Woolworths understands that it can have a positive impact on the retail supply chain to make it more sustainable and reduce its carbon footprint. Woolworths' Sustainability Strategy 2007-2015 established a number of targets and commitments for the company to improve its sustainability and reduce its environmental impact by 2015.
Woolworths has launched a number of initiatives and joined a number of programs that promote and aim to have a low environmental impact. Woolworths retail businesses have signed the Kyoto Protocol, an international agreement established by the Framework Convention on Climate Change. The can be defined as an organization that is seen to be using various techniques to reduce their impact on the environment. This initiative helps to make the world a greener place by reducing emissions that are harmful to people's and animals' health. Woolworths uses the following initiatives to reduce its environmental impact: growing greener by lowering emissions, reducing plastic, and sourcing responsibly.
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The Labour Relations Act provides that every employee has the right not to be unfairly dismissed. Discuss this statement (Refer to section 185 of the LRA) (20)
The National Labor Relations Act ("NLRA"),
National labor relation act approved by Congress in 1935,made it plain that the United States' objective is to promote collective bargaining by upholding employees' complete freedom of organization. By giving workers in private-sector companies the fundamental right to demand better working conditions and choice of representation without fear of punishment, the NLRA safeguards workplace democracy. Section 1. Strikes and other forms of industrial conflict or unrest have the intention or necessary effect of impeding or obstructing commerce by (a) affecting the effectiveness, safety, or operation of the instruments of commerce; (b) occurring as a result of (a) the denial by some employers of the right of employees to organize and the refusal by some employers to accept the procedure of collective bargaining in the flow of commerce; (c) materially affecting, restricting, or controlling the flow of raw materials or manufactured or processed goods from or into the channels of commerce, or the prices of such materials or goods in commerce; or (d) causing a decline in employment and wages in a quantity that significantly affects or disrupts the market for goods flowing from or into the channels of commerce.
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Mark has a weekly income of $40, which he plans to spend on coffee and subway
tickets. If the price of a cup of coffee is $4 and the price of a subway ticket is $2,
what is the opportunity cost of a cup of coffee (in terms of subway tickets)?
The opportunity cost of a cup of coffee is $4.
weekly income = $40
The price of a cup of coffee = $4
The price of a subway ticket is $2
Theopportunity cost of particular interest is the cost or advantage given up via carrying out that activity, relative to conducting an alternative pastime. more truly, it approaches if you chose one activity (for example, the funding you're giving up the possibility to do a one-of-a-kind alternative. The most reliable interest is the one that, net of its possible cost, provides a greater return compared to every other sport.
As a representation opportunity cost of the relationship between shortage and preference, the objective of possible value is to ensure the efficient use of scarce sources. It includes all related charges of a choice, both explicit and implicit. opportunity cost additionally includes the utility or monetary gain a character misplaced, if it's miles indeed more than the eco geo or actions taken
Hence, The opportunity cost of a cup of coffee is $4.
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Which of the Safe Harbor condtion(s) apply as an exemption to the Federal
Anti-Kickback regulations?
One of the acknowledged exceptions to the Anti-Kickback Statute is a discount or other price reduction received by a service provider or other entity under [Medicare or Medicaid] if the price reduction is properly disclosed and appropriately reflected in the costs claimed or charges made by the provider or entity.
What is Safe Harbor condtions?A safe harbor is a well-known exception to the Anti-Kickback Statute in the healthcare industry. While the Anti-Kickback Statute generally forbids financial ties between referral sources and business partners, safe harbors provide ways to legally structure the exchange of compensation. Since 1991, the U.S. Department of Health and Human Services' Office of Inspector General (OIG) has periodically published safe harbor regulations (HHS).Compliance with the safe harbor provisions shields individuals from federal civil and criminal lawsuits, fines, and possible removal from Medicare, Medicaid, and other federally supported health programs.An agreement that violates the Anti-Kickback Statute and is not exempt from prosecution may result in a criminal investigation very fast.Learn more about Anti-Kickback statute here:
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Frank Petronick decided to start an accounting practice after graduation from college. The following is a list of events that occurred concerning Frank’s practice.
June 1: After shopping around, Frank found an office to lease and signed a lease agreement. The lease calls for a payment of $1051 rent per month.
June 4: Frank borrowed $3840 from his grandmother to assist in starting up his new business
June 4: deposits the $3840 plus $534 of his own cash in a new bank account at BMO under the name Petronick Accounting Services.
June 6: Paid the landlord the first month’s rent.
June 8: purchased furniture for $3290 on account
June 11: moved into the office and obtained the first assignment from a client to prepare year end financial statements for $1868
June 15: Performed the work on the assignment and sent an invoice to the customer for $1868
June 15: Paid half of the amount of the June 8 purchase of furniture
June 18: Purchased supplies on account for $339
June 26: paid for internet services, $53 cash
June 28: collected $903 of June 15 billing to the customer
June 30: withdrew cash from the business of $135 for personal expenses
A) prepare a tabular analysis of the effects of the above transactions on the accounting equation.
The accounting equation will be depicted in the debit and the credit form.
What is an accounting equation?An accounting equation can be defined as the transaction with her around two or more transactions with the balance out of the cash book trial balance as well as the account ship.
In the given question the date June 1 and June 4 would not be recorded as this is not considered an accounting transaction or a financial transaction as they are to be paid in the near future, but the rest of the recordings will be counted and accounted for in debit and the credit in the journal entry.
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state 2 sources of income from sales for a pizzeria
Two sources of income from sales for pizzerias include:
Sales of pizzas and other pastries Sales of drinks and refreshments How do pizzerias make money?Pizzerias as the term implies, are places that make and sell pizzas. This means that their chief source of income from sales would be the sale of pizzas. They also make sales of other pastries such as calzones and bread on occasion.
Pizzerias also sell drinks and liquid refreshments for customers to consume when eating the pizzas so this is another source of income from sales for pizzerias.
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Corporate strategies are increasingly focused on environment social and governance practices with the regulators looking to adopt new standards. Please comment on how businesses can take responsibility of their ESG practices and how these factors will impact their obligations and behaviours to drive a sustainable business
Company strategies are increasingly centered on environmental social and governance practices with the regulators looking to adopt new standards: statement on Environmental, Social, and Governance Disclosures for investment Advisers and investment agencies Commissioner Hester M.
While absolutely defined, a company strategy will paint to set up the overall price of a business, set strategic dreams, and motivate personnel to gain them. it's far a non-stop system that should be carefully tailored to respond as it should be to converting conditions inside the marketplace.
Kinds of Company strategies – four foremost kinds: stability strategy, enlargement strategy, Retrenchment strategy, and a combination strategy. The corporate level prevalent strategies pertain to figuring out the businesses the business enterprise shall be engaged in. primary duties: corporate strategists or “enterprise strategists” examine cutting-edge commercial enterprise techniques and expand and put into effect new techniques to improve upon contemporary consequences and/or to fulfill new desires.
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A statement of cash flows classifies cash receipts and cash payments into what 3 categories of activity? For each category of activity, share 2 specific examples of both cash receipts and cash payments based on 2 different business scenarios of your choosing. The business scenarios you choose can be based on real or fictional companies. For example, if you chose Uber and the fictional MarksABunch Art Supplies company, you would share 6 examples of cash receipts and cash payments per company, each broken out into one of the 3 different categories of activity presented in a statement of cash flows.
Indeed, a statement of cash flows classifies cash receipts and payments into three categories of Operating, Investing, and Financing activities.
What are the three categories of activity?The three categories of activity into which the statement of cash flows is divided are:
Operating ActivityInvesting ActivityFinancing Activity.Some of the cash receipts and payments under these three categories are:
Operating Activities: Receipt of cash from customersPayments for materials from suppliers and vendorsCost of delivering raw materials and finished goodsPaying employees and managersPaying income taxesPayments or receipts of rent.Financing Activities:Receiving cash from debtholdersRepaying long-term debtsPaying interestCash receipts from stock issuancePaying dividends to stockholders.
Investing Activities:Receipts from investment loansPayments for investment loansReceipt from the sale of assetsReceipt from the sale of marketable securitiesPayment for the purchase of assetsPayment for the purchase of marketable securities.
Thus, the operating activities differ from the financing and investing activities because the latter are not the organization's core activities.
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According to experts, what percentage of your income should you budget for
essential expenses?
O A. About 90 percent
OB. About 40 percent
O C. About 50 percent
O D. About 20 percent
SUBMIT
50% is the correct answer
How do you differentiate a letter from a memo?
Answer:
memo refers to a short message, written in a informal tone for interoffice circulation of the information. letter are a verbal communication , that contains a compressed message, conveyed to the party external to the business, departments, units or superior-subordinate within the organization.
if customers are prepared to pay $1.50 when this is serv
ble within the bakery, what is the new value added per cake
If customers are prepared to pay $1.50 when this is servable within the bakery $2 is the new value-added per cake.
Bars, bread, cookies, desserts, muffins, pizza, snack cakes, sweet items, and tortillas are among the categories of bakeries and baked products.
A bakery can be started as a retail operation selling baked products to customers from a storefront site or as a wholesale operation selling baked goods to restaurants, grocery stores, and other businesses.
The baking industry has long been seen as recession resistant. This is supported by the fact that people must eat and that many people value and are ready to pay for fresh goods. Comfort meals can be produced as delightful and nutrient-dense baked goods.
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Can someone please tell me which ones are hard or soft skills?
Creativity
Computer Programing
Graphic Design
Civil Engineering
Leadership
Communication
Flexibility
Video editing
Server Maintenance
Time Management
Answer: tell me
Explanation: when you find out let me
Why is the effective handling of negative information of such importance to a company?
The effective handling of negative information of such importance to a company because the purpose of negative or crisis information messages is to arm staff members with the information they need to act wisely in an emergency or crisis.
What is crisis management?An organization's approach to identifying and dealing with a threat, an unexpected incident, or any negative interruption that has the potential to hurt people, property, or business processes is called crisis management.With the help of crisis management, managers can devise strategies for getting out of ambiguous situations and deciding on their next course of action. With the use of crisis management, managers may spot crises in the making, warn personnel of potential repercussions, and take the necessary preventative action.Every workplace negative or crisis information strategy's primary objective is to promote effective internal communication during times of crisis. The ability to quickly distribute information and maintain a consistent message across all organizational platforms is the most critical benefit of a crisis communication plan. That message mostly depends on what the crisis entails and how it affects all parties.Learn more about crisis management here:
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The correct question is:
Why is the effective handling of negative or crisis information of such importance to a company?
A meeting agenda should include the date and place of the meeting, start and end times, a brief description of each topic with its time allotment for each topic
Specify the ground rules. As the host of her first official business meeting, Antonia wants to conduct herself appropriately.
A virtual team is a collection of individuals who use technology to communicate and cooperate while working together toward a common goal across organizational, temporal, and spatial boundaries. Clear action items, an objective account of the business meeting, and all pertinent details including attendees, date, time, and place should be included in meeting minutes. The size of the group is typically too large when working in small groups. According to the research, the ideal group size is three or four—no more than five. Group members should give their entire attention to the arguments put forward by members who disagree with one another.
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Which example demonstrates a floating exchange rate?
The example demonstrates a floating exchange rate: Short-term moves in a floating exchange rate currency reflect speculation, rumors, disasters, and everyday supply and demand for the currency.
In a floating regime, exchange rates are generally determined by the market forces of supply and demand for foreign exchange. For many years, floating exchange rates have been the regime used by the world's major currencies – that is, the US dollar, the euro area's euro, the Japanese yen and the UK pound sterling.
Exchange rates are determined by factors, such as interest rates, confidence, the current account on balance of payments, economic growth and relative inflation rates.When an exchange rate changes, the value of one currency will go up while the value of the other currency will go down. When the value of a currency increases, it is said to have appreciated. On the other hand, when the value of a currency decreases, its value decreases.
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With regard to participative (or democratic) leadership, identify & describe a work situation in which this management style may not be the most effective alternative for success.
Whenever a situation that need a quick decision making such as one made by a situational leader, this is an example of the aspect of participative /democratic leadership that may not be the most effective alternative for success.
What is a democratic leadership?In an organization, the Democratic leadership style is the type of leadership that redistributes power and authority between managers and their employees to promote employee involvement in organizational decision-making processes.
Most time, this democratic leadership style in an organization involves the redistribution of power and authority between employees and managers to provide employee involvement in decision making.
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critically explain the difference between global objectives and national objectives in business with examples
Every company must aim to achieve national aims and goals. By increasing its operations, business can achieve an objective purpose of reducing global inequities between rich and poor nations.
With examples, critically describe the distinction between global and national corporate objectives. Business's global objectives - By extending its operations, business should contribute to the reduction of inequities between wealthy and developing nations. Businesses should produce goods and services that are highly sought-after in international marketplaces and are globally competitive.Business's national objectives- Every company must aim to achieve societal aims and goals. Create possibilities for people to work in lucrative positions. Give everyone the same opportunities. Produce and supply items in conformity with the government's goals and policies' established priority.What is a business goal?Business objectives are a formal statement of your aspirations as an organization. Business goals typically focus on the key operational elements that contribute to a company's success, such as revenue, operations, productivity, and growth.
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Y Dell
You are the training director for tellers at a large local bank. As part of a new training program you are developing, you have given your trainees this "sample" check regis
the balances are incorrect.
Check
Number
1208
PLEASE BE SURE TO DEDUCT ANY BANK CHARGES THAT APPLY TO YOUR ACCOUNT.
Date
4/7
4/14
4/16
4/17
4/21
Need Help? Road It
Description of Transaction
To: Deposit
For:
To: Mario's Market Debit Card
For:
To: ATM Withdrawal
For:
To: Bargain Properties
For:
To: Electronic Payroll Deposit
For:
Amount of
payment or
withdrawal (-)
47 65
135 00
870 00
Amount of
Deposit or
interest (+)
766 80
1,350 00
Balance Forward
Bal. 1,245 10
Bal. 1,197 45
Bal.
Bal.
478 30
Bal.
1,097 45
182 45
1.532 45
You instruct your trainees to find and correct the errors in the balances. If your trainees do so, what should the corrected final balance be (in $)?
Y Dell
You are the training director for tellers at a large local bank. As part of a new training program you are developing, you have given your trainees this "sample" check regis
the balances are incorrect.
Check
Number
1208
PLEASE BE SURE TO DEDUCT ANY BANK CHARGES THAT APPLY TO YOUR ACCOUNT.
Date
4/7
4/14
4/16
4/17
4/21
Need Help? Road It
Description of Transaction
To: Deposit
For:
To: Mario's Market Debit Card
For:
To: ATM Withdrawal
For:
To: Bargain Properties
For:
To: Electronic Payroll Deposit
For:
Amount of
payment or
withdrawal (-)
47 65
135 00
870 00
Amount of
Deposit or
interest (+)
766 80
1,350 00
Balance Forward
Bal. 1,245 10
Bal. 1,197 45
Bal.
Bal.
478 30
Bal.
1,097 45
182 45
1.532 45
You instruct your trainees to find and correct the errors in the balances. If your trainees do so, what should the corrected final balance be (in $)?
Which of the following best describes the concept of "opportunity cost?"
A. Opportunity cost is what you give up when making your choice.
B. Opportunity cost is the amount of time it took for you to make the decision.
C. Opportunity cost is the cost of the item minus the sale price.
D. Opportunity cost is what you gain from making the choice.
Answer:
hrefurdghffugdddffffd
Assessment question #8
Which statement would be appropriate when performing testing over a deferred (temporary difference) balance?
Answer the question, then select Confirm
A. The deferred balance related to the bad debt provision agrees directly to the trial balance, so no further testing would be deemed
necessary.
B. The deferred balance related to accrued salaries and wages agree directly to the trial balance, so no further testing would be
deemed necessary.
C. The deferred balance related to depreciation agrees directly to the trial balance, so not further testing would be deemed
necessary.
D. The deferred balance related to goodwill agrees directly to the trial balance, so no further testing is deemed necessary.
Confirm
The statement that would be appropriate when performing testing over a deferred or the temporary difference balance will be C. The deferred balance related to depreciation agrees directly to the trial balance, so not further testing would be deemed necessary.
What is a deferred balance?The whole amount of the income statement effect is represented by the deferred tax balance on the balance sheet. In the temporary difference approach, the difference between the tax base and asset's accounting carrying value is used to determine the deferred tax balance.
By contrasting the carrying value of an asset or liability with its tax base, the temporary difference arising in respect of that asset or liability is determined. Temporary discrepancies that are taxable result in deferred tax liabilities
In this case, when performing testing over a deferred or the temporary difference balance will be that the deferred balance related to depreciation agrees directly to the trial balance, so not further testing would be deemed necessary.
In conclusion, the correct option is C.
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If price elasticity of demand is -0.3 and price decreases by 1 percent, quantity demanded will [(Click to select) by (Click to select)
The degree of responsiveness of the change in the amount required of the good owing to the change in the good's price is measured by the elasticity of demand.
Demand has increased by 6% in terms of volume.
es= ΔQ÷ΔP×P÷Q
Let initial demand and price be 100%.
Given that the demand elasticity is 0.3
0.3 = ΔQ÷20%×100%÷100%
ΔQ = 0.3×20%×1%
ΔQ = 6%
What does demand elasticity mean?
The degree to which demand reacts to a change in an economic component is known as elasticity of demand. The most prevalent economic component considered when calculating elasticity is price. Income level and the accessibility of substitutes are further considerations. Elasticity gauges how demand changes in response to shifting economic conditions.
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Full Question - If the price elasticity of demand for a good is 0.3, then a 20% decrease in price results in a:
a. 6% increase in the quantity demanded.
b. 66% increase in the quantity demanded.
c. 0.6% increase in the quantity demanded.
d. 0.015% increase in the quantity demanded.
describe the relationship among an organization's purpose, mission, and top management team and how this relationship affects its human resource practices
The relationship is dynamic, and human resource management techniques aid in the strategic management of both people and resources.
Despite being just a single word, the concept of an organization is important. It is a complicated system made up of numerous people and their ideas, all of which have an impact on the system's goal, mission, and top management group.
The strength or engine of an organization are the people who founded it. A productive workforce is the most essential component of a successful organization, and human resource managers are in charge of it.
This demands that individuals be viewed as resources rather than as costs to the organization. Like any other asset, a skilled team may be carefully used to raise a company's worth.
The human resources management team offers guidance to the management team on how to efficiently manage people as corporate resources.
Finding and hiring individuals with the necessary skill sets to help the company reach its present and long-term objectives, managing employee benefits, and suggesting development programs are all part of this.
HR experts serve as consultants rather than workers in a specific business function, giving management advice on a range of matters relating to personnel and how they help the company achieve its objectives.
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When does voir dire occur during the civil courts process?
OA. When the appellant decides to appeal
OB. When the trier of fact makes a decision
OC. When the jury is being selected
O D. When the parties collect evidence
Option (C). When the jury is being selected.
Voir dire occur during the civil courts process when the jury is being selected.
Voir dire could be a legal phrase for a range of procedures connected with jury trials. It originally named an oath taken by jurors to inform the reality. This term is additionally used informally to explain the practice of jury selection in certain jurisdictions.
When a jury is required for an effort, the group of qualified jurors is taken to the courtroom where the trial will happen. The judge and also the attorneys then ask the potential jurors inquiries to determine their suitability to serve on the jury, a process called voir dire.
Voir dire, in law, process of questioning by which members of a jury are selected from an outsized panel, or venire, of prospective jurors.
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Answer:C
Explanation:
BE3.7 (LO 2), AN Helen is looking at the partial information left behind by her former supervisor, Lyle. She knows he used the high-low method to estimate the cost function because she sees his cryptic “H-L” scribbled on the page. She sees that the high point related to 35 units at a total cost of $328. She also finds the total fixed cost estimate of $97. She can’t find the low point written anywhere, and she needs the variable cost in order to estimate next month’s costs. Help Helen determine the variable cost per unit and then predict next month’s costs if 33 units are made.
1. The variable cost per unit is $6.60.
2. Next month's costs if 33 units are made will be as follows:
Fixed costs = $97Variable costs = $217.80Total costs = $314.80What is the high-low method?The high-low method is a cost accounting technique to separate the total fixed costs from the variable costs.
Using the high-low method, the fixed costs are separated from the total costs to determine the variable costs (in total and per unit).
Data and Calculations:Total production units = 35
Total costs = $328
Estimated total fixed costs = $97
Total variable costs = total costs - fixed costs
= $231 ($328 - $97)
Unit cost per unit = $6.60 ($231/35)
Next month's Costs at 33 units:
Fixed costs = $97
Variable costs = $217.80 ($6.60 x 33)
Total costs = $314.80
Thus, the variable cost per unit is $6.60, while the total costs for next month will be $314.80, using the high-low costing method.
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Price controls on rents are frequently implemented by governments in a
effort to protect renters from high housing prices. Differentiate the type of price control used from other
potential price controls, and then formulate reasons as to why governments should be careful when implementing these types of controts.
The types of Price control are Price Ceiling and Price Floor.
Price limits come in two varieties: price ceilings and price floors. As their names suggest, they do the reverse. A price ceiling limits the amount you must pay or charge for something—it establishes a maximum cost, preventing prices from going above a given level.Price limits might take the shape of floors or ceilings. A price floor, like a price ceiling, can be set by the government or, in some situations, by manufacturers themselves. Although federal or municipal authorities may identify exact values for the floors, they frequently work simply by entering the market and purchasing the goods, thereby raising its prices over a predetermined level.Price control is a mechanism used by the government to ensure that the price of an item or service in the marketplace does not get too high or low.Thus this are the two types of Price Controls.
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Bus101 Chapter 5-6 critical thinking questions
Critical thinking questions:
What characteristics made Vic Ahmed a successful entrepreneur?
How did Ahmed and Steven Case’s partnership and shared vision of “Rise of the Rest” serve their business goals?
Is focusing on smaller cities rather than areas like silicon valley a good strategy, why?
The process of actively and successfully conceiving, applying, analyzing, synthesizing, and/or evaluating knowledge as a basis for belief and action is known as critical thinking. It requires intellectual discipline.
Any topic, piece of content, or issue can be thought about using the critical thinking method, which involves expertly analyzing, evaluating, and reconstructing one's own ideas. Self-directed, self-disciplined, self-monitored, and self-corrective thinking are all characteristics of critical thinking.
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On January 1, Year 2, LCJ Rental Cars purchased a car that is to be used to produce rental income. The car cost $35,000. It has an expected useful life of five years and a $5,000 salvage value. The car produced rental income of $9,000 per year throughout its useful life. Assume LCJ started the Year 2 accounting period with a beginning cash balance of $40,000.
Required:
a-1. Prepare an income statement and a statement of cash flows for Year 2.
a-2. Prepare an income statement and a statement of cash flows for Year 3.
a-3. Prepare an income statement and a statement of cash flows for Year 4.
b. Determine the book value of the car for Year 2, Year 3, and Year 4.
Answer:
On January 1, Year 2, LCJ Rental Cars purchased a car that is to be used to produce rental income. The car cost $35,000. It has an expected useful life of five years and a $5,000 salvage value. The car produced rental income of $9,000 per year throughout its useful life. Assume LCJ started the Year 2 accounting period with a beginning cash balance of $40,000.
Required:
a-1. Prepare an income statement and a statement of cash flows for Year 2.
a-2. Prepare an income statement and a statement of cash flows for Year 3.
a-3. Prepare an income statement and a statement of cash flows for Year 4.
b. Determine the book value of the car for Year 2, Year 3, and Year 4.
Which of the following is an important consideration in setting up the proper environment to complete tasks on time limited distractions free from distractions a cluttered workspace working whenever time allows
Limited Distractions is is an important consideration in setting up the proper environment to complete tasks on time.
The Response is option AFor leaders, directors, managers, and coaches, time management is a need. A sound strategy, defined goals, methods and tactics to achieve those goals, together with productivity, are required of persons in top positions in organisations.
To do this, they must set priorities, pay attention to the work at hand, create an atmosphere that is suitable for the tasks that must be done, and remove distractions in order to cultivate the necessary habits that lead to productivity.
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Correct Question - Which of the following is an important consideration in setting up the proper environment to complete tasks on time?
A- limited distractions
B-free from distractions
C- a cluttered work space
D-working whenever time allows
You are an American Red Cross Disaster Program Specialist in charge of teams trained to help in sheltering displaced persons. You have been notified by your office to be prepared to deploy to conduct shelter operations. Your supervisor has asked you to come to the office to begin organizing volunteers and get prepared to set up shelters, if tasked. You check in before you begin.
What NIMS Management Characteristic are you supporting?
Answer:
Chain of command and unity of command Accountability.
The Haines Corporation shows the following financial data for 20X1 and 20X2:
20X1 20X2
Sales $ 3,480,000 $ 3,140,000
Cost of goods sold 2,530,000 2,260,000
Gross profit $ 950,000 $ 880,000
Selling & administrative expense 255,000 261,000
Operating profit $ 695,000 $ 619,000
Interest expense 44,800 49,700
Income before taxes $ 650,200 $ 569,300
Taxes (35%) 227,570 199,255
Income after taxes $ 422,630 $ 370,045
For each year, compute the following ratios and indicate how the change in each ratio will affect profitability in 20X2.
Note: Input your answers as a percent rounded to 2 decimal places.
20X1 20X2 Profitability
a. Cost of goods sold to sales % %
b. Selling and administrative expense to sales % %
c. Interest expense to sales % %
Based on the financial data for Haines Corporation in 20X1 and 20X2, the ratios given of cost of goods sold and selling and administrative expenses are:
20X1 20X2
Cost of goods sold to sales 72.70% 71.97%Selling and administrative expense to sales 7.33% 8.31% Interest expense to sales 1.29% 1.58%How to calculate ratios to sales?20X1
To find the Cost of goods sold to sales, the formula is:
= Cost of goods sold to sales / Sales
= 2,530,000 / 3,480,000
= 72.70%
The Selling and administrative expense to sales:
= 255,000 / 3,480,000
= 7.33%
Interest expense to sales:
= 44,800 / 3,480,000
= 1.29%
20X2:
Cost of goods sold to sales:
= 2,260,000 / 3,140,000
= 71.97%
The Selling and administrative expense to sales:
= 261,000 / 3,140,000
= 8.31%
Interest expense to sales:
= 49,700 / 3,140,000
= 1.58%
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Question 12
In the context of international trade restrictions, governments tend to use protective
are crucial to the domestic economy.
export duties
quorums
tariffs
voluntary export restraints
In the context of international trade restrictions, governments tend to use protective are crucial to the domestic economy: tariffs
A government is the device or institution of people governing a prepared community, normally a state A gadget of government distributes strength amongst exclusive parts and stages of the state. Political scientists examine the makes use of energy, inclusive of how energy is shipped inside a kingdom. the quantity of power held with the aid of the vital authorities determines the system of the presidency a nation has.
Government is the gadget or institution of human beings governing an organized community, commonly a kingdom. in the case of its wide associative definition, authorities usually consist of legislature, govt, and judiciary. a government is an institution or a device made of a set of human beings that takes care of or manages a country or a country. every government has its own charter or a hard and fast of fundamental standards that it follows to make sure effective governance.
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