a. Prepare journal entries to record the following transactions of Recycled Fashion retail store. Recycled Fashion uses a perpetual inventory system and the gross method
Mar. 3 Purchased $1,150 of merchandise made from recycled material from GreenWorld Company with credit terms of 2/15, n/60, invoice dated March 3, and FOB shipping point.
4 Paid $75 cash for shipping charges on the March 3 purchase.
5 Returned to GreenWorld unacceptable merchandise that had an invoice price of $150.
18 Paid GreenWorld for the March 3 purchase, net of the discount and the returned merchandise.
19 Purchased $425 of fair trade merchandise from PeopleFirst Corp. with credit terms of 1/10, n/30, invoice dated March 19, and FOB destination.
21 After negotiations, received from PeopleFirst a $25 allowance (for scuffed merchandise) toward the $425 owed on the March 19 purchase.
29 Sent check to PeopleFirst paying for the March 19 purchase, net of the allowance and the discount.

Answer: (B) New market segment

Explanation:

 The new market segment strategy is one of the type business strategy that helps in increase the growth of an organization by developing the various types of market segments with some unique characteristics and features for the products and the services.

The main objective of the new market segment strategy is that it helps in variation in the marketing process, products and in the distribution process.

According to the given question, the Starbucks is introduced the Tazo tea in their menu and the main aim of the company is to bring the new customer. Therefore, The Starbucks is using the new market segment strategy.

Therefore, Option (B) is correct answer.      

Answer: THEY ARE CONSIDERED IN THE UNITED STATES AS ILLEGAL AND UNETHICAL.

Explanation: The side payment for favorable business contracts in foreign countries made by International Turtle Trap Manufacturing Corporation is an ILLEGAL AND UNETHICAL ACT, which is punishable under the Constitution of the United States of America and most other developed countries of the world.

Side payments are payments made outside the recommended payments as stated or listed in the terms of agreement in order to subvert justice and Due process in the execution of tasks or contracts.

Answer:

5 years

Explanation:

According to the conservative end of period cash flow approach, cash flow is only computed at the end of the period. Therefore, the payback occurs at the year when the balance ceases to be negative. With constant cash flows of $25,000:

[tex]Initial\ \ \ \ \ \ \ \ \ \ \ \ -\$124,000\\End\ of\ year\ 1\ -\$99,000\\End\ of\ year\ 2\ -\$74,000\\End\ of\ year\ 3\ -\$49,000\\End\ of\ year\ 4\ -\$24,000\\End\ of\ year\ 5\ \ \ \ \ \$1,000[/tex]

The payback period is 5 years.

Answer:

3. Correctly ignored a sunk cost

Explanation:

Sunk costs refer to those costs which have been incurred in the past and which can no longer be recovered. For example, past expenditure on research and development with no current or future benefits represent sunk costs which can no longer be recovered.

Sunk costs are irrelevant for decision making process as they do not relate to current projects and yield no economic benefit.

In the given case, Manuel had already purchased a $10 movie ticket, which can neither be transferred nor eligible for a refund.  Later when he does not exercise the option of going for the movie and opts for a concert instead, the amount of 10$ spent on the movie represents a sunk cost which is non recoverable.

Final answer:

From an economist's view, Manuel should focus on the marginal costs and benefits of current and future options, rather than the sunk cost of the movie ticket.

Explanation:

From the perspective of an economist, if Manuel chooses to attend the movie instead of going to the concert with Poornima, he is allowing a sunk cost to improperly influence his decision. The $10 he spent on the movie ticket is a sunk cost, which means it has already been incurred and cannot be recovered. His decision should be based on the comparative benefits of the current options he has: either the experience of watching the movie or the enjoyment and potential relationship benefits of going to the concert. Since he prefers to go on the date with Poornima, going to the movie would not be an optimal choice. The economist's advice would be to ignore the sunk cost of the movie ticket and attend the concert, as that would provide greater utility to Manuel.

Answer:

$696 (approx)

Explanation:

Given:

Loan amount(P) = $25,000

Years = 4

Interest rate = 15%

Number of total month(n) = 4*12 = 48

Monthly interest rate(r) = 15 / (12*100) = 0.0125

[tex]EMI = \frac{pr(1+r)^n}{(1+r)^n-1} \\EMI = \frac{25,000\times 0.0125(1+0.0125)^{48}}{(1+0.0125)^{48}-1}\\\\ EMI = \frac{312.5(1.0125)^{48}}{(1.0125)^{48}-1}\\\\ EMI = \frac{312.5(1.81535485)}{(1.81535485)-1}\\\\EMI = \frac{567.2983}{0.81535485}\\\\EMI = 695.7685[/tex]

Answer:

$2,527.5

Explanation:

Indirect labor hours:

= Estimated total indirect costs ÷ Direct labor hours per year

= $222,000 ÷ 24,000

= $9.25

Total job​ cost:

= Direct labor cost  + Indirect labor cost

= (direct labor rate per hour × Number of direct labor hours) + (Number of direct labor hours × Indirect labor rate per hour)

= ($75 × 30) + (30 × $9.25)

= $2,250 + $277.5

= $2,527.5

Answer:

correct option is b. $159,000

Explanation:

given data

purchase land = $96,000

offer sale = $172,000

assessed for tax purposes = $106,000

recognized  purchaser worth = $162,000

purchased = $159,000

solution

we know that when we purchase a parcel of land then

the price paid for by the purchaser is the amount  and that amount is to be recorded in the books

so that land will record in the purchaser books is  $159,000

so correct option is b. $159,000  

Answer:

Business Process Re-engineering

Explanation:

This involves redesign business processes in such a manner that repetition is avoided and wastes  as well as its costs are avoided.

By re-engineering business processes,organizations can identify those activities that are value adding and prioritize,while those that do not add value are eliminated.

Answer:

Yas tax revenue depend on elasticity of demand curve.

Explanation:

first of all we need to understand that inelastic demand curve means in which increase or decreases of price don't change consumption pattern  of consumer, however elastic demand meant in which increases or decreases price effect consumption behavior, this depend whether commodity or good is necessity  or luxurious good. so if demand is inelastic government can impose and earn more revenue from that good on other hand to impose tax on elastic commodities government cannot earn profit and there is less margin.  

Answer:

The correct answer is letter "A": The opportunity cost of teaching an introductory course is higher for graduate students than for full professors.

Explanation:

Opportunity cost represents the return of the choice taken compared to the return of the option left behind. For a university professor, the opportunity cost of giving an undergraduate class is lower than the opportunity cost that reflects teaching the undergraduate class to graduate students. This is because graduate students are starting to obtain experience but professors have it already.

Answer:

The correct answer is C

Explanation:

The amount would be:

Amount = Issued Amount × Interest rate

= $600,000 × 10%

= $60,000

So, the interest would be $60,000, this amount to be paid on year end.

But the installment payment is of $69,932

Balance amount = $69,932 - $60,000

= $9,932

The first installment is of amount $60,000. So, the principal balance would be:

Principal balance = Amount - Balance amount

= $600,000 - $9,932

= $590,068

Answer:

c.Vertical Analysis.

Explanation:

Vertical analysis is a proportional analysis used in financial statements. Each line item is represented as a percentage of another item on the financial statement.

On income statement items are usually represented as a percentage of income or gross sales.

On the balance sheet line items are represented as a percentage of total assets.

Answer:

The correct answer is letter "C": Vertical Analysis.

Explanation:

Under Vertical Analysis each line item is viewed as a percentage of a larger number in a company's financial statement. On the Balance Sheet, each line item in the Asset section is presented as a percentage of total assets. In the Liability and equity section, each line item is presented as a percentage of total liabilities and equity which equals total assets based on the accounting equation.

Answer:

[tex]P(3.0<\bar X<6.0)= P(-2.894< Z< -0.442) = P(Z<-0.442) -P(Z<-2.894) = 0.329 -0.0019=0.327[/tex]

Explanation:

Previous concepts

Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".

The Z-score is "a numerical measurement used in statistics of a value's relationship to the mean (average) of a group of values, measured in terms of standard deviations from the mean".  

Solution to the problem

Let X the random variable that represent the profits of a population, and for this case we know the distribution for X is given by:

[tex]X \sim N(6.54,10.45)[/tex]  

Where [tex]\mu=6.54[/tex] and [tex]\sigma=10.45[/tex]

We are interested on this probability :

[tex]P(3.0<\bar X<6.0)[/tex]

And the best way to solve this problem is using the normal standard distribution and the z score given by:

[tex]z=\frac{x-\mu}{\frac{\sigma}{\sqrt{n}}}[/tex]

And we can find the z score for the two limits 3.0 and 6.0 and we got:

[tex] z_1 = \frac{3-6.54}{\frac{10.45}{\sqrt{73}}} = -2.894[/tex]

[tex] z_2 = \frac{6- 6.54}{\frac{10.45}{\sqrt{73}}} =-0.442 [/tex]

So then we can calculate the probability on this way:

[tex]P(3.0<\bar X<6.0)= P(-2.894< Z< -0.442) = P(Z<-0.442) -P(Z<-2.894)[/tex]

And we can use the normal standard distribution or excel to calculate the probabilities and we got:

[tex]P(3.0<\bar X<6.0)= P(-2.894< Z< -0.442) = P(Z<-0.442) -P(Z<-2.894) = 0.329 -0.0019=0.327[/tex]

Barb is correct. The agreement must be in writing to be enforceable.

Explanation:

A written agreement that is legally binding is a true agreement and can therefore be enforced.

It ensures that the people that signed the agreement must perform their duties under the agreement. We can be penalized if they do not.

Although documents need not be published to be legally binding, it is a good idea to keep a record in writing of what you have agreed. It minimizes the likelihood that you and the other side will find themselves on the same page in a disagreement. The article describes the conditions for a legally binding written agreement.

Answer:

The amount waived off by the lender must be treated just like gross income. The total figure for the gross income will be:

Total assets  = Equity + Liability

By putting values we have:

$25,000 = Earnings losses (Equity) + $50,000

Earnings Losses = $25,000 - $50,000 = -$25,000

So the Gross losses are $25,000. Now we will reduce this losses by $6000 which is debt cancellation. The Net losses are $19,000 which are trading losses and must be offset against trading income.

Answer:

MAD = 2.5

MSE = 9.5

Explanation:

MAD and MSE are 2 of the 3 the approaches to calculate forecasting errors.

Step by Step Calculation of MAD:

Step by Step calculation of MSE:

Answer:

1. fall

2. Larger

3. more

Explanation:

The price elasticity is relative measure of change in demand. When the demand of heating oil decreases due to increase in price then the heating oil is considered as price elastic. The elasticity of heating oil is 0.2 in the short run and 0.7 in the long run which means customers respond less in change of demand in short run due to change in price. When the price of heating oil increases, the demand will fall in the short run.

In the short run customers may not find time to respond to the change in price. The change in demand in short run is smaller and change in demand in Long run will be larger.  

The price elasticity of heating oil is more in long run because customer may find alternate sources at a cheaper rate and may switch to it causing a greater fall in demand of heating oil.  

Answer: B. A legal

Explanation: at a legal level of corporate responsibility, businesses are obligated to obey the law. It is the most important level of corporate social responsibility as described by Archie Carroll in the “Pyramid of Corporate Social Responsibility” in 1991. It indicates how companies are meant conduct their business in the marketplace in areas bordering competition, employment, health and safety, tax regulation etc.

Answer:

Structural

Explanation:

Structural unemployment occurs as a result of a mismatch between the skills of unemployed labour and the skills demanded for by the jobs available. It usually occurs as a result of technological change.

Frictional unemployment occurs when when Labour is moving from one job to another.

Cyclical unemployment is when employment level changes with the business cycle. When there's a downturn in the economy, unemployment rises and falls when there's a boom.

Seasonal unemployment is when employment level falls or rises during certain seasons.

I hope my answer helps you

Structural unemployment would increase if print media is replaced by electronic media, leading to permanent layoffs in the print industry due to fundamental industry changes.

In the given scenario, if print media is taken over by the electronic media and employees of the print media industry are permanently laid off, this would cause an increase in structural unemployment. Structural unemployment occurs when an industry undergoes fundamental changes forcing workers out of work because their skills no longer match available jobs.

Structural changes can include technological changes, introduction of automation, outsourcing, advances in efficiency or shifts in consumer demand. In this scenario, print media is taken over by electronic media, which suggests a fundamental shift in the media industry, thus leading to a structural unemployment situation where print media employees would need retraining and adjustment time to adapt to the new changes.

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Answer: A perpetual bond is similar to a no growth stock and a share of preferred stock as they all derive their values from a series of cash inflows.

Explanation: A perpetual bond is a bond with no maturity date. Issuers pay COUPONS on them forever. This represents the cash inflows.

In the same vein, both a no-growth stock and share of preferred stock derive their values from a series of cash inflows called DIVIDENDS.

A perpetual bond is similar to no-growth common stock and preferred stock because they provide consistent returns without growth prospects; their valuation also reflects a constant yield. For both types of stocks and perpetual bonds, present value calculations consider these consistent payment streams.

A perpetual bond, also known as a perpetuity or consol, is a bond that pays interest forever without a maturity date. This financial instrument is similar to 1) a no-growth common stock because neither the perpetual bond nor the no-growth stock will increase in value from growth; they both provide a consistent stream of income indefinitely. 2) A share of preferred stock often has a fixed dividend, which is similar to the fixed interest payment of a perpetual bond, also known as coupon payments.

Moreover, the valuation of a perpetual bond can be described using the formula V = 1/r, assuming the rate of return (r) is constant. This formula highlights the similarity between perpetual bonds and certain stocks with constant payments. In the case of no-growth common stocks, the expectancy of dividends to remain the same reinforces their resemblance to a consol's fixed interest payments. Preferred stock comparisons arise from the nature of preferred dividends, which, like consol payments, are typically fixed and paid out prior to any common stock dividends.

Answer:

Reveal changes in the relative importance of each financial statement item to a base amount.

Explanation:

In the common-size statements, the items would be displayed in the percentage form that is based on the base value rather than the absolute values.  

The preparation of this statement is to do the proper analyses of each item with period to period of the similar company so that proper decisions should be taken. In addition, it would also create its importance with respect to the item mentioned in the financial statement

Option E

The conservatism constraint prescribes that: When multiple estimates of amounts to be received or paid in the future are equally likely, then the least optimistic amount should be used.

Conservatism constraint designates the aid of the less optimistic amount when more extra than unity assessment of the amount to be collected or repaid endures and these assessments are thereby uniformly likely.

The conservatism constraint suggests that, all annexes equal, we require to choose the postulate that is more moderate for assets and more leading for liabilities, these hypotheses forming the company resemble worse or most traditional. Conservatism constraint restricts the opportunity of economic statements being proffered that are emphasized, an overstatement that investors could perform on.

The conservatism constraint prescribes that a company use the same accounting methods period after period to provide consistent and reliable information in financial statements.

The conservatism constraint in accounting prescribes that a company use the same accounting methods period after period. This means that a company should be consistent in its treatment of accounting transactions and follow the same principles and rules over time.

For example, if a company chooses to use the FIFO method to value its inventory, it should continue using the same method in subsequent periods.

The aim of the conservatism constraint is to ensure that financial statements reflect a more cautious and conservative estimate of the company's financial position and performance.

By using the same accounting methods, a company provides users of financial statements with consistent and reliable information to make informed decisions.

Answer:

EVA = -$180,000

Explanation:

given data

net income = $600,000

taxable income of $1,000,000

operating profit = $1,200,000

total financial capital = $9,000,000

tax rate = 40%

WACC = 10%

solution

we get here EVA that is express as

EVA = NOPAT - Invested Capital × WACC   ..................1

and here

NOPAT = EBIT × ( 1 - Tax Rate )  .........2

put here value

NOPAT = operating profit × (1 - Tax Rate)  

NOPAT =$1,200,000 × (1 - 0.40)  

NOPAT =$720,000

so put in equation 1 we get

EVA = NOPAT - Invested Capital × WACC

EVA = $720,000 - $9,000,000 × 10%

EVA = -$180,000

Answer and explanation:

Dove's campaign for "Real Beauty" used the values, personality and lifestyle features to drive its advertisements to success. Dove achieved that purpose promoting the idea that there is no set definition of beauty and spreading the point of view that women are beautiful on their own.

Dove tore down the stereotype of conventional beauty by targeting its products to women of different ages, races, sizes, and social classes which helped to broaden the company's market segment since most women identified themselves with Dove's advertisements.

The success of Dove's Campaign for Real Beauty can largely be attributed to the external consumer cultural processes of socialization or learning and need recognition, as the campaign addressed a relevant social issue and effectively recognized the needs of its audience.

The four external processes in the consumer's culture that have been key to the success of Dove's Campaign for Real Beauty are socialization or learning, need recognition, information search, and purchase decision. Of these, I believe that socialization or learning an need recognition have been most important. The campaign targeted a social issue, promoting self-esteem and rejecting unrealistic beauty standards, thus fostering socialization among its audience. Additionally, the campaign effectively created need recognition by highlighting that many women deal with low self-esteem and body dissatisfaction, positioning Dove as a brand that understands and addresses these needs.

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Answer:

The average return of the project is 15%

paybakc 6.67 years

Explanation:

Sean should divide the anual profit over the project cost ot get the average return

[tex]\frac{income}{investment} = $rate of return[/tex]

30,000 / 200,000 = 0.15

0.15 = 15%

Sean may also want to know the payback period:

so we do investment / income:

200,000 / 30,000 = 6.67

The firm will recover the cost of 200,000 after 6.67 years

The average rate of return for Sean's telecommunications firm project, which costs $200,000 and has an average annual profit of $30,000, is 15%.

To calculate the average rate of return for a project, we divide the average annual profit by the initial investment cost and then multiply by 100 to get a percentage. For Sean's telecommunications firm project, the average rate of return is calculated as follows:

Therefore, the average rate of return for the project is 15%.

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Answer:

Explanation:

Fraud is a point of concern in the business world and creates a trust deficit. There are 3 elements of fraud and one may identify each of them in every fraud situation.

Answer:

d.None of these choices are correct.

Explanation:

The stock split is the way to increase the outstanding number of shares.  

Take an example

The current shares are 50,000 and the stock split ratio is 2 for 1 share

So, now the new shares are  

= 50,000 × 2

= 100,000 shares

The first statement is false as it changes the outstanding shares after the stock split.  

The second statement is also incorrect because the par amount is also changed

And, the third statement is also incorrect because no journal entry is required for the stock split

Answer:

c. technical skills

Explanation:

Technical skills -

It refers to the knowledge or the information necessary to perform a particular task , is referred to as the technical skill .

The knowledge of scientific activities , mathematics , technology , mechanical information , is important to be learn technical skills  .

Hence , from the given scenario of the question,

The  correct option is c. technical skills .

Answer:

25 kanban containers

Explanation:

Given that,

Daily demand = 2,000 units

Production lead time = 4 days

Container size = 400 units

Lead time demand:

= Daily demand × Production lead time

= 2,000 units × 4 days

= 8,000 units

Safety Stock:

= Number of days × Daily demand

= 1 day × 2,000 units per day

= 2,000 units

Number of Kanban containers needed:

= (Lead time demand + Safety Stock) ÷ Container size

= (8,000  + 2,000) ÷ 400

= 10,000 ÷ 400

= 25

To support the Kanban system in the welding department, 20 Kanban containers will be needed, based on the daily demand, production lead time, and container capacity.

To calculate the number of Kanban containers needed in the welding department to support the Kanban system, we can use the following formula:

(Daily demand) * (Production lead time in days) / (Container capacity)

Using the data provided:

Daily demand = 2000 units

Production lead time = 4 days

One container fits = 400 units

Now, let's plug in the values:

(2000 units per day) * (4 days) / (400 units per container) = 20 containers

Therefore, 20 Kanban containers will be needed to support this system efficiently.

Answer:

The answer is B. The roof compares engineering characteristics (EC), which enables the study of any trade-offs among the EC.

Explanation: