Answer: True
Explanation:
Collaborative selling has to do with the collaboration and interaction between the customers and the salespersons.
A collaborative selling environment makes the sales pitch more challenging for salespeople. Working together in this case requires patience and problem solving skilss and this ultimately leads to more success, enhance customers satisfaction and also leads to achievement of organizational goals.
1. Through the last decade, we have seen the impact business people have on our society. At the end of your career, what do you think people will say you did for society
Answer:
Impact of Business on Society
At the end of my career, I would like people to say that I have increased the opportunities for society to achieve sustainable survival.
Explanation:
This implies that I will ensure that my business community enjoys more of the positive impact that businesses can make in improving the society. To achieve this, I will ensure that my business operates in a sustainable, eco-friendly environment and engages in practices that promote such enabling environment. I will promote restraint in the use of ozone-depleting chemicals and advocate for renewal energy. I will promote green environments for my business and the community where it is located.
Oriole Company purchased a depreciable asset for $611000 on January 1, 2018. The estimated salvage value is $53000, and the estimated useful life is 9 years. The straight-line method is used for depreciation. In 2021, Oriole changed its estimates to a total useful life of 5 years with a salvage value of $95000. What is 2021 depreciation expense
Answer:
Annual depreciation= $165,000
Explanation:
First, we need to calculate the accumulated depreciation at 2021:
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (611,000 - 53,000) / 9
Annual depreciation= $62,000
Accumulated depreciation= 62,000*3= $186,000
Now, the depreciation for 2021:
Depreciable price= (611,000 - 186,000) - 95,000= $330,000
Remaining life= 5 - 3= 2 years
Annual depreciation= 330,000 / 2
Annual depreciation= $165,000
The cash basis of accounting is acceptable primarily in enterprises that do not have substantial credit transactions or inventories.
a) true
b) false
Answer:
a) true
Explanation:
Cash basis of accounting is the recognition of transactions when the cash is paid or received not when they occur or incur. When an entity does not have substantial credit transactions or inventories it is convenient for them to use the cash basis since these credit transactions do not happen frequently.
Hewlett and Martin are partners. Hewlett's capital balance in the partnership is $64,000, and Martin's capital balance $61,000. Hewlett and Martin have agreed to share equally in income or loss. Hewlett and Martin agree to accept Black with a 25% interest. Black will invest $35,000 in the partnership. The bonus that is granted to Black equals:
Answer:
$5,000
Explanation:
Calculation for what The bonus that is granted to Block equals:
First step is to calculate the Total Partnership Equity using this formula
Total Partnership Equity = Groh's Capital + Jackson's Capital + Block's Investment
Let plug in the formula
Total Partnership Equity = $64,000 + $61,000 + $35,000
Total Partnership Equity= $160,000
Second step is to calculate the Equity for Block
Equity for Block = $160,000 * 0.25 =
Equity for Block =$40,000
Now let calculate what Bonus to Block equals using this email formula
Bonus to Block = Block's Capital - Cash Investment
Let plug in the formula
Bonus to Block = $40,000 - $35,000
Bonus to Block= $5,000
Therefore the bonus that is granted to Block equals: $5,000
Henry, Luther, and Gage are dissolving their partnership. Their partnership agreement allocates each partner 1/3 of all income and losses. The current period's ending capital account balances are Henry, $45,000; Luther, $37,000; and Gage, $(5,000). After all assets are sold and liabilities are paid, there is $77,000 in cash to be distributed. Gage is unable to pay the deficiency. The journal entry to record the distribution should be:
Answer and Explanation:
The journal entry to record the distribution is as follows;
But before that following calculations need to be required
Capital, Henry = $45,000
Capital, Luther = $37,000
Capital, Gage = -$5,000
Now there is a deficiency in the gage capital account i.e. $5,000 should be borne by Henry and Luther in equal ratio i.e. $2,500 each
Now the henry final balance is
= $45,000 - $2,500
= $42,500
And, the luther final balance is
= $37,000 - $2,500
= $34,500
Now the journal entry is
Henry, capital $42,500
Luther, capital $34,500
To Cash $77,000
(Being distribution is recorded)
here the capital account is credited as it reduce the stockholder equity and cash is credited as it also reduced the assets
Elton Mayo experiments at the Hawthorne Electric indicated: a. No significant correlation between the level of illumination and the level of productivity b. Productivity was affected by the human relations between the researchers and subjects, which was the missing variable in the original model c. Good relations between the employees, high group cohesiveness were the other factors d. All of the above
Answer:
d. All of the above
Explanation:
In the case where is a large number of manufacturing complexes and if the research is done on productivity so it would be considered as a Hawthorne works that could be possible via partnership done by many industries, universities, etc
There is no correlation between the productivity and the light levels. The speed of an individual workers would be measured the total level of production and the factors impact such as resting periods, working hours etc. It also developed the various kind of positions to represent the productivity that could change in some specific groups i.e. group norms, cohesiveness, etc
So as per the above explanation, the option d is correct
If you burn garbage in your backyard and the smoke damages a neighbor's house,the damage is considered an externality.The externality is the cost of the house damage paid by the neighbor (third party).A. TrueB. False
Answer:
B.
Explanation:
The bonds issued by United Corp. bear a coupon of 6 percent, payable semiannually. The bond matures in 20 years and has a $1,000 face value. Currently, the bond sells at $955. The yield to maturity (YTM) is _____%.
Answer: 6.40%
Explanation:
Use Excel to calculate this by the formula;
= RATE(Nper,Pmt,-Pv,Fv)
Nper is number of periods = 20 * 2 = 40 semi annual periods
Pmt is the payment = $6%/2 * 1,000 = $30
Pv is the present value = $955
Fv is future value or face value = $1,000
= RATE (40,60,-955,1000)
= 3.20% * 2 (because this is a semi annual rate)
= 6.40%
If the bond sells at $955. The yield to maturity (YTM) is 6.40%.
First step is to find the rate using financial calculator
Rate=(Nper,Pmt,-Pv,Fv)
Where:
Nper = 20 ×2 = 40 years
Pmt = $1,000×6%/2 = $30
Pv = $955
Fv = $1,000
Hence:
Rate=(40,60,-955,1000)
Rate=3.20%
Now let calculate the yield to maturity (YTM)
Yield to maturity= 3.20%×2
Yield to maturity=6.40%
Inconclusion the yield to maturity (YTM) is 6.40%.
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Which of the following explains why businesses often use graphics
to warn workers of dangerous situations?
Answer:
There are no options listed, but a can cite a few reasons why companies use graphic signs:
statistically, the number of work related injuries decrease as the level of safety signage increases. visual signs are extremely effective ways of communicating, and when it comes to dangerous activities, their effectiveness increases. people tend to pay more attention to graphic signs than to written signs, that is the same reason why signs and logos are placed outside a company in order to identify it.graphic signs are very easy to recognize and associate. graphic signs do not need further or complex explanations, i.e. a picture is worth more than 1,000 words.and a long list of etc.You are an analyst for a home building company tasked with creating a financial model of home-building trends. Which of the following factors should your model address?
a. Number of landlords per capita and home Improvement store sales
b. Automobile sales per capita and the number of visitors to a country
c. Number of for-rent property signs and the employment rate of the millennials
d. The price of wood products and long-term interest rates
Answer:
d. The price of wood products and long-term interest rates
Explanation:
Your company builds homes and sells them. A home-building trend analysis is supposed to help you determine the number of future homes that the market will demand in the future and what type of homes will be demanded. It also should help you estimate future costs.
Option a) knowing the number of landlords per capita gives you an idea of which places will demand more homes in the future, but knowing the number of home improvement stores is useless. Option b) car sales have nothing to do with home sales. Option c) because millennials are the future home buyers, that is your target market, so knowing their employment rate is very important. But the number of for rent signs is not significant at all. To be honest, how many for rent signs do you see on houses nowadays. Most real estate listings are made on the internet.In anticipation of the college's athletic banquet, Lauren considered purchasing gifts for several members of the athletics club who had put a lot of time and effort into making it such a successful program. Lauren decided to buy roses for the women and a leather-bound portfolio and resume paper combination for the men. Which of the following scenarios corresponds to cross-price elasticity? A. Lauren worked overtime last week and made more money. As a result, she decided to purchase the more expensive portfolios that have the university logo on the front, and she decided to buy one more than she had originally planned. B. A local high school's prom is also the same weekend as the ceremony, so the price of roses has increased. C. Lauren cannot decide which color of roses to buy because they are all priced the same. D. The price of resume paper has decreased. Because of this, Lauren can now afford to purchase more paper and an additional portfolio and still be within her budget for gifts.
Answer: d. The price of resume paper has decreased. Because of this, Lauren can now afford to purchase more paper and an additional portfolio and still be within her budget for gifts.
Explanation:
Cross price elasticity has to do with how the quantity demanded of a particular good or service is affected by price of another different good or service which could either be a complement of the good or its substitute.
Therefore, the option that denotes a cross price elasticity based on the definition above would be the price of resume paper has decreased. Because of this, Lauren can now afford to purchase more paper and an additional portfolio and still be within her budget for gifts.
Your company had a contract to renovate a large auditorium of a multinational company for $650,000. There is a flexible due date to complete the renovation. Which type of contract to sign in this case
Answer:
the options are missing:
a) Cost-plus Fee b) Time and Material c) Fixed Price d) Fixed cost-plus profitthe answer is: c) Fixed Price
Explanation:
Cost-plus Fee contract involves a contractor being paid its building costs plus a certain fee or profit. Doesn't apply here because the price if fixed.
Time and Material
s contract are similar to cost-plus fee since the contractor is paid for labor and materials costs plus a margin during the time required to finish the construction.
Fixed cost-plus profit contract includes a bonus for good performance, which generally results from finishing early.
Superior Micro Products uses the weighted-average method in its process costing system. During January, the Delta Assembly Department completed its processing of 26,100 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $720,752 in total. The ending work in process inventory in January consisted of 2,600 units, which were 80% complete with respect to materials and 60% complete with respect to labor and overhead. The costs per equivalent unit for the month were as follows:
Materials Labor Overhead
Cost per equivalent unit $ 13.70 $4.70 $ 7.40
Required:
1. Compute the equivalent units of materials, labor, and overhead in the ending work in process inventory for the month.
2. Compute the cost of ending work in process inventory for materials, labor, overhead, and in total for January.
3. Compute the cost of the units transferred to the next department for materials, labor, overhead, and in total for January.
4. Prepare a cost reconciliation for January. (Note: You will not be able to break the cost to be accounted for into the cost of beginning work in process inventory and costs added during the month.)
Answer:
Equivalent units of materials, labor, and overhead
Materials
Units in Ending Work in Progress (2,600 × 80%) = 2,080
Labor
Units in Ending Work in Progress (2,600 × 60%) = 1,560
Overhead
Units in Ending Work in Progress (2,600 × 60%) = 1,560
Cost of ending work in process inventory for materials, labor, overhead
Materials
Cost = Equivalent units × unit cost
= 2,080 × $ 13.70
= $28,496
Labor
Cost = Equivalent units × unit cost
= 1,560 × $4.70
= $7,332
Overheads
Cost = Equivalent units × unit cost
= 1,560 × $ 7.40
= $11,544
Cost of the units transferred to the next department
Materials = $28,496
Labour = $7,332
Overheads = $11,544
Total = $47,372
Cost reconciliation for January
INPUTS
Beginning Cost + Cost Added $720,752
Total $720,752
OUTPUT
Ending Work in Process $47,372
Completed and Transferred ( 26,100 × 25.80) $673,380
Total $720,752
Company ABC just paid an annual dividend of $3.55 on its common stock. The firm increases its dividend by 3.55 percent annually. What is the company's cost of equity if the current stock price is $43.24 per share?
Answer:
8.5%
Explanation:
Company ABC just paid an annual dividend of $3.55
The firm increases its dividend by 3.55 percent annually
The current stock price is $43.24
Therefore the company cost of equity can be calculated as follows
= 3.55 × (1+3.55/100)/43.24+3.55/100
= 3.55 × 1+0.0355/43.24+0.0355
= 3.55 × 1.0355/43.2755
= 3.6760/43.2755
= 0.085× 100
= 8.5%
Hence the company cost of equity is 8.5%
If the yen is selling at a premium relative to the euro in the forward market, is the forward price of EUR per JPY larger or smaller than the spot price of EUR per JPY?
Answer:
The forward price of EUR per JPY will be LARGER
Explanation:
Based on the information in a situation where yen is selling at a premium which is an additional amount charged in the forward market, it means that forward price of EUR per JPY which is the price that has been negotiated and agreed upon will be LARGER than the spot price of EUR/JPY which is the market current price to be traded on the spot.
Therefore The forward price of EUR per JPY will be LARGER.
Micah wants a Metallica song to be playing in the background on his company’s Web site. He burns the song from a CD onto his computer and integrates it into the site. Are Micah’s actions legal?
Answer:
No; Micah still needs to pay for any intellectual property he reproduces.
Explanation:
Intellectual property theft is the act of robbing another party of their inventions and ideas. Intellectual property includes music, software, proprietary products, and trade secrets.
Taking intellectual property without paying for them is illegal.
However if the property is purchased the user can use it as they see fit.
In the given scenario Micah burns a song from a CD onto his computer and integrates it into the site.
He has initially purchased the CD so he has paid for the intellectual property. His action is not illegal and he will pay for any reproductions made
During 2020, $890000 of raw materials were purchased, direct labor costs amounted to $670000, and manufacturing overhead incurred was $640000. Marigold Corp.'s total manufacturing costs incurred in 2020 amounted to
Please give brainliest
Answer:
$2,090,000
Explanation:
The computation of the total manufacturing cost is shown below:
Total manufacturing cost = Cost of direct materials used + direct labor cost + manufacturing overhead cost incurred
where,
Cost of direct materials used = Beginning balance of raw material + Purchase of direct materials - ending balance of raw material
= $290,000 + $840,000 - $350,000
= $780,000
So, the total manufacturing cost equals to
= $780,000 + $670,000 + $640,000
= $2,090,000
when contracting out governmental function it is the policy of the government to utilize non-personal service contract whenever possible. personal service contracts are appropriate only in limited situations
Answer: a. Under a personal services contract, the contractor’s personnel are subject to the supervision and control that prevails in relationships between the Government and its employees.
Explanation:
A personal service contract operates as though there is an employer-employee relationship between the Government and personnel under the contractor hired for the project.
This means that the contractor's personnel will be subject to the same supervision and controls that the government puts its own employees under.
. Why is the informational role essential to a functioning business? a. So, information is exchanged between people at different levels of the company. b. So, the business's internal records are better organized. c. So, one person has a complete understanding of what's happening in the business. d. So, fraud can be eliminated from a business.
Answer:
a. So, information is exchanged between people at different levels of the company.
Explanation:
The informational role would become important in a functioning business because of the exchanged information between the people who have different levels in the organization in order to develop a network between them
In this, the proper smoothing of work could be done due to which the company is able to accomplish their objective within the prescribed time
Therefore the correct option is a.
Perdue Company has purchased equipment that requires annual payments of $30,000 to be paid at the end of each of the next 6 years. The appropriate discount rate is 12%. What amount will be used to record the equipment?a. $165,772b. $180,000c. $115,650d. $123,342
The answer will be $123,342
In order for clients to satisfy identity verification procedures, they must produce which of the following?
A.) A single Group A identity document
B.) A single Group B1 and a single Group B2 identity document.
C.) One identity document each from Groups A, B1, and B2
D.) Both A and B are correct.
E.) None of the above
Answer: D.) Both A and B are correct.
Explanation:
The Bank Secrecy Act/USA PATRIOT Act demands that people who are applying for bank products should verify their identity.
They can do so via several documents first of which is a single Group A document. These could be Driver's License , Foreign Passport , Military ID etc.
Then there is to be a single identity from both B1 and B2 as well and these include: Employee ID , Check Cashing ID , Food Stamp ID , Indian Tribal Card and the like.
This is being done to limit terrorist financing and money laundering so utmost compliance is advised.
The correct option is D.) Both A and B are correct.
The following information should be considered:
The Bank Secrecy Act/USA PATRIOT Act demands that people who are applying for bank products should verify their identity. It can be done via several documents first of which is a single Group A document. These could be Driver's License , Foreign Passport , Military ID etc. After this, there is to be a single identity from both B1 and B2 as well and these include: Employee ID , Check Cashing ID , Food Stamp ID , Indian Tribal Card and the like. This is being done to limit terrorist financing and money laundering so utmost compliance is advised.Learn more: brainly.com/question/16911495
What does the communication technique "slow down and be patient" mean
Answer:
Slow your speech so the person has time to think about each word you say.
Explanation:
These are the options for the question
Avoid looking at your watch when giving care. Slow your speech so the person has time to think about each word you say. Slow your body movements and wait as long as it takes for the person with dementia to respond.
Communication technique are ways of passing information from one person to another, the communication technique "slow down and be patient" symbolized that when you are making a speech, you need to Slow your speech so the person has time to think about each word you say, and a he/she will be able to give the necessary response or act accordingly to the speech.
The construction industry traditionally has had:________.a. Lower profit margins significantly below many other industriesb. Has delivered profits on par with the average of the Standard & Poors 500 index companiesc. Has consistently outperformed the S&P 500 index companies
Answer:
a. Lower profit margins significantly below many other industries
Explanation:
Only the retail industry has traditionally yielded lower profit margins than the construction business. In other words, the profit margin of the construction business is lower than almost all other industries.
The thing with construction is that it takes a long time to finish construction works and they are also relatively safe investments. Of course you can lose money, but there is no risk free industry.
The following financial information is from Shovels Construction Company.Accounts payable $14,500Buildings 85,000Cash 11,600Accounts receivable 10,000Sales tax payable 2,900Retained earnings 46,400Supplies 41,800Notes payable (due in 18 months) 26,000Interest payable 1,000Common stock 57,600What is the amount of current assets, assuming the accounts above reflect normal activity?
Answer:
$63,400
Explanation:.
Calculation for the amount of current assets,
CURRENT ASSETS
Cash 11,600
Accounts receivable 10,000
Supplies 41,800
Total current assets $63,400
Therefore the amount of current assets is $63,400
commenced business with investment Rs 500000
Purchased good from hari Rs 10000
sold
goods to shyam Rs 15000
lach received from shyam Rs 15000
House rent received
from
tenant Rs 10000
Commission Paid Rs 5000
Regeired: Accounting equation
y
I'm also stuck on the same question
Granite Stone Creamery sold ice cream equipment for $16,000. Granite Stone originally purchased the equipment for $90,000, and depreciation through the date of sale totaled $71,000. What was the gain or loss on the sale of the equipment?
Answer:
The loss amount is "$3,000".
Explanation:
The given values are:
Sale amount,
= $16,000
Ice-cream equipment's cost,
= $90,000
Depreciation,
= $71,000
Now,
The book value will be:
= [tex]Ice \cream \ equipment's \ cost-Depreciation[/tex]
On substituting the values, we get
= [tex]90,000-71,000[/tex]
= [tex]19,000[/tex] ($)
The loss on the sale will be:
= [tex]Book \ value -Sale \ amount[/tex]
= [tex]19,000-16,000[/tex]
= [tex]3,000[/tex] ($)
a machine whose cash ptice us $700 was bought on hire purchase for $784. The cost of credit was
Answer:
$84
Explanation:
Cost of Credit refers to the expenses incurred when using credit. It is the cost of borrowing and is represented by the difference between the total amount paid back and the amount borrowed.
I.e., cost of credit = Amount paid - Amount borrowed.
In this case,
Cost of credit = $784 - $700
Cost of credit = $84
Cindy sold her interest in a partnership for $20,000 cash when her outside basis was $5,000. She was relieved of her $25,000 share of partnership liabilities. What is Cindy's realized value from the sale of her partnership interest?
Answer:
$40,000
Explanation:
Cindy sold her interest in a partnership business for $20,000
Her outside basis is $5,000
She was relieved of $25,000 partnership shares
Therefore her realized value from the sale of her partnership interest can be calculated as follows
=>$20,000 + $25,000 - $5,000
=>$45,000 - $5,000
= $40,000
Hence her realised value is $40,000
The Baldwin's workforce complement will grow by 10% (rounded to the nearest person) next year. Ignoring downsizing from automating, what would their total recruiting cost be
Answer: d. $282,000
Explanation:
The workforce complement is to increase by 10%;
= 471 * 10%
= 47.1
= 47 people
Recruiting cost = 47 * (recruiting base + recruiting spend)
= 47 * ( 1,000 + 5,000)
= $282,000
All of the following nondependent taxpayers are U.S. citizens. Which is required to file a 2018 income tax return?A. Sal (62), married filing separately (MFS), $3,500 gross income, and spouse does not itemize.B. Ariel (50), qualifying widower (QW), $18,550 gross income.C. Fred (32), head of household (HOH), $17,500 gross income.D. Clarisse (75), single (S), $12,575 gross income, all from wages.
Answer:
A. Sal (62), married filing separately (MFS), $3,500 gross income, and spouse does not itemize
Explanation:
IRS stands for Internal Revenue Service. It is a federal government agency responsible for all the tax related matters of the people in the United States of America. Everybody in America has pay income tax return in the U.S.
In the context, Sal is 62 years old and is a non-dependent tax payer of the U.S. He is married and is filing tax return separately $ 3,500 of his gross income and his spouse does not itemize. He is suppose to file tax return for 2018.
All the requirements that are needed to file a 2018 income tax return as at 2018 as nondependent taxpayers in U.S are:
A. Sal (62), married filing separately (MFS), $3,500 gross income, and spouse does not itemize.
A taxpayer can be regarded as person or organization that are subjected to payment of tax.As at 2018, to file a income tax return, then some requirements such as $3,500 gross income, is required, married filing separately (MFS) and others.Therefore, option A is correct.
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