Answer and Explanation:
Merchandising company is one that buys finished goods and add values to it and sells. Unlike the manufacturing firm where the firm produces the good and sells them.
In order to find the COGS for a merchandising company for preparing the income statement, we can look at the inventory purchases and budget for COGS. We can also look at the starting and ending inventory.
The formula for COGS is:
Beginning inventory + purchases - ending inventory = Cost of goods sold.
Anthony picked up a package of paper plates and noticed that there was a coupon stuck onto the package that stated, "Save 50 cents now!" When he went to the checkout, the cashier removed the coupon and gave him the 50 cent discount.
Which type of coupon did Anthony receive?
a. on-pack coupon
b. in-pack coupon
c. online coupon
d. shelf-delivered coupon
e. instantly redeemable coupon
Answer:
e. instantly redeemable coupon
Explanation:
Instantly redeemable coupon -
It is the type of coupon , which is provided along with the goods or services , the person opt for , is referred to as instantly redeemable coupon.
This coupon , can be applied easily at the time of purchase and hence can avail the given discount.
These coupons are given , in order to attract more customers and increase the production.
The company you work for is considering moving its email server to a hosting company. This will help reduce the cost of hardware and server administration at your local site. Which document formally states the reliability and recourse if reliability isn’t met?
Answer: Server level agreement (SLA)
Explanation:
An SLA is an agreement between the service provider and its client. This ensures that quality, service, reliability and resources are met. SLA binds the service provider to honor the agreement.
Answer:
A Service Level Agreement
Explanation:
The Service Level Agreement is a document that clear states and lays out the criteria for the level of servcie a supplier is to provide to a consumer. The SLA contains laid out metrices to ensure that suceh services can be assessed in order to either penalize deviations or allow for remedies should in case, the service level expected is not met. It can be between various departments in an organisation ro between various organisations.
In case of the question, the SLA is a document that specifies the level of service the company is to expect from the hosting company. The SLA formally states the level of reliability the client should expect and the penalties or remedies to be expected if such reliabilitis are not met.
Common stockholders have a residual claim to income, in other words they are last in line.
A) True
B) False
Answer: True
Explanation: In simple words, common stock holders refers to the individuals who have the ownership rights of the company in form of common stocks or generally termed as equity shares.
These stockholders gets dividend in return of their investment. They usually receive the highest dividend among all of them but their rate is not fixed as preference shareholders and debt holders.
These shareholders are considered as the owners of the company due to their voting rights and thus have last preference in event of liquidation and receives the residual left after paying for the creditors such as debt holders and preference holders.
The Legislative Redistricting Board of Texas is ex officio. This means that its members have a position on the board automatically because they
Answer:
Hold other public office
Explanation:
The main purpose of Legislative restricted board is to make and initiate plans of legislative if the legislature fails to make the desired plans in the first secession. Overall, the members are elected carefully who show ethnic and social characteristics. The members have a position on the board automatically because they hold another public office. Any individual who holds another public office is automatically elected for a position.
What is the head term in the title "Official guide to creating a mobile marketing strategy in 2019"?
Answer:
Mobile Marketing
Explanation:
Mobile marketing strategy is a digital marketing strategy which satisfy the needs of mobile devices users e.g smartphones and tablets. For these mobile devices, contents like websites, MMS, emails, messages mare framed to give them an excellent user experience. The size and user interface of a mobile phone is small compared to desktop. So that has to be in consideration when trying to offer any solution to meet their needs. Adverts of products are uploaded on sites where users visits regularly. It is different from the traditional post bill board, posters, flyers and cards.
Still images, catchy phrases, and graphic animations are used to attract the attention of users. These will make them to want to click further thereby making them potential buyers of such products and services.
Mobile marketing is important to business because mobile users are increasing daily and yearly. Majority of what a desktop can do ,can be replicated on a mobile device.
Final answer:
The head term in the title is "mobile marketing strategy," indicating the main focus of the content. It is important for targeting the content to the proper audience and creating a successful search strategy for optimal SEO placement.
Explanation:
The head term in the title "Official guide to creating a mobile marketing strategy in 2019" refers to the primary keyword or phrase that the content is focused on. In this case, the head term can be identified as "mobile marketing strategy." This term indicates the subject matter and the core focus of the content, which can be described as a guide designed to help businesses or individuals create an effective plan for marketing on mobile platforms in the year 2019. By using such a specific head term, the content can target an audience interested in learning about current best practices and considerations for mobile marketing within a global market context. Furthermore, ensuring the right subject headings and keywords are used is essential for creating a successful search strategy that positions content effectively within search engine results.
Managers should be held responsible for only those cost, revenues, or assets over which they have substantial control.
a) true
b) false
Answer:
Managers should be held responsible for only those cost, revenues, or assets over which they have substantial control should be considered as a
FALSE Statement.
Explanation:
In order to understand this statement comprehensively, we need to know the following two views.
The Omnipotent View
The Symbolic View
The Omnipotent view
This view defines and makes managers wholly responsible for all the success and losses of an organisation. This view referred managers as completely liable for all the operations, causes and their resulting effects within an organisation. No matter what, they are held liable for the consequences. For example, when a football team performs, coaches and managers are held liable and they come under radar in case of bad performances.
The symbolic View
This view says that managers make decisions in the best interest of the firm on the base of available resources, assets, costs and revenues but there are certain things which are beyond their control, they have very less or little control over certain things like economy, political environment – rules and regulations, competitors actions, market conditions, having control over technology etc.
Consequently, mangers cannot be held completely responsible; they have limited impact and effect over the organisational performance.
When an insurer relies on the prior claims history of the group to be insured in determining the rate to be charged, it is called:______
Answer:
experience rating
Explanation:
When an insurer relies on the prior claims history of the group to be insured in determining the rate to be charged, it is called experience rating. Like mentioned in the question this refers to the amount of loss that the insured party would receive in comparison to other similar cases. Which is why prior claims history is investigated when determining the amount.
Find the selling price of the following item.
A stereo costing $125.39 and marked up $76.00.
a)1.65 b) 49.39 c) 125.39 d) 201.39
Answer:
d) 201.39
Explanation:
Selling price = Cost price + mark-up
in this case: $ 125.39 + $79 = 201.39
Answer:
201.39
Explanation:
odessey ware
The rise in unemployment that occurs because of a recession is known as cyclical unemployment, because it is closely tied to the ______________.
Answer:
Business cycle
Explanation:
Cyclical unemployment is when employment level changes with the business cycles. Unemployment increases when there's a downturn in the economy and reduces when there's an upturn in the economy.
During downturns, firms demand for labour falls and unemployment increases.
During a boom, firms demand for labour increases and unemployment falls.
I hope my answer helps you
Cyclical unemployment refers to the rising rate of unemployment during a recession due to the impact on the labor demand curve and wage stickiness. Government policy can alleviate cyclical unemployment by stimulating overall buying power.
Explanation:The rise in unemployment that occurs as a result of a recession is known as cyclical unemployment.
This phenomenon is closely tied to the economic cycle. During a recession, the overall state of the economy affects the labor demand curve and due to stickiness in wage reductions, rates of unemployment rise. The unemployment rate tends to drop during economic expansions.
Cyclical unemployment is usually a short-term problem. Government intervention, such as fiscal policy geared towards stimulating overall buying power, could be used to alleviate the issue and thus, reduce cyclical unemployment by making firms more eager to hire.
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Jana has offered to conduct a card-sort to help with user testing for your company’s new website. What is Jana hoping to determine with a card-sort?
Answer:
Your Site's Navigation
Explanation:
Card sorting is one such technique that has been used for many years due to its reliability and effectiveness
Card sorting is a method used to help design or evaluate the information architecture of a site. In a card sorting session, participants organize topics into categories that make sense to them and they may also help us to label these groups. To conduct a card sort, we can use actual cards, pieces of paper, or one of several online card-sorting software tools.
Chipper's Golf Resort has learned that Rory McIlroy is interested in putting his name on golf course designs; however, in order for any golf course to be acceptable to him, it will cost a minimum of $20 million to build. Chipper's owners want an international presence, and they believe that "just the way golf club companies became publicly traded corporations, it may be time for golf courses to do the same." The plan is to begin to purchase real estate for four new golf resorts. Proceeding with their venture, the owners have calculated that they will need approximately $100 million. But putting together an IPO is another matter. After meeting with their investment banker, they believe that investors will be willing to pay $16/share for the IPO. As the ___________ for this issue, the investment bank requires 3% of the revenues generated by the sale. Chipper's will need to issue _______ shares in order to have the $100 million they need to proceed with their plan.
Answer:
As the underwriter for this issue, the investment bank requires 3% of the revenues generated by the sale. Chipper's will need to issue more than 6,443,299 shares shares in order to have the $100 million they need to proceed with their plan.
Explanation:
Chipper's Golf Resort should sell $103,092,784 worth of stocks in order to get $100 million after they pay the underwriter's fees (= $100 million / 97%). If they plan to sell each stock at $16, then they will need to sell 6,443,299 stocks (= $103,092,784 / $16).
The total demand for money is the sum of the transactions demand plus the ____________ demand for money.
The total demand for money includes the sum of the transactions demand and the speculative demand for money. M1 and M2 are monetary aggregates that measure the total amount of money available in an economy for these transactions.
Explanation:The total demand for money is the sum of the transactions demand plus the speculative demand for money. The transactions demand is the money needed to carry out the everyday transactions. On the other hand, the speculative demand for money is the money that people choose to hold as a form of financial investment, when they expect changes in interest rates, or when there are uncertainties in the market.
The total amount of money in an economy that can carry out transactions is typically measured by the monetary aggregate M1 or M2. M1 includes coins, currency in circulation, and checkable or demand deposits. M2 includes M1 as well as other types of deposits such as savings deposits and time deposits.
Moreover, the demand for financial capital (money) also represents groups that are borrowing the money, including businesses that need to borrow to finance their investments and the federal government when it runs a budget deficit.
Silics Inc., a software firm, decided to hire a technical expert. The company conducted an aptitude test followed by structured interviews for candidates. David, an African American, did exceptionally well in all the assessments, but Silics Inc., known for discriminating against African Americans, rejected him. David then filed a case against Silics Inc. on charges of racial discrimination. In the context of affirmative action, the company will most likely be required to:
Answer:
D) pay attorney's fees and court costs for David.
Explanation:
This is something the company would only start with when it comes to affirmative action. It is essential to cover David's court costs, as he is the discriminated party in this case.
Afterward, the company would most probably give David a job offer, reflecting on his exceptional assessment.
Since this is an individual case (only David has sued the company), this will not affect other minorities already working in the company.
What are the approximate dimensions of a township in the rectangular survey system.
Answer:
Six miles by six miles
Explanation:
Survey township, seldom known as Congressional township, essentially been utilized by the US Public Land Survey System, which is nominally by the U.S. review it was been approximately estimated that it is "six miles by six miles" aside. The precincts are referenced by a valuation method that determines the township in association to a chief meridian (north-south) furthermore, the baseline (east-west). The estimated dimensions of a township in the rectangular review system are six miles by six miles.
Hunt Company purchased factory equipment with an invoice price of $90,000 on Jan 1. Other costs incurred were freight costs, $1,100; installation wiring and foundation, $2,200; material and labor costs in testing equipment, $700; oil lubricants and supplies to be used with equipment, $500; fire insurance policy covering equipment, $1,400. The equipment is estimated to have a $5,000 salvage value at the end of its 8-year useful service life. Instructions
(a) Compute the acquisition cost of the equipment. Clearly identify each element of cost.
(b) If the double-declining-balance method of depreciation was used, show the journal entry to record depreciation expense for the first fiscal year on Dec.31.
Answer:
(a) $94,000
(b) 25%
Explanation:
Given:
Part (A)
Invoice price = $90,000
Freight cost = $1,100
installation wiring and foundation = $2,200
testing cost = $700
total acquisition cost = 90000+1100+2200+700 = $94,000
Part (B)
1/8 * 2 = 0.25 or 25%If the economy is in a recession and prices are relatively stable, then the discretionary fiscal policy or policies that would most likely be recommended to correct this macroeconomic problem would be
Answer:
The government can decide to increase their spending in an attempt to boost private consumption and investment, or the government can decide to lower taxes which usually does increase private consumption and investment.
The government can also decide to carry out a combination of both policies, but the problem with that dual approach is that it will increase the government's deficit and national debt.
Time series data gathered monthly for the last 48 months produced the following trend equation: Sales 7380- 33t, where t is the numerical value for the next month. As national sales director you Select one:
a. should congratulate your sales force at the next meeting.
b. expect a raise
c. start looking for a new job.
d. ask for a raise
Answer:
c. start looking for a new job.
Explanation:
c. start looking for a new job.
It is C because with each increasing month the sales revenue would decrease indicating a continuous loss in income. Therefore it is better to look for a new job as the authorities would be firing the sales director who has given a continuous decrease of sales in the past four years (48 months)
The trend equation indicates a negative sales trend, which suggests the sales director should consider strategic actions rather than celebratory or optimistic choices based on the current sales trajectory.
The question pertains to interpreting a trend equation in the context of time series data for sales. Given the trend equation Sales = 7380 - 33t, where 't' stands for the month number, we can deduce that this is a decreasing trend. The coefficient for 't' is negative, which implies that sales are predicted to decrease by 33 units each month. Therefore, options a, b, and d, which suggest celebrating or expecting a raise, may not be appropriate given the decline in sales. Option c, 'start looking for a new job,' could be considered a somewhat pessimistic reaction, but it implies that action may need to be taken due to the negative sales trend.
When analyzing time series data, it is crucial to understand the direction of the trend and the rate of change. A negative trend indicates that sales are going down, which could require strategic interventions to reverse. This understanding allows a national sales director to make informed decisions moving forward.
Whirlwind Financial Corporation sends its executives to a resort in Mexico-at taxpayer's expense-to consider using the firm's cash to buy back its stock and thereby prop up the value. Many of its competitors are doing the same thing. One of the best ways to learn about the ethical responsibilities inherent in operating a business is to look at the mistakes made by other companies.True / False.
Answer:
True
Explanation:
The best way to learn about ethical responsabilities is using the events that happen before with other companies, on special when we talk about ethical responsabilities we have dilemmas that sometimes are hard to approach and identify the right way to do the right thing. Many of the dilemmas are related to others (employees, suppliers, customers) and in general the society around any company. And is so important learn about the mistakes analyzing previous choices and decisions from other companies.
For this reason the statement " One of the best ways to learn about the ethical responsibilities inherent in operating a business is to look at the mistakes made by other companies" is TRUE.
what type of consideration does the proposed insured offer to an insurance company?
Answer:
the payment of the insurance premiums
Explanation:
Consideration in contract law refers to an exchange of something of value, e.g. I pay $5 in exchange for a hamburger.
In insurance contracts, consideration provided by the insured refers to paying the insurance premium. Consideration provided by the insurance company is the promise to pay in case of a covered loss.
The type of consideration offered by the proposed insured to an insurance company is payment of the insurance premium.
What is a consideration?A payment made by one party to another in exchange for the transfer of something of value is referred to as consideration. Consideration can take the form of property payment, obligation settlement, or forbearance. It must be valuable to both parties involved in a transaction. A contract can be declared invalid if valuable consideration is not included. Consideration should be measurable. Thus, an offer of money in exchange for services rendered is regarded as a valid form of consideration, whereas a promise of increased affection in exchange for a service is not quantifiable and thus is not regarded as a valid form of consideration.
A consideration is a promise of something of value made by a promisor in exchange for something of value made by a promise; the thing of value is typically goods, money, or an act. Consideration is the concept of value offered and accepted by individuals or organizations entering into contracts. Consideration can be anything of value promised by one party to the other when making a contract.
What is an insurance premium?An insurance premium is the amount of money paid by an individual or business for an insurance policy. Premium for policies covering healthcare, auto, home, and life insurance are paid. The premium is income for the insurance company once it is earned. It also represents a liability because the insurer is required to provide coverage for claims made against the policy. If an individual or a business fails to pay the premium, the policy may be cancelled.
When you purchase an insurance policy, your insurer will assess a premium. This is the cost of the insurance policy. Policyholders can pay their insurance premiums in a variety of ways. Some insurers allow policyholders to pay the insurance premium in monthly or semi-annual instalments, whereas others may require a full upfront payment before any coverage begins.
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American settlers angered Mexican officials by refusing to convert to Catholicism and violating the Mexican ban on ____________.
Answer:
slavery
Explanation:
American settlers angered Mexican officials by refusing to convert to Catholicism and violating the Mexican ban on slavery.
American settlers feel angry for mexian official because they reject to shift toward Catholicism and also refuse the Mexian ban on slavery.
A broker allowed her license to expire and renewed it 32 days after the expiration date. What does she need to do to reinstate her license?A. Pay the renewal feeB. Pay the renewal fee, and pay half the renewal fee for it being over 30 daysC. Pay the renewal fee and retake the state examinationD. Pay the renewal fee and take 8 credit hours of continuing education
Answer:
B
Explanation:
she has to do the following to reinstate her license - Makes a proper application within thirty-one days after the date of expiration, by payment of the regular three-year renewal fee.
Although the lines are blurring, the "many-to-many" media transmission function is largely the domain of ___.
Answer: digital content transmitted online.
Explanation: This is a new type of communication that allows users to communicate with large audiences online simultaneously. This is done using social media platforms. This is often done in 2 ways: a platform where the audience can watch and react in real time, or a platform where the audience can only watch and listen. During a many - to - many transmission, of the people participating, each individual can post a message and each individual can receive the message. An example of this on social media right now is Instagram live.
What is the account that shows the difference between the stock's par value and what new stockholders paid when they bought newly issued shares?
Share Premium Account that shows the difference between the stock's par value and what new stockholders paid when they bought newly issued shares.
Explanation:
Share premium has been the difference between the nominal value of shares of an undertaking and the total number that the undertaking receives for shares issued recently.
For example, Company ABC has released 300 shareholdings.
The stock is given a par value or is worth $10, but $15 is paid out per share.
So the company's debt is $4,500. The share capital is just $3,000 of that $4,500. The leftover $1,500 is an equity premium, which is a reward for partial company ownership for funds raised by shareholders. In the equity premium account, $1,500 is reported on the balance sheet for the corporation.
Annette is currently in the 25% marginal tax bracket. She had a long-term capital gain from the sale of stock and another capital gain from a coin collection. Assuming that the combined gains are not large enough to push her into a higher marginal bracket, she will be taxed _____% on the gain from the sale of stock and _____% on the gain from the coin collection.
Answer:
Annette's long term capital gains are taxed at 15% rate.
Short term capital gains are taxed as gross income, therefore Annette will be taxed at 25% rate.
Explanation:
Capital gains are taxed at 0%, 15% or 20%, depending on your taxable income and filing status. Most taxpayers fall under the 15% rate (yearly income between $39,376 to $434,550). Since Annette's current tax bracket is 25% (should be 24% instead) her income is between $84,201 to $160,725, so she also falls under the 15% long term capital gains tax rate.
Entrepreneurs need to know the basics of accounting even if they hire a professional because _________.A) the entrepreneur will be able to have the same level of expertise
B) they no longer need to pay attention to accounting
C) they will need to understand the financial reports
D) they will need to tell the accountant what information is required.
Answer:
C) they will need to understand the financial reports
Explanation:
Accounting reports communicate business performance in a period. They show the financial strength or weakness of a business. The accounting report indicates whether a company is growing or declining.
An entrepreneur will be at an advantage if they can understand and interpret accounting reports. He or she will tell how the business is faring. The entrepreneur will be in a better position to make decisions if they understand the content of an account
Demand curves intersect the quantity axis due to ________ and intersect the price axis due to ________.
Answer:
time limitations in limited marginal utility; limited income and wealth
Explanation:
Demand curves intersect the quantity axis due to time limitations in limited marginal utility, which explains the second law of demand – the lower the price, the higher the quantity demanded. While it intersects the price axis due to limited income and wealth, which also explains the second law of demand – the higher the price, the lower the quantity demanded.
The marginal utility of a consumer is limited, because, the more of the goods consumed, the amount of satisfaction derived decreases. Hence, the demand curve intersects the quantity axis, indicating the point when the consumer derives no more satisfaction from the consumption of that good.
On the other hand, as a result of limited income of the consumer, it would come to a point when the consumer will not be able to purchase any quantity of the goods as the price increases. The point at which the demand curve intersects the price axis, indicates he point where the consumer income cannot purchase any quantity of the goods.
Final answer:
Demand curves intersect the quantity axis when the price is zero, suggesting consumers would demand a large quantity, while they intersect the price axis at a very high price indicating a quantity demanded of zero.
Explanation:
Demand curves intersect the quantity axis due to zero price and intersect the price axis due to infinite price.
In the context of a demand curve, intersection with the quantity axis occurs when the price of the good is zero, implying consumers will demand a theoretically infinite quantity, limited only by their consumption capacity or desire. On the other hand, intersection with the price axis happens when the price is so high that the quantity demanded falls to zero, as consumers are not willing or able to purchase the product at such prices.
Together, demand and supply determine the price and the quantity that will be bought and sold in a market. The equilibrium price and quantity are where the demand curve intersects the supply curve.
A clothing dealer sold two shirts at 12$ each. On one he made a profit of $20; on the other he lost $20. How many dollars did he lose on the two sales combined?
Answer:
0 (his combined loss is zero)
Explanation:
Given a profit of $20 on the sale of the first shirt,
and a loss of $20 (the same amount) on the sale of the second shirt,
The combined loss = $20 + (-$20)
= $0.
So long as the absolute values of the profit and loss are equal, the combined effect will be zero. However, selling a cloth at $12 and making a profit of $20 (a higher figure than the sales amount) is highly doubtful. This will nevertheless not affect the combined effect of an equal amount of profit and loss.
sharice just accepted a job offer from an intriguing company. It encourages video game play on breaks to build camaraderie among co-workers and emphasizes "giving back" through community service in the neighborhood. Based on this information, you would conclude that Sharice is employed
Question: Sharice just accepted a job offer from an intriguing company. It encourages video game play on breaks to build camaraderie among co-workers, happy hours to get to know team members, and emphasizes "giving back" through community service once a month in their neighborhood. Based on this information, and what you know from this chapter, you would conclude that Sharice is employed ___________.
a. at a great workplace
b. at a positive institution
c. in her career
d. at a job
Answer: At a positive institution.
When a firm is overly dependent on one or more products or markets, and the intensity of rivalry in that market is intense, the firm may wish to ____ by making an acquisition. a. broaden its competitive scope b. increase its economies of scale c. overcome entry barriers d. increase new product speed to market
Answer: broaden its competitive scope
Explanation: An organization's competitive scope is characterized as a feature of the number of value chains in which the enterprise is involved. The involvement in these stages in these stages is separate but interconnected.
In the given case, the company runs in an industry which have heavy competition. Thus, that enterprise should broaden their customer base by making acquisition or mergers so that they can have extra resources to compete with their rivals efficiently.
Competitive scope can be categorized as segment scope, vertical scope, geographical scope and industry scope.
Far Side Corporation is expected to pay the following dividends over the next four years: $11, $8, $5, and $2.
Afterward, the company pledges to maintain a constant growth rate in dividends forever. If the required rate of return on the stock is 12 percent, what is the current share price?
Answer:
Current price of share=40.1
Explanation:
The current value of a share is the present value of future dividends in perpetuity, discounted at the cost of equity (i.e. the return required by the providers of equity capital).
Based on the above discussion the share price shall be calculated as:
Present value of year 1 dividend=11(1+12%)^-1=9.82
Present value of year 2 dividend=8(1+12%)^-2=6.38
Present value of year 1 dividend=5(1+12%)^-3=3.56
Present value of year 1 dividend=2(1+12%)^-4=1.27
Present value of dividend after year 4=(d(1+g)/ke-g)(1+ke)^-4=(2(1+5%)/12%-5%)(1+12%)^-4=19.07
(Assuming that dividend growth rate is 5% after year 4)
Current price of share=40.1
(9.82+6.38+3.56+1.27+19.07)