Working cooperatively with other businesses and non-profit organisations for sustainability in the cotton supply chain for IKEA has benefits such as enhanced credibility, sharing of resources and experience, and potential cost savings.
What competitive advantage does IKEA's supply chain possess?A crucial element of IKEA's supply chain strategy is its approach to international sourcing. This entails sourcing products from a variety of nations, including the US, Europe, and Asia. As a result, IKEA can access a wider variety of goods at reduced prices, which aids in its ability to compete in the retail industry.
Why does IKEA value sustainability?Through cooperation with partners, coworkers, and other stakeholders, we are taking aggressive steps towards a more sustainable future to address the challenges of unsustainable consumerism, climate change, and increasing inequality.
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What are ethics ? In business
Answer: Business ethics are policies that guide the behavior of corporate entities, especially regarding controversial subjects.
Business ethics protect companies from legal liability and ensure that they treat their customers and team members with respect.
Corporate ethics codes often include subjects like social responsibility, insider trading, discrimination, corporate governance and bribery.
Explanation:
Which example best shows how a community issue may affect a small pottery manufacturing business?
Question 14 options:
A small fire in the kiln caused several people to be slightly sick from the fumes.
An employee was injured when a shelf of pottery broke and crashed down on top of her.
The pottery business was cited for improperly training employees on kiln use after an injury.
Inflation in the town has caused unemployment, so few people buy items like decorative pottery.
The example that best shows how a community issue may affect a small pottery manufacturing business is D. Inflation in the town has caused unemployment, so few people buy items like decorative pottery.
How can the business be affected ?As inflation and unemployment become communal issues, it inevitably affects the spending power of consumers towards non-essential luxurious items such as decorative pottery.
Consequently, smaller businesses that mainly deal in manufacturing these goods will suffer a decline in revenue and profitability due to reduced demand for their products, surmounting the possibility of financial instability leading to closure.
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Most organizations expect their _____ to abide by AUPs.
students
employees
employers
costomers
Most organizations expect their employees to abide by AUPs.Students employees employers costomers.
This is because employees are the ones who have access to the organization's technology resources and can therefore pose the greatest risk of violating the AUP. By complying with the AUP, employees help ensure that the organization's technology resources are used appropriately and responsibly.
While customers and employers may also be subject to certain AUPs, their level of access and responsibility for the organization's technology resources is generally more limited. For example, a customer using an organization's Wi-Fi network may be required to comply with an AUP that prohibits illegal activities or excessive bandwidth usage, but they may not be required to undergo the same level of training or monitoring as employees.
In summary, AUPs are important policies that help protect organizations from potential harm caused by inappropriate use of technology resources. While customers and employers may also be subject to certain AUPs, most organizations expect their employees to abide by them due to their greater access and responsibility for the organization's technology resources.
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Identify two questions which Sarah could ask the job applicants at
interview,
Sarah can ask a wide range of questions from the job applicants during the interview.
However, two potential questions that she can ask are:
1. Can you tell me about a time when you had to resolve a conflict with a co-worker or team member?
This question can help Sarah assess the candidate's problem-solving skills and their ability to handle conflicts professionally. It also reveals their communication skills and their approach to teamwork.
2. What experience do you have working in a fast-paced environment?
This question can help Sarah evaluate the candidate's ability to handle high-pressure situations, manage their time efficiently, and work effectively under tight deadlines. It also shows their adaptability and willingness to work in a dynamic environment.
In addition to these questions, Sarah can ask more specific questions related to the job responsibilities and requirements to determine the candidate's suitability for the position. It's crucial for Sarah to ensure that her questions are relevant, fair, and legally compliant to hire the best candidate for the job.
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when volatility increases with all else remaining the same, which of the following is true? group of answer choices a. both calls and puts increase in value. b. both calls and puts decrease in value. c. calls increase in value while puts decrease in value. d. puts increase in value while calls decrease in value.
When volatility will increases with all else remaining the same, both calls as well as puts increase in value. Option A is correct.
This is because an increase in volatility increases the probability that the price of the underlying asset will move significantly, which increases the value of both call and put options. Call options give the holder the right to buy the underlying asset at a specified price (strike price) and are more valuable when the price of the underlying asset is expected to increase.
Put options give the holder the right to sell the underlying asset at a specified price and are more valuable when the price of the underlying asset is expected to decrease. An increase in volatility makes it more likely that the price of the underlying asset will move beyond the strike price of the options, increasing their potential profitability.
Hence, A. is the correct option.
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Which two benefits does RFID tagging offer for supply chain management? Choose 2 answers
a) track's a product journey from manufacturing facility to store
b) serves as a unique product identifier
c) discards, inconsistent, incorrect, or incomplete information
d) automates the different activities in the supply chain
The two benefits that RFID tagging offer for supply chain management are: It serves as a unique product identifier It tracks a product's journey from manufacturing facility to store What is RFID tagging?RFID stands for Radio Frequency Identification.
It is an automatic technology that is used to identify objects, animals, and people through radio waves. RFID technology is widely used in supply chain management systems because it provides real-time visibility of inventory and assets. RFID tagging offers various benefits for supply chain management such as tracking a product's journey from the manufacturing facility to the store, serves as a unique product identifier, automates the different activities in the supply chain, and discards, inconsistent, incorrect, or incomplete information.
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Calculate the inherent value of one share of pepsi. assuming that dividends grow at a constant rate of 6.00%, next year's dividend will be $2.75, and you target a rate of return of 10%
The inherent value of one share of pepsi. assuming that dividends grow at a constant rate of 6.00%, next year's dividend will be $2.75, and you target a rate of return of 10% is $68.75
To calculate the inherent value of one share of Pepsi, we can use the dividend discount model formula:
Inherent value = next year's dividend / (rate of return - dividend growth rate)
Plugging in the given values, we get:
Inherent value = 2.75 / (0.10 - 0.06) = $68.75
Therefore, the inherent value of one share of Pepsi is $68.75, assuming dividends grow at a constant rate of 6.00%, next year's dividend will be $2.75, and a target rate of return of 10%.
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Tracy was involved in an accident in which the other driver suffered severe injuries. the police determined that the accident was tracy’s fault. tracy is fully insured through her insurance company. which of the following components of tracy’s insurance policy will cover the injuries of the other driver? a. bodily injury b. property damage c. collision d. comprehensive damage please select the best answer from the choices provided a b c d
The component of Tracy's insurance policy that will cover the injuries of the other driver is (a) Bodily Injury.
Bodily injury insurance coverage is a part of a car insurance policy that specifically covers the costs associated with the injuries sustained by other individuals involved in an accident where the policyholder is found to be at fault. In Tracy's case, since she was determined to be responsible for the accident, her bodily injury coverage will handle the medical expenses and any related costs for the injured driver.
The other components you mentioned serve different purposes:
(b) Property Damage coverage pertains to any damage caused to another person's property, such as their vehicle, during an accident where the policyholder is at fault.
(c) Collision coverage is for the policyholder's own vehicle repair or replacement costs when involved in an accident, regardless of who is at fault.
(d) Comprehensive Damage coverage provides protection for non-collision events like theft, vandalism, or natural disasters, covering the policyholder's vehicle.
To summarize, since the focus of your question is on the injured driver's coverage, the best answer is (a) Bodily Injury. This component of Tracy's insurance policy will take care of the other driver's injury-related expenses.
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rustic company manufactures chocolate bars. the following were among rustic's manufacturing costs during the current year: wages machine operators $ 300,000 selling and administrative personnel $ 75,000 materials used lubricant for oiling machinery $ 25,000 cocoa, sugar, and other raw materials $ 225,000 packaging materials $ 190,000 rustic's direct materials amounted to:
Based on the information provided, Rustic Company's direct materials cost can be calculated by summing the costs of cocoa, sugar, and other raw materials, and packaging materials.
Direct materials cost = Cost of cocoa, sugar, and other raw materials + Cost of packaging materials
Direct materials cost = $225,000 + $190,000
Direct materials cost = $415,000
Therefore, Rustic Company's direct materials cost for the current year is $415,000.
In manufacturing, there are typically two types of costs associated with producing goods: direct costs and indirect costs.
Direct costs are costs that can be directly traced to the production of a specific product. In the case of Rustic Company, the direct materials used in the manufacturing of chocolate bars would include cocoa, sugar, and other raw materials, as well as packaging materials. These are the materials that are directly used in the production process and are incorporated into the final product.
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Which statement is true about the straight-line method of depreciation?.
'It allocates an equal of depreciation to each year the asset is used' is true about the straight-line method of depreciation. The right answer is c.
Depreciation is an accounting technique that disperses the cost of a fixed asset, for example real estate or machinery, across the time it will probably be in use. The value of an asset is equally decreased over each period with the straight line depreciation method until it reaches its salvage value.
The most popular and simple depreciation method for dividing up the expense of a capital asset is straight line depreciation. It is determined by merely dividing the asset's cost, less its salvage value, by its usable life.
The correct answer is option C.
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The question seems incomplete. The complete question is:
Which statement is true about the straight-line method of depreciation?
A. It is the preferred method for companies expecting to use the asset more in its early years of life.
B. It recognizes expense proportionately with the amount of use of the asset.
C. It allocates an equal amount of depreciation to each year the asset is used.
D. It is an accelerated method of depreciation.
Tyrell Co. Entered into the following transactions involving short-term liabilities. Year 1 Apr. 20 Purchased $39,000 of merchandise on credit from Locust, terms n/30. May 19 Replaced the April 20 account payable to Locust with a 90-day, 8%, $35,000 note payable along with paying $4,000 in cash. July 8 Borrowed $63,000 cash from NBR Bank by signing a 120-day, 11%, $63,000 note payable. __
Tyrell Co. engaged in multiple transactions involving short-term liabilities. On April 20, they purchased $39,000 worth of merchandise on credit from Locust with terms n/30, which means the payment is due in 30 days. Later, on May 19, Tyrell Co. replaced the April 20 accounts payable to Locust with a 90-day, 8%, $35,000 note payable and paid an additional $4,000 in cash. This new note payable signifies that Tyrell Co. now has a 90-day period to repay the remaining $35,000, with an annual interest rate of 8%.
In another transaction on July 8, Tyrell Co. borrowed $63,000 cash from NBR Bank. To secure this loan, the company signed a 120-day, 11%, $63,000 note payable. This note entails that Tyrell Co. must repay the loan within 120 days, and during this period, an annual interest rate of 11% will be applied to the outstanding balance.
In summary, Tyrell Co. has entered into two separate short-term liabilities, with one being a note payable to Locust and another being a loan from NBR Bank. These financial obligations will require timely repayment, along with the associated interest costs, as per the terms outlined in the respective note payables.
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7. The most important part of the letter is B. Date A. The heading 8. Telephonic conversation is a C. Post script D. Body of the letter
Answer:
D. Body of the Letter
Explanation:
The body of the Letter or main text is premier and paramount part of a letter containing the essential information and message being illustrated by the author.
which two accounts have the most “liquidity”?
a. under the mattress and savings account
b. under the mattress and CD (certification of deposit)
c. under the mattress and savings bond.
d. money market and savings bonds.
Answer:
The two accounts with the most liquidity are savings accounts and checking accounts. These accounts allow for easy and quick access to cash, and funds can be easily withdrawn or transferred.
What dimensions of the consumer-based brand equity pyramid have the Secret brand team focused on with its ""Let Her Jump"" and ""Mean Stinks"" ignitions?
The Consumer-Based Brand Equity (CBBE) Pyramid is a framework that outlines the different dimensions that contribute to building and enhancing a brand's equity in the minds of consumers. These dimensions are:
1. Brand Salience: the ability of the brand to come to mind when consumers think about a particular product category.
2. Brand Performance: the extent to which the brand meets or exceeds consumers' functional and emotional needs.
3. Brand Imagery: the way the brand represents itself visually and in other sensory aspects, as well as the thoughts, feelings, and associations consumers have with the brand.
4. Brand Judgments: the opinions and evaluations consumers have about the brand, such as its perceived quality, credibility, and superiority.
5. Brand Feelings: the emotional responses and reactions that consumers have towards the brand.
6. Brand Resonance: the extent to which consumers feel a deep, psychological connection with the brand, and are willing to engage with it in a loyal, committed, and active way.
The Secret brand team has focused on the Brand Imagery and Brand Feelings dimensions of the CBBE Pyramid with its "Let Her Jump" and "Mean Stinks" ignitions.
"Let Her Jump" is a campaign that aims to empower young girls to pursue their dreams and break down barriers, challenging gender stereotypes and social norms. This campaign is focused on enhancing the Brand Imagery dimension by positioning the Secret brand as a champion of female empowerment and gender equality, and creating positive associations with these values in the minds of consumers.
"Mean Stinks" is a campaign that aims to address and prevent bullying among young girls, by promoting kindness and positivity. This campaign is focused on enhancing the Brand Feelings dimension by creating positive emotions and associations with the Secret brand, and positioning it as a brand that cares about the well-being of its consumers and society as a whole. By engaging with these campaigns, consumers may feel more connected to the brand, and develop a stronger emotional bond with it.
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What skills does an entrepreneur need to successfully grow the new venture? Which of these skills can be learned on the job and which might need further education or outside development?
An entrepreneur needs various skills to successfully grow a new venture. Some of these skills include leadership, communication, financial management, time management, strategic planning, and adaptability.
Leadership is guiding and motivating team members to help the company reach its goals.
Communication is to get ideas across, hear feedback, and keep good relationships with stakeholders.
Financial management is to manage budgets, analyse financial statements, and make good financial decisions.
Time management is to set priorities, meet deadlines, and keep a good balance between work and life.
Strategic planning is to make a plan for the company's future, find growth opportunities, and make a plan for how to get there.
The ability to change with the market, new technologies, and industry trends.
Leadership, communication, and the ability to change can be learned on the job and by watching other entrepreneurs who are doing well.
For example, you might need to go to workshops, take online classes, or get a degree in business or finance to improve your skills in financial management and strategic planning.
Time management skills can be learned through practice and using different techniques, such as setting goals and figuring out what's most important.
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What is the polygon address used by the hacker to steal $600 million from the poly network in 2021?.
Polygon address: '0x5dc3603C9D42Ff184153a8a9094a73d461663214' was used by the hacker to steal $600 million from the poly network in 2021.
The Polygon stack of protocols was created to address the scalability problems of Ethereum. The Polygon network handles transactions on a different, Ethereum-compatible blockchain to address the network's problems. The blockchain-based Poly Network platform reported that a hacker had gained access and stolen more than $600 million in cryptocurrencies.
However, it seemed as though the hacker had given back a few of the stolen goods. According to the network, the three addresses received allegedly stolen assets. According to Poly Network, which enables token exchanges between blockchains, a hacker targeted multiple chains at once and stole more than $600 million in cryptocurrency.
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The process of evaluating financial data that change under alternative courses of action is called.
The process of evaluating financial data that change under alternative courses of action is called "financial analysis" or "financial modeling."
Financial analysis involves the examination and interpretation of financial statements and other financial data to assess a company's financial health, performance, and potential. This analysis helps stakeholders make informed decisions about investments, financing, and other business operations.
Financial modeling, on the other hand, is the process of creating mathematical models and simulations to analyze the financial implications of different business decisions or scenarios.
This can involve using spreadsheets, statistical software, or specialized financial modeling tools to forecast future cash flows, assess risk, and evaluate the impact of changes in key variables such as interest rates, exchange rates, or market conditions.
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a stock is expected to pay a dividend of $2.4 at the end of this year (this is div1), and it should continue to grow at a constant rate of 6.9% per year forever. if its required return is 13.5%, the stock's price today should be $ .
The stock's price today should be $36.36. This means that investors who purchase the stock at this price and hold it for a year would earn a dividend yield of 6.6% ($2.4 / $36.36) and a total return of 13.5% if the stock price remains constant.
It's important to note that the constant growth assumption may not hold true forever, but it provides a useful estimate of the stock's current value based on the available information.To calculate the current stock price, we can use the constant growth model, which states that the stock price (P0) is equal to the dividend (Div1) divided by the difference between the required return (R) and the constant growth rate (g). In other words,
P0 = Div1 / (R - g)
Substituting the given values,
Div1 = $2.4
g = 6.9%
R = 13.5%
P0 = $2.4 / (0.135 - 0.069)
P0 = $2.4 / 0.066
P0 = $36.36
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mackenzie manufacturing purchased equipment for $160,000. in addition, shipping charges of $2,000 were incurred to obtain the equipment. the company paid $12,500 to construct a foundation and install the equipment. the equipment is estimated to have a residual value of $15,000 at the end of its 5-year useful life. using the straight-line method, what is the amount of depreciation expense each year, what is the book value at the end of year 2?
The annual depreciation expense for the equipment using the straight-line method is $31,900 and the book value of the equipment at the end of year 2 is $89,800.
To calculate the annual depreciation expense for the equipment using the straight-line method, we first need to determine the depreciable base, which is the cost of the equipment plus any other costs incurred to acquire and install it, minus the estimated residual value.
So, the depreciable base would be:
$160,000 + $2,000 + $12,500 - $15,000 = $159,500
Next, we divide the depreciable base by the useful life of the equipment, which is 5 years, to determine the annual depreciation expense:
$159,500 / 5 years = $31,900 per year
To calculate the book value at the end of year 2, we need to subtract two years' worth of depreciation expense from the cost of the equipment:
$160,000 + $2,000 + $12,500 - ($31,900 x 2) = $89,800
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What would CRM software help you
do?
CRM software can help you in the following ways.
They can help in streamlining deals and marketing efforts, manage client connections, and see to client satisfaction.Also, the capability to track client relations and data can help businesses optimize their operations and identify areas for improvement.What is CRM software?CRM software or Customer Relationship Management software is an important tool which was created to help businesses manage their relations with customers and potential customers.
It allows businesses to store client data like contact information, purchase history, and communication preferences, all in one centralized location.
This data gotten from the software can be analyzed and used to perceive how a customer behaves, his preferences, and needs.
Thus, a CRM tool can help businesses cultivate strong relations with their customers and drive long- term growth.
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After evaluating Pima Company’s manufacturing process; management decides to establish standards of 1. 4 hours of direct labor per unit of product and $15 per hour for the labor rate. During October, the company uses 3,720 hours of direct labor at a $40,920 total cost to produce 4,000units of product. In November, the company uses 4,560hours of direct labor at a $54,720 total cost to produce 3,500units of product. (1) Compute the rate variance, the efficiency variance, and the total direct labor cost variance for each of these two months.
For computing the rate variance, the efficiency variance, and the total direct labor cost variance for each of these two months.
First, let's calculate the standard direct labor cost per unit:
Standard direct labor cost per unit = (standard hours per unit) x (standard labor rate per hour)
= 1.4 hours x $15/hour
= $21 per unit
Now we can calculate the variances for each month:
October:
Actual direct labor hours = 3,720 hours
Actual direct labor cost = $40,920
Actual units produced = 4,000 units
Rate variance = (actual labor rate - standard labor rate) x actual hours
= ($40,920 / 3,720 hours - $15/hour) x 3,720 hours
= $5,760 unfavorable
Efficiency variance = (actual hours - standard hours) x standard labor rate
= (3,720 hours - 1.4 hours x 4,000 units) x $15/hour
= $1,800 favorable
Total direct labor cost variance = actual cost - (standard cost per unit x actual units produced)
= $40,920 - ($21 x 4,000 units)
= $1,080 unfavorable
November:
Actual direct labor hours = 4,560 hours
Actual direct labor cost = $54,720
Actual units produced = 3,500 units
Rate variance = (actual labor rate - standard labor rate) x actual hours
= ($54,720 / 4,560 hours - $15/hour) x 4,560 hours
= $10,080 unfavorable
Efficiency variance = (actual hours - standard hours) x standard labor rate
= (4,560 hours - 1.4 hours x 3,500 units) x $15/hour
= $6,420 unfavorable
Total direct labor cost variance = actual cost - (standard cost per unit x actual units produced)
= $54,720 - ($21 x 3,500 units)
= $11,870 unfavorable
So the variances for October are:
Rate variance: $5,760 unfavorable
Efficiency variance: $1,800 favorable
Total direct labor cost variance: $1,080 unfavorable
And the variances for November are:
Rate variance: $10,080 unfavorable
Efficiency variance: $6,420 unfavorable
Total direct labor cost variance: $11,870 unfavorable
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what is capital budgeting? group of answer choices the process of managing cash flow. the analysis of real asset investment opportunities. the process of managing current assets. none of the above.
Capital budgeting is the process of analyzing and evaluating potential investment opportunities in real assets, such as equipment, facilities, and infrastructure.
This process involves the use of financial tools and techniques to determine the feasibility of investing in a particular project or asset, based on factors such as cash flows, risk, and return on investment.
The primary objective of capital budgeting is to allocate scarce resources to projects that generate the highest return on investment and create the most value for the organization. It helps businesses to make informed decisions about long-term investments and to identify potential risks and uncertainties associated with these investments.
Capital budgeting involves several stages, including identifying potential investment opportunities, evaluating the cash flows associated with each opportunity, estimating the cost of capital, and assessing the risks and uncertainties of each investment. This process is crucial for businesses, as it helps them to allocate their resources more effectively and efficiently, and to make informed decisions about long-term investments.
In summary, capital budgeting is a critical process for businesses, as it enables them to evaluate and prioritize potential investment opportunities in real assets, based on their financial viability and potential return on investment. This process helps businesses to make informed decisions about long-term investments and to allocate their resources more effectively, leading to better financial performance and growth.
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which of the following statements is true? the income effect of a reduction in the price of gasoline refers to responses the reduction of income incurred by gas stations. the reduction of income incurred by gas stations. the increase in the demand for other products as gasoline buyers experience increased real incomes. the increase in the demand for other products as gasoline buyers experience increased real incomes. the increase in the quantity demanded of gasoline as gasoline buyers experience increased real incomes. the increase in the quantity demanded of gasoline as gasoline buyers experience increased real incomes. the increase in the quantity demanded of gasoline as gasoline buyers experience increased nominal incomes.
The true statement is "the increase in the demand for other products as gasoline buyers experience increased real incomes." This is because the income effect of a reduction in the price of gasoline refers to how the change in gasoline prices affects consumers' purchasing power and their demand for other goods and services.
When the price of gasoline decreases, consumers have more disposable income to spend on other products, which increases the demand for those products. This is known as the income effect. It is not related to the reduction of income incurred by gas stations or an increase in the quantity demanded of gasoline as gasoline buyers experience increased nominal incomes.
The income effect is an important concept in economics as it helps explain how changes in prices of one good can affect the demand for other goods and services.
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Laura’s credit card has an apr of 12.04%, and it computes finance charges using the daily balance method and a 30-day billing cycle. on june 1st, laura had a balance of $606.40. she made exactly one transaction in june: a payment of $55.25. if laura’s finance charge for june was $5.71, on which day did she make the payment? a. june 8th b. june 12th c. june 15th d. june 20th please select the best answer from the choices provided a b c d
She make the payment is June 12th. The correct option is b. june 12th.
To determine the day Laura made her payment, we need to first understand the terms and calculations involved in her credit card finance charges. The APR (annual percentage rate) is 12.04%, and the finance charges are computed using the daily balance method and a 30-day billing cycle.
First, we need to calculate the daily periodic rate (DPR) from the APR:
DPR = (APR / 365) = (12.04% / 365) = 0.033% per day
Now, let's calculate the average daily balance (ADB) for the month of June using the given information: Laura's initial balance is $606.40, and she made a payment of $55.25. Let's assume she made the payment on the x-th day of June.
ADB = (606.40 * x + (606.40 - 55.25) * (30 - x)) / 30
Next, we'll calculate the finance charge for June:
Finance Charge = ADB * DPR * 30
Given that Laura's finance charge for June was $5.71, we have:
5.71 = (606.40 * x + (606.40 - 55.25) * (30 - x)) / 30 * 0.033% * 30
Solving this equation for x, we get:
x ≈ 11.8
Now, let's look at the available choices for the day Laura made the payment:
a. June 8th
b. June 12th
c. June 15th
d. June 20th
So, the correct answer is: b. June 12th
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During a recent review, ABC Corporation discovered that it has a serious internal control problem. It is estimated that the impact associated with this problem is $1 million and that the likelihood is currently 5%. Two internal control procedures have been proposed to deal with this problem. Procedure A would cost $25,000 and reduce likelihood to 2%; procedure B would cost $30,000 and reduce likelihood to 1%. If both procedures were implemented, likelihood would be reduced to 0. 1%.
Required:
a. What is the estimated expected loss associated with ABC Corporation's internal control problem before any new internal control procedures are implemented?
b. Compute the revised estimate of expected loss if procedure A were implemented if procedure B were implemented and if both procedures were implemented.
c. Compare the estimated costs and benefits of procedure A, procedure B, and procedures combined. If you consider only the estimates of cost and benefit procedure(s) should be implemented?
a. The estimated expected loss before any new internal control procedures are implemented is $50000. b. The revised estimate of expected loss with each procedure implemented is Procedure A is $55000.
a. The estimated expected loss before any new internal control procedures are implemented is:
Expected loss = Impact x Likelihood = $1 million x 5% = $50,000
b. The revised estimate of expected loss with each procedure implemented is:
Procedure A: Likelihood = 2%
Expected loss = Impact x Likelihood = $1 million x 2% = $20,000
Revised estimated expected loss = $50,000 - $20,000 + $25,000 = $55,000
Procedure B: Likelihood = 1%
Expected loss = Impact x Likelihood = $1 million x 1% = $10,000
Revised estimated expected loss = $50,000 - $10,000 + $30,000 = $70,000
Procedures A and B: Likelihood = 0.1%
Expected loss = Impact x Likelihood = $1 million x 0.1% = $1,000
Revised estimated expected loss = $50,000 - $1,000 + $25,000 + $30,000 = $104,000
c. Procedure A costs $25,000 and reduces likelihood to 2%, resulting in a revised estimated expected loss of $55,000. Procedure B costs $30,000 and reduces likelihood to 1%, resulting in a revised estimated expected loss of $70,000. Both procedures combined cost $55,000 and reduce likelihood to 0.1%, resulting in a revised estimated expected loss of $104,000.
Comparing the costs and benefits, it appears that Procedure A is the most cost-effective as it results in the lowest revised estimated expected loss at the lowest cost. However, the decision ultimately depends on ABC Corporation's risk tolerance and budget constraints.
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Baillie Power leased high-tech electronic equipment from Courtney Leasing on January 1, 2021. Courtney purchased the equipment from Doane Machines at a cost of $250,500, its fair value. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided. ) Related Information: Lease term 2 years (8 quarterly periods) Quarterly lease payments $15,500 at Jan. 1, 2021, and at Mar. 31, June 30, Sept. 30, and Dec. 31 thereafter Economic life of asset 5 years Interest rate charged by the lessor 12% Required: Prepare a lease amortization schedule and appropriate entries for Baillie Power from the beginning of the lease through December 31, 2021. December 31 is the fiscal year end for each company. Appropriate adjusting entries are recorded at the end of each quarter
The Lease balance at the beginning based on the information provided after calculation is 112069.
Lease balance at the beginning = $15,500 * (1-(1+3%)^(-8))/3% +3%
=112069.
Payment lease pay eff interest decrease bal lease balance
1/1/21 $112069
1/1/21 $15500 $96569
3/31/21 $15500 $2897 $12603 $83966
6/30/21 $15500 $2519 $12981 $70985
9/30/21 $15500 $2130 $13370 $57615
12/31/21 $15500 $1729 $13771 $43844
3/31/21 $15500 $1315 $14185 $29659
6/30/22 $15500 $890 $14610 $15049
9/30/22 $15500 $451 $15049 $0
lease payment = $15500
effective interest = 3% * previous lease balance
decrease in balance = lease payment - effective interest
lease balance = previous lease balance - decrease in bal
Journal entry
January 1, 2021, lease equipment from Courtney Leasing is as follows:
Dr Right of use asset 112,069
Cr Lease liability 112,069
January 1, 2021, first lease payment
Dr Lease expense 15,500
Cr Cash 15,500
Dr Lease liability 15,500
Cr Right of use asset 15,500
March 31, 2021, second lease payment
Dr Lease expense 15,500
Cr Cash 15,500
Dr Lease liability 12,603
Cr Right of use asset 12,603
June 30, 2021, third lease payment
Dr Lease expense 15,500
Cr Cash 15,500
Dr Lease liability 12,981
Cr Right of use asset 12,981
September 30, 2021, fourth lease payment
Dr Lease expense 15,500
Cr Cash 15,500
Dr Lease liability 13,370
Cr Right of use asset 13,370
December 31, 2021, fifth lease payment
Dr Lease expense 15,500
Cr Cash 15,500
Dr Lease liability 13,771
Cr Right of use asset 13,771
March 31, 2022, sixth lease payment
Dr Lease expense 15,500
Cr Cash 15,500
Dr Lease liability 14,185
Cr Right of use asset 14,185
June 30, 2022, seventh lease payment
Dr Lease expense 15,500
Cr Cash 15,500
Dr Lease liability 14,610
Cr Right of use asset 14,610
September 30, 2022, eighth lease payment
Dr Lease expense 15,500
Cr Cash 15,500
Dr Lease liability 15,049
Cr Right of use asset 15,049
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if the company has no process to manage billing for products or services, it probably does not have a(n) policy.
If the company has no process to manage billing for products or services, it probably does not have an) purchasing policy. So the option D is correct.
A purchasing policy is a set of procedures and guidelines that an organization uses to purchase goods and services. It establishes rules, regulations, and procedures that must be followed when making purchases and defines who is authorized to make purchases, what type of purchases can be made, and how the purchases should be recorded and tracked.
Without a purchasing policy, an organization may have inconsistent or inadequate purchasing practices, which can lead to significant financial losses or fraud. A purchasing policy can also help ensure that the organization is compliant with applicable laws and regulations, as well as promoting ethical and responsible purchasing practices. So the option D is correct.
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The complete question is:
If the company has no process to manage billing for products or services, it probably does not have an) ___ policy.
A. credit
B. inventory
C. payables
D. purchasing
What was one service learning or work-based activity that you participated in this year?
was this a service learning activity or a work-based learning activity?
write a 5 sentence reflection over your experience and how it connects to your chosen career.
Service learning activities involve participating in community service projects that provide students with the opportunity to apply their academic skills and knowledge to real-world problems. This can include activities such as volunteering at a local shelter or working with a non-profit organization.
Work-based learning activities, on the other hand, involve working in a professional setting to gain practical experience and develop career-related skills. This can include activities such as internships or apprenticeships in a specific field.
Both service learning and work-based learning activities can be valuable experiences for students, providing opportunities to develop skills, gain practical experience, and make meaningful connections in their chosen career field.
In a reflection on their experience, a student might discuss the skills they developed through the activity, such as teamwork, communication, and problem-solving. They might also reflect on how the experience helped them to gain a better understanding of their chosen career path and how it connects to their academic studies.
Overall, participating in service learning and work-based learning activities can be a valuable way for students to gain practical experience, develop skills, and prepare for their future careers.
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usso corporation manufactured 16,000 air conditioners during november. the overhead cost-allocation base is $31.50 per machine-hour. the following variable overhead data pertain to november: actual budgeted production 16,000 units 18,000 units machine-hours 7,875 hours 9,000 hours variable overhead cost per machine-hour: $31.00 $31.50 what is the flexible-budget amount?\
If the overhead cost-allocation base is $31.50 per machine-hour, the flexible budget amount for the overhead cost is $530,775.
The flexible budget amount is the budgeted overhead cost for the actual level of production or activity. To calculate the flexible budget amount, we need to first calculate the budgeted overhead cost for the actual level of activity, and then adjust for the difference between the actual and budgeted level of activity.
Using the given data, we can calculate the budgeted overhead cost for the actual level of activity as follows:
Budgeted overhead cost = Budgeted machine-hours x Variable overhead cost per machine-hour
= 18,000 units x $31.50 per machine-hour
= $567,000
Next, we need to adjust for the difference between the actual and budgeted level of activity.
Flexible budget amount = Budgeted overhead cost + (Actual machine-hours - Budgeted machine-hours) x Variable overhead cost per machine-hour
= $567,000 + (7,875 hours - 9,000 hours) x $31.50 per machine-hour
= $567,000 - $36,225
= $530,775
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1) Sam Inc. Provides the following information on its working capital management. It has an inventory turnover of 26 and an accounts payable turnover of 14. The accounts receivable period is 38 days. What is the length of the cash cycle?
2) Currently, your firm sells 120 units a month at a price of $51 a unit. You think you can increase your sales by an additional 10 units if you switch to a net 30 credit policy. The interest rate is 2. 0 percent per month and your variable cost per unit is $25. What is the net present value of the proposed credit policy switch?
3) Six months ago, you purchased 250 shares of Jun, Inc. Stock at a price of $43. 75 a share. The company pays quarterly dividends of $0. 37 a share (you received two dividend payments. ) Today, you sold all of your shares for $37. 72 a share. What is your total percentage return on this investment?
4) Bridgewater Inc. Is expecting sales of $620 in April, $660 in May, $800 in June, and $800 in July. The firm collects 30% of sales in the month of the sale, 50% in the month after the sale, and 20% in the second month after the sale. What will be the accounts receivable balance at the end of June?