europe (GBP)
0 -15.6 million -17.4 million
1 1.6 million 1.7 million
2 3.2 million 2.6 million
3 4.0 million 3.5 million
4 4.8 million 6.9 million
5 6.4 million 6.9 million
To calculate the NPV of each project, we need to allocate a discount rate for each region. As mentioned previously, the specific discount rate will depend on the economic and competitive landscape in each region, as well as any specific risks associated with expanding into each region.
For the purposes of this analysis, let's assume a discount rate of 8% for the USA expansion project and 10% for the Europe expansion project. Using these discount rates, the NPV of each project would be as follows:
The current global business environment must be taken into account when evaluating whether expanding into the USA and Europe will be profitable.
What is discount rate ?The state of each region's economy should be taken into account. If the economy is robust and expanding, it might be a good idea to grow because there might be higher demand for the firm's goods or services. On the other hand, if the economy is struggling or going through a downturn, expanding your business could be riskier because there might be less of a market for your company's goods or services.
The level of competition in each region is another thing to take into account. It could be more challenging for the business to succeed if the market is already saturated with comparable goods or services.enter the market and succeed. On the other hand, the company may have a better chance of success if there is less competition or a gap in the market.
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A promissory note can best be described as __________., a. an interest-bearing IOU, b. a guarantee of a line of credit, c. a commitment to lend money to someone, d. a government-backed bond
Those are your only choices
Answer:
A. An interest-bearing IOU
Explanation:
(a) List the main functions of CU and ALU. [4]
(b) Write the logical steps taken by a computer system along with the roles of
its main units in each step while transforming input data to useful
information.
Answer:Controlling and arithematic operations
Explanation:
a) The main functions of the Control Unit (CU) and Arithmetic and Logic Unit (ALU) in a computer are:
Control Unit: The CU is responsible for controlling the overall operation of the computer. It fetches instructions from memory, decodes them, and then activates the necessary circuits to execute the instructions.
Arithmetic and Logic Unit: The ALU is the part of the computer that performs arithmetic and logical operations. It can add, subtract, multiply, and divide numbers, as well as perform logical operations such as AND, OR, and NOT.
b) Here are the logical steps taken by a computer system, along with the roles of its main units, in transforming input data to useful information:
Input: The input data is entered into the computer through some type of input device, such as a keyboard or a scanner.
Storage: The input data is stored in the computer's memory (e.g., RAM or hard drive) for processing.
Processing: The Control Unit fetches instructions from memory and decodes them. It then activates the necessary circuits in the Arithmetic and Logic Unit to perform the required operations on the input data.
Output: The processed data is sent to some type of output device, such as a display or printer, for presentation to the user.
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An annual report should be shared
with all
A. citizens
B. owners
C. lawyers
a. At the beginning of the year, Addison Company's assets are $176,000 and its equity is $132,000. During the year, assets
increase $80,000 and liabilities increase $59,000. What is the equity at year-end?
b. Office Store Company has assets equal to $224,000 and liabilities equal to $194,000 at year-end. What is the equity for
Office Store Company at year-end?
c. At the beginning of the year, Quaker Company's liabilities equal $69,000. During the year, assets increase by $60,000,
and at year-end assets equal $190,000. Liabilities decrease $18,000 during the year. What are the beginning and ending
amounts of equity?
At the beginning of the year, Addison Company's assets will be:
a. The equity at year-end will be $197,000.
b. The equity for Office Store Company at year-end will be $30,000.
c. The beginning and ending amounts of equity will be $103
What is assets?
Assets are items of value owned by an individual or an organization. Assets are divided into two categories: tangible and intangible. Tangible assets are physical in nature, such as cash, land, buildings, equipment, inventory, and investments. Intangible assets are non-physical, such as intellectual property, goodwill, copyrights, and trademarks. Assets can be used to measure the value of a business and its performance.
a. Equity at year-end = $176,000 + $80,000 - $59,000 = $197,000
b. Equity for Office Store Company at year-end = $224,000 - $194,000 = $30,000
c. Beginning equity = $69,000; Ending equity = $190,000 - $69,000 - $18,000 = $103
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What is usually the best way to display date if you have more than 10 results? a. bar graph, b. pie chart, c. line graph, d. none of the above
The best way to display data if you have more than 10 results is usually a bar graph (a).
A bar graph is a chart that uses horizontal or vertical bars to show comparisons among categories. It is a useful tool for visualizing data and comparing values across different categories.
For example, if you have data on the number of people who prefer different types of music, you could use a bar graph to show the relative popularity of each type of music. The bars in the graph would represent the number of people who prefer each type of music, and the height of the bars would correspond to the number of people.
Bar graphs are effective for displaying data when you have more than 10 results because they allow you to easily compare the values of different categories at a glance. They are also easy to read and understand, making them a popular choice for presenting data.
Option b, pie chart, is not usually the best way to display data if you have more than 10 results because pie charts can become cluttered and difficult to read when there are too many slices.
Option c, line graph, is not usually the best choice for displaying data with more than 10 results because line graphs are better suited for showing trends over time rather than comparing values across different categories.
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“Every agreement and promise enforceable at law are a contract”
There are different types of Contracts based on enforceability, formation, and performance. Explain all the types with examples.
Answer:
Explanation:
Contract:- A contract is an agreement between two or more parties. It is a written or legal agreement.
Thus for the formation of a contract, there must be-
a) an agreement
b) the agreement should be enforceable by law
All agreements are not enforceable by law and therefore, all agreements are not contracts. Some agreements are not enforceable by law.
Classification of Contracts
According to validity
Valid Contract
Illegal Contract
Void Contracts
Unenforceable Contract
According to Formation
Expressive Contract
Implied Contract
Quasi Contract
E-Contract
According to Performance
Executed Contract
Executory Contract
Unilateral Contract
Bilateral Contract
Valid Contract - Enforceable by a court of law
Void Contract - Not enforceable by a court of law
Illegal Contract - Void and forbidden by law
Unenforceable contract - Not enforceable by a court of law due to some technical error in the contract.
Express Contract - The contract is expressed through words whether oral or written
Implied Contract - When a contract is created by action or implication of law
Quasi Contract - The contract is expressed through words whether oral or written
E- contract - The contract is expressed through words whether oral or written.
Executed Contract - Performance did on part of all parties
Executory Contract - Performance is pending by one or more parties
Bilateral Contract - Performance is pending by both parties
Unilateral Contract - Performance is pending by one party
→
QUESTION 3 of 10: Which of the following demonstrate your restaurant's concept?
The thing that demonstrate your restaurant's concept is a) your food.
What is restaurant concept ?A restaurant is a place of business that prepares and provides customers with food and beverages. Although many restaurants also provide take-out and food delivery services, meals are often served and consumed on the premises. Within the hospitality industry, which is a subset of the larger service industry, restaurants, bars, and other similar enterprises typically belong under the "food and drink" category.
The topic that characterizes your restaurant serves as your restaurant concept. Restaurant themes describe the overarching theme or philosophy that underpins a restaurant's menu, service method, and musical selection.
Therefore, option A is correct.
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missing options:
a) Your food b) Your staff c) Your presentation d) All of the above. d) All of the above.
What is the term for selling related products?
Answer:
cross-sell..........
Choose 2 multinational companies (1 U.S.-based company + 1 foreign-based company).
Visit the websites of the 2 companies and conduct research using databases such as Business and Company ASAP and Business
Source Complete.
How do these 2 multinational companies have organized their global business operations?
What are their similarities and differences, and what might explain those similarities and differences?
How might you characterize their business and international strategies?
Tools like nation portfolio analysis and political risk assessment, which primarily concentrate on the potential benefits from doing business in emerging countries, are used by companies that seek new markets.
How a Global Corporation Operates?An organisation is considered a global corporation if its operations span at least two nations. Some individuals would classify any business having an overseas branch as a multinational corporation. Some people might restrict the term to only include businesses with at least 25% of their revenue coming from sources outside of their own nation.
What Are Some of the Risks Facing Global Corporations?The various nations and regions in which multinational firms operate expose them to dangers. These include potential dangers to regulations or the law, political unpredictability, crime and violence, and cultural
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Tonya Fairfield, an attorney, traveled to Washington D.C. for a case. Because of delayed flights from the West Coast, her travel lasted all day. When she arrived at to her hotel late at night, she was exhausted. She got to her room and realized she had left her cell phone in the taxi cab. She called the front desk and spoke to Susan, the front desk manager. Susan told Ms. Fairfield not to worry and to get a good night's sleep. Susan then spent the next hour tracking down the cab driver. The next morning Ms. Fairfield received complimentary room service with scones, a cup of coffee, a flower in a vase, and her cell phone. This incident could be classified as:
a basic service factor
a satisfaction service factor
performance service factor
an excitement service factor
The incident that has to do with the description that has being provided here is one that would be classified as: satisfaction service factor. Option 2
What is a satisfaction service factor?A satisfaction service factor refers to the degree to which the service provided meets or exceeds customer expectations. In this case, Ms. Fairfield had a problem with her phone being left in the taxi, and the front desk manager Susan took initiative to track down the cab driver and return the phone to her. Furthermore, the hotel provided her with complimentary room service which exceeded her expectations. This led to Ms. Fairfield being satisfied with the service provided by the hotel.
A basic service factor is the minimum level of service that is expected. Performance service factor refers to how well the service is delivered. An excitement service factor is an unexpected or unique aspect of the service that creates a sense of excitement or surprise.
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mention the different types of industries
Answer: There are basically three types of industries present in the different businesses I the nation for it's economic development. They are as follows :
1. Primary Industries
2. Secondary Industries
3. Tertiary Industries
Explanation: Now, let’s have a look at the three different types of industries in detail.
Primary Industries
Primary industry includes the economy that uses natural resources from the environment such as forestry, agriculture, fisheries and mining.Usually, this particular sector is considered the most crucial in developing countries and is relatively smaller in developed countries.
For developing countries, primary industry is typically the largest sector, such as livestock in Africa.Similarly, Wales as a whole is mainly dependent on mining and is the major source of the economy. It is the only sector where all of Wales can survive.
Secondary Industries
The secondary industry consists primarily of the construction and manufacturing industries. This industry generally uses products from the primary industry to create many other utilitarian products and also for their sales and exports.Many of these industries produce a great deal of waste that can lead to significant environmental problems and pollution.
Tertiary Industries
The tertiary industry mainly consists of the service sector. It typically involves multiple activities in which employees contribute their expertise and knowledge to improve productivity, potential, performance and sustainability.The most prominent feature of the tertiary sector is the production of multiple natural services including advice, mentoring, experience, access and discussion.Services also include the distribution, transportation and sale of goods through various channels from manufacturers to consumers.
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Which of the following is not an example of restructuring?
Answer:
c
Explanation:
Increasing or decreasing the amount of common stock is not an example of restructuring. Thus, option 'A' is the correct option.
What is restructuring in a business?A business restructuring is a key step that a company takes to change and reorganize its operations with the goal of lowering debt, boosting productivity, and enhancing the firm's moving ahead. Businesses experiencing financial challenges are more likely to reorganize.
A firm that finds itself in a situation where its debt is rising and it is having trouble making payments on time will frequently choose to restructure in order to find a sustainable solution to pay back all of its creditors and settle any outstanding debt. In general, the significance of corporate restructuring originates from its capacity to right the ship, divert attention from a gathering storm, and steer it in the direction of sheltered seas. It can act to turn around a failing business and position it for success.
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The complete options are:
a. Increase or decrease the amount of common stock
b. Eliminating profitable but unrelated divisions.
c. Merging with companies in related industries.
d. Divesting of an unprofitable division
After a few years of successful business, Thomas saw the need to diversify his business to take advantage of the growth potential of new markets. Doing so also reduces the business risk. He set up a new company that sells 3 models of tables: Russian style, Italian style, and Mexican style. His targeted market was in NYC where there is huge demand for those products. Operating results for June are below:
a. If Italian style is discontinued, management estimates that sales of Russian style will increase by 20%. In good form, prepare an incremental analysis to determine if Italian style should be discontinued.
b. What qualitative factors should Thomas consider relating question (a)?
c. Should Italian style be discontinued based solely on quantitative aspects? Briefly justify your response.
d. Without creating new income statements, and using your results from your analysis in part A, determine the amount of the company’s new net income if Italian style is discontinued. Show your calculations.
I have the work completed...I just need to check my work. I would appreciate any help as soon as possible.
I want to create a projject to get funds for education for all people who can not afford them
Create and distribute your fundraising effort. Organize offline fundraising activities. Ask nearby companies to reciprocate donations. Sponsor group activities. Gather contributions for a school fundraiser are some method.
What is fundraising?Fundraising, often known as fund-raising, is the process of soliciting and accumulating voluntarily contributed funds from people, businesses, nonprofit organizations, or state agencies.
The ideas that are used for fundraising can be:
Make clever online donation forms.Launch a dough fundraising campaign.Hold a shoe sale to raise money.Make a fundraising event using pledges.Organize a scratch-off ticket school fundraiser.Start a peer-to-peer crowdfunding campaign.Offer school supplies for sale to raise money.Encourage the community to make matching gifts.Learn more about fundraising , Here:
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The question is incomplete, the complete question will be :
I want to create a project to get funds for education for all people who can not afford them. What can be the ideas that are used for fundraising
the number of new businesses that opened has been the same or over the number that have closed. Talk about a couple of reasons you think people continue to start businesses even though the last few years have been difficult with the shut down, supply chain problems, and runaway inflation.
Answer:
Starting a business can be a challenging endeavor, especially in the face of economic difficulties such as those you mentioned. However, there are still many reasons why people might choose to start a business, even in difficult times.
One reason is that some people are driven by the desire to be their own boss and have control over their own destiny. They may feel that starting a business is the best way to achieve this independence.
Another reason is the potential for financial reward. While starting a business carries inherent risks, it can also be a way to achieve significant financial success. Many entrepreneurs are willing to take on these risks in the hopes of achieving a high return on their investment.
Additionally, some people may start a business as a way to pursue a passion or address a need in their community. They may believe that their product or service can make a positive difference in the world, and are willing to put in the hard work and dedication required to turn their idea into a reality.
Finally, it's worth noting that starting a business can also be a way for people to weather economic downturns. By creating their own source of income, entrepreneurs can potentially be more resilient in the face of economic challenges.
Explanation:
To continue to receive federal student aid while attending college, students
academic progress.
must show
O A. selective
B. completed
C. satisfactory
OD. exceptional
The answer is C. satisfactory.
To continue to receive federal student aid while attending college, students must show satisfactory academic progress. This means that they must maintain a certain grade point average (GPA) and complete a certain percentage of the classes they attempt. These requirements vary depending on the school and the type of federal student aid the student is receiving. In general, students must maintain a GPA of at least 2.0 (on a 4.0 scale) and complete at least 67% of their classes in order to remain eligible for federal student aid. If students fail to meet these requirements, they may be placed on academic probation or lose their financial aid altogether. It is important for students to make sure they are making satisfactory progress in order to continue receiving financial assistance while in school.
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Answer:
C
Explanation:
What is the modified internal rate of return (MIRR) of this project? Assume that the required rate is 12%
Year CF
0 $5,500
1 $450
2 $1,800
3 $3,200
4 $550
5 $2,130
Fresh Powder, Inc., manufactures snowboards. Based on past experience, Fresh Powder has found that its total annual overhead costs can be represented by the following formula: Overhead cost = $614,100 + $1.26X, where X equals number of snowboards. Last year, Fresh Powder produced 23,000 snowboards. Actual overhead costs for the year were as expected.
Required:
1. What is the driver for the overhead activity?
For questions 2-4, Enter the final answers rounded to the nearest dollar.
2. What is the total overhead cost incurred by Fresh Powder last year?
$fill in the blank 2
3. What is the total fixed overhead cost incurred by Fresh Powder last year?
$fill in the blank 3
4. What is the total variable overhead cost incurred by Fresh Powder last year?
$fill in the blank 4
For questions 5-7, round your answers to the nearest cent. Use those rounded figures in subsequent computations, if necessary.
5. What is the overhead cost per unit produced?
$fill in the blank 5
per unit
6. What is the fixed overhead cost per unit?
$fill in the blank 6
per unit
7. What is the variable overhead cost per unit?
$fill in the blank 7
per unit
8. Recalculate Requirements 5, 6, and 7 for the following levels of production: (a) 22,300 units and (b) 24,400 units. Round your answers to the nearest cent.
22,300 Units 24,400 Units
Unit cost $fill in the blank 8
$fill in the blank 9
Unit fixed cost fill in the blank 10
fill in the blank 11
Unit variable cost fill in the blank 12
fill in the blank 13
The reason the unit costs changed in the way they did is because:
1) The driver for the overhead activity is the number of snowboards produced.
2) The total overhead cost incurred by Fresh Powder last year is $643,080.
3) The total fixed overhead cost incurred by Fresh Powder last year is $614,100.
4) The total variable overhead cost incurred by Fresh Powder last year is $28,980.
5) The overhead cost per unit produced is $27.96.
6) The fixed overhead cost per unit is $26.70.
7) The variable overhead cost per unit is $1.26.
Unit Costs Recalculated:22,300 Units 24,400 Units
8 and 9) Total unit cost $28.80 $27.58
10 and 11) Unit fixed cost $27.54 $25.17
12 and 13) Unit variable cost $1.26 $1.26
14) The reason the unit costs changed in the manner they did is because the total overhead and fixed cost per unit increase as production units reduce and decrease with increased production.
On the other hand, the variable cost per unit remains fixed with its total increasing or decreasing with production levels.
Total annual overhead costs formula:Overhead cost = $614,100 + $1.26X, where X equals number of snowboards
The number of snowboards produced last year = 23,000 units
At 23,000 Production Units:
Total overhead cost = $643,080 ($614,100 + $1.26(23,000)
Overhead cost per unit = $27.96 ($643,080/23,000)
Variable costs = $28,980 ($1.26 x 23,000)
Variable cost per unit = $1.26 ($28,980/23,000)
Fixed overhead cost per unit = $26.70 ($614,100/23,000)
At 22,300 Production Units:
Total overhead cost = $642,190 ($614,100 + $1.26(22,300)
Overhead cost per unit = $28.80 ($642,190/22,300)
Variable costs = $28,098 ($1.26 x 22,300)
Variable cost per unit = $1.26 ($28,098/22,300)
Fixed overhead cost per unit = $27.54 ($614,100/22,300)
At 24,400 Production Units:
Total overhead cost = $672,934 ($614,100 + $1.26(24,400)
Overhead cost per unit = $27.58 ($672,934/24,400)
Variable costs = $30,744 ($1.26 x 24,400)
Variable cost per unit = $1.26 ($30,744/24,400)
Fixed overhead cost per unit = $25.17 ($614,100/24,400)
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After each of the following statements, circle T for a true statement or F for a false statement.
1. Financial institutions usually do not charge a fee for checking
account services.
2. Most financial institutions offer online and telephone banking services.
3. Electronic funds transfer (EFT) often involves the use of ATM machines.
4. It is important to reconcile your checkbook immediately when you
receive the bank statement.
5. When a check you have issued has been lost or stolen, you should
request a stop payment order.
6. To open an account, either checking or savings, you first must fill
out and sign a signature form.
7. When a minimum balance is not maintained in a checking account,
the bank will usually waive a service charge.
8. A debit card is the same as a credit card.
9. A money market account is an interest-bearing checking account that
pays a higher rate of interest.
10. With online banking, you can make deposits and withdrawals.
Personal finance is indeed the financial planning that a person or a family unit uses to set a budget, save money, and spend it.
What is a Personal Finance?The answers for the given questions are:
False: The majority of the time, financial institutions don't charge for checking account services.True: The majority of financial organisations provide telephone and internet banking services.True: A common method of electronic money transfer (EFT) is to utilise an ATM.True: When you get your bank statement, it's crucial to promptly reconcile your chequebook.True: You must ask for a stop demand draft if a check you wrote has been misplaced or stolen.True: You must first complete and sign a signing form in order to create an account, either a checking or a savings one.False: The bank will often not impose a service fee if a checking account's budget range is not met.False: A debit card functions exactly like a credit card.True: An attention checking account that pays a greater rate of interest is known as a money market account.True: You may make withdrawals and deposits using internet banking.To know more about Personal finance, visit:
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Describe the fiscal policy action that is discussed in the article including is such a such as is under the bed approve or reject it will the fiscal policy action discuss in the article promote price stability fallen ploy Ment and economic growth is playing with the fiscal policy action discussing the article if approve contribute to the creation of a budget surplus or a budget deficit will this likely increase decrease or not affect the national debt explain did you approve or disapprove of the fiscal policy action describe in the article explains your response and identify at least one trade out for your choice
In economics and political science, fiscal policy is the use of government revenue collection and expenditure to influence a country's economy.
What is the meaning of Fiscal Policy?Fiscal policy is the term used to describe how the government uses taxation and spending to influence the economy. Governments frequently utilize fiscal policy to promote strong, long-term growth as well as to reduce poverty.
Fiscal policy refers to the tax and spending plans of the federal government. Fiscal policy decisions are largely made by the Administration and Congress with little input from the Fed.
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What’s the maximum number of conditions that can be set for a bank rule?
The maximum number of conditions that can be set for a bank rule is 5.
What is a bank rule?A bank rule is one that has been set up by the bank that will be followed in that branch. This could be with the relation of the payment, cheques, deposits, or bank charges.
There can be various numbers of charges that can be set by the bank. The central bank will be the one that will set the rate or will decrease the rate of the changes. This was to impact the bank.
As different banks may have different types of rules as well as regulations that they will use to help form the rules but the maximum number will be five.
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Why might a marketer choose Internet advertising over television advertising? • A. Because television advertising is more expensive B. Because the Internet has been around longer than television • C. Because Internet advertising is more expensive O D. Because television only reaches people over the age of 50
The reason why a marketer might choose Internet advertising over television advertising is that A. Because television advertising is more expensive.
What were the reasons why a marketer could pick Internet advertising?Without spending money on a disproportionately large audience, online advertising enables you to identify, connect with, and engage people who are likely to be interested in your company. Online advertising provides detailed audience information so you may better target your efforts.
The reduced running costs of online marketing are one of its primary benefits for companies. Internet marketing makes advertising more affordable than more conventional forms of advertising like radio, television, and newspaper ads.
Therefore, option A is correct.
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If you have money in a savings account, you will do better if the bank pays you _________., a. simple interest, b. compound interest, c. it doesn't matter whether the interest in simple or compound, it's only the interest rate that matters, d. the question cannot be answered because banks rarely pay compound interest on savings account
C, It doesn't matter whether the interest in simple or compound, it's only the interest rate that matters. is the wrong answer
If you have money in a savings account, you will do better if the bank pays you compound interest (option B)
What is compound interest?When an account earns a simple interest, the amount in the account grows linearly. When an amount earns a compound interest, the amount invested grows at an exponential rate.
An account that earns a compound interest grows at a faster rate than an account that earns a simple interest.
The formula that can be used to determine the future value of an account when there is a simple interest is:
Future value = amount invested + interest earned
Interest earned = amount invested x time x interest rate
The formula that can be used to determine the future value of an account when there is a compound interest is:
FV = P(1 + r)^n
Where:
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2. Start by creating a list of 5-10 local and remote businesses currently operating that you think would hire project
managers?
Amazon, Coinbase, HubSpot, IQVIA, PRA Health Sciences, Robert Half International, Thermo Fisher Scientific, and UnitedHealth Group are among the organizations that allow project managers to work remotely.
By decreasing risk and giving precise timings and decision points that assist guarantee projects are delivered on-time and within budget, project planning helps avoid the disappointment of failed and delayed projects. Project managers work with teams to divide a project into smaller, more manageable chunks. Project managers can better manage their teams and respond to problems by dividing the project down into a defined procedure with assigned tasks, dates, and milestones.
A local business could be a small shop, a food truck, or an office building. Because the local business owner owns the building where it is located, it differs from a chain store in another way. The majority of local businesses are often modest, family-run enterprises. Even though your business or client's office is in the same location as yours, working remotely can simply mean doing so. Working from home is hardly a glamourous lifestyle option. It's a decision to increase effectiveness and balance.
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Cultural differences that might influence the guest service experience include all of the following except
diet
greetings
humor
marriage
Answer: marriage
Explanation: You are correct! Diet, greetings, humor, and marriage are all cultural differences that can influence the guest service experience. However, marriage is not a cultural difference and therefore would not be included in this list.
A bank account is opened in the name of 'X' with full KYC of 'X'. 'X' later sells his account to 'Y', who is now using the account and 'X' is not aware of the trasnactions in the account. Such an account is called_
Answer:
abcdefu
Explanation:
Such an account is called a "benami account"
The scenario you described, where a bank account is opened in the name of 'X' with full KYC (Know Your Customer) of 'X', but 'X' later sells the account to 'Y' who uses it without 'X' being aware of the transactions, does not have a specific term commonly used to describe it. It seems to be an unauthorized use of someone else's bank account.
However, it is important to note that such a scenario raises significant legal and ethical concerns. Using someone else's bank account without their knowledge or consent is generally considered fraudulent and illegal in many jurisdictions. It's crucial for individuals to protect their personal information, including bank account details, and to promptly report any suspicious or unauthorized activity to their bank or relevant authorities.
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