Your business has two branch stores. The recent physical inventory reports that the merchandise value for each store is: Store A $454,385, and Store B $586,855. The merchandise book value for each store is: Store A $495,275, and Store B $615,225. What is the dollar amount of shrinkage for each store?
Answer: Shrinkage for Store A ($40,890), Store B ($28,370)
Given:
Merchandise Value of Stores A and B
A1 $454,385, and B1 $586,855
Book Value of Stores
A2 $495,275, and B2 $615,225
Shrinkage refers to the loss of inventory from whatever source.
Shrinkage for each store is computed as:
Book Value – Merchandise Value
Shrinkage for Store A
A2-A1
495,275-454,385
$40,890
Shrinkage for Store B
B2-B1
615,225-586,855
$28,370
A(n) _____ is used by employers to collect information about individuals applying for a job and becomes part of a hired employee’s permanent file.
It is a document used by a person to present their backgrounds and skills. Résumés can be used for a variety of reasons, but most often they are used to secure new employment.
Answer:
Job Application
Explanation:
Edge 2020
The starting point in preparing a master budget is the preparation of the select one:
a. production budget.
b. sales budget.
c. purchasing budget.
d. personnel budget.
The starting point in preparing a master budget is the preparation sales budget.
What is the sales budget?This can be referred to as a financial plan that is used to show the revenue made by a business over a period of time.
The sales budget is one of the ways that is used to make plans and also control expenditure in the business.
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a positive externality arises when a person engages in an activity that has
A positive externality arises when a person engages in an activity that has benefits for others who did not choose to incur those benefits. This concept is often discussed in economics and social studies.
For example, consider immunization. When an individual gets vaccinated, they protect not only themselves but also others by reducing the likelihood of disease transmission. This external benefit is not accounted for by the vaccinated person alone, hence representing a positive externality.
Similarly, if a person landscapes their property, the improved aesthetic can increase the property values of neighboring homes, benefiting the entire community. Another example can be seen when a person invests in their education, which can lead to increased productivity and innovation benefiting society as a whole.
These activities create what we call a positive externality, and they highlight the importance of understanding the interconnected nature of individual actions and their broader societal impacts.
What is budgeting time for a presentation?
Answer:
In doing a presentation, budgeting ones time is very significant. Budgeting time for a presentation can be the period of preparation or it can be the allotment of time for the presentation itself. During the planning period, of course it is necessary to be ready for the content and visual of the presentation. Plan ahead of time and not just do everything overnight. With regards to the presentation, it depends on the time given to you as a speaker. Just be sure that the body or content of your presentation must be longer compared to the introduction and conclusion. It does not need to be lengthy but it must contain the important details of your topic.
Explanation:
For convenience, pricing objectives can be divided into three categories, which are:
a. differentiated, niche, and undifferentiated.
b. refundable, competitive, and attainable.
c. perceived, actual, and situational.
d. profit oriented, sales oriented, and status quo.
On many advanced routers and switches, you can implement qos through bandwidth management, such as __________, where you control the flow of packets into or out of the network according to the type of packet or other rules quislet
The key question in strategic supply management is: how can first tier suppliers contribute to the buying organization's objectives and strategy? how can supply and the supply chain contribute effectively to organizational objectives and strategy? how can first, second, third- and subsequent tiers of suppliers contribute to the buying organization's objectives and strategy? how can the supply manager develop a network of suppliers around a central customer? how can supply strategy be kept separate from and equal to organizational strategy?
which best explains what a credit score represents?
Cyclical unemployment occurs because a workers skills do not match available jobs
A large corporation suffers from the principal-agent problem when its:
a. shareholders sacrifice long-term growth for short-term profits.
b. board of directors ties the salaries of management exclusively to the profits of the firm.
c. stock shareholders sell firm assets to increase dividend payments.
d. management does not own a large share of firm stock and pursues its own interests rather than those of shareholders.
e. chief executive officer runs the day-to-day operations of the corporation while simultaneously sitting on the board of directors.
Answer:
The correct answer is letter "B": board of directors ties the salaries of management exclusively to the profits of the firm.
Explanation:
Principal-agent problems arise when a principal hires an agent to perform duties that conflict with the agent's best interest. The problem typically occurs when the principal provides incentives to act in the principal's interest but not the agent, generating a conflictive agenda.
In that case, if the boards of directors tie the salaries of management according to the profits of the firm, they will be acting on their own interest but not in the interest of the managers, making option "B" to represent a typical principal-agent problem.
The act of buying and selling collectively form a contract. True or False
Answer:
The given statement is True, The act of buying and selling collectively form a contract.
Explanation:
It is a general concept that whenever a thing is sold, there must be a buyer to buy it, which means that for every selling product, there will be a buyer. Without the presence of a buyer, nothing can be sold. So commonly the process of selling and buying involves two parties. So when the act of buying and selling takes place, we can say that a contract is formed which tells us the deed between both parties and give information about the buyer as well as the seller. So the act of buying and selling collectively form a contract which tells us that who is selling to whom and what is being sold and at what price with the consent of both parties.
What is the primary danger during the first 3-5 minutes if you are suddenly immersed in cold water?
Adidea Corp. purchased 500 units of merchandise at $15 per unit from a vendor. It pays 50 percent of its purchase with cash and puts the rest on credit. How will the company record this transaction, assuming it uses a perpetual system?
Answer:
Particular Debit Credit
Inventory (Merchandise) 7,500
Cash (Paid) 3,750
Accounts Payable 3,750
Explanation:
First, we determine the value of inventory to be recorded in company's books, which would be as follows:
500 units x $15 per unit = $7,500
Now, out of the total value $7,500 half of which is paid in cash and remainder is put on credit. Therefore, 50% ($3,750) will be credited as cash while the rest will be recorded in accounts payable (credit due to be paid on inventory purchased). The total $7,500 will be debited as inventory bought.
Hence, the following inventory:
Particular Debit Credit
Inventory (Merchandise) 7,500
Cash (Paid) 3,750
Accounts Payable 3,750
In general, buying an individual stock from a mid-sized company is less risky than
The claim that buying individual stock from a mid-sized company is automatically less risky than other investments is not accurate. The level of risk depends on various factors like the company's financial health, the industry it operates in, and the state of the economy. Thorough research and understanding of company details are paramount before making investment decisions.
Explanation:In general, it isn't accurate to state that buying an individual stock from a mid-sized company is less risky than other investments. All investments come with a certain level of risk due to market volatility, but the risk associated with buying stock specifically in mid-sized companies is often based on a variety of factors. These include the company's financial health, its industry, competitive positioning, and economic factors.
For example, if a mid-sized company operates in a volatile industry or has poor financial health, it can be more risky than buying stocks in a large, well-established company. Likewise, a stable mid-sized company in a growing industry could be less risky than investing in an unstable, large firm. Therefore, it's essential to conduct thorough research and understand the details of the company and its market before making a decision on investment.
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Cyberterrorism is more efficient and less dangerous than more traditional forms of terrorist activity because:
Cyber terrorism is efficient but less dangerous than the traditional forms of terrorist activities because in Cyber Terrorism, internet is used as a mean to conduct violent acts, especially by the governments to threaten the specific person or group of persons to achieve certain goals.
It is efficient because it doesn't need any thing to do the terrorism except internet and through this, the person whom they want to threaten is directly reached without the interference of anyone else.
It is less dangerous because is doesn't always involve the casualties which is the worst form of terrorism. People lives are somewhat secure in this form of terrorism.
Braedon’s employer is requiring his employees to work ten-hour days for the next week, starting on April 10th. In which workplace is Braedon most likely working?
a mortgage company
a credit union
a tax preparation office
an insurance company
Answer: a tax preparation office
The office that experiences the bulk of their work especially on Month of April is the tax preparation office. 'Tax Season' is the time period between January 1 and April 15, in which individuals traditionally prepare the previous year's financial statements and reports. In the United States, the filing of annual tax return should be done by April 15.
A tax preparation office receives these forms/statements in bulk and needs them to be processed within this period also, thus Braedon’s employer required them to work ten-hour days starting April 10th.
Answer:
Tax preparation.
Explanation:
"publicity": 1. is generally less effective than advertising for promoting a really new product. 2. is mass selling that avoids paying media costs. 3. is any paid form of nonpersonal presentation of ideas, goods, or services by an identified sponsor. 4. is more expensive than all other promotion methods. 5. both a and b are true.
True or false: In retailing, "product" and "merchandise" are used interchangeably.
The answer is true.
While talking to a customer you can use either words to represent what your trying to sell or present.
In a retail context, 'product' and 'merchandise' are often used interchangeably. However, while all merchandise is a product, not all products are merchandise.
Explanation:True, in the context of retailing, the terms 'product' and 'merchandise' are often used interchangeably. However, it's important to note that there can be subtle differences depending on the context. 'Product' generally refers to anything that can be offered to a market for attention, acquisition, use, or consumption that might satisfy a want or need. On the other hand, 'merchandise' refers more specifically to goods that are bought and sold in business. So while all merchandise is a product, not all products can be considered merchandise (such as services).
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A firm based in Washington state wants to export a shipload of finished lumber to the Philippines. The would-be importer cannot get sufficient credit from domestic sources to pay for the shipment but insists that the finished lumber can quickly be resold in the Philippines for a profit. Outline the steps the exporter should take to effect this export to the Philippines.
Final answer:
To export lumber to the Philippines, the exporter must assess the importer's credit risk, secure payment through a letter of credit, comply with export regulations, manage shipping logistics, obtain insurance, finalize the purchase agreement and monitor the shipment.
Explanation:
The process of exporting lumber from Washington state to the Philippines involves several critical steps to ensure the transaction is successfully and securely completed. Given the importer's inability to secure sufficient credit domestically, the exporter must take measures to protect their financial interests while facilitating the export.
Assess Credit Risk: Investigate the potential importer's creditworthiness through international credit reports or credit insurance companies.Secure Payment: Consider using a letter of credit issued by a reputable bank as a means of ensuring payment upon delivery. This document guarantees that the bank will pay the exporter once certain conditions are met.Compliance with Export Regulations: Ensure that all export documentation is in place, including export licenses if required and compliance with the U.S. Export Administration Regulations (EAR).Shipping Logistics: Coordinate with a freight forwarder experienced in international shipments to handle the logistics of shipping the lumber efficiently.Insurance: Obtain comprehensive marine insurance to protect against loss or damage during transit.Finalize Purchase Agreement: Prepare a contract that includes all terms of the sale, such as price, delivery schedule, and payment terms.Monitoring the Shipment: Monitor the shipment until it safely arrives in the Philippines and is accepted by the importer.If the fed increases the supply of bank reserves, ________.
a. the federal funds rate falls
b. consumption falls
c. investment falls
d. the inflation
American express and discover card are examples of open loop systems.
a. True
b. False
The digby company has just purchased $40,900,000 of plant and equipment that has an estimated useful life of 15 years. the expected salvage value at the end of 15 years is $4,090,000. what will the book value of this purchase (exclude all other plant and equipment) be after its third year of use
The book value of the plant and equipment after its third year of use would be $33,538,000. This is obtained by subtracting the accumulated depreciation over three years (calculated using the straight-line method) from the initial cost of the asset.
Explanation:To find the book value of the plant and equipment after its third year of use, you would need to use the straight-line method of depreciation. This method allows you to subtract the salvage value from the cost of the asset and then divide the result by the asset's useful life.
First, deduct the salvage value from the initial cost: $40,900,000 - $4,090,000 = $36,810,000. This gives you the total amount that will be depreciated over 15 years. The straight-line depreciation each year would be: $36,810,000 / 15 = $2,454,000. This will be the annual depreciation.
After three years, this accumulates to: $2,454,000 * 3 = $7,362,000, which is the total depreciation for the first three years. Finally, subtract the total depreciation from the initial cost to find the book value after 3 years: $40,900,000 - $7,362,000 = $33,538,000.
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Service utility is rapidly becoming the most important utility for many ________ as they face competition from direct marketing forces, such as the internet and catalogs.
The _____ of a web site is its ability to keep visitors at the site and attract repeat visitors.
Final answer:
The engagement of a website refers to its ability to keep visitors at the site and attract repeat visitors.
Explanation:
The engagement of a website is its ability to keep visitors at the site and attract repeat visitors. It is important for a website to provide valuable content, an attractive design, and user-friendly features to engage visitors and make them want to return. For example, a website can use interactive elements, such as quizzes or polls, to engage visitors and keep them interested.
A consulting engineering firm is considering two models of suvs for the company principals. a gm model will have a first cost of $36,000, an operating cost of $4000, and a salvage value of $15,000 after 3 years. a ford model will have a first cost of $32,000, an operating cost of $4100, and also have a $15,000 resale value, but after 4 years. (a) at an interest rate of 12% per year, which model should the consulting firm buy? conduct an annual worth analysis. (b) what are the pw values for each vehicle?
The consulting firm should buy the GM model. The PW for the GM model is approximately $94,458, and the PW for the Ford model is approximately $109,167.
(a) First, calculate the annual worth for each SUV model:
GM model: $36,000 + 4000(A/P, 12%, 3) - 15,000(P/F, 12%, 3) = $36,000 + 4000(2.913) - 15,000(0.711) = $34,652
Ford model: $32,000 + 4100(A/P, 12%, 4) - 15,000(P/F, 12%, 4) = $32,000 + 4100(3.037) - 15,000(0.635) = $40,287
Since the GM model has a lower annual worth, the consulting firm should buy the GM model.
(b) The present worth (PW) values for each vehicle can be calculated using the present worth factor for the interest rate of 12% per year:
GM model: $34,652(P/A, 12%, 3) ≈ $94,458
Ford model: $40,287(P/A, 12%, 4) ≈ $109,167
Hence, the PW for the GM model is approximately $94,458, and the PW for the Ford model is approximately $109,167.
. It is your responsibility to do the following for your own protection, EXCEPT:
A) Notify your employer if you have a respirator problem
B) Ask your employer if you have any respiratory questions
C) Keep your respirator clean and in good working condition
D) Buy your own respirator if your employer won't fit you for one
The answer is D to this question
Answer
Except: D. Buy your own respirator if your employer won’t fit you for one.
Explanation
It is the responsibility of the worker to ensure safety and his or her own protection through; Notifying the employer if you have a respiratory problem, asking your employer if you have any respiratory questions and keeping your respirator clean and in good working condition.
Cinnamaldehyde is one of the primary constituents of cinnamon oil and contributes significantly to the odor of cinnamon. starting with benzaldehyde, identify reagents that you would use to prepare cinnamaldehyde.
Cinnamaldehyde is one of the primary constituents of cinnamon oil----------. The reagents that we would use to prepare cinnamaldehyde are formaldehyde and cinnamon.
What is cinnamaldehyde?Cinnamaldehyde is an organic compound that is responsible for the characteristic flavor and aroma of cinnamon. It is a yellowish liquid that is extracted from cinnamon bark or synthesized in the laboratory.
Cinnamaldehyde has a variety of uses, including as a flavoring agent in food and beverages, as a fragrance in perfumes and cosmetics, and as a natural fungicide and insecticide.
It is also used in the production of various chemicals, such as cinnamyl alcohol and cinnamyl acetate, which are used in the fragrance and flavor industry.
The formaldehyde and cinnamon are the reagents that we would use to prepare cinnamaldehyde.
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Tax a tax adjustment must be made in determining the cost of
Morgan corporation uses estimated direct labor hours of 200 comma 700 and estimated manufacturing overhead costs of $ 920 comma 500 in establishing manufacturing overhead rates. actual manufacturing overhead was $ 970 comma 100, and allocated manufacturing overhead was $ 1 comma 013 comma 000. what was the number of actual direct hours worked? (round intermediary calculations to the nearest cent and the final answer to the nearest dollar.)
Given:
Estimated direct labor hours of 200,700 hrs
Estimated manufacturing overhead costs of $920,500
Actual manufacturing overhead costs of $970,100
Allocated manufacturing overhead is $1,013,000
Find the number of actual direct hours worked in Morgan Corporation?
Determine first the overhead allocation rate by dividing the estimated overhead costs to the estimated direct labor hours: $920,500/200,700 hrs = $4.586 à round to nearest cent $4.60
Next is divide the allocated manufacturing overhead to the overhead allocation rate: $1,013,000/$4.60 = 220,217.39 à round the answer to 220,217
The actual number of direct hours worked is 220,217 hours.