A firm with a 26 percent return on equity earned 26 cents in profit for every one dollar in shareholders' equity.
What is return on equity?
The return on equity measures the rate of return on shareholders' equity based on the net income earned by the company, in other words, it is determined as the net income or earnings divided by the shareholders' equity
return on equity=net income/shareholders' equity
return on equity=26%
net income=unknown(assume it is x)
shareholders' equity=100 cents($1=100 cents, since the earnings were expressed in cents)
26%=net income/100 cents
net income=26%*100 cents
net income=26 cents
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When a company makes an end-of-period adjusting entry that includes a debit to supplies expense, the credit is usually made to?
When a company makes an end-of-period adjusting entry that includes a debit to supplies expense, the credit is usually made to supplies.
Supplies are purchased and debited into an asset account until they are actually used. Once being used, they are converted to an expense.
Therefore, Supplies can be considered a current asset if their dollar value is significant.
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Zweig company's adjusting entries include a debit to accounts receivable and a credit to service revenue. this means that zweig:_______
This means that Zweig provided services for which it did not yet receive payment. If Zweig recorded service revenue as a debit, it meant that Zweig had been paid for the already-performed service.
Adjusting entries are modifications to previously written entries in your journal. Journal entries record the inflow and outflow of funds into and out of the various accounts in your business. Making an adjustment entry ensures that the operations of your company are accurately and timely recorded. Your records will show you paying for expenses before they are actually incurred or collecting unearned earnings before you can use the money if you don't make adjustment entries.
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____ focuses on the productivity of the individual worker; the _____ approach focuses on the total organization.
Individual focuses on the productivity of the individual worker; the organizational approach focuses on the total organization.
Individual productivity in the workplace entails executing tasks that advance you toward achieving your objectives in a timely manner and contribute to your work-life balance and simplicity.
You divide the average production for a given period by the expenses incurred or the resources, such as staff, used during that period to determine productivity.
Being able to create, especially quickly and with excellent quality, is a sign of productivity. Making excellent school tasks in a short amount of time is an example of productivity. How quickly toys can be produced in a toy factory is an illustration of productivity.
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During june, buttrey corporation incurred $79,000 of direct labor costs and $19,000 of indirect labor costs. the journal entry to record the accrual of these wages would include a:_________
Answer: debit to work in Process of $79,000.
What is journal entry?A journal entry is used to record a business transaction in the company's accounting records. The main ledger is where journal entries are frequently made, however they can alternatively be created in a subsidiary ledger and then rolled forward into the general ledger after being summarized. After that, financial statements for the company are generated using the general ledger.
According to the logic underlying a journal entry, every business transaction should be documented in at least two locations (known as double entry accounting). For instance, the income account and the cash account are both boosted when you make a cash sale. Alternately, raising the accounts payable and inventory accounts results from making purchases on credit.
Explanation:
Cost of direct labor: $79,00 and
$19,000 is indirect labor costs
Work in process is debited and factory payroll is credited when direct labor costs are allocated to it.
Manufacturing overhead is deducted and factory payroll is credited when direct labor costs are attributed to work that is already in progress.
In order to record the accrual of Direct labor expenses, a journal entry would need to debit work in process by $79,000 and credit factory payroll by the same amount.
In order to record accrual of indirect labor costs, a journal entry would debit manufacturing overhead by $19,000 and credit factory payroll by the same amount.
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When an electronics company sells its global positioning systems to a car manufacturer, it is engaged in ________ marketing. multiple choice
When an electronics company sells its global positioning systems to a car manufacturer, it is engaged in B2B marketing.
What is B2B marketing?
Business marketing is a form of marketing used by people or organisations. It enables users to sell goods or services to businesses or nonprofits that then resell them, incorporate them into their own goods or services, or use them to fund their endeavours. It is a means of advancing commerce and raising earnings as well. We've divided the many business customers in B2B marketplaces into four fundamental groups in order to provide you a better understanding of them: producers, resellers, governments, and institutions. It refers to any marketing tactic or piece of material used by one company to promote to and sell to another company. For instance, B2B marketing is frequently used by businesses that sell goods, services, or SaaS to other businesses or organisations.
Therefore,
When an electronics company sells its global positioning systems to a car manufacturer, it is engaged in B2B marketing.
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Exchange rates, interest rates, and inflation are all considered part of the _________ environment.
Exchange rates, inflation, and interest rates are all considered part of the economic environment.
The economic environment is referred to as the macro-economic factors, which includes, economic growth, national income, and inflation, which thus affect patterns of consumer and business spending. Thus, companies sell products at lower prices and so they are able to attract larger number of customers.
When considering the rise and fall of the economy in general, within certain industries, or maybe in the specific parts of the world, this rise and fall of economy has a big impact on what customers tend to buy.
Hence, the economic environment is considered important because of the rapid integration of international economic markets.
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The cost to lay off an employee is what percent of the hiring cost for that level?
The cost to lay off an employee is what percent of the hiring cost for that level is 30-50 percent.
What is the cost of hiring?Finding the ideal employee can be expensive in and of itself. Business consultant Bill Bliss, president of Bliss & Associates Inc., claims that the hiring process alone might have a number of high potential expenses.
These include the time spent advertising the position, the time spent by an internal recruiter, the time spent by the recruiter's assistant reviewing resumes and carrying out other tasks related to recruitment, the time spent by the person conducting the interviews, the time spent on drug tests and background checks, and the cost of various pre-employment assessment tests. Even a $8/hour employee might wind up costing a business $3,500 in turnover expenses, both direct and indirect. Not every new hiring will require the same procedure.
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Classifying items on the balance sheet as current and noncurrent assists financial statement users in assessing what aspects about a company?
The classification of items on the balance sheet as current and noncurrent assists the financial statement users in assessing the solvency & liquidity a company.
What is a solvency & liquidity?A solvency means a firm ability to meet long-term debts and continue operating into the future while the liquidity means the firm ability to pay short-term bills and debts and a company's capability to sell assets quickly to raise cash.
Therefore, the classification of items on the balance sheet as current assets (such as inventory, debtors, cash, bank) and noncurrent (land, machinery, building etc) assists the financial statement users in assessing the solvency & liquidity a company.
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An increase in productivity as a result of a new technology would cause the production possibilities frontier to:________
An increase in productivity as a result of a new technology would cause the production possibilities frontier to shift outward.
What is the production possibilities frontier?The production possibilities frontier is a graph that depicts the various combination of two goods a company can produce when all its resources are fully utilised.
When a company produces on the production possibilities frontier, it is producing efficiently. When a company produces inside the production possibilities frontier, the firm is inefficient in its production. A company cannot produce outside the production possibilities frontier given its level of resources and technologies.
The production possibilities frontier is concave to the origin. This reflects the opportunity cost involved in production. As more of one good is produced, less of the other good would have to be produced. This is because the resources with which to carry out production are available in limited quantities.
Factors that cause the production possibilities frontier to shift outward include:
1. technological advancement
2. increase in available resources.
3. increase in the labour force.
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An integrated audit performed under the sarbanes-oxley act requires that auditors provide opinions on?
An integrated audit performed under the Sarbanes-Oxley Act requires that auditors provide opinions on financial statements and internal control.
An integrated audit tends to consider the relationship between financial and operational controls and also the information technology in establishing an effective and efficient internal control environment.
Since the Sarbanes-Oxley Act came into effect, management is thus responsible for maintaining, establishing, and reporting on an internal control structure, and here the auditors are required in order to assess the internal control structure.
Hence, the objective of an integrated audit is for the auditors to express an opinion on the company’s controls on financial reporting.
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In a weaker economy, some high-end brands may seek to become more attractive to additional customer segments. one way to do this is to __________ the brand.
In a weaker economy, some high-end brands may seek to become more attractive to additional customer segments. one way to do this is to reposition the brand.
This is further explained below.
What are high-end brands?Generally, It's possible that some high-end businesses may try to appeal to a wider variety of consumers while the economy continues to struggle as a whole.
Repositioning the brand is one approach that may be used in this direction.
In conclusion, The highest-end versions of things, particularly electronic ones, often come with the highest price tags.
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The assets of a company total $714,000; the liabilities, $207,000. what are the net assets?
The Net assets in stockholders equity of the company are $507,000
How to Calculate Net Assets?Net assets are the value of a company's assets minus its liabilities. It is calculated as (Total Fixed Assets + Total Current Assets) – (Total Current Liabilities + Total Long Term Liabilities).Now,
Assets = Liabilities + Stockholders' Equity
$714,000 = $207,000 + Stockholders' Equity (or Claims of the Owners);
Stockholders' Equity = $507,000
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Sully company sells 20,000 units at $12 per unit. variable costs are $9 per unit, and fixed costs are $25,000. determine the contribution margin ratio.
The contribution margin ratio is 25%. The number of units sold is 20,000 units. The selling price per unit is provided at $12 per unit. The variable cost per unit is provided at $9 per unit. The fixed costs are given at $25,000.
Sales of the company 20,000 × 12 = 240,000
The variable cost of the company is 20,000 × 9 = 180,000
Contribution margin will be 240,000 - 180,000 = 60,000
The contribution Margin ratio will be Contribution margin/ Sales ×100
60,000/240,000 ×100 = 25%.
The contribution margin is the sales amount that is not covered by the variable cost. So the contribution amount can be used to bring down the fixed costs of the company. The higher the contribution margin, the more efficient the company will be better in covering its overhead costs.
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Demand curves slope ____ because as the price increases and other things remain the same, the quantity demanded ____.
Demand curves slope downwards because as the price generally and actually increases and other things remain the same, the quantity demanded decreases.
What is a Demand Curve?The demand curve is a graphical portrayal of the connection between the cost of a decent or administration and the amount demanded for a given timeframe.
The demand curve will move descending from the left to the right, which communicates the law of demand as the cost of a given ware builds, the amount demanded diminishes, all else being equivalent. How much rising cost converts into falling demand is called demand versatility or value flexibility of demand.
Therefore Different elements can move the demand curve too, like an adjustment of buyers' inclinations.
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Since optimization is used to analyze people's choices and help them improve the outcomes of their choices, its:_____
Since optimization is used to analyze people's choices and help them improve the outcomes of their choices, its both normative and positive.
What is optimization?
Making a trading system more efficient through optimization entails changing the technical analysis variables. By lowering specific transaction costs or risks or by focusing on assets with higher expected returns, a trading system can be made more efficient.
The process of refining a portfolio, algorithm, or trading system in order to minimize costs or boost efficiency is known as optimization.
Reduced risks, higher predicted returns, or a change in rebalancing frequency can all be used to improve portfolios.
Optimization is a continuous and ongoing activity because markets and rules change frequently.
To adapt to shifting market conditions and lower the likelihood of programming errors, trading algorithms require ongoing optimization.
There is a risk of over-optimization because maximizing one component can entail minimizing other others.
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One goal of low-cost programs aimed at improving the health of older people is to?
The objective of low-cost programs designed to improve the health of seniors is to address the issue that many seniors lack understanding of their own chronic health issues.
An important risk factor for functional impairment in older persons is the presence of many chronic conditions, commonly known as comorbidities or multi-morbidities. Functional impairment is the inability to carry out regular domestic tasks and chores or to participate in activities outside the home without interference. Many older persons experience an increasing number of complex health problems as they age, which negatively impact their ability to function on a day-to-day basis and their general quality of life. The prevalence of memory problems adds to these worries for some individuals and groups of older folks.
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What were costco operating and net profit margins in that year? how do they compare with its margins in the prior year?
A. The operating profit margin was 3.10% while the net profit margin was 2.40% in 2019. The former decreased while the latter increased with respect to those of the prior year.
What are the operating profit margin and net profit margin?The operating profit margin is the ratio of the operating profit to the net sales for the period.
The net profit margin is the net income ratio to the period's net sales.
Both operating profit margin and net profit margin are financial ratios used to indicate the profitability of the business, making it comparable to previous periods or other businesses.
Data and Calculations:2019 (Millions) 2018 (Millions)
Net Sales $149,351 $138,434
Operating Income 4,737 4,480
Net Income 3,659 3,134
Operating Income margin 3.17% 3.24%
Net Income margin 2.45% 2.26%
Operating Income margin = Operating Income/Net Sales x 100
Net Income margin = Net Income/Net Sales x 100
Thus, Option A is the best choice for Costco's operating profit and net profit margins for 2019.
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Question Completion with Answer Options:2019 (Millions) 2018 (Millions)
Net Sales $149,351 $138,434
Operating Income 4,737 4,480
Net Income 3,659 3,134
(Select the best choice below.)
O A. The operating profit margin was 3.10% while the net profit margin was 2.40%. The former decreased while the latter increased with respect to those of the prior year.
OB. The operating profit margin was 3.02% while the net profit margin was 2.12%. The former decreased while the latter increased with respect to those of the prior year.
OC. The operating profit margin was 3.16% while the net profit margin was 2.21%. The former decreased while the latter increased with respect to those of the prior year.
OD. The operating profit margin was 3.19% while the net profit margin was 2.08%. The former decreased while the latter increased with respect to those of the prior year.
Molding and sanding each unit of product would most likely be classified as a ________ cost.
Molding and sanding each unit of the product would most likely be classified as a (B) unit-level cost.
What do we mean by unit-level cost?A unit cost is a total cost incurred by a business to produce, store, and sell one unit of a specific product or service. The cost of goods sold is synonymous with unit costs (COGS). This accounting metric includes all fixed and variable costs associated with the manufacture of a product or service. Every time service or a product is provided, unit-level activities take place. Unit-level activities include the costs of direct materials, direct labor, and machine maintenance. Molding and sanding each unit of the product, for example, would almost certainly be classified as a unit-level cost.Therefore, molding and sanding each unit of the product would most likely be classified as a (B) unit-level cost.
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The correct question is given below:
Molding and sanding each unit of the product would most likely be classified as a ________ cost.
(A) product-level
(B) unit-level
(C) batch-level
(D) facility-level
When assessing the pulse of an unresponsive infant, you should palpate the ________ artery.
Answer:
Circulation: check for pulse at the brachial artery, in the infant's inside upper arm. If there is none, perform five compressions - 2 fingers (approximately ½ the size of a hand), 1/3 to 1/2 the depth of the infant's chest.
Explanation:
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2. List FIVE different presentation methods that are now available to presenters and explain
how they are making presenting more interactive?
FIVE different presentation methods are now available to presenters.
A number of the exceptional presentation strategies, the primary ones are formal and formal. Their distinction is specifically in the fashion of your shipping and the information presentation methods. The formal presentation is pleasant desirable for the enterprise meetings or university degree, scientific displays.
Informative shows.Instructive presentations.Persuasive shows.Motivational displays.progress presentations.if speakme to presentation slides, keep away from cluttering them with a lot records that no person will read them. encompass the simplest key points on the slides and intersperse images in the course of your presentation to create a hobby and connect with your target audience's senses.
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If someone has failed to live up to a promise made to a business organization, the business organization should:____.
If it happens that someone has failed to live up to a promise made to a business organization, the business organization should seek a legal remedy within the courts.
What is a promise?In the legal context, a promise refers to a mere proposition of an offer.That means that a promise be binding on both parties but nearly impossible to be enforced by law.
When a promise made to a business organization is violated after an agreement, the business organization should seek a legal remedy within the courts. The legal remedy is how a person who has been wronged can seek justice and be compensated for the harm they have suffered; could be in form of money, property, relief etc.
However. In order to obtain a legal remedy, it is often necessary to go to court and prove that the other person is at fault. An examples of legal remedies include damages, injunctions, and specific performance etc.
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Using the collective power of a community to identify and classify content significantly ________ content categorization costs.
Using the collective power of a community to identify and classify content significantly lower content categorization costs.
What does a community's collective power entail?The two types of power highlighted by social scientists—collective power and distributive power—are included in Russell's concept. It is the combination of organization, cooperation, morale, and technology that enables one group or nation to thrive and succeed while another one falters.
Collective power is the ability of a group to fulfill its collective goals. It is a crucial sort of power, yet it is rarely discussed and frequently taken for granted. It is what enables the existence of distributive power since, without the group's ability to work together and produce, there would be nothing to fight over.
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The five-forces model helps to determine both the nature of competition in an industry and the profit potential for the industry. true/ false
It is true that the five-forces model helps to determine both the nature of competition in an industry and the profit potential for the industry.
What Are Porter's Five Forces? Porter's Five Forces provides a framework for analyzing a company's competitive environment.Porter's Five Forces are a useful framework for assessing the competitive forces that affect a range of business industries.Michael E. Porter, a professor at Harvard Business School, developed it in 1979, and it has since developed into a crucial management tool.These factors include possible new market entrants, suppliers, customers, and replacement items that affect a company's profitability. These forces can be both many and powerful.The examination of the Five Forces can be utilized to direct business strategy and boost competitive advantage.Porter's five forces are:
Competition in the industry.Potential for new competitors to enter the marketInfluence of suppliersInfluence of consumersReplacement product riskTo know more about Porter’s five forces, visit:
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Savvy sightseeing had beginning equity of $72,000; revenues of $90,000, expenses of $65,000, and dividends to stockholders of $9,000; there were no stock issuances. calculate the ending equity.
Ending Equity + Revenues - Expenses - Owner Withdrawals = Beginning Equity
Calculating Ending Equity is $72,000 + $90,000 - $65,000 - $9,000
ending equity of 88k
In finance, what does equity mean?
Equity is the value that would be given back to a company's shareholders if all of the company's assets were sold off and all of its debts were settled. Another way to conceive of equity is as the amount of ownership that remains in a company or asset after all associated debts have been paid off.
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__________ is managing upstream and downstream value-added flows of materials, final goods, and related information among suppliers, the company, resellers, and final consumers.
Supply Chain Management is the management of upstream and downstream value-added flows of materials, final goods, and related information among suppliers, company, resellers, and final consumers.
What is Supply Chain Management?Supply chain management is the process of managing the entire manufacturing flow of a good or service, from the procurement of raw materials to the delivery of the finished product to the client.
The process of organizing the numerous tasks required to produce and deliver goods and services to customers is known as supply chain management. A few examples of supply chain activities include designing, farming, manufacturing, packaging, and shipping.
The five elements of supply management are supply planning, production planning, inventory planning, capacity planning, and distribution planning.
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If the economy is operating at point c, the opportunity cost of producing an additional 15 units of bacon is.
If the economy is operating at point c, the opportunity cost of producing an additional 15 units of meat is 20 units of eggs.
Opportunity cost is a theory that arises from scarcity, as well as unlimited human needs and wants. Therefore, opportunity costs usually occur when humans are faced with two or more choices.
In addition, it is important to understand the concept of opportunity cost because there are several reasons as follows.
Sharpen decision-making skillsIt's wiser to accept the riskForming more positive thoughtsHelp plan a better futureExamples of Opportunity Costs in Daily Life
For example, a person only has 15 dollars. However, he was faced with a choice, namely, to buy fried chicken rice or a boba drink. He can only choose one of the two menus because the money he has is limited. In the end, he chose to buy a boba drink, so he missed the opportunity to eat fried chicken rice.
The picture above is the concept of applying opportunity cost in everyday life. Essentially, any of these opportunity costs must be profitable.
When viewed in terms of cost, the choice of the lowest load or the lowest cost will be an alternative cost. Meanwhile, when viewed in terms of production, choose which sector is able to produce more products than others.
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the general manager of a major league baseball team reasons that hiring an all-star-caliber third baseman would allow the team to win
According to the marginal productivity theory, the price of each production factor will be equal to its marginal productivity in a market with perfect competition. The industry establishes the factor's price. The quantity of a certain factor that the firm uses when the price is equal to its marginal productivity
Because it is inefficient to pay employees, a company that seeks to maximize profits would hire people up until the point where the marginal revenue product and the wage rate are equal.
According to their ability to produce, workers should be paid a certain amount, according to the marginal productivity theory.
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To do a thorough environmental scan, a marketer must consider both current and potential ________ in designing a marketing strategy.
To do a thorough environmental scan, a marketer must consider both current and potential Competitors in designing a marketing strategy.
What is a Environmental scan?
Environmental scanning is the examination of outside sources to find elements that affect a firm. Finding and consulting sources outside of the company is the key objective. Despite the fact that these sources cannot be controlled from the standpoint of the business, it is crucial to take them into account when making decisions.SWOT analysis is one well-liked technique for scanning the environment. Strengths, Weaknesses, Opportunities, and Threats are each represented by a letter, and each should be examined. The company's internal factors make up the company's strengths and possibilities, while external variables make up the company's weaknesses and dangers.Companies want the environmental scans they invest time and resources in to produce the most thorough results possible.To know more about Environmental scan visit:
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We will have seen the emergence of enormous global markets for standardized consumer products. do you agree with this statement?
Companies are attempting to tailor their products to the needs of the customer due to the rise in consumer awareness brought on by the internet and social media. In order to comprehend consumer purchasing patterns and trends and build the products accordingly, they have been investing in data analytics. Customers also get emails and updates about product recommendations.
But gradually, the tendency has shifted toward standardization of customization, where businesses work to personalize the items but it will result in an uniformity where many buyers will want to purchase the same thing.
The availability of products that were formerly exclusive to a particular market or country has increased due to globalization and international trade. Businesses that adhere to the global standardization idea see the globe as a cohesive whole rather than as a mashup of numerous cultures with disparate preferences. With variations in the product's parameters, such as pricing, promotion, etc., the fundamental concept of the product and the marketing stay the same.
Companies are attempting to offer goods with the best specifications so that they can be accepted globally. With regard to the marketing mix, the optimal balance should be a high percentage of globalization and a small amount of localization.
What is globalization?The term "globalization" refers to the increasing interdependence of the economies, cultures, and populations throughout the world as a result of technology, cross-border trade in goods and services, and flows of capital, labor, and information. Over many years, nations have developed economic alliances to support these movements. However, the phrase became more common after the Cold War in the early 1990s because of how these cooperative arrangements influenced contemporary daily life. With a primary focus on the United States, this guide utilizes the phrase more specifically to refer to international commerce and some investment flows among advanced economies.
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Please help
starbright industries which manufactures radiators has recently begun doing business in japan. its executives make a deal to export a shipment of a new type of radiator to japan once the product exits the production stage. the shipment will be worth one billion yen or approximately $9.4 million us dollars.
how does this situation show the difficulty that may be posed by implementing an international set of standards?
The situation shows why it is difficult to implement an international set of standards because different countries might have different standards they adhere to.
Why is it hard to implement an international set of standards?Countries have differing sets of standards based on the prevailing situations in their nations. When they produce goods and services, they will go by those standards. Those standards can sometimes also give them an advantage over other nations which is probably why Starbright Industries is able to sell radiators in Japan.
If an international set of standards is proposed, some nations might kick against it because they want to maintain their competitive edge. Other nations might not be able to afford to meet the new standards and so will protest as well.
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