Selling products on credit at a profit would help Norton Inc. raise its current ratio from 2.
Credit profit: What is it?In general, the credit balance shown in the owner's or stockholders' equity portion of the balance sheet represents the owners' investments in the business plus earnings less distributions to owners from the company's founding.
A profit—is it a credit or a debit?According to the "double entry" accounting method, credits (CR) represent income items in the profit and loss account and debits represent expenses (DR). A credit in the profit and loss account represents a net profit. In the profit and loss account, a net loss results in a debit.
Why do we provide profit credit?All of the year's receipts and outlays are listed in the profit and loss account. While all income is recorded on the credit side, all expenses are reported on the debit side. Profit is indicated when the credit side is greater than the debit side.
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Many companies use ________ to customize koozies for customers to use as inexpensive promotions
Many companies use 3D printing to customize koozies for customers to use as inexpensive promotions.
In marketing, advertising refers to any type of marketing communication used to educate the audience about the relative benefits of a product, service, brand, or problem, and is almost always compelling in nature.
Promotion refers to any activity that provides a product, brand, or service to a user. The idea is to attract people's attention to the product, attract it, and let them choose over other products. Description: There are different types of promotions.
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Consider the monopolistically competitive market structure, which has some features of a competitive market and some features of a monopoly. Complete the following table by indicating if each attribute characterizes a competitive market, a monopolistically competitive market, both, or neither. Check all that apply.
The characteristics of a competitive market, and a monopolistically competitive market are:
Price is equal to marginal cost - competitive market,Easy entry and exit - both Few sellers - neither Homogeneous product - competitive market,How are competitive and monopolistically competitive markets related?Both competitive and monopolistically competitive markets are easy to enter and exit from but only competitive markets have their pruice equal to their marginal cost.
The goods in a monopolistically competitive market is slightly variated while those in competive markets are homogenous.
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Pete owns a farm that sells wheat in a purely competitive market. the firm’s demand curve is a ________.
Pete owns a farm that sells wheat in a purely competitive market. the firm’s demand curve is a horizontal line.
The demand curve, in economics, is a graphic illustration of the relationship between product rate and the quantity of the product demanded. it's far drawn with fee at the vertical axis of the graph and amount demanded on the horizontal axis.
In economics, a call for curve is a graph depicting the connection between the price of a certain commodity and the amount of that commodity this is demanded at that charge. call for curves may be used either for the price-amount dating for an character customer, or for all consumers in a specific market.
As described above, the general shape of a call for curve is that it is downward sloping. The call for curve for maximum, if now not all, goods conform to this principle. There may be rare examples of goods that have an upward-sloping call for curves. A great whose demand curve has an upward slope is referred to as a Giffen top.
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Mike jacobs is planning to lease an automobile. in an effort to minimize the price of the vehicle being leased, mike should compare the ____________ at different leasing companies.
Mike Jacobs is planning to lease an automobile. in an effort to minimize the price of the vehicle being leased, mike should compare the capitalized cost at different leasing companies.
Capitalized costs are costs that are added to the fixed asset cost base on the company's balance sheet. Capitalized costs are incurred for the construction or acquisition of property, plant and equipment. Capitalized costs are recognized over time through depreciation or amortization rather than being recognized as an expense in the period in which they are incurred.
Sum the direct costs, maintenance costs, and all gross interest for a loan for a specific period to get the final cost. Four. Subtract the final profit from the final cost to get the capitalized cost of a given transaction for a given time period.
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_____________ was the founder of the institutionalist school of economics and was also a critic of marginalist theory.
Thorstein Veblen was the founder of the institutionalist school of economics and was also a critic of marginalist theory.
What was Thorstein Veblen known for?
Veblen is most known for his book The Theory of the Leisure Class, which popularized the term "conspicuous consumption" (defined as consumption done to flaunt one's class or achievements to others). Veblen is best recognized for this phrase more than any other.
What did Thorstein Veblen meant by conspicuous consumption?
Displaying extravagant riches to improve one's standing and reputation in society is known as conspicuous consumption. American economist and sociologist Thorstein Veblen originally addressed the subject in his book "The Theory of the Leisure Class" published in 1899.
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A program is being written by a team of programmers. One programmer is implementing a class called Employee; another programmer is writing code that will use the Employee class. Which of the following aspects of the public methods and fields of the Employee class does not need to be known by both programmers
The aspect that does not have to be known by the programmers would be How the methods are implemented.
What is a computer program?
This is the term that is used to refer to the sets of commands that are used to carry out special and specific functions on computers.
The both of them would not need to knwo how the methods are implemented.
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When an institution wishes to take a large position in a municipal bond issue but does not want its activities to be well known, it will generally make use of
When an institution wishes to take a large position in a municipal bond issue but does not want its activities to be well known, it will generally make use of: A municipal securities broker's broker.
An institution is a large important organization such as a university, church, or bank. An institution is a social structure in which people cooperate and which influences the behavior of people and the way they live.
institutions include the family, education, government, religion, and the economy. Institutions contribute to stability, especially in times of uncertainty, and help anchor expectations.
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Consider a $100,000, 30-year, 6. 9% mortgage with monthly payments. What portion of the payments during the first 31 months goes toward interest?.
The portion of the payments during the first 31 months goes toward interest is 82.95%.
What is a mortgage?A mortgage payment usually consists of four parts: principle, interest, taxes, and insurance. The Principal part is the sum that is deducted from your outstanding loan balance. The expense of borrowing money is expressed as interest. Your interest rate and loan balance determine the amount of interest you pay.
Mortgage Varieties
Conventional loan Best for borrowers with a good credit score.
Jumbo loans are ideal for individuals with great credit who want to purchase a large house.
Government-insured loan - Ideal for consumers with low credit ratings and little money for a down payment.
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Maximizing local profit or minimizing cost in a supply chain is best described as?
When a company engages in maximizing local profit or minimizing cost in a supply chain, this can best be described as local optimization.
What is local optimization?This refers to a when a company acts to gain competitive advantage in a local supply chain.
To do this, the company would need to maximize the profits it gets locally while minimizing the costs of running a supply chain.
When this happens, the company can be said to have achieved local optimization because they have found the optimal solution to getting more profit at less cost in the local area that they were focusing on.
In conclusion, this is local optimization.
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The monetary policy tool whereby the Federal Reserve buys and sells government bonds is called: the discount rate. open-market operations. reserve requirements. moral suasion.
The monetary policy tool whereby the Federal Reserve buys and sells government bonds is called (B) open-market operations.
What are open-market operations?An open market operation (OMO) is a macroeconomic activity in which a central bank provides (or withdraws) liquidity in its currency to (or from) a bank or group of banks.Open-market operations are the monetary policy tool through which the Federal Reserve buys and sells government bonds.The central bank can either buy or sell government bonds (or other financial assets) in the open market (hence the name) or, in what is now the preferred solution, enter into a repo or secured lending transaction with a commercial bank.The central bank gives the money as a deposit for a defined period while simultaneously taking an eligible asset as collateral.As the definition says, open-market operations are the monetary policy tool through which the Federal Reserve buys and sells government bonds.
Therefore, the monetary policy tool whereby the Federal Reserve buys and sells government bonds is called (B) open-market operations.
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Complete question:
The monetary policy tool whereby the Federal Reserve buys and sells government bonds is called:
(A) the discount rate.
(B) open-market operations.
(C) reserve requirements.
(D) moral suasion.
Greg has started a small grass cutting business. When is he expected to pay income tax on his earnings?
Answer:
honestly not sure
Explanation:
i just need points
What is the minimum cost of crashing the following project that roger solano manages at slippery rock university by 4 days?.
Answer:
The minimum cost of crashing the project that Roger Solano manages at Slippery Rock University by 4 days is $1100
Explanation:
The critical path of the project = Longest path of the project = CE
= 4 + 8
= 12 days
Other Paths = AD
= 6 + 5
= 11 days
In order to reduce project time by 4 days , we need to crash
C by 1 day,
E by 3 days
A by 1 day
D by 2 days
so as to have the total project duration be 8 days
Cost of crashing = Crashing cost of A, C, D, and E
= (1000 - 900) + (600 - 500) + (1200 - 900) + (1600-1000)
= 100 + 100 + 300 + 600
= $1100
To determine the minimum cost of crashing a project, we would need more information about the specific project's details, such as its critical path, activities, durations, and crash costs.
When it comes to project management, "crashing" is the practice of shortening project timelines by allocating more resources to critical tasks. This speeds up project completion but usually results in higher costs due to the additional resources required.
Key path operations of the project, their duration, additional resources required and their associated costs are some of the variables that affect the minimum cost of crashing the project for four days. Without this precise information it is impossible to give an accurate estimate of the minimum cost to eliminate the project led by Roger Solano at Slippery Rock University.
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Each of the following decreases total stockholders' equity except a cash dividend. liquidating dividend. stock dividend. all of these decrease total stockholders' equity.
Each of the following decreases total stockholders' equity except stock dividend.
The ownership stake that shareholders have in a firm is reflected in its equity accounting. A company's retained earnings, which are its cumulative profits, as well as ordinary and preferred shares, capital contributions over par, and other items are considered to be equity. The par value, also known as the stated value, is often set at one dollar or less and indicates the lowest share market value.
Corporations use retained earnings to pay dividends. Selling ordinary or preferred shares to minority shareholders is a popular way for privately owned companies to obtain money. The difference between a company's assets and liabilities is known as shareholders' equity, or owners' equity. By paying out surplus funds to owners, cash dividends lower investors' equity. Stock dividends do not change the equity of stockholders' balance; instead, they transfer more shares to shareholders.
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May the landscaper assert and maintain a counterclaim against the homeowner for breach of contract, seeking the $30,000 due under the landscape contract?
No the landscaper cannot make the claim under the landscaping contract as the court does not have subject matter jurisdiction. A landscaping contract, also known as a landscaping services contract, is a legally binding agreement between a landscaping contractor and a client.
The agreement specifies payment terms, contact information for each party, types of services provided, and how to resolve legal disputes. It is common practice to require clients to sign a landscaping contract. When both parties sign a landscaping contract, it is legally binding and represents a shared understanding. A landscaping contract must contain several essential elements in order to be enforceable and get claim.
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Which type of sales promotion tactic is the distribution of free food products to customers at costco?
Sampling is a type of sales promotion tactic is the distribution of free food products to customers at cost by the company.
Product sampling is a term used in the retail chains. It relates to marketing. It makes part of the in-store marketing, and it is one of the most famous sale promotion tools.
A sample is a promotion of sales in which a small amount of a product that is held for sale is given to consumers just to try. Samples encourage more and more trial and an increases the awareness of the product.
The idea as well as the motive behind giving away samples is to attract more people to buy a product. Sampling is an expensive strategy, but still it is usually very effective for food products.
People usually try the product and the person who is providing the samples tells the consumers about the product's characteristics, and mentions any special pricing or offers for the product and consumer if satisfied do purchase the product.
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Saul Goodman graduates from law school and gets a position in a law firm. At the same time the price of pizza falls while other food prices have stayed the same. He notices that he buys less pizza than he did before. Is he violating the law of demand
Yes, Saul Goodman is violating Law Of Demand.
What is Law of Demand?One of the most fundamental ideas in economics is the law of demand. It explains how market economies distribute resources and set the prices of goods and services that we see in daily transactions by combining the law of supply. According to the law of demand, the quantity bought varies inversely with price. In other words, the quantity demanded decreases as the price increases. Because of declining marginal utility, this happens. In other words, consumers utilize the initial units of an economic good they buy to fulfill their most pressing requirements first, and they use the subsequent units to fulfill progressively lower-valued goals.Since, Saul Goodman bought less pizza after its price drop, he's violating the law of demand.
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A rectangular floor measures $a$ feet by $b$ feet, where $a$ and $b$ are positive integers with $b > a$. An artist paints a rectangle on the floor with the sides of the rectangle parallel to the sides of the floor. The unpainted part of the floor forms a border of width 1 foot around the painted rectangle and occupies half the area of the entire floor. How many possibilities are there for the ordered pair $(a,b)$?
The number of possibilities that are there for the ordered pair is 2.
Calculation and ParametersBecause the unpainted part of the floor covers 1/2 of the area, then the painted rectangle covers 1/2 of the area as well.
Given that the border width is 1 foot, the dimensions of the rectangle are a-2 by b-2.
Making an equation:
ab= 2((a-2)(b-2))
ab= 2ab-4a-4b+8
ab-4a-4b+8=0
If we apply Simon's Favorite Factoring Trick,
ab-4a-4b+16= 8
(a-4)(b-4)= 8
Since b > a, then we have the possibilities
(a-4) = 1 and (b-4) = 8, or (a-4) = 2 and (b-4) = 4.
(5, 12) or (6,8) which gives us 2 possibilities.
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When manufacturing overhead costs are assigned to production in a process cost system, they are debited to.
When manufacturing overhead costs are assigned to production in a process cost system, they are debited to a work in process account.
What Is a Work-in-Progress (WIP)?
Production and supply-chain management terms for partially finished goods that are awaiting completion include "work-in-progress" (WIP). Raw materials, labor, and overhead expenses expended for goods that are in different phases of manufacturing are referred to as "work in progress," or WIP.
On the balance sheet, WIP is a part of the asset account for inventory. The finished goods account receives these costs after which they are ultimately passed to the cost of sales.
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Which marketing organization or entity is not part of traditional marketing channels or supply chains?
Which marketing organization or entity is not part of traditional marketing channels or supply chains: Competitors.
Traditional marketing methods typically involve advertising through newspapers, magazines, telephone books, radio, and TV.
Traditional marketing refers to a form of promotion that reaches an audience offline. Companies use marketing channels.
Traditional marketing plays an important role in reaching local audiences and interacting with customers on a personal level.
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When a country imposes tariffs, it is likely to cause
increased quantities of imports.
higher prices for the import-competing goods both domestically and abroad.
lower prices for domestic production.
less expensive exports.
Answer:
lower prices for domestic production
Explanation:
tariffs means
more tax on imports so
imports would be more expensive
A. increased quantities of imports?
if imports are more expensive because of tariffs and
if people buy less
then there would NOT be
increased quantities of imports
because they are more expensive
B. higher prices for the import-competing goods both domestically and abroad?
import-competing (domestic) goods would be cheaper
C. lower prices for domestic production?
yes domestic production would be cheaper
D. less expensive exports?
only if other countries don't put tariffs on them themselves
When a country imposes tariffs, it is likely to cause: Higher prices for the import-competing goods. Tariffs tend to reduce the volume of imports by: Making them more expensive to domestic consumers.
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Duress occurs when a. a party gives notice of refusal to be bound by an agreement. b. an improper threat is made to force another party to enter into a contract. c. both parties contract based on the same factual error. d. the enforcement of a contract results in unconscionability.
The correct option is ( b) an improper threat is made to force another party to enter into a contract.
In law, a situation in which someone acts under duress or coercion is one in which the person is subjected to violence, threats, or other forms of pressure.
Using force, coercion, threats, or psychological pressure, among other things, to persuade someone to act against their will is known as duress. If someone is behaving under duress, they are not doing voluntarily, and as such, they may be treated as such in legal proceedings.
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what are the differentiates between needs and wants
The Fannie Mae 1004 form is intended to be used to report an appraisal on modular or panelized homes.
This is true. The Fannie Mae 1004 form is intended to be used to report an appraisal on modular or panelized homes.
What is the Fannie Mae 1004 form?This is the term that is used to refer to the form that is used to report the appraisals of one unit properties that are made up of with units that act as accessories in the United States of America,
The report does not give the appraisal of the houses that have been manufactured or built in the forms of what is a cooperative.
The appraisal is usually done for a detached single unit home in the country.
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During a period of rising prices, if a firm desires to report a low gross profit figure in hopes of reducing their income tax liability, the firm will use the __________ inventory valuation method.
If the firm wants to report a low gross profit figure in hopes of reducing their income tax liability, the firm would use the LIFO inventory valuation method.
What is the LIFO inventory valuation method?A period of rising prices is known as an inflationary period. Gross profit is total revenue less the cost of goods sold. The gross profit reported can be low if the cost of goods sold is high.
An inventory method that would allocate a high cost of goods sold is the LIFO inventory method. LIFO is a short form of last in, first out. It means that the inventory purchased the latest are the first to be sold.
An example: assume that beginning inventory is 200 units at a price of $2. During the month 100 units were bought $10. At the end of the month 100 units have been sold. If the LIFO method is used, the cost of goods sold would be $10.
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Major telecommunications companies such as Telstra gather an amazing amount of information regarding customer mobile phone transactions. Managing this information is an example of a: Select one: a. market surveillance system. b. marketing information system. c. market research tool. d. systematic data collection system.
Major telecommunications companies such as Telstra gather an amazing amount of information regarding customer mobile phone transactions. Managing this information is an example of a marketing information system.
Telecommunications is the transmission of information over various types of techniques, via wired, wireless, optical, or other electromagnetic systems. It stems from the desire of people to communicate longer than the distance achievable by the human voice, but with similar levels of convenience. Therefore, slow systems are excluded from the field.
Telecommunications transmission media have evolved through a variety of technological stages, from beacons and other visual signals to electrical cables and electromagnetic radiation, including light. rice field. Such transmission paths are often split into communication channels. This has the advantage of being able to multiple multiple simultaneous communication sessions. Telecommunications is often used in the plural.
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The first step of the accounting cycle is to _____. post journal entries to the ledger prepare an unadjusted trial balance analyze the adjustment entries analyze and record the transactions in the journal
Analyze and record the transactions in the journal.
The first step of the accounting cycle is to analyze and record the transactions in the journal.
What are all the steps involved in accounting cycle?
There are 10 steps involved in accounting cycle, which are the following:
The journal is used to analyze and record transactions.The ledger is updated with transactions.A trial balance without adjustments is created.Data on adjustments are compiled and examined.A work sheet (spreadsheet) for the conclusion of the term is optionally created.Corrective entries are recorded in the journal and added to the ledger.The trial balance is modified.Financial reports are created.Journalizing and posting closing entries to the ledger.A trial balance after closing is created.Learn more about accounting cycle here:
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Francine moved out of the property she was renting, and she left it in pristine condition. How long after she moves out does the property manager have to return her security deposit
One month; property manager will have to return her security deposit in one month after she moves out of the property.
More about security deposit:
Source of funds to pay tenant obligations owed to the landlord in the event of a breach of the rental or lease agreement. When a tenant fails to uphold their financial obligations under the terms of a rental or lease agreement, the landlord may be able to recover some of their financial losses from the security deposit.
If a tenant's creditworthiness affects the security deposit, the landlord must set clear and specific criteria for the various creditworthiness levels they consider when choosing tenants (such as credit scoring).
Additionally, each potential tenant who falls within each level of creditworthiness must pay the security deposit amount that has been established for that level.
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As soon as possible, you need to learn from Lori in Shipping and Receiving whether she and her colleagues can fulfill a large, time-sensitive customer order. If she cannot, you need her advice on where you can get it done.
This question is about the different types of communication and which is appropriate per situation.
Which type of communication is appropriate in the above scenario?The kind of communication that is appropriate in the above scenario is: Oral and written communication.
The communication must be done orally first because it is urgent.
It must then be followed up with written communication because is it sensitive.
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Company ABC is in the middle of a tender offer to purchase a small competitor, at a ratio of 3 shares of ABC stock for each share of the target company. In four days, the tender will expire, and the number of shares tendered remains below the squeeze-out threshold. What options are available to the company to ensure the tender is fully subscribed
The option available to the company to ensure the tender is fully subscribed is to extend the tender and offer a 3.5x multiple to all investors (all holders' best price).
A tender offer is an open invitation to all shareholders to tender their shares for sale at a set price and during a certain window of time.
In order to give shareholders a stronger incentive to sell their shares, the tender offer is often established at a price per share that is higher than the company's existing stock price.
When a takeover attempt is made, the tender can be subject to the potential buyer being able to acquire a specific number of shares, such as those needed to form a majority stake in the business.
Hence, extending the tender and offer a 3.5x multiple to all investors (all holders' best price) is the option available to the company.
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Rhea is a manager at an art supply store. She closely supervises her employees, but also explains decisions and asks for feedback. Which
(A) the coach's leadership style to guide employees to achieve the best possible results.
The four styles of leadership (coaches, facilitators, delegators, and leaders) can be demonstrated by individuals, depending on the circumstances they are facing and the level of ability and motivation they or their follower's exhibit.
Leadership is about achieving goals through the guidance of human assistants. A leader is someone who is successful in getting his human colleagues to achieve a specific goal. A good leader is someone who can do this every day, year after year, under different circumstances.
This question is incomplete. Please read the question below.
Rhea is a manager at an art supply store. She closely supervises her employees, but also explains decisions and asks for feedback. Which leadership style does Rhea use?
A. Coach
B. Supporter
C. Delegator
D. Director
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