Answer:
e. Purchases & freight= 60,000
f. Cost of goods sold= 88,800
d. Sales= 202,800
g.Operating income= 28,000
Explanation:
Calculation for the missing amounts for Flynt Corp.
e. Computaion for Purchases & freight-in
Using this formula
Purchases & freight-in= Cost of Goods Available for Sale - Beginning Merchandise Inventory
Let plug in the formula
Purchases & freight= 91,000 - 31,000
Purchases & freight= $ 60,000
f. Computation for Cost of goods sold
Using this formula
Cost of goods sold = Cost of Goods Available for Sale - Ending Merchandise Inventory
Let plug in the formula
Cost of goods sold= 91,000 - 2,200
Cost of goods sold= 88,800
d. Computation for Sales
Using this formula
Sales = Gross profit + Cost of goods sold
Let plug in the formula
Sales= 114 000 + 88,800
Sales= 202,800
g. Computation for Operating income
Using this formula
Operating income = Gross profit - Selling and Administrative Expenses
Let plug in the formula
Operating income= 114,000 - 86,000
Operating income= 28,000
Preparation for the Income statement for Flynt Corp.
Flynt INCOME STATEMENT
Sales 202,800 (i)
Cost of good sold :
Beginning Merchandise Inventory 31,000
Purchases and Freight In 60,000
Total Cost of goods available for sale 91,000
(60,000+31,000)
Less Ending Merchandise Inventory 2,200
Cost of goods sold 88,800 (ii)
(91,000-2,200)
Gross profit 114,000
(202,800 - 88,800)
Less Selling & Administrative expenses 86,000
Operating income 28,000
What are tic tac like what is good for you
Answer: Ingredients. Sugar, fructose, maltodextrin, peppermint essential oil, rice starch, gum arabic, filling agent (magnesium salts of fatty acids), glazing agent (carnauba wax).
Explanation:
They are NOT good for u. :(
What are the safety risks associated with using the Internet? Check all that apply.
encountering inappropriate content
finding incorrect information
getting a computer virus
having your identity stolen
talking privately with your friends
Answer:
A) Encountering inappropriate content.
C) Getting a computer virus.
D) Having your identity stolen.
The safety risks associated with using the Internet are encountering inappropriate content, getting a computer virus, and having your identity stolen.
With its limitless access to information, the Internet is both a useful tool and a potential threat to safety and security. It's crucial to keep an eye on what a youngster sees, hears, shares, or could be exposed to.
Privacy settings can restrict who can view your child's personal information, such as their name, age, and residence. However, if your child adds someone as a "friend," that person will have access to your child's private information, including, in the case of some devices, their GPS position.
Therefore, the following statements are:
Encountering inappropriate content.Getting a computer virus.Having your identity stolen.To know more about the safety risks, visit:
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A pregnant client with a history of heart disease asks how she can relieve her occasional heartburn. The nurse teaches her self-care measures. What statement indicates to the nurse that the client understands the teaching?
Answer:
I don't take sodium-containing antacids.
Explanation:
Excess fluid retention, which increases the workload of the heart, which is an undesirable effect of sodium intake, especially in a person with heart disease. Sleeping 1 hour after eating promotes gastric regurgitation so that inflammation in the heart ends. Fluid intake should be 2 L per day. Three large meals a day can upset the stomach, resulting in heartburn. Preference is given to small meals throughout the day.Suppose the most you would be willing to pay to have a freshly washed car before going out on a date is $6. The smallest amount for which you would be willing to wash someone else's car is $3.50. You are going out this evening and your car is dirty. How much economic surplus would you receive from washing it?
Answer:
$2.50
Explanation:
The most you would be willing to pay to have a freshly washed car before going out on a date is $6
The smallest amount you would be willing to wash another person's car is $3.50
Therefore if you are going out and need to wash the car, the economic surplus that would be received from washing it can be calculated as follows
= $6 - $3.50
= $2.50
Hence the economic surplus that would be received from washing the car is $2.50
Helios, inc. is considering the purchase of abc co. helios believes that abc co. can generate cash flows of $5,000, $9,000 and $15,000 over the next 3 years, respectively. after that time, they feel the business with be worthless. helios has determined that a 14% rate of return is applicable to this potential purchase. what is helios willing to pay today to buy abc co.?
Answer:
Price to pay =$21,435.75
Explanation:
The amount Helios should be willing to pay is the present value of the future cash flow discounted at the required rate of return of 14%.
The present value of a stream of future cash flow is the amount that would be invested today to earn the stream of cash flows
PV = 5,000× 1.14^(-1) + 9,000× 1.14^(-2) + 15,000× 1.14^(-3)= 21,435.75
Present Value = $21,435.75
Price to pay =$21,435.75
An important __________ for Medtronic's Micra pacemaker is its unmatched small size, about the size of a vitamin capsule, which allows it to be implanted directly into the heart without invasive surgery or the need for electrical leads.
Answer:
point of difference
Explanation:
From the question we were told that , "An important point of difference for Medtronic's Micra pacemaker is its unmatched small size, about the size of a vitamin capsule, that gives room for implantation directly into the heart without invasive surgery or the need for electrical leads.
This point of difference that Medtronic's Micra pacemaker has that ,make his vitamins available for implantation directly to the heart without surgery, is as a result of point of difference in a company gives a differentiation between him/her and his/her others organization or business offering the same services.
Why have many insurers replaced retrospective reimbursement methods with prospective payment methods
Answer:
have more control over financial risk
Explanation:
The main reason for this switch was to be able to have more control over financial risk. This is because, in a prospective payment system, most of the risk is moved to the provider's side. This ultimately allows the provider to take the necessary actions in order to control/minimize/or adjust the amount of risk that is present in a specific transaction/scenario.
The income statement begins with revenue and subtracts various operating expenses until arriving at Earnings Before Interest and Taxes. Next, interest expense is subtracted to find the taxable income for the period. Then the appropriate taxes are calculated and subtracted. We finally arrive at the ________ , the so called bottom line of the income statement. Group of answer choices
Full question attached
Answer:
D. Earnings before interest and taxes(EBIT)
Explanation:
Earnings before interest and taxes abbreviated EBIT in the income statement is arrived at by deducting operating expenses from revenue/sales to get operating income. The operating income is earnings before interest and taxes which comes before gross income(subtract other expenses). Operating expenses are the main expenses concerned with operations of the business such as the Sales
Notren, Inc., a U.S. company, and SWT, a Singapore company, entered into a contract under which SWT is to ship party supplies to Notren. One of the terms of the contract states, "Any disputes that arise under this contract will be resolved in the courts of Singapore." This contract term is a
Answer:
Choice of forum clause.
Explanation:
In this scenario, Notren, Inc., a U.S. company, and SWT, a Singapore company, entered into a contract under which SWT is to ship party supplies to Notren.
In the contract agreement, one of the terms of states; "Any disputes that arise under this contract will be resolved in the courts of Singapore."
Hence, this contract term is a choice of forum clause.
A choice of forum clause can be defined as a contractual provision in a contract in which the involved parties stipulates the place of jurisdiction, choice of arbitrators, conciliators, or group of arbitrator or conciliators for any lawsuit, litigations, arbitration, or conciliation arising from the particular contract. In this case, the place of legal jurisdiction is the court of Singapore.
Additionally, a contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law. Also, mutual assent is a legal term which represents an agreement by both parties to a contract. Therefore, mutual assent connotes agreement, acceptance and consent to a contract by both parties.
This ultimately implies that, both Notren Inc. and SWT are in a contract as a result of mutual assent between the two (2) parties.
A company leases trucks and properly classifies the leases as finance leases. The leases have a 10-year term, and the lease calculations were done three years ago when interest rates were lower. Which of the following is the appropriate accounting treatment, if any, for the application of the fair value option to lease transactions?A. Recognize the change to fair value accounting with an unrealized loss in the income statement.B. Leases are not eligible for the fair value option.C. Recognize the change to fair value accounting with an unrealized loss in accumulated other comprehensive income.D. Recognize the change to fair value accounting with a cumulative adjustment to beginning retained earnings.
Answer:
D. Recognize the change to fair value accounting with a cumulative adjustment to beginning retained earnings.
Explanation:
In the situation whereby the 10 year term of the leased trucks value has adjusted leading to the increase in the interest rate of the lease, the best option would be recognize the change to fair value with its cummulative adjustment to beginning of the retained earnings.
Question 3 of 10
A standard is a:
Answer: Level of quality or performance that people accept as normal
Explanation: I took this quiz
Navigate to the paragraph titled, "Who is counted as unemployed?" Next, list the three qualifications required for a person to be classified as unemployed. (Site 1)
People are classified as unemployed if they do not have a job, have actively looked for work in the prior 4 weeks, and are currently available for work.
Actively looking for work may consist of any of the following activities:
Submitting resumes or filling out applications
Placing or answering job advertisements
Checking union or professional registers
Some other means of active job search
Three qualifications are required for a person to be classified as unemployed.
When an individual does not have a job.When an individual has the willingness to do work.When a person searching job.What is unemployment?Unemployment mainly refers to a situation where there is the availability of a sufficient amount of workforce based on their qualifications and willingness to perform any job but the market has to lack job opportunities available to hire them.
The economic conditions play a significant role in unemployment. When the company earns less profit it will have fewer demands for a workforce which creates unemployment in the market.
Technological advancement also causes unemployment as manpower work is mostly replaced by high technology equipment that provides quick and efficient services.
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Stanford University tells students that they will "Grasp the forces driving the change," while students at Ryerson University are attracted by "Wisdom. Applied." What are these slogans used for?
Answer:
Element of culture
Explanation:
Culture is a broad term that is often used in sociology to describe a combination of suggestions, customs, and social behavior of a particular individual or society. The elements of culture include the following: symbols, language, standards, significances, etc
Hence, in the situation, the correct answer is that these slogans are used for the Element of Culture.
1. What Is a waste stream?
Answer:
Hello!
Explanation:
A waste stream is like a total flow of solid waste from, homes, businesses, Institutions, and manufacturing plants that is recycled, burned or disposed.
Happy to Help From: Corrupted Jason
streams are flows of specific waste, from its source through to recovery, recycling or disposal!
There are 3 main kinds of waste streams: Sewerage, trade waste, and hazardous waste.
Which roles do franchisees play in case of a product distribution franchise?
Answer:
For the most part, Franchisees own the land and run the day to day operations of the stores that they finance.
Explanation:
Luke is going to school to get a degree in Veterinary Medicine. He wants to work in an animal hospital after he graduates.
Which of the following job options would be most beneficial to Luke's career while he is going to school?
a. Babysit after school
b. Work at a fast food restaurant
c. Volunteer at a social service agency
d. Work an entry level position at a veterinary clinic
PLEASE HELP WILL GIVE BRAINLY!!!!!!!!!
In the above diagram, the demand for pepper is an example of price __________.
A. elasticity
B. shifting
C. inelasticity
D. controlling
Answer:
the answer is B yeah i think they fit
Answer:
PEOPLE ARE SAYING B AND A WHICH ONE IS IT
Explanation:
AHHHHHHHHHHHHHHHH
Any voluntary disenrollment occurring within three (3) months of the membership effective date is considered a rapid disenrollment and will result in a chargeback of the full commission paid.a) trueb) false
Answer: true
Explanation:
The reports available on Aetna's producers world are ones Medicare business book, month or year of commission report and licensing reports.
The requirements necessary to have ready-to-sell Aetna Medicare status are
Aetna Individual Medicare certification for the products one intend to sell, active contract through Medicare Producer Contracting site, having a licensed in the state one wants to sell and also passed ng a check done background.
Any voluntary disenrollment occurring within three (3) months of the membership effective date is considered a rapid disenrollment and will result in a chargeback of the full commission paid is true.
Alpha Company reported the following financial statement information:December 31, 2006:Assets $70,000 Liabilities 45,000December 31, 2007:Assets 82,000Liabilities 55,000During 2007:Stockholder investments 3,000Net income ?Dividends 6,000Calculate Alpha’s net income for the year ended December 31, 2007 and the change in stockholders’ equity for the year ended December 31, 2007.Net income Change in stockholders' equityA. ($3,000) $2,000 increaseB. $5,000 $2,000 increaseC. $5,000 $2,000 decrease
Answer:
the answer is 571 and 1903
According to Michael Porter, the reason many firms suffer margin-eroding competition is because they have defined themselves according to strategic positioning rather than operational effectiveness.A. TrueB. False
Answer:
False.
Explanation:
This statement is false, for Michael Porter for a company to remain competitive in the market, it must develop an effective strategy that allows it to remain superior to its direct competitors in the market, which are the three generic strategies, which are : cost leadership, focus and differentiation. For the author, companies that are effective in the development of these strategies will be successful in the market and achieve continuous improvement in all their processes, that is, the operational efficiency will be achieved with the improvement of the processes provided by the strategy, which maximizes the chance for organizations to remain competitive and well positioned.
would anyone be willing to give away tickets for a concert please?
Where can you take DMV
examinations, and what type of
examination are there?
Fair value changes are not recognized in the accounting records. b. Financial information is presented so that investors will not be misled. c. Intangible assets are amortized over periods benefited. d. Agricultural companies use fair value for purposes of valuing crops. e. Each enterprise is kept as a unit distinct from its owner or owners. f. All significant post-balance-sheet events are disclosed. g. Revenue is recorded when the product is delivered. h. All important aspects of bond indentures are presented in
Answer:
a. Historical Cost Principle = All the assets are recorded at their historical cost except the short term investments.
b. Full Disclosure Principle = All the details of the financial conditions of the company shall be stated properly.
c. Expense recognition principle = All expenses shall be recorded properly, and the cost of intangible assets shall be charged as expense during its useful life as amortisation expense.
d. Industry practice and fair value principle = As stated in (a) also, all short term investments shall be valued at fair value, as crops are their stock it is an industry practice in agricultural sector to record crops at fair value.
e. Economic Entity assumption = The owner of a business and that his business are two different legal persons, as income of business is computed and assessed separately and that the income of the owner is assessed separately.
f. Full Disclosure Principle = As there is a time gap in closing the actual financial year on 31 December and preparing the balance sheet, several transactions which are considered to be of important aspect for the people concerned are disclosed in the balance sheet as events after the balance sheet but before the reporting date.
g. Revenue Recognition principle = Revenue shall only be recorded when the entire risk is transferred to the buyer, and that only the payments are left to be received.
h. Full Disclosure Principle = Again all the financial statements shall disclose all the material facts as for investors interests the full disclosure principle is followed.
LMN Enterprises performs accounting services for a client for $3,000 cash. What is the effect on the accounting equation?
Answer:
The equation remains balanced but there is a total increase of $ 3000 on both sides.
Explanation:
Cash is increased by earning a cash of $ 3000 and so is the revenue increased . Increase in the revenue means increase in the capital.
The total profit earned is added in the Capital.
The increase in the right hand side of the equation is equal to the increase in the left hand side of the equation.
Assets = Liabilities + Capital
Cash +Assets = Liabilities + Capital + Revenue
+ $ 3000 = + $ 3000
The equation remains balanced but there is a total increase of $ 3000 on both sides.
Which of the following are examples of career clusters? Select all that apply.
Answer:
(1) Agriculture, Food & Natural Resources
(2) Architecture & Construction
(3) Arts, A/V Technology & Communications
(4) Business, Management & Administration
(5) Education & Training
(6) Finance
(7) Government & Public Administration
(8) Health Science
(9) Hospitality & Tourism
(10) Human Services
(11) Information Technology
(12) Law, Public Safety, Corrections & Security
(13) Manufacturing
(14) Marketing, Sales & Service
(15) Science, Technology, Engineering & Mathematics
(16) Transportation, Distribution & Logistics
Explanation:
Owners' equity is the same thing as
A. gross profit
O B. gross loss
C. net liabilities
O D. net assets
Techniques to increase productivity in the performance of discrete tasks, by requiring less human labor in each step of the production process, are widely utilized. Consultants on productivity enhancement point out, however, that although these techniques achieve their specific goal, they are not without drawbacks. They often instill enough resentment in the workforce eventually to lead to a slowdown in the production process as a whole.
Which of the following can be reasonably inferred from the statements above?
A. Productivity enhancement techniques do not attain their intended purpose and should not be employed in the workplace.
B. The fact that productivity enhancement techniques are so widely employed has led to a decline in the ability of American businesses to compete abroad.
C. If productivity enhancement consultants continue to utilize these techniques, complete work stoppages will eventually result.
D. Ironically, an increase in the productivity of discrete tasks may result in a decrease in the productivity of the whole production process.
E. Production managers are dissatisfied with the efforts that productivity enhancement consultants have made to increase productivity.
The reasonably inferred from the statement can be if productivity enhancement consultants continue to utilize these techniques, complete work stoppages will eventually result. Thus, the correct option is (C).
Productivity tactics are ways that assist you get into productive flow states, allowing you to cut to quality with minimal effort. Most productivity tactics are based on behavioral science and are designed to take advantage of how your brain operates.
Capital productivity, material productivity, labor productivity, and total factor productivity are the four main forms of productivity measurements.
Productivity in the service industry may be measured by the number of jobs completed or clients serviced in a particular time period.
Other indicators include whether the service provided matched corporate or customer requirements and whether performance deadlines were fulfilled.
Therefore, the correct option is "C".
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Capitalism is another name for a traditional economic system.
true or false
Answer:
true
Explanation:
competition forces businesses to search for new ways to satisfy customers wants and needs
\Which of the following is a difference between organization design and organizational behavior? Group of answer choices Organization design focuses on individuals within organizations, while organizational behavior analyzes the whole organization as a unit. Organization design is concerned with cognitive and emotional differences among people within organizations, while organizational behavior is concerned with the differences in structure and behavior at the organization level of analysis. Organization design is concerned with lower management, while organizational behavior is concerned with top- and middle-management. Organization design might be considered the sociology of organizations, while organizational behavior is the psychology of organizations.
Answer:
Organization design might be considered the sociology of organizations, while organizational behavior is the psychology of organizations.
Explanation:
The major difference between an organization design and organizational behavior is that, organization design might be considered the sociology of organizations, while organizational behavior is the psychology of organizations.
Hence, organization design describes how workflow such as supervision, task allocation and coordination are to be accomplished in an organization.
Don is a quality control manager at Vittel Glass House. He shouts at his subordinates if they fail to meet his expectations. This has severely affected his relationship with his subordinates. Which of the following is a guideline for effective human relations that Don should follow in order to correct this?A. He should think before acting.B. He should create a win-lose situation in the company.C. He should be genuinely interested in himself.D. He should listen to other managers.
Answer:
A. He should think before acting.
Explanation:
In this scenario Don shouts at his subordinates if they fail to meet his expectations, severely affecting his relationship with his subordinates.
Don is obviously impulsive in his reaction to situations.
When he takes the time to think and weigh the benefit of shouting on his subordinates, he will realise this is an unproductive strategy.
Rather he should find out why employees did not meet his expectations and formulate ways to.make them more productive