Answer: Equipment
Explanation:The equipment used in an office; for example: phones, computers, and printers. ... These markets cover computers and other machines for workplaces.
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Answer:
What are office machines? The Cambridge Dictionary defines office machinery as the equipment used in an office for example: phones, computers, and printers These markets cover computers and other machines for workplaces.
Explanation:
Diamond Machine Technology has invested $250,000 in developing a sharpener. Each sharpener costs $3 to make. In addition, fixed costs for the sharpener are $10,000. The company expects to sell 100,000 sharpeners this year to local supermarkets (you should assume this sales forecast is accurate). Diamond Machine's markup on sales is 30 percent, and it wants to earn a 20% ROI. Calculate both the markup price and the target-return price for the sharpener. How much profit can Diamond Machine earn this year if they sell at the markup price
Answer:
Diamond Machine Technology
a) Markup price = $4.03
b) Target return price = $3.60
Explanation:
Investment = $250,000
Cost of each sharpener = $3
Additional fixed costs = $10,000
Quantity of sharpeners to sell for the year= 100,000
Markup on sales = 30%
Return on Investment (ROI) = 20%
Markup price = (($3 * 100,000) + $10,000))* 1.3
= $403,000 /100,000 = $4.03
Return on Investment:
Profit for the year = 100,000($4.03 - $3) - $10,000 = $93,000
ROI = $93,000/$250,000 * 100 = 37.2%
Target revenue = (20% of $250,000) + $310,000 = $360,000
Target return price = $360,000/100,000 = $3.60
Bob Brain files a single tax return and decides to itemize his deductions. Bob's income for the year consists of $74,100 of salary, $3,450 long-term capital gain, and $2,450 interest income. Bob's expenses for the year consist of $890 in investment advice fees and $155 in tax return preparation fees. What is Bob's investment expense deduction
Answer:
$0
Explanation:
Based on the information give investment expense are NOT deductible reason been that
his income for the year was the amount of $74,100 of his salary , $3,450 of his long-term capital gain, and $2,450 of his interest income in which his expenses for the year was the amount $890 in investment advice fees and the amount of $155 in tax return preparation fees which means that his expenses amount that is been paid in order to help manage tax income just as the information given about Bob Brain will be not be deductible.
A corporation declares $25 million in net income, $1 million in preferred stock dividends, and $7 million in common stock dividends. By how much will shareholders' equity increase on the balance sheet
Answer:
$17 million
Explanation:
A corporation declares $25 million as it's net income
The preferred stock dividend is $1 million
The common stock dividend is $5 million
Therefore the amount in which the shareholders stock equity will increase can be calculated as follows
= net income - preferred stock dividend-common stock dividend
= $25 million - $1 million +$7million
= $25 million -$8million
= $17 million
Masterson, Inc., has 8 million shares of common stock outstanding. The current share price is $68, and the book value per share is $7. The company also has two bond issues outstanding. The first bond issue has a face value of $65 million, has a coupon rate of 5 percent, and sells for 93 percent of par. The second issue has a face value of $50 million, has a coupon rate of 4 percent, and sells for 105 percent of par. The first issue matures in 23 years, the second in 8 years. Suppose the most recent dividend was $4.20 and the dividend growth rate is 4.3 percent. Assume that the overall cost of debt is the weighted average of that implied by the two outstanding debt issues. Both bonds make semiannual payments. The tax rate is 24 percent. What is the company's WACC? (Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g. 32.16.)
Answer:
WACC=9.26%
Explanation:
Calculation for the company's WACC
First step is to calculate the Total Market Value
Total Market Value = 8,000,000*68+ 65,000,000*93% + 50,000,000*105%
Total Market Value = 544,000,000+60,450,000+52,500,000
Total Market Value = $656,950,000
Second step is to calculate the % Value of Equity,% Value of First Bond and % Value of Second Bond
% Value of Equity =544,000,000/$656,950,000*100
% Value of Equity = 82.81%
% Value of First Bond = 60,450,000/$656,950,000*100
% Value of First Bond= 9.20%
% Value of Second Bond = 52,500,000/$656,950,000*100
% Value of Second Bond =7.99%
Third step is to calculate Ke Using this formula
Ke = Cost of Equity = Dividend/Market Value per share + Growth Rate
Let plug in the formula
Ke = 4.2/68 + 4.3%
Ke= 6.18% + 4.3%
Ke= 10.48%
Last step is to calculate WACC using this formula
WACC = % Value of Equity * Cost of Equity + % Value of Debt * Cost Of Debt (1- Tax Rate)
Let plug in the formula for
WACC= 82.81% * 10.48% + 9.20% * 5% (1-0.24) + 7.99%* 4%(1-0.25)
WACC= 8.67%+ 9.20% * 5%(0.76)+7.99%* 4%(0.76)
WACC= 8.67%+ 9.20% * 3.8%+7.99%* 3.04%
WACC=8.67%+0.35%+0.24%
WACC=9.26%
Therefore the company's WACC will be 9.26%
In each case, choose the firm that you expect to have the higher asset turnover ratio. (Hint: think about the likely nature of each firm’s business model. For example, would the firm require a lot or a little capital? Would it strive for high sales or high profit margins?) (LO4-3) a. Economics Consulting Group or Home Depot b. Catalog Shopping Network or Gucci c. Electric Utility Co. or Standard Supermarkets
Answer:
Asset Turnover ratio = Net Sales/ Average Total Assets
a. Economics Consulting Group or Home Depot.
Home Depot has more physical assets than the Economic Consulting group which has its main assets as its employees which cannot be recorded as values in the balance sheet. ECG will therefore have more sales to assets and a higher Asset Turnover ratio.
b. Catalog Shopping Network or Gucci.
Catalog Shopping conducts its business mainly online or rather without using stores which means they will not hold as much physical inventory. This is different from Gucci which will hold inventory as well as have stores and the like. They will have more assets than Catalog Shopping Network which will give Catalog a higher Asset Turnover.
c. Electric Utility Co. or Standard Supermarkets.
Electric Utility Co. as an electric provider will have a high amount of assets as the nature of their business demands this. Supermarkets in comparison have less assets and so this will give them a higher Asset Turnover ratio.
The Holmes Company's currently outstanding bonds have a 8% coupon and a 13% yield to maturity. Holmes believes it could issue new bonds at par that would provide a similar yield to maturity. If its marginal tax rate is 35%, what is Holmes's after-tax cost of debt?
Answer: 8.45%
Explanation:
From the question, we are informed that Holmes Company's currently has an outstanding bonds and has a 8% coupon and a 13% yield to maturity.
We are further told that Holmes believes it could issue new bonds at par that would provide a similar yield to maturity and that its marginal tax rate is 35%.
Holmes's after-tax cost of debt will therefore be calculated as:
= Yield to maturity × (1 - Marginal tax rate)
= 13% × (1 - 35%)
= 13% × (65%)
= 0.13 × 0.65
= 0.0845
= 8.45%
On January 1, 2021, Legion Company sold $290,000 of 6% ten-year bonds. Interest is payable semiannually on June 30 and December 31. The bonds were sold for $217,719, priced to yield 10%. Legion records interest at the effective rate. Legion should report bond interest expense for the six months ended June 30, 2021, in the amount of: (Round your answer to the nearest dollar amount.) Multiple Choice $8,700. $10,886.
Answer:
the bond interest expense for the six months ended June 30, 2021, in the amount of $10,8864
Explanation:
The computation of the interest expense is shown below
= Carrying Value of Bond × Effective interest rate
= $217,719 × 10% yield interest × 6 months ÷ 12 months
= $10,886
Hence, the bond interest expense for the six months ended June 30, 2021, in the amount of $10,8864
Therefore the second option is correct
Submit
A city is considering a plan to ease traffic congestion by offering to eliminate tolls on cars with 3 or more passengers in them. An
economic analysis is done on the plan. Which conclusion, if reached in this analysis, would weigh against adopting the plan?
A)
Reduced toll revenues would threaten public road maintenance budgets.
B)
Peak traffic times would be spread out over a larger portion of the day,
Typical travel speeds on the toll roads would increase 5% during rush
hours
D)
Average numbers of miles commuting would remain level, due to indirect
routes caused by carpooling
Answer:
A)
Reduced toll revenues would threaten public road maintenance budgets.
Explanation:
If cars will more than three people will not pay tall chargers, the city will collect fewer revenues from the toll stations as some cars will not pay. A significant decline in revenues that can affect road maintenance can influence the city to weigh against implementing that proposal.
Spreading the peak time traffic and increasing speeds is what the city hopes to achieve. The city would be happy if the average number of miles commuted remain the same. The only negative effect that could halt the implementation of the plan is reduced revenues.
Answer:A) reduce total revenues would threaten public road maintenance budgets.
Explanation:
16 Nadia intends to get married in eight years' time. She estimates that the cost
of the wedding will be RM20,000 then. She intends to save this amount by
making equal monthly deposits at the end of each month in a bank that pays
5% compounded monthly.
(a) How much will this monthly deposit be?
(b) After paying for two years, the estimated cost of the wedding has gone up
to RM30,000
(i) What should the new monthly deposits be?
(ii) Instead of making the additional monthly deposits, Nadia decides
to make a lump sum deposit RMX at the end of two years. Calculate
the value of X.
Answer:
Nadia
a. Monthly deposit = RM169.86.
b. New monthly deposit = RM309.48
c. The value of X = RM22,393.57
Explanation:
a) Nadia will need to contribute RM169.86 at the end of each period to reach the future value of RM20,000.00.
FV (Future Value) RM19,999.99
PV (Present Value) RM13,417.11
N (Number of Periods) 96.000
I/Y (Interest Rate) 0.417%
PMT (Periodic Payment) RM169.86
Starting Investment RM0.00
Total Principal RM16,306.76
Total Interest RM3,693.23
b) Contribution after two years = RM169.86 * 24 = RM4,076.64
Additional contribution required = RM25,923.36 (RM30,000 - 4,076.64)
Nadia will need to start contributing RM309.48 at the end of each period after two years to reach the future value of RM25,923.36.
FV (Future Value) RM25,923.34
PV (Present Value) RM19,216.00
N (Number of Periods) 72.000
I/Y (Interest Rate) 0.417%
PMT (Periodic Payment) RM309.48
Starting Investment RM0.00
Total Principal RM22,282.27
Total Interest RM3,641.08
c) Nadia will need to invest RM22,393.57 at the beginning to reach the future value of RM25,923.36.
FV (Future Value) RM25,923.36
PV (Present Value) RM22,393.57
N (Number of Periods) 3.000
I/Y (Interest Rate) 5.000%
PMT (Periodic Payment) RM0.00
Starting Investment RM22,393.57
Total Principal RM22,393.57
Total Interest RM3,529.79
Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct materials (8 pounds at $1.80 per pound) $14.40 Direct labor (6 hours at $14.00 per hour) $84.00 During the month of April, the company manufactures 230 units and incurs the following actual costs. Direct materials purchased and used (1,500 pounds) $2,850 Direct labor (1,410 hours) $19,458 Compute the total, price, and quantity variances for materials and labor.
Answer:
Total materials variance = (Actual quantity * Actual price) - (Standard quantity * Standard price)
= 2,850 - (230 * 14.4)
= 462 (Favourable)
Materials price variance = (Standard price - Actual price) * Actual quantity
= [1.8 - (2,850/1,500)] * 1,500
= 150 Unfavourable
Materials quantity variance = (Standard quantity - Actual quantity) * Standard price
= [(230 * 8) - 1,500] * 1.8
= 612 Favourable
Total labour variance = (Actual hours * Actual rate) - (Standard hours * Standard rate)
= 19,458 - (230 * 84)
= 138 Unfavourable
Labour price variance = (Standard rate - Actual rate) * Actual hours
= [14 - (19,458/1,410)] * 1,410
= 282 Favourable
Labour quantity variance = (Standard hours - Actual hours) * Standard rate
= [(230 * 6) - 1,410] * 14
= 420 Unfavourable
A company's January 1, 2019 balance sheet reported total assets of $153,000 and total liabilities of $61,500. During January 2019, the company completed the following transactions:______. (A) paid a note payable using $11,500 cash (no interest was paid); (B) collected a $10,500 accounts receivable; (C) paid a $5,300 accounts payable; and (D) purchased a truck for $5,300 cash and by signing a $21,500 note payable from a bank. The company's January 31, 2019 balance sheet would report which of the following?Assets Liabilities Stockholders's Equity$163,000 $77,700 $85,300Assets Liabilities Stockholders's Equity$153,000 $61,500 $91,500Assets Liabilities Stockholders's Equity$174,500 $105,100 $69,400Assets Liabilities Stockholders's Equity$157,700 $66,200 $91,500
Answer:
d. Assets, Liabilities, Stockholders's Equity [$157,700, $66,200, $91,500]
Explanation:
Accounting equation
Assets = Liabilities + Equity
Beginning Balance $153,000 $61,500 $91,500
1. -$11,500 -$11,500
2. $10,500
-$10,500
3. -$5,300 -$5,300
4. $26,800 $21,500
-$5,300
Total $157,700 $66,200 $91,500
D- Company's standings as on 31st January 2019 will be assets amounting to $157700, the liabilities will amount to $66200 and stockholder's equity in the company stands at $91500.
It is to be noted that the assets of the firm are always equal to the summation of total liabilities of the firm along with stockholder's equity being held in the company for such period.
We know the formula that Liabilities of a firm are calculated by the way of subtracting the stockholder's equity of the company from the total assets being held by the company.Various adjustments occurred during the period of making such accounting entries and hence this resulted in obtaining the true and fair values of positioning of the company.After due adjustments the values are calculated as shown given in the image below.Hence, the assets are calculated as $157700, the liabilities of the company stand at $66200 and the stockholder's equities stand at $91500.
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A firm issues $225 million in straight bonds at an original issue discount of 2.0% and a coupon rate of 6%. The firm pays fees of 4% on the face value of the bonds. The net amount of funds that the debt issue will provide for the firm is
Answer:
$211.5 million
Explanation:
The computation of the net amount of funds that the debt issue is as follows
Particulars Amount
Face value of Bonds $225,000,000.00
Less Discount (225m × 0.02) -$4,500,000.00
Less fees (225m × 0.04) -$9,000,000.00
Net amount of funds $211,500,000.00
Hence, the net amount of funds that the debt issue is $211.5 million
The same is to be considered
Your grandfather wants to determine the value of his bond portfolio and asks you for help. Find the current market values of the components of your grandfather’s portfolio. (a) 80 bonds with a $1,000 face value and a coupon rate of 7.6%/year. These bonds have 11 years left to maturity and pay coupons on a semi‐annual basis. The YTM of these bonds is 8.8%/year. What is the total market value of these 80 bonds? (3 pts.) (b) 160 zero‐coupon bonds with a $1,000 face value, 9 years to maturity, and a YTM of 7.7%/year
Answer:
a) $73,320.80
b) $82,068.80
Explanation:
Current market value of bonds:
PV of face value = $1,000 / (1 + 4.4%)²² = $387.78
PV of coupon payments = $38 x 13.91402(PV annuity factor, 4.4%, 22 periods) = $528.73
Market price = $916.51
$916.51 x 80 = $73,320.80
Current market value of zero coupon bonds:
PV of face value = $1,000 / (1 + 7.7%)⁹ = $512.93
$512.93 x 160 = $82,068.80
Risks of global trade include all of the following EXCEPT ________.
a. high trade barriers
b. corruption
c. restrictive government policies
d. unstable currencies
e. increased opportunities for growth
Answer:
Option e: Increased opportunities for growth
Explanation:
Global trade is simply the exchange of goods between different countries.Trade is an exchange of items between people or countries.Countries are able to obtain goods they need from other countries.
four major risks in international business includes Country risk, commercial risk, cross-cultural risk, and currency risk.
Increased opportunities for growth is not an effect of risk in global trade.
On January 1, you sold short one round lot (that is, 100 shares) of Lowe's stock at $27.70 per share. On March 1, a dividend of $3.30 per share was paid. On April 1, you covered the short sale by buying the stock at a price of $22.00 per share. You paid 25 cents per share in commissions for each transaction. a. What is the proceeds from the short sale (net of commission)
Answer: $2,745
Explanation:
Proceeds from short sale net of commission is ;
= Number of shares sold * ( Market price of shares - Commission paid)
= 100 * (27.70 - 0.25)
= $2,745
A multiplant monopolist can produce her output in either of two plants. She discovers that when marginal revenue is $50, the marginal cost in plant 1 is $70 while the marginal cost in plant 2 is $75. To maximize profits the firm will
Answer: produce more output in plant 1 and less in plant 2.
Explanation:
From the question, we are given the information that a multiplant monopolist can produce her output in either of two plants and that she discovers that when marginal revenue is $50, the marginal cost in plant 1 is $70 while the marginal cost in plant 2 is $75.
Since the marginal cost in plant 2 is higher than that of plant 1, to maximize profits the firm will produce more output in plant 1 and less in plant 2.
Assume that a company uses a standard cost system and applies overhead to production based on direct labor-hours. It provided the following information for its most recent year: Total budgeted fixed overhead cost for the year $ 300,000 Actual fixed overhead cost for the year $ 276,000 Budgeted direct labor-hours 60,000 Actual direct labor-hours 56,000 Standard direct labor-hours allowed for the actual output 57,800 What is the fixed overhead applied to production during the period
Answer:
$289,000
Explanation:
Predetermined overhead rate (Fixed) = Budgeted Fixed overhead cost / Budgeted hours
Predetermined overhead rate (Fixed) = 300,000/60,000
Predetermined overhead rate (Fixed) = $5 per hours
Applied Fixed overhead = Standard hours allowed × Predetermined overhead rate(fixed)
Applied Fixed overhead = 57,800 * $5 per hours
Applied Fixed overhead = $289,000
So, the fixed overhead applied to production during the period is $289,000
Becker Industries is considering an all equity capital structure against one with both debt and equity. The all equity capital structure would consist of 36,000 shares of stock. The debt and equity option would consist of 18,000 shares of stock plus $310,000 of debt with an interest rate of 9 percent. What is the break-even level of earnings before interest and taxes between these two options
Answer:
The right approach is "55800".
Explanation:
The given values is:
Rate of interest,
= 9%
= 0.09
The interest cost will be:
= [tex]310,000\times 0.09[/tex]
= [tex]27,900[/tex] ($)
Assumed return on capital employed are X. Break will also be whenever the dual capital requirements participate in almost the same earnings growth.
⇒ [tex]\frac{X}{36000} =\frac{X-27900}{18000}[/tex]
⇒ [tex]X=(X-27900)\times \frac{36000}{18000}[/tex]
⇒ [tex]=(X-27900)\times 2[/tex]
⇒ [tex]=2X-55800[/tex]
⇒ [tex]X=55800[/tex]
Your company purchases new equipment for $80,000 and depreciates it on a straight line basis over a 5 year period resulting in annual depreciation expense of $16,000. At the end of the 4th year, a buyer purchases it from your company for $30,000. If your company's marginal tax rate is 40%, what is the after tax cash flow or after tax salvage value at the end of year 4
Answer:
$24,400
Explanation:
The computation of the after tax salvage value at the end of year 4 is shown below:
Before that following calculation need to be determined
Book value = Cost - Accumulated depreciation
= $80,000 - ($16000 × 4 years)
= $16,000
Now gain on sale is
= $30,000 - $16,000
= $14,000
Now
After-tax cash flow is
= Sale proceeds - (Tax rate × Gain on sale)
= $30,000 - ($14000 × 40%)
= $24,400
On January 1, year 1, Olinto created a $650,000 trust that provided his mother with a lifetime income interest starting on January 1, year 1, with the remainder interest to go to his son. Olinto expressly retained the power to revoke both the income interest and the remainder interest at any time. Who is taxed on the trust's year 1 income
Answer:
c. Olinto
Explanation:
Multiple choice "a. Olinto's mother, b. Olinto's son, c. Olinto, d. The trust"
As the income tax rules mandate the liability to pay tax on trustees, the tax can be levied and recovered from a representative assesse i.e., the trustee who is Olinto. Olinto is a grantor and thus as per section 676, he must be taxed on the income generated through revocable trust.
Which education and qualifications are most helpful for Revenue and Taxation careers? Check all that apply.
leadership skills
customer-service skills
adaptability and flexibility
integrity
math skills
foreign language skills
knowledge of finance laws
CORRECT ANSWERS:
Customer service skills
Integrity
Math skills
Knowlage of finance
Answer:
Customer service skills
Integrity
Math skills
Knowledge of finance
Explanation:
Answer:
1. Customer service skills 2. Integrity 3. Math skills
4. Knowledge of Finance
Explanation:
I got it right on edg
Mass customization of products has become a common approach in manufacturing organizations. Explain the ways in which mass customization can be applied to service firms as well.
Explanation:
Mass customization is a strategic approach used in manufacturing organizations to offer the customer a more personalized product that adds greater value to the customer, but with mass production characteristics, which allows lower value in the cost of manufacturing the product, faster production, etc.
Applied to service companies, mass customization can offer the same advantages, that is, add value and reduce costs for the company. Assuming that a company provides image and style consulting services, there may be a mass customization in the strategy of using a method of using the tools of interaction with the client, but that such methods apply to their needs specifically, such as for example a method used by image consultants to discover a client's seasonal color chart.
The median price of existing homes: ___________
a. has increased over the past 30 years, thereby acting as a hedge against inflation.
b. has risen less than the Consumer Price Index.
c. always increases in value.
d. tends to be countercyclical, thereby acting as a hedge against the business cycle.
e. remains constant over time.
Answer:
C
Explanation:
The median price of existing homes always increases in value. This is so because as the year goes on, there is an ever increasing need for shelter. Because of the fact that people procreate and more people are living, there is the certain need, or say, demand for shelter. And as a result of this, there doesn't seem to be a decline in the demand, and most likely wouldn't be anytime soon either.
At a promotion interview, it is important to ________.
a.
Anticipate questions and answer early
b.
Wear uncomfortably formal clothes
c.
Be honest about your qualifications
d.
Discuss your personal life
Answer:
Be honest about your qualifications
Explanation:
Based on workplace standards and practice, at a promotion interview, it is important to "Be honest about your qualifications."
What is a Promotion interview?A promotion interview is conducted for employees working in the same company to determine if they should be elevated to higher positions or ranks.
Aside from performance and number of years of experience in the company, the management also checks the qualifications to determine which employees qualify for a specific higher position.
Therefore, it is expected that during promotion interviews, employees should be honest about their qualifications.
Hence, in this case, it is concluded that the correct answer is option C. "Be honest about your qualifications."
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Discretionary fixed costs Group of answer choices Have a planning horizon that covers many years May be reduced for short period time with minimal damage to long-run goals of the organization. Cannot be reduced for even short periods of time without making fundamental changes. Are most effectively controlled through the effective utilization of facilities and organization.
Answer:
Cannot be reduced for even short periods of time without making fundamental changes.
Explanation:
discretionary fixed cost in domain of finance can be regarded as expenditure that is incurred for a fixed asset as well as specific cost period , this cost can be reduced because if reduced it will not have impact immediately on the profit of the company. It should be noted Discretionary fixed costs Cannot be reduced for even short periods of time without making fundamental changes.
What is the difference between sole proprietor and partnership?
Answer:
A sole proprietorship is a person who owns the business and is personally responsible for its debts. It is not a legal entity.
A partnership partnership shares the responsibilities, resources, and losses
Explanation:
How much money would need to be saved monthly if $21,990 was needed to purchase a home in 30 months?
a. $917
b. $611
c. $733
Explanation:
i think A is the correct answer
The money required to save every month to buy a home to collect $21.990 in 30 months would be the option c. $733.
To calculate the monthly saved amount we need to understand that the total amount should be equally divided into 30 months:
total amount = monthly saved money* number of monthsmonthly saved money = [tex]\dfrac{\text{Total amount}}{\text{Number of months}}[/tex]Given:
Total amount: 21,990
Number of months: 30
Solution:
Putting given variables in the second formula we derived above:
monthly saved money = [tex]\frac{21990}{30}[/tex]
monthly saved money = 733
thus, the correct amount to be saved every month would be - $733
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Inheriting someone else’s _______ is one of the drawbacks of buying an existing business.
You make a business plan _______ you open your business.
Kinkos is an example of a _______.
One of the challenges of a new business is coming up with a workable _______.
Based on your reading, respond to the following.
List two ways to reduce the feeling of loneliness that can occur when you have your own business.
List two of the three “pro” reasons for starting your own business.
Answer:
problems
before
franchise
idea
Any two of these:
Make time to meet with clients instead of talking on the phone.
Join a business networking group.
Take business colleagues or prospects out to lunch at least once a week.
Teach a workshop in your field at the community college.
Any two of these
Freedom
Creativity
Profit
Explanation:
pf
The correct will be Answer:
Problems Before Franchise Idea Any of the two of these: When Make time to meet with the clients instead of talking on the phone. Then Join to a business with networking group. Take any business colleagues or and prospects out to lunch at least once a week. Teach any subject to a workshop in your field at the community college. The three “pro” reasons for starting your own business. Any two of these Freedom Creativity Profitself-employedLearn more about:
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You are a manager of the Sweatshirt department at Trends, a clothing manufacturer. Trends plan to produce 25,000 sweatshirts. The sweatshirts will be sold to stores for 16$ each. The cost of manufacturing and marketing each sweatshirt is 10$. How many sweatshirts need to be sold for the company to reach break-even point?
Answer:
25,000 sweatshirts Sold in stores( markup) : $16 Raw expenses: $10So you have to reach a break even point 10×25000= $250,00016 × 25000= 400,000Hence to break even they must sell at the very least half of their inventory.Answer: 25,000 sweatshirts
Sold in stores( markup) : $16
Raw expenses: $10
So you have to reach a break even point
10×25000= $250,000
16 × 25000= 400,000
Hence to break even they must sell at the very least half of their inventory.
Julie Lambert has a large consulting practice. New clients are required to pay one-half of the consulting fees up front. The balance is paid at the conclusion of the consultation. How does Lambert account for the cash received at the end of the engagement
Answer: cash, earned consulting revenue
Explanation:
Lambert account for the cash gotten from clients through cash, earned consulting revenue. After several business has been done there would be an account of how payments where made, from this, records can be taken how cash where being payed through the records of transfers and payment.